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Sources: major investors are increasingly skeptical Anthropic's IPO can proceed at a $1.5T valuation after a market selloff; one says it could be closer to $1T — The AI giant could need to set a significantly lower-than-expected valuation, investors say — Major investors … | Natalia Kniazhevich / Bloomberg: |
The Nasdaq 100 fell 6% on Thursday, losing a record $2.3T in value, and the Philadelphia chip index fell 12%, on AI trade concerns after Democrats won Congress — Technology stocks plunged the most since 2020 on Thursday as investors exited the sector on concerns over the artificial intelligence trade … | Jada Nagumo / Nikkei Asia: |
| Kana Inagaki / Financial Times: |
Elon Musk says Tesla plans to wind down production of the Cybertruck at its Texas Gigafactory in mid-2027 “to make room for increased Cybercab production” — Carmaker will wind down production of futuristic pick-up truck at its gigafactory in Texas| Reuters: |
| Tiffany Li / The Information: |
| Matthias Bastian / The Decoder: |
Google rolls out Gemini Omni 1.2 Flash, which creates clips up to 15 seconds, vs. 10 seconds with Omni 1.1, has better reference adherence, and costs 30% less — Ask about this article... Google says Gemini Omni 1.2 Flash is rolling out through the Gemini API, Google AI Studio … | Davey Alba / Bloomberg: |
Google says it will spend $17B to build its first Wyoming data center, pay for all the power it uses, and form a Community Council to address growth concerns — Alphabet Inc.'s Google will spend $17 billion to build a data center in Wyoming, formally putting a price tag on the proposal … | New York Times: |
Sources: The New York Times has entered exclusive negotiations to acquire Letterboxd for ~$330M; A24 dropped out of negotiations after price expectations rose — The roughly $330 million deal for the cinephile community site would be part of an effort to add new products and services to the company's portfolio.| Alexander Martin / The Record: |
In preliminary findings, the EU says TikTok breached the DSA by failing to prevent its recommendation algorithm from trapping users in harmful “rabbit holes” — The European Commission accused TikTok on Friday of failing to prevent its recommendation algorithm from drawing users into … | Bloomberg: |
Cleanview: ~40% of pending US data center capacity is planned to be built in states where newly elected governors have pledged to stop or pause construction — A new crop of Democratic governors-elect campaigned on putting the brakes on artificial intelligence development.| Pranshu Verma / Washington Post: |
Sources: Democrats are eyeing Apple, Meta, and Elon Musk-led companies as early congressional investigation targets, after winning House and Senate majorities — Democrats are laying the groundwork to investigate some of the country's largest companies, setting off a scramble among executives who courted the president.| Reuters: |
Sources: China's YMTC plans to source 60% to 70% of equipment locally for a planned fourth factory, to make 300-layer NAND chips, up from ~50% for its third fab — China's largest flash memory chipmaker, Yangtze Memory Technologies Co (YMTC), plans to source as much as 70% of the equipment … | Financial Times: |
Sources: UK neobank Monzo is exploring a new fundraising round valuing it at ~£7.5B after failing to be acquired by Nu Holdings and struggling to sell a stake — Lender had shifted focus to talks with buyout groups after failing to clinch a £10bn takeover by Brazilian fintech Nubank| Emma Roth / The Verge: |
OpenAI launches GPT-6 Cyber, which it says outperforms GPT-6 Astra on cyber benchmarks, is better at finding vulnerabilities, and is less likely to go rogue — Classified as ‘Critical,’ GPT-6 Cyber outperforms GPT-6 Astra on cyber-related benchmarks.| Djohnson / CyberScoop: |
| Radhika Rajkumar / ZDNET: |
Anthropic launches Personal Finance in Claude, letting users connect bank and credit card accounts via Plaid with read-only access to analyze spending trends — Anthropic has released what appears to be its answer to ChatGPT Finances. — ZDNET's key takeaways| Mackenzie Hawkins / Bloomberg: |
Sources: Nvidia is requiring Southeast Asian customers seeking Nvidia Cloud Partner status to enroll in a program that tracks the locations of their AI chips — Nvidia Corp. is stepping up monitoring of AI accelerators sold in Southeast Asia, a strategic step to curtail semiconductor smuggling … | Kelly Cloonan / Wall Street Journal: |
Lyft reports Q3 revenue up 8% YoY to $1.82B, vs. $1.92B est., and a net loss of $0.03 a share, vs. an est. profit of $0.20 a share; LYFT drops 8%+ after hours — However, the ride-hailing platform's top and bottom lines were dented by legal, tax and regulatory reserve changes and settlements| Meghan Bobrowsky / Wall Street Journal: |
Meta President Dina Powell McCormick says building new US data centers will be “harder” after midterm results, but it will be easier to expand existing projects — Speaking at the WSJ Tech conference, Dina Powell McCormick says the company is more optimistic about scaling up its existing data centers| Bloomberg: |
Airbnb reports Q3 revenue up 19% YoY to $4.9B, above est., Nights and Seats Booked up 16% to 155M, rises its FY 2026 revenue outlook; ABNB jumps 9%+ after hours — Airbnb Inc. Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain … | Emma Roth / The Verge: |
Perplexity rolls out Teammates, an always-on AI agent system that integrates with Computer to handle multiple roles and execute large-scale tasks simultaneously — Like OpenAI's Dots and Claude Duet, Perplexity's Teammates can perform an array of tasks while running 24/7.| Eric Geller / Cybersecurity Dive: |
Experts say the new Democratic congressional majority will likely seek to rebuild CISA, prioritize AI security, revive local cyber grants, probe DOGE, and more — From CISA to AI and beyond, the new Democratic majority has many opportunities to scrutinize government programs and push new policies.| Jay Peters / The Verge: |
Meta rolls out voice mode and expressive avatars in the Muse app, starting in the US, letting users have real-time voice conversations with their Muse AI agent — Muse AI agent now has voices and ‘expressive’ avatars that animate while chatting with you.
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Labels that build themselves: Simplified Label Automation in Zoho Writer — Anyone who ships every day knows this feeling. Forty orders, each with a different number of items, and every item needs its own label.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
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| Jonathan Stempel / Reuters: |