- Majestic Labs, which makes patent-pending server architecture that promises more memory capacity, raised $100M, including a $71M Series A led by Bow Wave (Jennifer Elias/CNBC)
- Coinbase plans to launch a platform to let individual investors buy digital tokens before they are listed on its exchange, reviving 2017 and 2018's ICO craze (Vicky Ge Huang/Wall Street Journal)
- Grab plans to invest $60M in remote driving service Vay, potentially rising to $410M within the next year if Vay hits certain milestones, set to close in Q4 (Olivia Poh/Bloomberg)
- Scribe, which helps enterprises identify where AI and automation investments will yield genuine returns, raised a $75M Series C at a $1.3B post-money valuation (Jagmeet Singh/TechCrunch)
- Gamma, which uses AI to help create presentations, social media posts, websites, and more, raised $68M at a $2.1B valuation and reports 600K+ paying users (Niko Gallogly/New York Times)
- Instacart reports Q3 revenue up 10% YoY to $939M, above est., orders up 14% YoY to 83.4M, above 82.9M est., GTV up 10% to $9.1B, and plans a $1.5B share buyback (Natalie Lung/Bloomberg)
- Q&A with Palantir CEO Alex Karp on "the woke left and the woke right", being patriotic, the Ukraine war, Palantir's culture, Trump, democracy, Israel, and more (Steven Levy/Wired)
- Microsoft recruits popular US influencers to help boost its Copilot chatbot; Sensor Tower says Copilot has 99M downloads since launch, far below ChatGPT's 1.4B (Emily Forgash/Bloomberg)
- An interview with Ukrainian cyber-crime kingpin Vyacheslav Penchukov, aka Tank, who was arrested in 2022 after spending ~10 years on the FBI's Most Wanted list (Joe Tidy/BBC)
- Amazon's House of David season two included 350 to 400 AI-generated shots, up from 70+ in S1, using 10 to 15 tools from companies like Runway, drawing criticism (Kat Tenbarge/Wired)
- Amazon expands its low-cost Haul service to 25 countries and regions globally, rebrands it as Amazon Bazaar in some markets, and plans a two-day sales event (Todd Bishop/GeekWire)
- ABI: UK insurers paid out £197M+ in cyber claims in 2024, up from £60M in 2023; malware and ransomware-related claims were 51% of the total, up from 32% in 2023 (Lee Harris/Financial Times)
- A group of US lawyers document 509 cases of AI misuse in legal filings so far in 2025, including fabricated citations; judges and bar associations permit AI use (Evan Gorelick/New York Times)
- TSMC reports a 16.9% rise in October sales, the slowest pace since February 2024, highlighting uncertainty over the AI boom's sustainability; TSMC is up 37% YTD (Debby Wu/Bloomberg)
- Rumble agrees to acquire German AI infrastructure company Northern Data in an up to $970M deal, set to close in Q2 2026; both companies are backed by Tether (Billy Gray/Wall Street Journal)