- SpaceX agrees to acquire EchoStar's unpaired AWS-3 licenses for $2.6B in stock, after EchoStar sold WS-4 and H-block licenses to SpaceX for $17B in September (Jake Rudnitsky/Bloomberg)
- Sources: Shein told investors in August that it expects $2B in net income in 2025 despite US tariffs and forecasts mid-teen percentage growth in full-year sales (Bloomberg)
- Sources and documents: Google plans to build an AI data center on Australia's remote Christmas Island after signing a cloud deal with its DOD earlier in 2025 (Kirsty Needham/Reuters)
- Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises (Julia Fanzeres/Bloomberg)
- Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit (Kate Clark/Bloomberg)
- Jensen Huang warns "China is going to win the AI race", after the US kept a ban on high-end AI chip sales to China, and says the West is held back by "cynicism" (Financial Times)
- Rockstar says it fired dozens of staff last week due to "distributing and discussing confidential information in a public forum", disputing union allegations (Jason Schreier/Bloomberg)
- Huawei unveils the ~$590 Mate 70 Air, a 6.6mm thick smartphone set to compete with the $999 iPhone Air, with a 7" display and HarmonyOS, shipping November 11 (Bloomberg)
- Sources, public records, and documents detail TuSimple's downfall, after it transferred autonomous driving IP to Chinese partners despite a 2022 CFIUS agreement (Kate O'Keeffe/Bloomberg)
- The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts (Ben Thompson/Stratechery)
- License plate surveillance company Flock Safety faces bipartisan pressure from lawmakers and local organizers over its data handling and cybersecurity practices (Ashley Belanger/Ars Technica)
- Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more (Russell Brandom/TechCrunch)
- Sources: SoftBank explored a potential takeover of Marvell earlier this year to merge it with Arm, in what would have been the chip industry's largest-ever deal (Bloomberg)
- Sony unveils the Fair Human-Centric Image Benchmark dataset to test the fairness of computer vision models, saying it was compiled in a fair and ethical manner (Thomas Claburn/The Register)
- Shares of Pony.ai and WeRide fell as much as 15% in their Hong Kong trading debut; Pony.ai raised ~$863M in the secondary offering and WeRide raised ~$309M (Bloomberg)