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  • Sat Oct 18

Bakkt reports Q3 revenue up 27% YoY to $402.2M and a $23.2M net loss, driven by an accounting charge tied to warrants issued to its investors; BKKT drops 9%+ (Judy Lagrou/Bloomberg)

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Sources: Apple is delaying the release of the next version of the iPhone Air, originally planned for fall 2026, after the first model sold below expectations (The Information)

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Sources: the European Commission is exploring ways to force EU member states to phase out Chinese telecom equipment makers Huawei and ZTE from their networks (Bloomberg)

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Travel and leisure booking service Klook files for a US IPO, and reports a net loss of $141.5M on $407.4M of revenue for the first nine months of 2025 (Bloomberg)

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Canada-based legaltech company Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition (Josh Scott/BetaKit)

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Canada-based CoLab, which makes collaboration software for manufacturers, raised a $72M Series C led by Intrepid Growth Partners (Lucinda Shen/Axios)

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Majestic Labs, which makes patent-pending server architecture that promises 1,000x more memory capacity, raised $100M, including a $71M Series A led by Bow Wave (Jennifer Elias/CNBC)

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Coinbase plans to launch a platform to let individual investors buy digital tokens before they are listed on its exchange, reviving 2017 and 2018's ICO craze (Vicky Ge Huang/Wall Street Journal)

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Grab plans to invest $60M in remote driving service Vay and potentially increase it to $410M within a year if Vay hits certain milestones, set to close in Q4 (Olivia Poh/Bloomberg)

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Scribe, which helps enterprises identify where AI and workflow automation investments will yield returns, raised a $75M Series C at a $1.3B post-money valuation (Jagmeet Singh/TechCrunch)

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Gamma, which uses AI to help create presentations, social media posts, websites, and more, raised $68M at a $2.1B valuation and reports 600K+ paying subscribers (Niko Gallogly/New York Times)

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Instacart reports Q3 revenue up 10% YoY to $939M, above est., orders up 14% YoY to 83.4M, above 82.9M est., GTV up 10% to $9.1B, and plans a $1.5B share buyback (Natalie Lung/Bloomberg)

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Q&A with Palantir CEO Alex Karp on "the woke left and the woke right", patriotism, Russia's Ukraine war, Palantir's culture, Trump, democracy, Israel, and more (Steven Levy/Wired)

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Microsoft recruits popular US influencers to promote its Copilot chatbot; Sensor Tower says Copilot has had 99M downloads since launch, far below ChatGPT's 1.4B (Emily Forgash/Bloomberg)

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An interview with Ukrainian cyber-crime kingpin Vyacheslav Penchukov, aka Tank, who was arrested in 2022 after nearly 10 years on the FBI's Most Wanted list (Joe Tidy/BBC)

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Amazon's House of David Season 2 had 350 to 400 AI-generated shots, up from 70+ in Season 1, using 10 to 15 tools from companies like Runway, drawing criticism (Kat Tenbarge/Wired)

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Amazon expands its low-cost Haul service to 25 regions globally, rebrands it as Amazon Bazaar in some markets, and holds a sales event on November 10 and 11 (Todd Bishop/GeekWire)

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ABI: UK insurers paid out £197M+ in cyber claims in 2024, up from £60M in 2023; malware and ransomware-related claims were 51% of the total, up from 32% in 2023 (Lee Harris/Financial Times)

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A group of lawyers has documented 533 cases of AI misuse in legal filings, including fabricated case law citations; judges and bar associations permit AI use (Evan Gorelick/New York Times)

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TSMC reports October sales rose 16.9% YoY, the slowest pace since February 2024, highlighting uncertainty over the AI boom's sustainability; TSMC is up 38%+ YTD (Debby Wu/Bloomberg)

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Rumble says it will acquire German AI infrastructure company Northern Data in an up to $970M deal, set to close in Q2 2026; both companies are backed by Tether (Billy Gray/Wall Street Journal)

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Robinhood CEO Vlad Tenev says he aims to give "normal people" exposure to private AI companies via Robinhood Ventures' fund with 5+ "best in class" companies (Financial Times)

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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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Entries updated Nov 18, 2025 02:51:34 AM PST

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