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November 18, 2025, 9:20 AM
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memeorandum
WeSmirchTop News
| Andrew Griffin / The Independent: |
Cloudflare says “the issue has been identified and a fix is being implemented”, hours after a major outage impacted X, ChatGPT, and others starting at 11:48 UTC — Outage comes around a month after Amazon Web Services outage also took much of the internet offline
More: Cloudflare Status, BBC, Tom's Hardware, 9to5Mac, Windows Central, Wall Street Journal, TechCrunch, Fox Business, Investor's Business Daily, The Verge, Forbes, Moneycontrol, Livemint, RTÉ, PCMag, Business Insider, Engadget, Bloomberg, The Sun, Windows Central, South China Morning Post, Bloomberg Law, Global News, Tom's Guide, TechRadar, Deadline, PC Gamer, Android Central, Financial Times, City A.M., Syracuse Post-Standard, Associated Press, OpenAI, New York Post, Techpoint Africa, Beebom, New York Times, Yahoo Finance, TechCabal, Mashable, The Indian Express, GB News, The US Sun, israelhayom.com, ITPro, Washington Times, al.com, CBS News, IGN, WPXI-TV, The Nation Newspaper, Just Jared, and Android Authority
X: @aaronp613, @amuse, @liron, @netblocks, @fkadev, @tomwarren, @chribjel, and @pzrsaa. Bluesky: @davidgerard.co.uk. Mastodon: @cloudflare@noc.social
| BBC: |
Sundar Pichai says the AI boom has some “irrationality”, tech's investment cycles can “overshoot”, and “no company is going to be immune” to the bubble bursting — In an exclusive BBC interview, Sundar Pichai hailed artificial intelligence as an …
More: Axios, BBC, Bloomberg, Benzinga, Gulf News, ITPro, Moneycontrol, Implicator.ai, Agence France-Presse, EasternEye, Business Standard, NDTV Profit, PC Gamer, Sherwood News, Livemint, City A.M., The Guardian, israelhayom.com, Tech Xplore, TipRanks Financial, and Sharecast
Forums: Hacker News, r/wallstreetbets, r/Economics, r/TrueAnon, r/economicCollapse, r/news, r/ireland, r/technews, and r/technology
| xAI: |
xAI unveils Grok 4.1, saying its hallucination rate is 3x less compared to its previous models and Grok 4.1 Thinking holds the top spot on LMArena's Text Arena — Grok 4.1 is now available to all users on grok.com, 𝕏, and the iOS and Android apps. It is rolling out immediately …
More: Livemint, Gizmodo, BleepingComputer, xAI, Tom's Guide, NDTV Profit, Moneycontrol, The Decoder, Digit, Dataconomy, WinBuzzer, Implicator.ai, The Verge, TestingCatalog, Analytics India Magazine, and Notebookcheck
X: @arena, @elonmusk, @ai_for_success, @nearlydaniel, @miles_brundage, @zeffmax, @yiwenyuan98, @billyuchenlin, @leothecurious, @arena, @xai, @arena, @litianleli, @minimaxir, @chrisparkx, @yuhu_ai_, @mark_k, @scaling01, @adityagupta, @koltregaskes, @thekitze, @flavioad, and @mark_k. Bluesky: @olaindeach.oddling.nl
Forums: Hacker News and r/MyBoyfriendIsAI
| Financial Times: |
CoinGecko: the total market value of 18K+ crypto coins is down 25% since October 6, wiping out ~$1.2T; bitcoin fell 28% to $89.5K, its lowest level since April — Bitcoin drops 28% in six weeks as worries over AI stocks spill into digital assets and high-octane bets backfire
More: Bloomberg, Bloomberg, Bloomberg, Reuters, Silicon Republic, CoinDesk, The Block, Blockchain.News, Cointelegraph, crypto.news, Telegraph, and CNBC. Bluesky: @beneltham
| Reuters: |
Xiaomi reports Q3 revenue up 22.3% YoY to ~$15.9B, below ~$16.4B est., and net profit up 80.9% YoY to ~$1.59B, above ~$1.5B est., driven by AI and EV revenue — China's Xiaomi (1810.HK) reported a 80.9% jump in third-quarter profit on Tuesday as the world's third-largest smartphone maker doubled … | The Information: |
Sources: Mira Murati's Thinking Machines Lab is in talks with potential investors to raise about $5B and is aiming for a valuation of at least $50B — Thinking Machines Lab, the artificial intelligence developer co-founded by ex-OpenAI Chief Technology Officer Mira Murati …
| Sarah Perez / TechCrunch: |
Mastodon founder and CEO Eugen Rochko steps down from the decentralized social network as part of its transition to a nonprofit structure governed by a board — Mastodon's creator, Eugen Rochko, is stepping down as CEO of the open source, decentralized social network and X rival … | The Information: |
Sources: Databricks is in talks to raise funds at a $130B+ valuation, up about 30% from September when it raised a $1B Series K at a $100B valuation — Databricks, a database provider whose tools help customers develop and use AI, is in talks to raise money at a valuation of more than $130 billion …
More: Benzinga, TechCrunch, Proactive, Bloomberg, Reuters, Yahoo Finance, and The Economic Times. X: @katie_roof
| Samuel Stolton / Bloomberg: |
The EU Commission opens an investigation into AWS and Azure to determine whether they should fall under the DMA and says they “occupy very strong positions” — Amazon Web Services and Microsoft Corp.'s Azure are under investigation by the European Union to determine whether …
More: Associated Press, European Commission, Windows Report, Seeking Alpha, Euractiv, and Dow Jones Newswires
X: @hennavirkkunen and @eu_competition
Bluesky: @coricrider.com and @gateklons
| Stephen Nellis / Reuters: |
GlobalFoundries acquires Advanced Micro Foundry, a Singapore-based silicon photonics foundry, for an undisclosed sum, and plans a new R&D center in Singapore — Chip manufacturer GlobalFoundries (GFS.O) said on Monday it has acquired Advanced Micro Foundry (AMF), a Singapore-based chipmaker …
More: Tom's Hardware, DigiTimes, GlobalFoundries, The Business Times, and The Straits Times. X: @globalfoundries
| Steven Rosenbush / Wall Street Journal: |
OpenAI and Intuit sign a multiyear deal, set to generate $100M+ in OpenAI revenue, in which Intuit will deepen its use of OpenAI models and launch ChatGPT apps — Intuit sees the opportunity to expose its products, such as TurboxTax and QuickBooks, to a broader range of potential users on ChatGPT
More: Financial Times, TechCrunch, Bloomberg, Benzinga, Axios, CNBC, Blockonomi, and Intuit Inc.. Forums: r/wallstreetbets
| @artificialanlys: |
Artificial Analysis announces AA-Omniscience, a benchmark for knowledge and hallucination across 40+ topics; Claude 4.1 Opus takes first place in its key metric — Announcing AA-Omniscience, our new benchmark for knowledge and hallucination across >40 topics, where all but three models are more likely to hallucinate than give a correct answer Embedded knowledge in language models is important for many real world use cases. Without [image]| Bloomberg: |
Amazon raised $15B in its first US dollar bond offering in three years; sources say the proceeds will be used for acquisitions, capex, share buybacks, and more — Amazon.com Inc. raised $15 billion in its first US dollar bond offering in three years, adding to a spree of jumbo debt sales …
More: The Japan News, Benzinga, Australian Financial Review, Watcher Guru, The Information, ZeroHedge News, Wall Street Journal, Financial Times, Sherwood News, and Reuters
X: @jimcramer, @jimcramer, and @zerohedge. LinkedIn: Gerson Freitas Jr. Bluesky: @quinnypig.com. Forums: r/StockMarket
| Samantha Subin / CNBC: |
Klarna reports Q3 revenue up 26% YoY to $903M, above $882M est., a $95M net loss, and expects $1B+ revenue in Q4, in its first post-IPO earnings release — Klarna topped Wall Street third-quarter revenue expectations in its first earnings report after debuting on the New York Stock Exchange in September.| Bloomberg: |
PDD, which owns Pinduoduo and Temu, reports Q3 revenue up 9% YoY to ~$15.2B, above ~$15.1B est., and net income up 17% YoY to ~$4.1B, as it weathers US tariffs — PDD Holdings Inc. warned of a slowdown in an intensively competitive Chinese consumption environment, reflecting an escalating battle … | Josh Sisco / Bloomberg: |
Filing: the US FTC ends its review of SoftBank's $6.5B acquisition of chip designer Ampere, granting an early termination; SoftBank announced the deal in March — The US Federal Trade Commission has ended its review of SoftBank Group Corp.'s acquisition of semiconductor designer Ampere Computing LLC … | Financial Times: |
Sources: Larry Ellison is overhauling a £10B science initiative in Oxford after clashing with President John Bell, who left in September, and COO Lisa Flashner — Trump-supporting billionaire narrows EIT's ambitions by cutting initiatives and tightening control| Belle Lin / Wall Street Journal: |
Lambda, which rents access to AI chips, raised a $1.5B Series E led by TWG Global, after raising $500M in April 2024, taking its total funding to $2.3B — The fundraise will help the startup build its own data centers as the AI infrastructure boom shows no signs of letting up| Jay Peters / The Verge: |
Roblox plans to require all users to undergo an age estimation process to access chat features, starting January 2026, in an effort to enhance child safety — After scrutiny over its ability to protect children on the platform, Roblox is making a big change.
More: iTnews, 9to5Mac, The Guardian, CNN, TechCrunch, Engadget, Reuters, Associated Press, Roblox, The Independent, CBS News, Variety, Bloomberg, Mashable, and Biometric Update
| Zheping Huang / Bloomberg: |
Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership — Baidu Inc. posted its biggest quarterly revenue slide on record, highlighting a weakening advertising business while it tries to keep up in the artificial intelligence race.| Martin Arnold / Financial Times: |
The UK CMA opens probes into StubHub, Viagogo, and others over allegedly deceptive online pricing practices; the UK plans to ban above face value ticket resales — CMA opens investigations into eight companies including ticketing websites StubHub and Viagogo| Nilay Patel / The Verge: |
Q&A with Ring founder Jamie Siminoff on returning to Amazon post-burnout, his goal to “zero out crime”, privacy and the “surveillance panopticon”, and more — Today I'm talking with Jamie Siminoff, founder of Ring, the video doorbell and security company.Sponsor Posts
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