| Mark Gurman / Bloomberg: |
Sources: Apple plans to pay Google about $1B per year for a 1.2T-parameter Gemini model to help power the new Siri, which is on track for next spring — Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter artificial intelligence model developed … | Annie Palmer / CNBC: |
Sens. Mark Warner and Josh Hawley introduce a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts — A new bipartisan bill seeks to provide a “clear picture” of how artificial intelligence is affecting the American workforce.| Berber Jin / Wall Street Journal: |
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government might backstop the financing of data center deals — Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments| Bloomberg: |
Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity — Snap Inc. shares surged more than 25% in extended trading after the company announced a $400 million partnership with Perplexity AI Inc … | Jonathan Vanian / CNBC: |
| Jordan Novet / CNBC: |
Figma reports Q3 revenue up 38% YoY to $274.2M, vs. $265.2M est., adjusted operating margin of 12%, vs. 6.5% est., and forecasts Q4 revenue above estimates — Design software maker Figma on Wednesday reported stronger-than-expected third-quarter revenue and quarterly revenue guidance.| Ari Levy / CNBC: |
Qualcomm reports Q4 revenue up 10% to $11.27B, vs. $10.79B est., handsets revenue up 14% to $6.96B, and forecasts Q1 revenue above estimates — Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.| Abner Li / 9to5Google: |
Google says Gemini Deep Research can now directly draw on information stored in users' Gmail, Drive, and Chat to create reports — After adding PDF support in May, Gemini Deep Research can now directly tap information stored in your Gmail and Google Chat conversations, as well as Google Drive files.| Isabelle Bousquette / Wall Street Journal: |
Quantinuum unveils Helios, a quantum computer with 98 physical qubits, from which it can deliver 48 logical error-corrected qubits, an impressive 2:1 ratio — Quantinuum unveils its latest system, Helios, inching the industry toward the day the technology will deliver meaningful commercial value| MacKenzie Sigalos / CNBC: |
Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M — Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.| Nikou Asgari / Financial Times: |
Crypto company Ripple raised $500M from Citadel, Fortress, and others at a $40B valuation and says payments made on its platform passed $95B so far in 2025 — $500mn investment round underlines appetite for stablecoin payments sector — Ripple has raised $500mn from investors including … | Abner Li / 9to5Google: |
Google says Maps will get Gemini instead of Assistant on Android and iOS, offering a “hands-free, conversational driving experience”, in the “coming weeks” — In Google Maps, Gemini already exists in place listings, and it's now coming to the navigation experience on Android and iOS.| Ian King / Bloomberg: |
Arm reports Q2 revenue up 34% YoY to $1.14B, royalty revenue up 21% YoY to $620M, vs. $586M est., and forecasts Q3 revenue above est.; ARM jumps 4%+ after hours — Arm Holdings Plc, which provides the most widely used technology in computing processors, gave a bullish revenue forecast … | Chris Eudaily / CNBC: |
DoorDash reports Q3 revenue up 27% YoY to $3.45B, vs. $3.36B est., and total orders up 21% to 776M, vs. 770.13M est.; DASH drops 18%+ after hours — DoorDash reported third-quarter earnings that missed analyst expectations and said it expects to spend “several hundred million dollars” on new initiatives and development in 2026.| Reuters: |
Bumble reports Q3 revenue down 10% YoY to $246.2M, total paying users down 16% to 3.6M, and forecasts Q4 revenue below estimates; BMBL falls 15%+ after hours — Bumble (BMBL.O) forecast fourth-quarter revenue below analysts' expectations on Wednesday, underscoring the challenges facing … | Akash Sriram / Reuters: |
Lyft reports Q3 revenue of $1.69B, up 10.7% YoY, vs. 11.5% est., adjusted EBITDA of $138.9M, vs. $140M est., and forecasts Q4 gross bookings above estimates — - Lyft's high-margin premium rides grow 50% in Q3 — Freenow acquisition to add 6 million riders by 2026| Sujeet Indap / Financial Times: |
Sources: Charles Schwab is expected to announce a deal to acquire Forge Global, a leading platform for trading stakes in private startups, for as much as $600M — Move reflects growing investor demand for stakes in private companies as valuations soar — Charles Schwab is expected … | Jake Pearson / ProPublica: |
Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies — The Trump administration's gutting of the Consumer Financial Protection Bureau has been good for venture capitalists like Andreessen … | Richard Nieva / Forbes: |
A look at Bret Taylor's AI agent startup Sierra as it launches new products; source: Sierra is on track to exceed $100M in annualized revenue by January 2026 — Bret Taylor and Clay Bavor have sterling Silicon Valley pedigrees, with leadership roles at the biggest tech companies in the world.| Ash Parrish / The Verge: |
Sony rolls out PlayStation Portal cloud streaming, letting PlayStation Premium Plus members stream select titles without a PS5 connection, in testing since 2024 — Cloud streaming PS5 games to your PlayStation Portal is out of beta, and includes streaming for some games you own.| OpenAI: |
OpenAI says it now has 1M+ business customers globally, with ChatGPT for Work seats up 40% in two months to 7M+ and ChatGPT Enterprise seats up 9x YoY — Customers such as Amgen, Commonwealth Bank, Booking.com, Cisco, Lowe's, Morgan Stanley, T-Mobile, Target, and Thermo Fisher Scientific … | Mike Scarcella / Reuters: |
Google and Epic Games settle Epic's 2020 antitrust lawsuit, with Android and Google Play changes to expand competition and choice, pending a US judge's approval — Alphabet's (GOOGL.O) Google said on Tuesday it has reached a comprehensive U.S. court settlement with “Fortnite” … | Sharon Goldman / Fortune: |
A profile of OpenAI President Greg Brockman and his role in the company's $1.4T infrastructure buildout that's required to reach AGI — Greg Brockman, cofounder and president of OpenAI — In early October, OpenAI president Greg Brockman and AMD CEO Lisa Su made the rounds of TV news shows … | Julian Chokkattu / Wired: |
Sandbar introduces Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, preorder now from $249 and shipping in summer 2026 — A new company called Sandbar has unveiled a smart wearable called Stream Ring, which uses a microphone to record your softly spoken thoughts.| Alex Heath / Sources: |
Inside Kalshi's NYC HQ on election night, as it handled ~$100M in trades on the mayoral race that day, calling it for Mamdani 36 minutes before any media outlet — Election night at Kalshi HQ Inside Kalshi's quiet Manhattan office on election night, co-founder Tarek Mansour showed … | Reuters: |
Sources: the Chinese government issues guidance requiring new data center projects that have received any state funds to only use domestically made AI chips — - Order likely to affect U.S. chipmakers Nvidia, AMD, Intel — Beijing trying to cultivate domestic AI chipmakers like Huawei| Samantha Subin / CNBC: |
Armis, which helps businesses secure and manage IoT devices, raised $435M at a $6.1B valuation led by Goldman Sachs Alternatives, up from $4.2B in October 2024 — Cybersecurity startup Armis has raised $435 million in a funding round that values the company at $6.1 billion.| Luke Kawa / Sherwood News: |
AppLovin reports Q3 revenue up 68% YoY to $1.41B, vs. $1.34B est., and forecasts Q4 revenue and adjusted EBITDA above estimates; APP jumps 6%+ after hours — AppLovin rose after the adtech company reported top- and bottom-line results that modestly exceeded expectations … | Wall Street Journal: |
France begins the process to suspend Shein, giving the company 48 hours to show it has scrubbed its site of illegal products, like sex dolls resembling children — The order came as the Chinese-founded platform opened its first permanent store in Paris — The French government moved …
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| Rick Porter / The Hollywood Reporter: |
| Paayal Zaveri / Bloomberg: |
| Isabella Simonetti / Wall Street Journal: |
| Financial Times: |
| The Intercept: |