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Techmeme

How US-based ACE, led by the MPA, took down illegal sports streamer Streameast, which had 136M global users per month, £4.9M in ad revenue, and ~£150K in crypto (Adam Leventhal/The Athletic)

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Sources: Apple may add a second camera to the next iPhone Air, possibly set for spring 2027 alongside the iPhone 18 and iPhone 18e, to address user complaints (The Information)

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How China ramped up its AI development from spring 2024 to catch the US, including via relaxed regulations, huge government funding, and a domestic chip focus (Wall Street Journal)

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Asahi says shipment levels are at just 10% of normal after a cyberattack in early October, and it is processing orders manually, ahead of a busy December period (Bloomberg)

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A Munich court sides with Germany's music rights society GEMA in a case against OpenAI, saying OpenAI can't use song lyrics without a license; OpenAI can appeal (Reuters)

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Apple and Japanese fashion house Issey Miyake launch the $150+ iPhone Pocket, a 3D-knitted fabric accessory, in Apple's first fashion deal since Hermès' in 2015 (Vogue)

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SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est. (David Keohane/Financial Times)

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Q&A with Tim Berners-Lee on the future of web, AI, his decentralization startup Inrupt and its open-source web protocol Solid, his new memoir, and more (Nilay Patel/The Verge)

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Google, Temasek, and Bain: private funding for SE Asia's digital economy grew 15% YoY to $7.7B in the year to June, below 25% global growth and 2021's $27B peak (Jun Yuan Yong/Reuters)

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Bengaluru-based digital lending startup Finnable raised about $28.19M in August 2025 co-led by Z47 and TVS Capital, bringing its total raised to about $60.9M (Alenjith K Johny/The Economic Times)

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Sony reports Q2 revenue up 4.6% YoY to ~$20.3B, net profit up 6.7% to ~$2.02B, 3.9M of PS5 units sold, and raises FY operating profit forecast by 7.5% to ~$9.3B (Kosaku Narioka/Wall Street Journal)

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Financial documents: Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses that year before turning a profit in 2030 (Berber Jin/Wall Street Journal)

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Crypto exchange Gemini reports Q3 revenue up 106% YoY to $50.6M, above $46.2M est., and net loss of $159.5M, up from $90.2M in Q3 2024; GEMI drops 5%+ (Olga Kharif/Bloomberg)

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Meta introduces Omnilingual Automatic Speech Recognition, a suite of AI models providing automatic speech recognition capabilities for more than 1,600 languages (Carl Franzen/VentureBeat)

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Intel CTO and AI officer Sachin Katti says he is leaving the company after four years to join OpenAI; Intel says CEO Lip-Bu Tan will take over its AI efforts (CRN)

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The US Treasury and IRS issue guidance allowing crypto products to offer staking rewards under a new safe harbor (Sander Lutz/Decrypt)

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CoreWeave reports Q3 revenue up 134% YoY to $1.36B, above $1.29B est., a $110M net loss, and forecasts FY revenue below estimates; CRWV drops 5%+ (Jordan Novet/CNBC)

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eToro reports Q3 net income up 48% YoY to $57M, adjusted EBITDA up 43% to $78M, above estimates, and announces a $150M share buyback; ETOR closed up 8% (CoinDesk)

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Meta plans to discontinue Facebook's Like and Share buttons for external sites in February 2026 as usage "naturally declined as the digital landscape evolved" (Anna Washenko/Engadget)

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Sources: C3.ai is exploring options, including a potential sale and raising funds from private investors, after Thomas Siebel stepped down as CEO in July (Milana Vinn/Reuters)

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Neros, which makes low-cost, military FPV drones in the US, raised $75M led by Sequoia, bringing its total funding to $121M, and won a US Army contract (Farah Stockman/New York Times)

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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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