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Yann LeCun says he is leaving Meta at the end of 2025 to build a new startup and continue his “Advanced Machine Intelligence research”, with Meta as a partner — Yann LeCun, an artificial intelligence pioneer who runs a research lab at Meta Platforms Inc., told employees … | Kif Leswing / CNBC: |
Nvidia reports Q3 revenue up 62% YoY to $57.01B, vs. $54.92B est., Data Center revenue up 66%, and forecasts Q4 revenue above est.; NVDA jumps 5%+ after hours — Nvidia reported fiscal third-quarter earnings and revenue that topped Wall Street expectations on Wednesday and provided stronger … | Tina Nguyen / The Verge: |
A draft EO shows President Trump plans to grant the federal government sole power to regulate AI and create an “AI Litigation Task Force” overseen by the AG — Trump is launching an all-out broadside against states with strict AI regulations — President Donald Trump … | Samantha Subin / CNBC: |
Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and agrees to buy Chronosphere for $3.35B — Palo Alto Networks beat Wall Street's fiscal first-quarter estimates after the bell on Wednesday and announced plans … | Mark Bergen / Bloomberg: |
Elon Musk says xAI plans to develop a 500-megawatt data center in Saudi Arabia with state-backed AI startup Humain; the data center will rely on Nvidia chips — Elon Musk said his xAI artificial intelligence startup plans to develop a 500 megawatt data center in Saudi Arabia … | Vaibhavi Khanwalkar / The Economic Times: |
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OpenAI unveils GPT-5.1-Codex-Max, saying it is “significantly better” at “long-horizon reasoning” and is the first model it has trained for Windows environments — ZDNET's key takeaways — Codex Max processes massive workloads through improved context handling.| Ashley Capoot / CNBC: |
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Nokia plans to split its AI operations into a separate unit from its telecom business, weeks after Nvidia invested $1B in Nokia; Nokia's stock closes down 6.98% — Split from telecoms operations comes as Finnish group pushes for growth from new technology — Nokia has unveiled plans … | Sergiu Gatlan / BleepingComputer: |
The US, the UK, and Australia sanction Russian bulletproof hosting provider Media Land, which provided services to cybercrime marketplaces and ransomware groups — Today, the United States, the United Kingdom, and Australia announced sanctions targeting Russian bulletproof hosting (BPH) … | Sidhartha Shukla / Bloomberg: |
Investors pulled $523M from BlackRock's IBIT bitcoin ETF on Tuesday, its largest single-day outflow since launch; BTC fell ~30% from its October all-time high — Investors pulled more than half a billion dollars from BlackRock Inc.'s iShares Bitcoin Trust, the largest single-day outflow since … | Ben Berkowitz / Axios: |
Ex-US Treasury Secretary Larry Summers and OpenAI say he has resigned from OpenAI's board, after a US House Committee released his emails with Jeffrey Epstein — Former Treasury secretary and Harvard president Larry Summers has resigned from the OpenAI board, he and the company told Axios … | Arasu Kannagi Basil / Reuters: |
Crypto exchange Kraken says it confidentially filed for a US IPO; on November 18, Kraken said it raised $200M at a $20B valuation, up 33% in under two months — Crypto exchange Kraken said on Wednesday it has confidentially filed for an initial public offering in the United States.| The Verge: |
The EU proposes changes to GDPR, including simplifying cookie permission pop-ups, and watering down a key part of the AI Act, after US and tech company pressure — The EU folds under Big Tech's pressure. … After years of staring down the world's biggest tech companies and setting the bar … | Lucas Shaw / Bloomberg: |
Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools — The world's largest music companies have licensed their works to a music startup called Klay, which is building a streaming service … | Anna Nicolaou / Financial Times: |
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Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% — Block said Wednesday that it expects gross profit to increase in the mid-teens annually for the next three years, reaching about $15.8 billion in 2028.| Yueqi Yang / The Information: |
Sources: Coinbase is preparing to launch a prediction market powered by Kalshi to allow its clients to bet on events such as elections and sports — Coinbase is preparing to launch a prediction market to allow its crypto clients to bet on events such as elections and sports, according to two people familiar with the matter.| Maria Curi / Axios: |
Sources: key White House officials are pressing lawmakers on Capitol Hill to keep AI chip export restrictions to China out of the annual defense policy bill — Key White House officials are pressing lawmakers on Capitol Hill to keep AI chip export restrictions to China out of the annual defense policy bill … | Kate Park / TechCrunch: |
Function Health, a health tracking tech company, raised a $298M Series B led by Redpoint Ventures at a $2.5B valuation, bringing its total funding to $350M — From electronic health records and blood tests to the stream of data from wearable devices, the amount of health information people generate is accelerating rapidly.| George Steer / Financial Times: |
Gloo, which develops AI tools for Christian churches and counts Pat Gelsinger as executive chair, closed up 1% in its Nasdaq debut after raising $73M in its IPO — Shares in company backed by former Intel chief Pat Gelsinger waver after scaled-back IPO — Shares in a company developing … | Bloomberg: |
Sources: ID verification startup Incode is in preliminary talks to raise between $150M and $300M at a valuation of up to $3B, up from a $1.25B valuation in 2021 — Incode Technologies Inc., an identity verification platform, is in preliminary talks to raise between $150 million and $300 million … | P.R. Venkat / Wall Street Journal: |
Lenovo reports Q2 revenue up 15% YoY to $20.45B, vs. $20B est., net profit down 5% to $340M, vs. $382M est., but adjusted net profit up 25% to $512M — Revenue for the three months ended Sept. 30 increased 15% — Lenovo Group's revenue rose sharply in the second quarter … | Reuters: |
Sources: US officials are privately saying they might not levy semiconductor tariffs soon, as the Trump administration takes a more cautious approach with China — - Officials see potential delay in semiconductor tariffs — White House official denies policy change| Bloomberg: |
The Dutch government suspends its powers over chipmaker Nexperia, restoring control to its Chinese owner; a Dutch minister says the move is “a show of goodwill” — The Dutch government suspended its powers over chipmaker Nexperia, handing back control to its Chinese owner … | Todd Spangler / Variety: |
Amazon launches a Video Recaps feature on Prime Video that uses AI to summarize a show's key plot points with snippets and music, available in beta for US users — Feature debuts after streamer introduced text-based AI recaps last year … Now Amazon is using AI to add sight, sound and motion to the mix.| Mike Wheatley / SiliconANGLE: |
Meta releases SAM 3, a model for object detection, segmentation, and tracking in images and videos, and SAM 3D, which can reconstruct objects and humans in 3D — Meta Platforms Inc. today is expanding its suite of open-source Segment Anything computer vision models with the release of SAM 3 and SAM 3D … | Mike Wheatley / SiliconANGLE: |
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