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  • Wed Oct 29

Humain partners with Adobe and Qualcomm to develop AI tools for Arabic content, using Adobe's Firefly Foundry to build AI models and Qualcomm chips to run them (Stephen Nellis/Reuters)

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The US Commerce Department approved the sale of up to 35K Nvidia GB300 servers or their equivalents each to Abu Dhabi's G42 and Saudi government-backed Humain (Wall Street Journal)

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Sources: ID verification startup Incode is in preliminary talks to raise between $150M and $300M at a valuation of up to $3B, up from a $1.25B valuation in 2021 (Bloomberg)

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Nvidia reports Q3 revenue up 62% YoY to $57.01B, vs. $54.92B est., Data Center revenue up 66%, and forecasts Q4 revenue above est.; NVDA jumps 5%+ after hours (Kif Leswing/CNBC)

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The US, the UK, and Australia sanction Russian bulletproof hosting provider Media Land, which provided services to cybercrime marketplaces and ransomware groups (Sergiu Gatlan/BleepingComputer)

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Sources: key White House officials are pressing lawmakers on Capitol Hill to keep AI chip export restrictions to China out of the annual defense policy bill (Maria Curi/Axios)

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Amazon launches a Video Recaps feature on Prime Video that uses AI to summarize a show's key plot points with snippets and music, available in beta for US users (Todd Spangler/Variety)

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Yann LeCun says he is leaving Meta at the end of 2025 to build a new startup and continue his "Advanced Machine Intelligence research", with Meta as a partner (Bloomberg)

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Nokia plans to split its AI operations into a separate unit from its telecom business, weeks after Nvidia invested $1B in Nokia; Nokia's stock closes down 6.98% (Kieran Smith/Financial Times)

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Investors pulled $523M from BlackRock's IBIT bitcoin ETF on Tuesday, its largest single-day outflow since launch; BTC fell ~30% from its October all-time high (Sidhartha Shukla/Bloomberg)

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Sources: Coinbase is preparing to launch a prediction market powered by Kalshi to allow its clients to bet on events such as elections and sports (Yueqi Yang/The Information)

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Sources: US officials are privately saying they might not levy semiconductor tariffs soon, as the Trump administration takes a more cautious approach with China (Reuters)

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OpenAI unveils GPT-5.1-Codex-Max, saying it is "significantly better" at "long-horizon reasoning" and is the first model it has trained for Windows environments (David Gewirtz/ZDNET)

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OpenAI announces ChatGPT for Teachers, designed for K-12 educators and school districts, and says it will be free to K-12 educators in the US through June 2027 (Ashley Capoot/CNBC)

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AI video startup Luma AI raised a $900M Series C led by Humain, sources say at a ~$4B valuation, and partners with Humain on a 2GW AI cluster in Saudi Arabia (Vaibhavi Khanwalkar/The Economic Times)

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Doppel, which makes an AI social engineering detection service, raised a $70M Series C led by Bessemer at a $600M+ valuation, up from $205M in May (Allie Garfinkle/Fortune)

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Warner Music settles its lawsuit with AI music startup Udio, which is planning a service that lets users create songs from licensed tracks of artists who opt-in (Anna Nicolaou/Financial Times)

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Perplexity plans to roll out a free agentic shopping product in the US next week in partnership with PayPal, eventually letting users buy from 5,000+ merchants (Ashley Capoot/CNBC)

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Elon Musk says xAI plans to develop a 500 megawatt data center in Saudi Arabia with state-backed AI startup Humain; the data center will rely on Nvidia chips (Mark Bergen/Bloomberg)

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Meta release SAM 3, a model for detection, segmentation, and tracking of objects in images and video, and SAM 3D, which can reconstruct objects and humans in 3D (Mike Wheatley/SiliconANGLE)

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Alphabet's stock rose as much as 6.9% on Wednesday, its biggest gain since early September, amid a wave of glowing reviews for Gemini 3 (Ryan Vlastelica/Bloomberg)

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A new bipartisan Senate bill amends Section 230 to make commercial social media platforms responsible if their recommendation systems cause foreseeable harms (Lauren Feiner/The Verge)

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Gemini 3 hands-on: a fundamental improvement on daily use, extremely fast, Antigravity IDE is a powerful launch product, and its personality is terse and direct (matt shumer)

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Gemini co-lead Oriol Vinyals says Gemini 3's gains come from better pre-training and post-training, contradicting the idea that pre-training gains are falling (Stephanie Palazzolo/The Information)

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Crypto exchange Kraken says it confidentially filed for a US IPO, without revealing any terms; Kraken said it raised $200M at a $20B valuation on November 18 (Arasu Kannagi Basil/Reuters)

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Guardio, which helps detect malicious code created with AI tools, raised $80M led by ION Crossover, and says it has 500K paying users and $100M in ARR in 2025 (Ivan Mehta/TechCrunch)

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AI music platform Suno raised $250M led by Menlo Ventures at a $2.45B valuation, up from ~$500M in 2024, and says its annual revenue has reached $200M (Katherine Sayre/Wall Street Journal)

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Meta warns of significant difficulties in identifying and removing underage users as it prepares for Australia's under-16 social media ban, set for December 10 (Angus Whitley/Bloomberg)

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The EU unveils proposed updates to GDPR, including simplifying cookie permission pop-ups, and plans to water down the AI Act, after US and tech company pressure (The Verge)

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Ubisoft says it will release results for the fiscal first half before trading opens on November 21, after unexpectedly postponing their publication last week (Bloomberg)

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Adobe plans to acquire NYSE-listed Semrush, which helps companies run search engine optimization as AI use rises, for $1.9B in cash, paying $12 per share (Lauren Thomas/Wall Street Journal)

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Meta's win over the US FTC may mean Meta, Google, Microsoft, and others can resume buying startups to stay ahead of the pack, after a slowdown under Lina Khan (New York Times)

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Larry Summers and OpenAI say he has resigned from the OpenAI board, after a US House Committee released his emails with Jeffrey Epstein (Ben Berkowitz/Axios)

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The EU's General Court dismisses Amazon's request to remove its designation as a Very Large Online Platform under the DSA; platforms with 45M+ users qualify (Reuters)

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Crypto miners like IREN are pivoting to AI data centers amid the AI boom; IREN's stock, down to ~$1 in 2022, is up 300% in 2025, giving it a $13B+ market cap (Jennifer Hiller/Wall Street Journal)

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NetEase says 2M+ people played martial arts game Where the Winds Meet in the 24 hours after its global release, as Chinese companies' cultural influence expands (Evelyn Cheng/CNBC)

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Epic Games partners with Unity to bring games made with Unity Engine to Fortnite in 2026, part of Epic's longterm vision to make Fortnite into an open metaverse (Jay Peters/The Verge)

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FTC v. Meta: TikTok's rise undermined the FTC's antitrust case and helped Meta avoid a breakup; Judge Boasberg said the tech landscape has "changed markedly" (New York Times)

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Kuaishou reports Q3 revenue up 14% YoY to ~$5B and net profit up 37% YoY to ~$632M, above ~$588M est., driven by ad growth and its Kling AI video generator (Sherry Qin/Wall Street Journal)

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Sources: South Korean antitrust officials visited Arm's Seoul offices as part of ongoing scrutiny of its licensing practices, following Qualcomm's complaint (Josh Sisco/Bloomberg)

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CEIP study: 87 of the top 100 Chinese AI researchers who were working in the US in 2019 are still doing research at US universities or companies in 2025 (New York Times)

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UK bank Lloyds agrees to acquire UK startup Curve, which offers digital wallets, in a deal set to close in H1 2026; Sky News reported Lloyds is set to pay £120M (Aisha S Gani/Bloomberg)

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Fox News hires Palantir to build tools that help journalists produce stories across Fox platforms and social media; Fox won't use AI to generate editorial copy (Sara Fischer/Axios)

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The Dutch government suspends its powers over chipmaker Nexperia, restoring control to its Chinese owner; a Dutch minister says the move is "a show of goodwill" (Bloomberg)

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Boston Dynamics says its robot dog Spot is used by 60+ US and Canadian bomb squads and SWAT teams, with ~2K units deployed globally, five years after its debut (Samantha Kelly/Bloomberg)

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A look at Huawei's efforts to build an independent Chinese chip supply chain; through vehicles like Hubble, it has invested in 60+ chip companies since 2019 (Itsuro Fujino/Nikkei Asia)

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A look at Tsinghua University, which leads China's AI innovation, with 4,986 AI patents between 2005 and 2024, alumni behind startups like DeepSeek, and more (Saritha Rai/Bloomberg)

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As TSMC readies its €10B Germany plant for 2027, its Taiwanese suppliers say they're struggling with the EU's complex permitting, labor, and environmental rules (New York Times)

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Atomico: European startups are on track to raise $44B in 2025, up from $41B in 2024; tech now makes up 15% of Europe's GDP, up from 4% in 2016 (Kai Nicol-Schwarz/Sifted)

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Brookfield Asset Management is targeting $10B for its new AI infrastructure fund and has already raised $5B from its balance sheet, Nvidia, and other investors (Miriam Gottfried/Wall Street Journal)

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Entries updated Nov 28, 2025 08:04:05 PM PST

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