- Financial documents show Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses that year before turning a profit in 2030 (Berber Jin/Wall Street Journal)
- Crypto exchange Gemini reports Q3 revenue up 106% YoY to $50.6M, vs. $46.2M est., net loss of $159.5M, up from $90.2M a year ago; GEMI drops 5%+ after hours (Olga Kharif/Bloomberg)
- Meta introduces Omnilingual Automatic Speech Recognition, a suite of AI models providing automatic speech recognition capabilities for more than 1,600 languages (Carl Franzen/VentureBeat)
- Sachin Katti, Intel's CTO and AI officer, says he is leaving the company to join OpenAI; Intel says CEO Lip-Bu Tan will take over its AI efforts (CRN)
- The US Treasury and IRS issue guidance allowing crypto products to offer staking rewards under a new safe harbor (Sander Lutz/Decrypt)
- CoreWeave reports Q3 revenue up 134% YoY to $1.36B, vs. $1.29B est., and a net loss of $110M, down from $360M a year ago; CRWV is up 164% since its March IPO (Jordan Novet/CNBC)
- eToro reports Q3 net contribution up 28% YoY to $215M, vs. $208M est., adjusted EBITDA up 43% to $78M, and announces a $150M share buyback; ETOR closed up 8% (CoinDesk)
- Meta plans to discontinue its Like and Share buttons for external websites in February 2026 as their usage "naturally declined as the digital landscape evolved" (Anna Washenko/Engadget)
- Sources: C3.ai is exploring options, including a potential sale and raising funds from private investors, after Thomas Siebel stepped down as CEO in July (Milana Vinn/Reuters)
- Neros, which makes low-cost, military FPV drones in the US, raised $75M led by Sequoia, bringing its total funding to $121M, and won a US Army contract (Farah Stockman/New York Times)
- Bakkt reports Q3 revenue up 27% YoY to $402.2M and a $23.2M net loss, driven by an accounting charge tied to warrants issued to its investors; BKKT drops 9%+ (Judy Lagrou/Bloomberg)
- Sources: Apple is delaying the release of the next version of the iPhone Air, originally planned for fall 2026, after the first model sold below expectations (The Information)
- Sources: the European Commission is exploring ways to force EU member states to phase out Chinese telecom equipment makers Huawei and ZTE from their networks (Bloomberg)
- Travel and leisure booking service Klook files for a US IPO, and reports a net loss of $141.5M on $407.4M of revenue for the first nine months of 2025 (Bloomberg)
- Canada-based legaltech company Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition (Josh Scott/BetaKit)