- Shares of Indian payment startup Pine Labs debuted at ~$2.73, up 9.5% from the ~$2.49 IPO price, after a $440M IPO earlier this week that was 2x oversubscribed (Soumyajit Saha/Nikkei Asia)
- Oracle shares are down nearly 30% in the past month, reversing more than $250B in market value gains following the announcement of its OpenAI deals in September (Financial Times)
- How Microsoft, Amazon, Meta, and Google are managing the strain of AI's increased energy demand with their promises of net-zero carbon emissions (Emily Forgash/Bloomberg)
- Australia-based AI infrastructure company Firmus raised AU$500M, or ~$325M, tripling its valuation to AU$6B in two months, after raising AU$330M in September (Tess Bennett/Australian Financial Review)
- Sources: Amazon and Anthropic support the GAIN AI Act, which would give US buyers first priority on advanced AI chips, joining Microsoft; Nvidia opposes it (Amrith Ramkumar/Wall Street Journal)
- OpenAI is piloting group chats in ChatGPT in Japan, New Zealand, South Korea, and Taiwan; up to 20 users can be invited to prompt ChatGPT in a shared space (OpenAI)
- Mozilla says it is building AI Window, a Firefox feature that will include an AI assistant and let users choose the model, but offers few additional details (Elissa Welle/The Verge)
- Sources: OneTrust, which sells privacy and compliance software and was last valued at $4.5B in 2023, is exploring a sale, possibly to private equity buyers (The Information)
- A US judge rules that Apple and OpenAI must answer to a lawsuit filed by X and xAI accusing them of conspiring to thwart competition in emerging markets in AI (Madlin Mekelburg/Bloomberg)
- OpenAI releases GPT-5.1 in the API, featuring a "no-reasoning" mode and extended prompt caching with up to 24-hour retention to generate faster responses (OpenAI)
- Sundar Pichai proved to be the "wartime CEO" that Google needed after ChatGPT's launch, making the company an AI leader, in part by empowering Demis Hassabis (Dave Lee/Bloomberg)
- StubHub reports Q3 revenue up 8% YoY to $468.1M, vs. $452M est., gross merchandise sales up 11% to $2.43B; STUB drops 5%+ after hours (Annie Palmer/CNBC)
- Maryland will use Claude across its agencies to help residents apply for food aid, Medicaid, and more, and deploy Percepta tools to speed up housing permits (Maria Curi/Axios)
- Alembic, which offers AI-powered data analytics for marketers, raised a $145M Series B led by Prysm and Accenture at a $645M valuation, up from $49M in 2024 (Patrick Coffee/Wall Street Journal)
- Sources: Mira Murati's Thinking Machines Lab is in early talks to raise a new round of funding at a roughly $50B valuation, potentially rising to $55B-$60B (Bloomberg)