- Stockholm-based driverless truck startup Einride plans to go public in H1 2026 via a blank-check merger at a $1.8B valuation and reports ~$43M in 2024 revenue (Paul Berger/Wall Street Journal)
- Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt (Chris Bryant/Bloomberg)
- IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations (Karmela Padavic-Callaghan/New Scientist)
- Amazon says it is rolling out a tougher approach to combat illegal sports streaming on Fire TV Stick devices, aiming to block apps that stream pirated content (Adam Leventhal/The Athletic)
- D-Matrix, which develops AI inference chips, raised $275M co-led by Bullhound, Triatomic, and Temasek at a $2B valuation, taking its total funding to $450M (Dina Bass/Bloomberg)
- Google files a lawsuit in the SDNY against a group of China-based hackers that it says run the Lighthouse platform for "phishing services", stealing $1B+ (Financial Times)
- JD.com says it had record sales during China's Singles' Day event, without giving transaction values, despite Chinese deflation; Alibaba hasn't released data (Jacob Gu/Bloomberg)
- German chipmaker Infineon reports Q4 revenue up 1% YoY to €3.94B, vs. €3.91B est., a €231M net profit, and expects 2026 sales growth as AI demand keeps booming (Mauro Orru/Wall Street Journal)
- Sources: software-focused PE firm Vista plans significant workforce cuts in the coming years as it uses AI to compile presentations, aggregate data, and more (Financial Times)
- Kraken co-CEO Arjun Sethi criticizes UK crypto promotion rules requiring clear risk warnings, saying they hinder retail investors by slowing fund movement (Nikou Asgari/Financial Times)
- Foxconn reports Q3 revenue of $66.3B, in line with estimates, net profit up 17% YoY to $1.86B, vs. $1.63B exp., says it expects significant YoY growth in Q4 (CNBC)
- The UK proposes an amendment to the Crime and Policing Bill allowing "authorized testers" to proactively assess AI models for their ability to generate CSAM (BBC)
- Menulog, acquired by Just Eat in 2015, plans to shut down in Australia on November 26, leaving Uber Eats and DoorDash as the country's main food delivery apps (Tegan Jones/SmartCompany)
- South Korea's KT Corp. launches a sovereign cloud for Korean enterprises built on Azure, with encrypted in-memory computing and strict local data governance (Jie Ye-eun/The Korea Herald)
- Sources: the Chinese government is intervening in how SMIC allocates its chip output, prioritizing Huawei amid US export restrictions on advanced chips (Wall Street Journal)