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November 12, 2025, 8:00 AM
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Top News

BBC:
The UK proposes an amendment to the Crime and Policing Bill allowing “authorized testers” to proactively assess AI models for their ability to generate CSAM  —  A new law will allow authorised testers to assess AI models for their ability to generate abuse material
Chris Bryant / Bloomberg:
Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt  —  Costing tens of thousands of dollars each, Nvidia Corp.'s pioneering AI chips make up a hefty chunk of the $400 billion …
Robert Hart / The Verge:
Google unveils Private AI Compute, a cloud platform providing a “secure, fortified space” to run AI tools on devices, similar to Apple's Private Cloud Compute  —  Google says Private AI Compute maintains privacy while tapping cloud resources.
Financial Times:
Google files a lawsuit in the SDNY against a group of China-based hackers that it says run the Lighthouse platform for “phishing services”, stealing $1B+  —  Tech giant aims to dismantle the ‘Lighthouse Enterprise’, which it claims has tricked 1mn victims out of $1bn
Bloomberg:
China says the December 2020 theft of 127,272 bitcoin, now worth ~$13B, from Chinese mining pool LuBian is likely a “state-level hacker operation” led by the US  —  China's cybersecurity agency accused the American government of orchestrating the theft about $13 billion worth of Bitcoin …
Ian King / Bloomberg:
AMD CEO Lisa Su says AMD's annual revenue growth will average more than 35% and AI data center revenue growth will average 80% over the next three to five years  —  Advanced Micro Devices Inc., Nvidia Corp.'s nearest rival in AI chips, predicted accelerating sales growth over the next five years …
James Hunt / The Block:
SoFi launches SoFi Crypto, saying it is the first nationally chartered bank in the US to offer crypto trading to consumers, rolling out in phases  —  - SoFi has launched SoFi Crypto to offer crypto trading for consumers, the first directly integrated crypto offering under its national bank charter.
Ivan Mehta / TechCrunch:
Google unveils new features for Pixel phones, including AI-powered notification summaries, notification prioritization, and AI photo edits in Messages  —  Google announced its November software update for Pixel phones, called Pixel Drop — a quarterly feature release that brings new capabilities …
Elyse Betters Picaro / ZDNET:
Google rolls out Nano Banana image editing upgrades in Photos, including a “help me edit” feature that lets users make edits using text or voice prompts
Lizette Chapman / Bloomberg:
Maryland-based Forterra, an autonomous military vehicle software startup founded in 2002, raised $238M, including $50M in debt, at a $1B+ valuation  —  Moore Strategic Ventures, Franklin Templeton and others have invested $238 million in Forterra.  —  Forterra, a startup that makes autonomous technology …
Sean O'Kane / TechCrunch:
Boston-based Teradar, which aims to launch a solid-state sensor for autonomous cars in 2028 that it says can outperform lidar and radar, raised a $150M Series B  —  Matt Carey, the co-founder and CEO of Boston-based startup Teradar loves when people tell him: “I don't believe you.”
More: Reuters
Ashley Capoot / CNBC:
CoreWeave closed down 16% after CEO Mike Intrator admitted delays at a data center developer that Jim Cramer implied may be Core Scientific; CORZ fell 10%+  —  CoreWeave shares closed down 16% on Tuesday after CEO Mike Intrator addressed delays at a third-party data center developer …
More: Benzinga and Runtime
Bluesky: @teroterotero, @edzitron.com, and @garymarcus.  Mastodon: @carnage4life@mas.to.  Forums: r/wallstreetbets
Karmela Padavic-Callaghan / New Scientist:
IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations  —  IBM revealed two new quantum computers, called Loon and Nighthawk - the qubits they use are connected in newly intricate ways …
Financial Times:
Sony unveils a cheaper, Japan-only PlayStation 5 Digital Edition for ~$350, a ~25% discount, following a similar move by Nintendo with the Switch 2  —  Sony is launching a cut-price model of its flagship PlayStation 5 to be sold only in Japan, in an inflation-busting move to boost sales …
Steve Dent / Engadget:
Sony says the PlayStation 5 has sold a total of 84.2M units since its launch in November 2020, including 3.9M units sold in Q2, up from 3.8M in Q2 2024

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From Mediagazer

New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount's proposal had a “full backstop” but it “does not, and never has”

Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified

Associated Press:
A US federal judge denied Sarah Palin's bid for a new libel trial against the NYT and rejected her motion for his recusal, after a jury found no libel in April

More News

Earlier Picks

Sarah Perez / TechCrunch:
Threads adds new features for podcasters, as it tries to become the de facto place for people to talk about shows and engage with creators
Ben Weiss / Fortune:
Coinbase confirms that it has called off acquisition talks with stablecoin infra startup BVNK; reports previously put the acquisition price around $2B
Todd Spangler / Variety:
ElevenLabs launches an Iconic Voice Marketplace for licensing AI versions of famous voices, such as Michael Caine's; Matthew McConaughey invests in the company
Upmanyu Trivedi / Bloomberg:
A UK judge sentences a Chinese woman to 11 years and eight months in prison for laundering bitcoin linked to a $5.6B investment scheme; the UK seized 61K BTC
David Keohane / Financial Times:
SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est.
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