| Bloomberg: |
iRobot files for Chapter 11 bankruptcy and reaches a restructuring agreement to hand over control to its secured lender and main Chinese supplier Shenzhen Picea — iRobot Corp., the company that revolutionized robot vacuum cleaners in the early 2000s with its Roomba model … | Connie Loizos / TechCrunch: |
A look at iRobot, founded in 1990, and its slow collapse after US and EU regulatory pressure killed Amazon's $1.7B deal in 2024 amid growing Chinese competition — There's something painfully American about the arc of iRobot, the company that taught your vacuum to navigate around the furniture.| Financial Times: |
DTCC: credit default swaps tied to a handful of US tech groups have climbed 90% since early September, as investors seek ways to protect against an AI debt bust — Trading in insurance-like products that protect against tech company defaults is booming — Trading in products that pay … | Martin Peers / The Information: |
| Emilia David / VentureBeat: |
Nvidia launches Nemotron 3, a family of AI models using a hybrid mixture-of-experts architecture and the Mamba-Transformer design, in 30B, 100B, and ~500B sizes — Nvidia launched the new version of its frontier models, Nemotron 3, by leaning in on a model architecture that the world's … | Financial Times: |
Sources: the UK government wants Apple, Google, and others to block explicit images at the OS level by default to protect kids and have adults verify their ages — Home Office expected to encourage companies to introduce controls — The UK government wants technology companies … | Brian Merchant / Blood in the Machine: |
Interviews with copywriters on generative AI's impact: their work used for training, layoffs, wages and rates in free fall, freelancers losing clients, and more — Copywriters were one of the first to have their jobs targeted by AI firms. These are their stories, three years into the AI era.| Mike Baker / New York Times: |
US volunteer fire departments are scrambling to find software amid shrinking options and higher costs, as companies backed by private equity dominate the market — Rural departments have long relied on cheap software solutions to keep their operations running.| Anna Heim / TechCrunch: |
Berlin-based Mirelo, whose AI models can interpret video content to add matching sound effects, raised a $41M seed led by Index and a16z, after a $3M pre-seed — AI lets anyone create videos, but many AI video creation tools lack support for audio. Mirelo is building AI that adds soundtracks to match the video's action.| Caroline Hyde / Bloomberg: |
AI drug discovery startup Chai Discovery raised a $130M Series B led by Oak HC/FT and General Catalyst at a $1.3B valuation, taking its total funding to $225M — Chai Discovery, an artificial intelligence drug-discovery company backed by OpenAI, has raised $130 million to build a “computer-aided design suite” for molecules.| Reuters: |
Internal documents: Meta earned $18B+ in annual ad sales from China in 2024, making up 10%+ of its global revenue, with $3B+ linked to fraudulent ads like scams — A Reuters investigation reveals the owner of Facebook, Instagram and Whatsapp decided to accept high levels of fraudulent advertisements from China.| Rose Henderson / Bloomberg: |
Memo: Greg Peters and Ted Sarandos lay out Netflix's WBD case, moving to quell concerns about job losses and the end of theater releases, after Paramount's bid — The two chief executive officers of Netflix Inc. laid out the company's case for acquiring Warner Bros Discovery Inc. … | Erin Griffith / New York Times: |
Lightspeed raised a record $9B across six funds to invest in AI, with $3.3B to back breakout companies like Anthropic; Lightspeed has backed 165 AI startups — The artificial intelligence boom is expensive, prompting venture capital firms to raise enormous sums to keep up.| Naomi Nix / Washington Post: |
Tech whistleblowers like Yaël Eisenstat say coming forward has unexpectedly derailed their lives and careers; Meta is in litigation with Sarah Wynn-Williams — By exposing the harms of Big Tech, many whistleblowers say they faced poorer job prospects and professional exile in Silicon Valley.
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