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  • Wed Oct 29

A YouGov survey estimates 9% of UK adults, or 4.7M people, watched sports via illegal streams in the six months to October, about 200K people more than in 2023 (Adam Leventhal/The Athletic)

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In a letter, the SIA urges the USPTO to drop a plan to impose annual patent fees of 1% to 5% based on government-assessed value, replacing the flat-fee model (Jowi Morales/Tom's Hardware)

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A profile of Mercor CEO Brendan Foody, who says Mercor is creating a new category of work; Mercor hit $500M ARR in September and pays contractors $1.5M daily (Rya Jetha/The San Francisco Standard)

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Apple removes two of the most popular gay dating apps, Blued and Finka, from its App Store in China, citing orders from the country's Cyberspace Administration (Wired)

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Draft documents: the European Commission plans to relax some privacy laws, including the GDPR, to boost AI growth and cut red tape for businesses in Europe (Ellen O'Regan/Politico)

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Financial stress from AI infrastructure spending, overhiring, and recession fears, rather than AI adoption, is likely driving layoffs in the tech sector (Gary N. Smith/Fast Company)

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EchoTik estimates TikTok Shop sold $19B worth of products globally in Q3, nearing eBay's $20.1B, with US sales accounting for between $4B and $4.5B, up 125% QoQ (Zeyi Yang/Wired)

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A bitcoin and ether selloff is tanking shares of crypto treasury companies like Strategy and BitMine; Strategy's valuation is down from ~$128B in July to ~$70B (Wall Street Journal)

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A look at Rigetti Computing and D-Wave Quantum, whose shares have surged over 1,900% in the past year as the potential of quantum computing captivates investors (Felice Maranz/Bloomberg)

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Procurement Sciences, whose AI software helps its customers find and build proposals for government contracts, raised a $30M Series B led by Catalyst Investors (Chris Metinko/Axios)

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Zurich-based DeepJudge, which builds customized search indexes for law firms that plug into AI tools like ChatGPT, raised a $41M Series A at a $300M valuation (Alicia Park/Forbes)

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The UK is investigating whether ~700 of its Chinese-made Yutong electric buses can be remotely deactivated; Norway found that Yutong can render buses inoperable (Financial Times)

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Cold-storage crypto wallet demand is soaring, as hardware wallet maker Ledger reports its best year ever, with "triple-digit millions" in 2025 revenue so far (Nikou Asgari/Financial Times)

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A look at Apple's plans to enhance satellite connectivity in its products, Siri's Gemini upgrade, new 2026 Macs, a Health+ service, and the future of Fitness+ (Mark Gurman/Bloomberg)

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China suspends export restrictions for a year on five critical minerals to the US, including gallium and germanium, used to make certain types of semiconductors (Keith Bradsher/New York Times)

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An interview with Internet Archive founder Brewster Kahle on copyright lawsuits that threatened to bankrupt the nonprofit, fair use, IA's future, AI, and more (Ashley Belanger/Ars Technica)

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Israel-based RAAAM, whose "GCRAM" on-chip memory tech aims to deliver up to 10x power savings relative to high-density SRAM, raised a $17.5M Series A led by NXP (Meir Orbach/CTech)

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Tala Health, which plans to roll out AI agents to help clinicians improve patient care next year, raised a $100M seed led by Sofreh Capital (Allie Garfinkle/Fortune)

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The Alpha Arena experiment gave six frontier models $10K each to trade crypto derivatives over two weeks: losses ranged from Qwen3 Max's $652 to GPT-5's $5,679 (Sebastian Pellejero/Reuters)

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Rivian spins off Mind Robotics as a new stand-alone industrial AI and robotics company; Mind Robotics raised a $115M seed led by Eclipse (Sean O'Kane/TechCrunch)

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Swedish investment firm EQT agrees to invest $930M in Douzone Bizon, a South Korea-based provider of ERP and business software to SMBs, for a 37.6% stake (Atharva Singh/Reuters)

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Investment in subsea cable projects is expected to reach $13B between 2025 and 2027, almost 2x the amount invested between 2022 and 2024, driven by AI buildout (Magdalena Petrova/CNBC)

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As US schools adopt AI, a look at the growing use of AI-powered monitoring tools like GoGuardian to scan students' chatbot conversations for signs of self-harm (Janne Knodler/Bloomberg)

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Chinese robotaxi companies' tech and rider experience are generally similar to Waymo's, as they build businesses at home while also expanding internationally (Peter Landers/Wall Street Journal)

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Several of Asia's top tycoons and conglomerates are joining the data center race as tech giants plan $240B in APAC hyperscale expansion over the next five years (Jonathan Burgos/Forbes)

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A look at Dominari Holdings and Yorkville Advisors, two little-known boutique banks that have helped finance the Trump family's flurry of crypto deals this year (George Steer/Financial Times)

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OpenAI, Alphabet, and Perplexity offering free access to their paid tiers in India suggests the country may be the biggest and safest bet for broad AI adoption (Mihir Sharma/Bloomberg)

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Apple Music's growth may be stymied by the lack of a free tier as a funnel; Midia: on a weekly level, 43% of consumers used Spotify and 16% turned to Apple (Ashley Carman/Bloomberg)

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An account of working at Cursor for 60 days: a largely in-person culture, few scheduled meetings, aggressive recruiting, heavy internal product testing, more (Brie Wolfson/Colossus)

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In DeepSeek's first public appearance since R1's success, a senior researcher told a state-run conference he was pessimistic about AI's impact on humanity (Reuters)

3w
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CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week (Bloomberg)

3w
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Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025 (Krystal Hu/Reuters)

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Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800B (Financial Times)

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A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders (Bloomberg)

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Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing (Google Research)

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Sources: Samsung is in talks with Barclays to launch a consumer credit card in the US; it's also exploring a high-yield savings account, BNPL product, and more (AnnaMaria Andriotis/Wall Street Journal)

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France's Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform (Inti Landauro/Reuters)

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In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure (Bloomberg)

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Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier (Alex Danco/a16z)

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Unit 42: "commercial grade" spyware called Landfall, likely zero-click, was used in a hacking campaign aimed at Samsung Galaxy phones in the Middle East (Suzanne Smalley/The Record)

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Sources: Roelof Botha was ousted by senior Sequoia partners amid concerns about his "imperial style" leadership, AI investment strategy, and internal clashes (George Hammond/Financial Times)

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Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years (Allie Garfinkle/Fortune)

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A Delaware federal jury rules that GoDaddy owes patent owner Express Mobile $170M for violating its rights in website-building technology; GoDaddy will appeal (Blake Brittain/Reuters)

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Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high (Bailey Lipschultz/Bloomberg)

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You.com CEO Richard Socher is working on a new AI lab to automate AI research, and, sources say, hopes to raise $1B for it; Socher will remain at You.com (The Information)

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Meta says it will invest $600B in the US infrastructure and jobs by 2028; Zuckerberg told Trump at a September dinner that Meta will spend "at least $600B" (Juby Babu/Reuters)

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Denmark's government has reached a political agreement to ban social media access for anyone under 15, with a possible parental consent exception from age 13 (Euronews)

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Amazon launches Amazon Bazaar, a standalone, low-cost shopping app in 12+ markets across Asia, Africa, and Latin America, with most products priced under $10 (Sarah Perez/TechCrunch)

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Commonware, which develops open-source code for launching blockchains, raised $25M led by Tempo, a stablecoin-focused blockchain backed by Stripe and Paradigm (Ben Weiss/Fortune)

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Fastbreak AI, which provides AI-based sports scheduling optimization tools to the NBA, the NHL, MLS, and others, raised $40M led by Greycroft and GTMfund (Kim Bhasin/Bloomberg)

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Entries updated Nov 29, 2025 02:42:01 AM PST

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