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Tue Nov 25
Filing: Reddit says in its lawsuit against Australia's social media ban that it is "a collection of public fora" and social interaction isn't its "sole purpose" (Lauren Edmonds/Business Insider)
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US volunteer fire departments are scrambling to find software amid shrinking options and higher costs, as companies backed by private equity dominate the market (Mike Baker/New York Times)
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How David Sacks and AI adviser Sriram Krishnan overcame the opposition to Trump's AI EO, reaching out to lawmakers and finally modifying the text of the order (Washington Post)
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Interviews with copywriters on generative AI's impact: their work used for training, layoffs, wages and rates in free fall, freelancers losing clients, and more (Brian Merchant/Blood in the Machine)
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AI image generators like Nano Banana have increased realism by mimicking phone camera traits in contrast, exposure, and sharpening to avoid the uncanny valley (Allison Johnson/The Verge)
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How Nvidia's lobbying efforts grew after Howard Lutnick brokered Jensen Huang's access to Trump, ending with the president's approval of the H200 sales to China (Financial Times)
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Filing: Oracle signed ~$150B of data center leases in the three months ending November 30, raising its total data center and cloud capacity commitments to $248B (Martin Peers/The Information)
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A look at iRobot, founded in 1990, and its slow collapse after US regulatory pressure killed Amazon's $1.7B deal in 2024 amid increased Chinese competition (Connie Loizos/TechCrunch)
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Investigation: after Trump's return to office, the SEC eased up on or dismissed 60%+ of ongoing crypto cases, including ones involving Trump-linked companies (New York Times)
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How the UAE's growing interest in crypto drew Michael Saylor, Changpeng Zhao, and other executives to Abu Dhabi, hoping to secure deals with Emirati investors (Angus Berwick/Wall Street Journal)
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An interview with Marcos Galperin, CEO of MercadoLibre, which has a $105B market cap, on his upcoming resignation, MercadoLibre's rivalry with Amazon, and more (Bloomberg)
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iRobot files for Chapter 11 bankruptcy after reaching a restructuring agreement to hand control to secured lender and key Chinese supplier Shenzhen Picea (Bloomberg)
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How Skövde, a small Swedish city of 58,000, built a local video game ecosystem via a degree for game developers at University of Skövde and a startup incubator (Ralph Jones/The Guardian)
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A look at the efforts to open private markets, where shares of startups like OpenAI trade, to small investors, and the opportunities and risks they bring (Corrie Driebusch/Wall Street Journal)
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Delivery Hero Chair Kristin Skogen Lund backs CEO Niklas Östberg as the group explores asset sales amid shareholder pressure over its falling stock price (Kieran Smith/Financial Times)
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Exor rejects Tether's all-cash offer for its 65.4% controlling stake in Juventus, which valued the Italian soccer club at €1.1B (Zack Abrams/The Block)
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Solve Intelligence, which offers generative AI tools to law firms for IP and patent law work, raised a $40M Series B, bringing its total funding to $55M (Mike Butcher/Pathfounders)
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A look at Trump's AI Executive Order and how its interstate commerce argument could backfire by invalidating laws in GOP states targeting "Big Tech censorship" (Mike Masnick/Techdirt)
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A profile of ASML, Europe's most valuable company, as it prepares for a transition to High NA EUV, with high-volume manufacturing expected in 2027 and 2028 (Bloomberg)
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Crypto casinos have become online gambling havens for teens and problem gamblers, propped up by operators who turn social media influencers into recruiters (New York Times)
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Esusu, which offers a rent reporting API used by Zillow, banks, and others to help renters build credit scores, raised a $50M Series C at a $1.2B valuation (Krysta Escobar/CNBC)
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Prime Security, which develops AI agents that help with security design during software development, raised a $20M Series A led by Scale Venture Partners (Chris Metinko/Axios)
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SuperCircle, which offers an AI-powered reverse logistics and recycling management service for retail brands, raised a $24M+ Series A led by Foundry Group (Duncan Riley/SiliconANGLE)
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Amazon rolls out Ask This Book to the Kindle iOS app, letting readers ask questions about plot or characters; authors can't opt out (Will McCurdy/PCMag)
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Qargo, which offers a cloud-based transport management service for carriers, freight forwarders, and third-party logistics, raised a $33M Series B led by Sofina (Tamara Djurickovic/Tech.eu)
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Outset, which develops AI agents that help Microsoft and other companies conduct customer research and surveys, raised a $30M Series B led by Radical Ventures (Chris Metinko/Axios)
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Sources: OpenAI told staff it was ending the six-month "vesting cliff" that required new employees to work for at least six months before their equity vests (Wall Street Journal)
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Sources: ServiceNow is in advanced talks to buy Armis, which helps businesses secure and manage IoT devices, in a deal that may value Armis at as much as $7B (Bloomberg)
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The US CFTC withdraws its 2020 guidance on the "actual delivery" of a digital asset, aiming to support broader access to regulated crypto markets (Micah Zimmerman/Bitcoin Magazine)
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Q&A with Microsoft AI CEO Mustafa Suleyman on defining superintelligence, its application in the medical field, universal basic income, regulation, and more (Mishal Husain/Bloomberg)
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Despite talk of an existential US-China AI race, the Chinese state and its major companies are spending more to dominate other domains, such as EVs and robotics (Tim Wu/Financial Times)
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To build more powerful AI systems, some AI leaders are focusing on pursuing an approach called continual learning, which mimics how people learn over time (Shirin Ghaffary/Bloomberg)
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A University of Cambridge analysis reveals how cheap SMS text message verification to create online accounts fuels global influence and manipulation campaigns (Clive Cookson/Financial Times)
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The AI boom is delaying US municipal projects, as ~$4T in AI infra spending through 2030 shifts skilled construction workers to AI data centers (Brooke Sutherland/Bloomberg)
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How Oracle's massive Stargate deal with OpenAI has pushed Oracle to the center of the AI boom, turning its market cap into a barometer on AI sentiment (Bloomberg)
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Blowback over posts about the death of Charlie Kirk has prompted companies to be more aggressive about monitoring employees' social media activity (Taylor Telford/Washington Post)
1w
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A look at Netflix House in Philadelphia, a new 100K sq. ft. location for in-person experiences, which resembles a Disneyland attraction and a Dave & Buster's (Sarah Holder/Bloomberg)
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Sources: The Trump administration is drafting a new cyber strategy that would enlist private companies to mount offensive cyberattacks on foreign adversaries (Jamie Tarabay/Bloomberg)
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Sources: private capital giant Apollo Global has shorted loans and rapidly cut exposure to the enterprise software sector in 2025 amid concerns over AI threat (Financial Times)
1w
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A profile of Nex, which makes the $249 Nex Playground motion-based gaming system targeted toward kids and projects more than $150M of sales this year (Ben Cohen/Wall Street Journal)
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OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok (Financial Times)
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Broadcom's shares fell 11% on December 12, their biggest single-day drop since January, after the company's AI sales outlook fell short of investor expectations (Dina Bass/Bloomberg)
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Indian IT giant TCS agrees to acquire Coastal Cloud, a Florida-based Salesforce consulting partner, for $700M, in a bid to boost its AI and US customer business (Mark Haranas/CRN)
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Cisco's stock touched a new record high of $80.25 on December 10, surpassing its previous split-adjusted high of $80.06 on March 27, 2000; CSCO is up 31.64% YTD (Robin Wigglesworth/Financial Times)
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Seagate and Western Digital, with stocks each up 200%+ in 2025, will join Nasdaq 100 before the December 22 market open; GlobalFoundries will leave the index (Isabelle Lee/Bloomberg)
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In a letter to the Trump administration, the GOP Senatorial Committee Chair Sen. Tim Scott said the Netflix-WBD deal raises "significant antitrust problems" (Semafor)
1w
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Google has removed dozens of AI videos from YouTube that depicted Disney characters, after Disney sent a cease-and-desist letter flagging the links (Gene Maddaus/Variety)
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Microsoft expands its bug bounty program so that any critical vulnerability, including in third-party code, impacting its online services is eligible for awards (Duncan Riley/SiliconANGLE)
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OpenAI quietly adopted Anthropic's "skills" mechanism in ChatGPT and Codex; ChatGPT's skills include creating and modifying spreadsheets, docx files, and PDFs (Simon Willison/Simon Willison's Weblog)
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Internal message: SpaceX has authorized an insider share sale at $421/share, valuing the company at ~$800B, and said it's preparing for a possible IPO in 2026 (Loren Grush/Bloomberg)
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