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November 24, 2025, 12:40 PM
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Eric Revell / Fox Business:
AWS announces a commitment to invest up to $50B to build AI and HPC infrastructure for the US government, starting in 2026 and adding nearly 1.3 GW of capacity  —  AWS CEO says investment will remove technology barriers holding back federal agencies  —  EXCLUSIVE: Amazon Web Services (AWS) …
Jennifer Surane / Bloomberg:
Revolut reaches a $75B valuation in its latest share sale led by Coatue, Greenoaks, and others, up from $45B in 2024, making it Europe's most valuable startup  —  Revolut Ltd. garnered a $75 billion valuation in its latest share sale after months of courting investors, a steep increase …
New York Times:
Interviews with current and former OpenAI employees detail how updates that made ChatGPT more appealing to boost growth sent some users into delusional spirals  —  It sounds like science fiction: A company turns a dial on a product used by hundreds of millions of people and inadvertently destabilizes some of their minds.
Bloomberg:
Alibaba says its Qwen app drew 10M+ downloads in the week after its relaunch, one of the fastest app adoption rates behind ChatGPT, particularly in China  —  Alibaba Group Holding Ltd.'s Qwen app drew more than 10 million downloads in the week after its relaunch, boding well for a longer-term effort …
Loren Grush / Bloomberg:
Amazon begins previewing its Amazon Leo satellite internet system for a select group of customers, ahead of a wider public rollout planned for 2026  —  Amazon Leo, the recently rebranded satellite-internet system meant to rival SpaceX's Starlink, has begun previewing its service for a select group …
New York Times:
Banking tech vendor SitusAMC says it suffered a November 12 hack that could expose sensitive customer data; sources say JPMorgan, Citi, and others are impacted  —  SitusAMC, a technology vendor for real estate lenders, holds sensitive personal information on the clients of hundreds of its banking customers, including JPMorgan Chase.
Aisha S Gani / Bloomberg:
Model ML, which aims to use AI agents to automate grunt work done by investment bankers like making pitch decks, raised $75M, after raising $12M earlier in 2025  —  The artificial intelligence startup Model ML raised $75 million as it looks to develop technology to replace much of the grunt work done …
Bloomberg:
Analysis: as crypto sheds $1T+, the Trump family's fortune has fallen to ~$6.7B from $7.7B in early September; President Trump's TMTG stake fell by ~$800M  —  In President Donald Trump's second term, crypto assets transformed his family's wealth.  Now the Trumps — and their followers …
Financial Times:
Major insurers have recently sought permission from US regulators to offer policies excluding liabilities tied to businesses deploying AI chatbots and agents  —  AIG, Great American and WR Berkley seek permission to limit liability from AI agents and chatbots
John Reynolds / Tech.eu:
Dutch online grocery store Picnic raised €430M from The Bill and Melinda Gates Foundation Trust and others, after raising €355M in January 2024  —  Picnic says it's using the bulk of the funds to beef up its presence in Germany.  —  Dutch online grocery store Picnic …
More: ESM Magazine

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From Mediagazer

Ted Johnson / Deadline:
FCC Chairman Brendan Carr warns broadcasters not to air “fake polls” or “suppression polls”, once again threatening regulatory action for news content

Owen Lewis / Defector:
Spotify-owned outlet The Ringer moves newsletters by some of its most popular staff to Substack; Spotify declines to explain the strategy behind the move

Charlotte Tobitt / Press Gazette:
How The Sun made video the “anchor of the newsroom”, expanding its video team from 25 to 80 staffers within a year and publishing two to three videos daily

More News

Earlier Picks

Courtney Rozen / Reuters:
OPM Director Scott Kupor earlier this month said DOGE “doesn't exist” and OPM took over many of its functions, eight months before DOGE was set to close
Associated Press:
CISA changes left some US states without election cybersecurity help; California says CISA gave little support during the November 4 vote on redistricting
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