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Techmeme

Coverbase, an AI procurement and risk platform provider, raised a $16.5M Series A led by Canapi Ventures, bringing its total funding to $20M (Mary Ann Azevedo/Crunchbase News)

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AI legal compliance startup Norm Ai, which is launching an independent law firm offering "AI-native legal services", raised $50M from Blackstone (Norm Ai)

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Sources: ServiceNow is in advanced talks to buy corporate data management and security startup Veza for $1B+ in a deal as early as next week (The Information)

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Intel denies allegations in a TSMC lawsuit that VP Wei-Jen Lo likely leaked trade secrets after retiring from TSMC and joining Intel (Reuters)

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Dell, HP, and other tech companies are warning of potential memory-chip supply shortages in the coming year due to demand from the buildout of AI infrastructure (Bloomberg)

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The S&P downgrades the ability of Tether's USDT to maintain its US dollar peg to "weak", the lowest rating, citing exposure to high-risk assets such as bitcoin (Emily Nicolle/Bloomberg)

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Sources: Jeff Bezos' Project Prometheus, which is building AI for manufacturing computers, cars, and spacecraft, has acquired agentic AI startup General Agents (Paresh Dave/Wired)

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The EU Parliament backs a report that sets a 16+ age limit for accessing social media without parental consent and holds CEOs personally liable for violations (Eliza Gkritsi/Politico)

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Italy's competition regulator says it is scrutinizing a Meta policy excluding rival AI chatbots from WhatsApp, broadening the scope of a probe started in July (Edith Hancock/Wall Street Journal)

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In an October 7 letter, the Pentagon informed lawmakers that Alibaba, Baidu, and BYD should be added to a list of companies that aid the Chinese military (Anthony Capaccio/Bloomberg)

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The House Homeland Security Committee asks Dario Amodei to testify at a December 17 hearing about how Chinese state actors used Claude Code for cyber-espionage (Sam Sabin/Axios)

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EU states agree on a position on draft child protection legislation without forcing Big Tech to find and remove CSAM, and will now negotiate with EU lawmakers (Reuters)

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The EU says its regulators asked Shein for documents on measures to prevent the exposure of minors to inappropriate content and the circulation of illegal items (Jenny Che/Bloomberg)

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France says it plans legal complaints against AliExpress and Joom over the sales of childlike sex dolls; Temu, Wish, eBay, and more are also under investigation (Financial Times)

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Sources: ByteDance is in talks to sell game studio Moonton, which it acquired for ~$4B in 2021, to Saudi Arabia-based Savvy Games; Moonton makes Mobile Legends (Bloomberg)

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Sources: ByteDance bought more Nvidia chips than any other Chinese company in 2025, but Chinese regulators now block it from using the chips in new data centers (Qianer Liu/The Information)

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Michael Saylor-led Strategy has fallen 50%+ in the past three months, as the "digital asset treasury" craze unravels in the face of a $1T cryptocurrency rout (Financial Times)

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In recent months, RAM and SSD prices have surged due to a shortage of memory chips caused primarily by the ongoing AI boom; some RAM kits now cost 3x as much (Andrew Cunningham/Ars Technica)

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A profile of Chen Tao, founder of Chinese AI circuit board company Victory Giant, which is up 530%+ in 2025 so far, giving Chen and his wife a $9.1B net worth (Bloomberg)

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PitchBook: US AI and robotics VC deals are up over 4x since 2023 to $160B+ so far in 2025, while comparable China deals are just $10B+, up from $9.24B in 2023 (CNBC)

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Didi reports Q3 revenue up 8.6% YoY to ~$8.28B, a ~$211M net profit, and international revenue up 35% YoY to ~$558M, with a ~$240M adjusted loss (Reuters)

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Naver agrees to acquire Dunamu, which runs South Korea's biggest crypto exchange Upbit, in a $10.3B all-stock deal; Upbit has 80%+ market share in South Korea (Bloomberg)

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Malaysia's Johor state, which has approved 51 data centre projects as of November, stops approvals for new low-tier data centers citing high water consumption (The Star)

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Uber starts deploying fully driverless WeRide robotaxis in Abu Dhabi, after launching its robotaxi service with safety drivers in the UAE in December 2024 (Andrew J. Hawkins/The Verge)

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Counterpoint: Apple is set to overtake Samsung as the world's largest smartphone maker for the first time since 2011, lifted by the success of iPhone 17 models (Vlad Savov/Bloomberg)

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Japanese memory chipmaker Kioxia's stock falls 14%+ after a Bain Capital-backed entity sold $2.1B worth of shares at a discount, stoking AI valuation concerns (Bloomberg)

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Q&A with Sportable co-founders Dugald Macdonald and Peter Husemeyer on their sensor-based sports tech that generates data for teams, leagues, and broadcasters (Samuel Agini/Financial Times)

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Some food bloggers warn Google's AI Overviews and AI food pictures are burying their real, tested recipes, setting home cooks up for disaster this Thanksgiving (Bloomberg)

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watchTowr: 80K+ sensitive credentials were found via publicly accessible "Recent Links" pages on online code formatting tools JSONFormatter and CodeBeautify (Bill Toulas/BleepingComputer)

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Pony AI's Hong Kong-listed shares rose 6.7% after it said its Guangzhou operations had broken even per car, as it targets a 3,000+ global robotaxi fleet in 2026 (Linda Lew/Bloomberg)

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Aggressive traders on Robinhood, whose stock has more than tripled in 2025, are central to the company's success, as critics liken the environment to a casino (Hannah Erin Lang/Wall Street Journal)

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As Microsoft accelerates its AI buildout in rural Wisconsin, one community's vocal opposition led the company to withdraw plans for a proposed data center site (Jordan Novet/CNBC)

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MIT and Hugging Face study: the share of downloads of Chinese-made open AI models rose to 17% in the past year, surpassing US developers' 15.8% share, a first (Melissa Heikkilä/Financial Times)

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Charm.io: TikTok Shop reached $10B+ in US sales across 600K creators between January and October, up from $5B YoY; global sales are on par with eBay's (Emmett Lindner/New York Times)

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Foxconn plans to spend another $569M through 2029 to expand its AI server manufacturing site in Mount Pleasant, Wisconsin, adding to $717M invested through 2024 (Joe Schulz/WPR)

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Sources: a new network of super PACs plans to raise ~$50M to counter the Leading the Future super PAC and back candidates who prioritize AI regulations (Theodore Schleifer/New York Times)

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Filing: OpenAI denies liability in a lawsuit alleging ChatGPT gave suicide method information to a 16-year-old who died by suicide, arguing he misused ChatGPT (Angela Yang/NBC News)

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Robinhood plans to launch a futures and derivatives exchange with Susquehanna in 2026 and acquires MIAXdx, which clears and executes derivatives trades (Hannah Erin Lang/Wall Street Journal)

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How an indirect prompt injection can manipulate Google's Antigravity IDE to invoke a malicious browser subagent and exfiltrate data; Google is working on a fix (PromptArmor)

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Nvidia says it is "delighted by Google's success" but "Nvidia is a generation ahead", after a report that Meta could use Google's TPUs in its data centers (Kif Leswing/CNBC)

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Character.AI launches Stories, which lets users create interactive fiction and is the company's "first new format created specifically" for users under 18 (Amanda Silberling/TechCrunch)

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HP reports Q4 revenue up 4% YoY to $14.6B, forecasts FY 2026 profit below est., and plans to cut 4,000-6,000 jobs through FY 2028; HPQ drops 5%+ after hours (Dina Bass/Bloomberg)

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Dell reports Q3 revenue up 11% YoY to $27.01B, vs. $27.13B est., Infrastructure Solutions revenue up 24% to $14.1B, and Client Solutions revenue up 3% to $12.5B (Kif Leswing/CNBC)

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A US judge rules Kalshi's sports-betting contracts are subject to Nevada Gaming Commission enforcement; Kalshi argues they should be regulated only by the CFTC (Lydia Beyoud/Bloomberg)

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Documents: AI music startup Suno has spent $32M on compute power and just $2,000 on data, such as music, to train its model since January 2024 (Kristin Robinson/Billboard)

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Harmonic, an AI math startup co-founded by Vlad Tenev, raised a $120M Series C led by Ribbit at a $1.45B valuation, bringing its total funding to $295M (Krystal Hu/Reuters)

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Warner Music and AI music generator Suno strike a deal, settling previous litigation; Suno will launch licensed AI models and will acquire WMG's Songkick (Murray Stassen/Music Business Worldwide)

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Families of October 7 victims sue Binance and Changpeng Zhao in US federal court, alleging Binance facilitated millions in payments to Hamas after October 7 (Financial Times)

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OpenAI merges ChatGPT's voice mode directly into the main text chat interface by default; users can still switch back to the original, separate voice mode (Zac Hall/9to5Mac)

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Paxos acquires Fordefi, a New York-based startup that helps customers store their digital assets, for $100M+; PitchBook: Fordefi was last valued at $83M (Fortune)

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