| Bloomberg: |
Nvidia's and OpenAI's wave of deals is escalating concerns that the $1T+ AI boom is being artificially propped up by interconnected business transactions — A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.| Annie Palmer / CNBC: |
Jensen Huang says AMD offering a 10% stake to OpenAI is “imaginative” and “surprising” considering that AMD was “so excited about” its next-generation chip — Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% … | Bloomberg: |
| Ryan Whitwam / Ars Technica: |
Google Pixel 10 Pro Fold review: nice display and most AI features run on device, but cameras are a step down from other Pro Pixels, Tensor G5 shows small gains — Google delivers another phone that is slightly better than its predecessor—is that enough? — When the first foldable phones … | Victoria Song / The Verge: |
| Billy Steele / Engadget: |
| CryptPad Blog: |
Open letter: 40+ European companies oppose the EU's “Chat Control” proposal, which would force services to scan messages for CSAM, fearing a backdoor mandate — Today we are adding our signature (and that of our parent company XWiki SAS) to a new open letter against the so-called “Chat Control” EU regulation.| Suzanne Smalley / The Record: |
| Sam Clark / Politico: |
| Jess Weatherbed / The Verge: |
Filing: Elon Musk and X settle a lawsuit by former Twitter CEO Parag Agrawal, Chief Legal Officer Vijaya Gadde, and others over $128M+ in unpaid 2024 severance — The settlement agreement over withheld severance is dependent on Musk meeting ‘certain conditions.’| Financial Times: |
Sources: OpenAI and Anthropic consider using investor funds to settle potential claims from multibillion-dollar lawsuits, as insurers balk at covering AI risks — Companies struggle to assess scale of financial risks emerging from artificial intelligence — OpenAI and Anthropic … | Edith Hancock / Wall Street Journal: |
The European Commission outlines its Apply AI Strategy and AI in Science Strategy, aiming to speed up AI adoption in key industries and boost AI-driven research — There is concern the EU is too dependent on foreign tech companies — The European Union outlined plans to promote European adoption … | Barbara Moens / Financial Times: |
Sources: Meta and Apple are close to settling two EU antitrust cases and agreeing to a deal to change their business practices after a total €700M in DMA fines — US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines| Dasha Afanasieva / Bloomberg: |
US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry — Semiconductor companies including Applied Materials Inc. and ASML Holding NV fell after a US House committee said that the industry … | Ben Thompson / Stratechery: |
| Kurt Schlosser / GeekWire: |
Amazon announces Amazon Pharmacy kiosks to quickly dispense medications to patients after an appointment, initially rolling out in its One Medical offices in LA — Amazon is erasing the distance between the doctor's office and the pharmacy with the introduction of new Amazon Pharmacy kiosks … | Naga Avan-Nomayo / The Block: |
Polymarket CEO Shayne Coplan says the startup raised two undisclosed rounds: $55M at a $350M valuation in 2024 and $150M at a $1.2B valuation earlier in 2025 — - Polymarket CEO Shayne Coplan says the prediction platform raised $55 million in 2024 and $150 million earlier this year.| John Revill / Reuters: |
SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026 — SoftBank Group (9984.T) said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S) in a $5.4 billion deal.| Mark Hallam / DW News: |
Germany's Federal Cartel Office opens an investigation into whether Temu is influencing the pricing of third-party merchants, potentially stifling competition — Germany's competition watchdog has announced an investigation of Chinese discount online retail site temu.com, suspecting it of influencing retailers' prices.| Pew Research Center: |
A survey of US parents: 90% say their kids aged 12 or younger watch TV, 68% use a tablet, 61% use a smartphone, 50% use a gaming device, and 8% use a chatbot — From YouTube to smartphones to tablets, tech is part of kids' lives. AI chatbots are part of the mix now, too.| Alex Konrad / Upstarts Media: |
New York-based Crosby, a law firm that uses AI to help speed up the contracts process, raised a $20M Series A co-led by Index Ventures, BCV, and Elad Gil — Crosby, led by lawyer turned founder Ryan Daniels, has raised a $20 million Series A from Index and Bain Capital Ventures to expand its AI-assisted legal work.| Financial Times: |
UK filings: Revolut CEO and largest shareholder Nik Storonsky has changed his residency from the UK to the UAE; Revolut is awaiting a full UK banking license — Change in billionaire's country of residence disclosed in Companies House filing — Nik Storonsky, Revolut's billionaire co-founder … | Masha Abarinova / Fierce Network: |
Verizon agrees to buy Starry, which provides home internet via millimeter wave tech to ~100K customers and filed for bankruptcy in 2023, for an undisclosed sum — Verizon Starry acquisition fixed wireless access — Verizon is buying FWA provider Starry for an undisclosed sum| Washington Post: |
An analysis of 1,100 TikTok users' watch histories across six months in 2024 shows just how effective TikTok is at getting even its heaviest users to watch more — More than 800 U.S. TikTok users shared their data with The Washington Post. We used it to find out why some people become power users, spending hours per day scrolling.| Anthropic: |
Anthropic plans to open its first Indian office, in Bengaluru, in early 2026; Dario Amodei is visiting India to meet government officials and potential partners — Today we're announcing that we're expanding our global operations to India, with plans to open an office in Bengaluru in early 2026.| Kunal Manchanada / Entrackr: |
Raise Financial Services, the parent company of Indian stock trading and investment app Dhan, raised $120M led by Hornbill Capital at a $1.2B valuation — Raise Financial Services, the parent company of stockbroking platform Dhan, has joined India's unicorn club after raising $120 million …
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| Milana Vinn / Reuters: |
| Dina Bass / Bloomberg: |
| Tom Warren / The Verge: |
| Nick Lichtenberg / Fortune: |
| Christopher Beam / Wired: |