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Techmeme
November 27, 2025, 4:29 AM
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Top News

Emily Nicolle / Bloomberg:
The S&P downgrades the ability of Tether's USDT to maintain its US dollar peg to “weak”, the lowest rating, citing exposure to high-risk assets such as bitcoin  —  The ability of Tether's USDT stablecoin to maintain its peg to the US dollar has been downgraded to the lowest rating …
Sidhartha Shukla / Bloomberg:
South Korean crypto exchange Upbit suspended deposits and withdrawals after saying $37M worth of Solana tokens were moved to an unauthorized external wallet  —  Upbit has suspended deposits and withdrawals after it discovered an unauthorized transfer of about $37 million of digital assets …
MacKenzie Sigalos / CNBC:
An MIT study finds that AI can replace 11.7% of the US labor market, or ~$1.2T in wages, based on the “Iceberg Index”, which measures job automation potential  —  Massachusetts Institute of Technology on Wednesday released a study that found that artificial intelligence …
Eliza Gkritsi / Politico:
The EU Parliament backs a report that sets a 16+ age limit for accessing social media without parental consent and holds CEOs personally liable for violations  —  Call comes as several EU countries prepare to restrict social media for kids.  —  The European Parliament on Wednesday called …
Sam Sabin / Axios:
Clover Security, whose AI agents plug into developer platforms like GitHub to predict and detect security flaws, raised $36M led by Notable Capital and Team8  —  Clover Security has nabbed $36 million in funding from a slew of high-profile industry stalwarts, including Wiz co-founders Assaf Rappaport …
Edith Hancock / Wall Street Journal:
Italy's competition regulator says it is scrutinizing a Meta policy excluding rival AI chatbots from WhatsApp, broadening the scope of a probe started in July  —  The regulator began probing Meta over its WhatsApp AI messaging tool in July  —  Italy's competition regulator has broadened …
The Information:
Sources: ServiceNow is in advanced talks to buy corporate data management and security startup Veza for $1B+ in a deal as early as next week  —  ServiceNow, an IT, HR and finance software provider, is in advanced talks to buy five-year-old security startup Veza for more than $1 billion, according to people with knowledge of the deal.
Nicholas Fearn / Financial Times:
London-based AI video startup Synthesia says its ARR reached $100M by April 2025, after reporting 2024 revenue up 82% YoY to $58M and a pre-tax loss of $59M  —  Seeing limited potential in its niche dubbing product, Synthesia built an AI tool to appeal across industries
Reuters:
Intel denies allegations in a TSMC lawsuit that VP Wei-Jen Lo likely leaked trade secrets after retiring from TSMC and joining Intel  —  Intel (INTC.O) on Thursday denied allegations by Taiwanese chipmaker TSMC (2330.TW) that one of the U.S. firm's executives, Wei-Jen Lo, had leaked trade secrets.
Jenny Che / Bloomberg:
The EU says its regulators asked Shein for documents on measures to prevent the exposure of minors to inappropriate content and the circulation of illegal items

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From Mediagazer

Todd Spangler / Variety:
Memo: Skydance offers certain employees a voluntary buyout in a “one-time offer” and moves to a mandatory five-days-per-week in-office policy

Ashley Carman / Bloomberg:
Netflix hires Steve Wilson, who formerly managed partner relations at Apple Podcasts, as a consultant to oversee podcast content acquisition

Etan Vlessing / The Hollywood Reporter:
Lionsgate and Steven Paul's SP Media form a JV to invest in new businesses and indie film production; a source says Paul is leading an investment of ~$100M

More News

Sam Sabin / Axios:
The US House Homeland Security Committee asks Dario Amodei to testify at a December 17 hearing on how Chinese state actors used Claude Code for cyber-espionage

Earlier Picks

Reuters:
EU states agree on a position on draft child protection legislation without forcing Big Tech to find and remove CSAM, and will now negotiate with EU lawmakers
Hannah Erin Lang / Wall Street Journal:
Robinhood plans to launch a futures and derivatives exchange with Susquehanna in 2026 and acquires MIAXdx, which clears and executes derivatives trades
Zac Hall / 9to5Mac:
OpenAI merges ChatGPT's voice mode directly into the main text chat interface by default; users can still switch back to the original, separate voice mode
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