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Satya Nadella says Microsoft has access to "all" of OpenAI's custom AI chip work and plans to use it to help develop its own in-house chip (Brody Ford/Bloomberg)

Tavus, which develops enterprise AI agents focused on employee recruitment and training, raised a $40M Series B led by CRV (Chris Metinko/Axios)

Valve's Steam Frame hands-on: the back-mounted battery and 185g visor make it very comfortable, streaming is stable, but the display has poor contrast (UploadVR)

Google launches Cameyo by Google, after acquiring the software virtualization company in June 2024, to help organizations run legacy Windows apps on ChromeOS (Jess Weatherbed/The Verge)

A Dubai court orders a worldwide freeze on $456M in reserves linked to Justin Sun's bailout of Techteryx's TrueUSD, saying there's evidence of a breach of trust (Sam Reynolds/CoinDesk)

Former Twitter CEO Parag Agrawal's Parallel Web Systems, which is building tools for AI agents to search the web, raised a $100M Series A at a $740M valuation (Tom Dotan/Newcomer)

Cisco reports Q1 revenue up 8% YoY to $14.88B, vs. $14.77B est., net income up 5% to $2.86B, and forecasts Q2 revenue above est.; CSCO jumps 5%+ after hours (Ari Levy/CNBC)

Boston-based Code Metal, which uses AI to help engineers translate code into other languages, raised a $36.5M Series A led by Accel at a $250M valuation (Lora Kolodny/CNBC)

Visa announces a pilot allowing businesses to send stablecoins payouts directly to users' or workers' crypto wallets (Emily Mason/Bloomberg)

Valve's Steam Frame features a replaceable battery strap, dual 2160×2160 LCD panels, a Snapdragon 8 Gen 3 chipset, 16GB of RAM, a microSD slot, and weighs 440g (David Heaney/UploadVR)

Microsoft unveils an AI "super factory", a new class of hubs built for AI training, in Atlanta as part of its Fairwater network of data centers (Sebastian Herrera/Wall Street Journal)

OpenAI rolls out GPT-5.1 Instant, "warmer" and "more conversational", and GPT-5.1 Thinking, "easier to understand and faster", starting with paid ChatGPT users (OpenAI)

OpenAI asks a federal judge to reverse an order that required it to turn over 20M anonymized ChatGPT chat logs in NYT's copyright suit, citing privacy concerns (Blake Brittain/Reuters)

Valve unveils the second-gen Steam Controller, with a puck that serves as both a low-latency wireless connector and a charging station, launching in early 2026 (Jay Peters/The Verge)

Valve unveils Steam Frame, a VR headset that can stream games from a PC or run Windows and Android games locally, expected to launch in 2026 for under $999 (Jay Peters/The Verge)

Valve unveils a new Steam Machine, a cube-shaped gaming PC with SteamOS, a semi-custom AMD Zen 4 CPU and AMD RDNA 3 GPU, and 16GB of RAM, expected in early 2026 (Andrew E. Freedman/Tom's Hardware)

An Apple-funded study about DMA finds developers didn't pass on App Store fee savings to EU users, keeping prices the same or increasing them on 91% of products (William Gallagher/AppleInsider)

Apple launches Digital ID in Apple Wallet, letting iPhone and Apple Watch owners in the US carry a copy of their passport, which can be used at TSA checkpoints (Sarah Perez/TechCrunch)

Ireland's media regulator launches its first formal investigation under the EU DSA, probing X for allegedly failing to remove illegal content reported by users (Bloomberg)

Sources: the EU is preparing to probe Google over news publisher rankings in search over claims that Google demotes sites with "third party" promotional content (Barbara Moens/Financial Times)

WisdomAI, which offers AI-driven data analytics that can answer business questions, including from "dirty" data, raised a $50M Series A led by Kleiner Perkins (Julie Bort/TechCrunch)

Waymo becomes the first robotaxi provider to offer driverless rides on freeways, available 24/7 in San Francisco, Phoenix, and Los Angeles for users who opt in (Zoe Thomas/Bloomberg)

Amazon Echo Show 8 ($180) and Echo Show 11 ($220) hands-on: better hardware and software, Alexa+ is an improvement, but no camera cover and ads are coming later (Jennifer Pattison Tuohy/The Verge)

Filing: Synopsys plans to lay off ~10% of its staff, or ~2,000 employees, after completing its $35B acquisition of engineering design firm Ansys earlier in 2025 (Jaspreet Singh/Reuters)

Anthropic plans to spend $50B on a US AI infrastructure buildout, starting with Texas and New York data centers in partnership with Fluidstack, opening in 2026 (MacKenzie Sigalos/CNBC)

Circle reports Q3 revenue up 66% YoY to $739.8M, USDC in Circulation at quarter end up 108% YoY to $73.7B, and net income up 202% YoY to $214M; CRCL drops 5%+ (Reuters)

Fei-Fei Li's World Labs debuts Marble, its first world model, which lets users turn prompts, photos, and other media into editable 3D environments, after a beta (Rebecca Bellan/TechCrunch)

Airbnb says it will launch a three-month pilot on January 5 that lets guests order groceries via Instacart within its app in Phoenix, Orlando, and Los Angeles (Natalie Lung/Bloomberg)

Indian investment app Groww raised ~$748M in its Indian IPO, closing up 29% and giving it a ~$9B market cap; Groww is the first Indian YC-backed startup to IPO (Jagmeet Singh/TechCrunch)

Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware "once provided companies with consistency" but now has "unpredictable outcomes" (Ari Levy/CNBC)

Tel Aviv-based Sweet Security, which helps spot abnormal cloud infrastructure behavior, raised $75M led by Evolution Equity, taking its total funding to $120M (Marissa Newman/Bloomberg)

Deezer-Ipsos survey of 9,000 music listeners in eight countries: 97% can't distinguish AI-generated music, 73% support clear labelling of AI tracks, and more (Jaspreet Singh/Reuters)

Boston-based Teradar, which aims to launch a solid-state sensor for autonomous cars in 2028 that it says can outperform lidar and radar, raised a $150M Series B (Sean O'Kane/TechCrunch)

An analysis of 47K publicly shared ChatGPT chats: ~10% were related to emotional support, ChatGPT's responses started with "yes" 10x more than "no", and more (Washington Post)

Maryland-based autonomous military vehicle software startup Forterra raised $238M, including $50M in debt, led by Moore Strategic Ventures at a $1B+ valuation (Lizette Chapman/Bloomberg)

Stockholm-based driverless truck startup Einride says it will go public in H1 2026 via a SPAC, valuing the company at $1.8B, and reports ~$43.3M in 2024 revenue (Paul Berger/Wall Street Journal)

Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt (Chris Bryant/Bloomberg)

IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations (Karmela Padavic-Callaghan/New Scientist)

Amazon says it is rolling out a tougher approach to combat illegal sports streaming on Fire TV Stick devices, aiming to block apps that stream pirated content (Adam Leventhal/The Athletic)

D-Matrix, which develops AI inference chips, raised $275M co-led by Bullhound, Triatomic, and Temasek at a $2B valuation, taking its total funding to $450M (Dina Bass/Bloomberg)

Google files a lawsuit in the SDNY against China-based hackers who it says run the Lighthouse platform for "phishing services", ensnaring 1M and stealing $1B+ (Financial Times)

JD.com says it had record sales during China's Singles' Day event, without giving transaction values, despite Chinese deflation; Alibaba hasn't released data (Jacob Gu/Bloomberg)

German chipmaker Infineon reports Q4 revenue up 1% YoY to €3.94B, vs. €3.91B est., a €231M net profit, and expects 2026 sales growth as AI demand keeps booming (Mauro Orru/Wall Street Journal)

Sources: software-focused PE firm Vista plans significant workforce cuts in the coming years as it uses AI to compile presentations, aggregate data, and more (Financial Times)

Kraken co-CEO Arjun Sethi criticizes UK crypto promotion rules requiring clear risk warnings, saying they hinder retail investors by slowing fund movement (Nikou Asgari/Financial Times)

Foxconn reports Q3 revenue of $66.3B, in line with est., net profit up 17% YoY to $1.86B, above $1.63B est., and expects Q4 results to "remain favorable" (CNBC)

The UK proposes an amendment to the Crime and Policing Bill that would let "authorized testers" proactively assess AI models for their ability to generate CSAM (BBC)

Menulog, acquired by Just Eat in 2015, plans to shut down in Australia on November 26, leaving Uber Eats and DoorDash as the country's main food delivery apps (Tegan Jones/SmartCompany)

South Korea's KT launches a sovereign cloud for Korean enterprises built on Azure, with encrypted in-memory computing and strict local data governance (Jie Ye-eun/The Korea Herald)

Sources: the Chinese government is intervening in how SMIC allocates its chip output, prioritizing Huawei amid US export restrictions on advanced chips (Wall Street Journal)