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November 1, 2025, 1:05 AM
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Top News

Bloomberg:
Brian Armstrong ended Coinbase's Q3 earnings call by saying certain words that Kalshi and Polymarket users had wagered would be mentioned during the call  —  When Coinbase Global Inc.'s quarterly earnings call wrapped up Thursday, its chief executive, Brian Armstrong, didn't finish with profit guidance or statements of confidence.
Carmen Arroyo / Bloomberg:
Tech companies, including Meta and xAI, are using SPVs to raise tens of billions for AI data centers, letting them keep the debt off their balance sheets  —  Just this month, Meta Platforms Inc. has secured about $60 billion in capital to build data centers, part of its spending to get ahead in the artificial intelligence race.
Meghan Bobrowsky / Wall Street Journal:
In their latest earnings reports, Meta, Alphabet, Microsoft, and Amazon have announced plans to increase their AI spending in 2026 to a combined $400B  —  Meta, Alphabet, Microsoft and Amazon will increase spending in 2026; ‘Are we in a bubble?’  —  Silicon Valley's biggest companies …
Sarah Perez / TechCrunch:
Bluesky says it has hit 40M users and plans to launch “dislikes” in beta to tailor content rankings and reply rankings  —  Social network Bluesky, which on Friday announced a new milestone of 40 million users, will soon start testing “dislikes” as a way to improve personalization on its main Discover feed and others.
Claudie Moreau / Euractiv:
Denmark says it will withdraw the EU “Chat Control” proposal, which would force tech companies to scan messages for CSAM, and instead support voluntary scanning  —  The Danes will seek to propose a voluntary detection regime in the CSAM proposal, instead of controversial mandatory detection orders
Matt Rosoff / The Register:
Microsoft's Q1 earnings, showing that it had a $3.1B net loss from its OpenAI stake, imply OpenAI lost $11.5B during the quarter based on Microsoft's 27% stake  —  Satya has also delivered Sam most of the cash he promised  —  Microsoft reported earnings for the quarter ended Sept. 30 …
Emma Roth / The Verge:
Perplexity launches a free AI-powered patent research tool in beta to let users search for patents using natural language queries  —  Instead of searching for a string of keywords, Perplexity's new tool allows you to use natural language to look for patents.
Kritika Lamba / Reuters:
Getty and Perplexity sign a multi-year licensing agreement to let the AI startup display Getty's images across its search and discovery tools  —  Getty Images (GETY.N) and Perplexity signed a global multi-year licensing agreement on Friday, allowing the AI startup to display …
RT Watson / The Block:
Tether reports that it has generated profits of over $10B during the first three quarters of 2025 and it has issued an additional $17B in USDT during Q3  —  - The world's largest stablecoin issuer reported that it has generated profits of over $10 billion during the first three quarters of this year.
Mary Ann Azevedo / Crunchbase News:
Archy, which offers AI-powered dental practice management software, raised a $20M Series B led by TCV, bringing its total funding to $47M  —  It was 2021 and Jonathan Rat was tired of seeing his wife, a dentist, struggle to maintain the tech stack at her practice.
More: Archy
Elaine Pofeldt / Forbes:
Lettuce Financial, which offers an accounting, payroll, benefits, and tax compliance service for one-person businesses, raised $28M led by Zeev  —  How to break $1M in revenue in a business staffed only by the owners  —  Lettuce Financial, a San Francisco-based fintech platform for solopreneurs …

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From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

More News

Chris Metinko / Axios:
New York-based Kaizen, which provides a commerce platform for government agencies to offer services like utility billing, raised a $21M Series A led by NEA
Patrick Coffee / Wall Street Journal:
Google releases its first AI-generated ad, promoting Search's AI mode, but chooses not to include a label disclosing it was made with Veo 3 and other tools

Earlier Picks

Reuters:
Nvidia CEO Jensen Huang says he still hopes to sell the company's Blackwell chips to China “someday”, but points out the decision is up to President Trump
Reuters:
Letter: Nexperia suspends supplies of wafers to its Chinese assembly plant, citing a failure to “comply with the agreed contractual payment terms”
Todd Bishop / GeekWire:
Amazon reports a $9.5B pre-tax gain from its investment in Anthropic, which was included in the company's non-operating income for Q3
Olga Kharif / Bloomberg:
Coinbase reports Q3 revenue up 55% YoY to $1.9B, vs. $1.8B est., net income up 473% to $433M, and trading volume up 59% to $295B
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