Posts

Brian Armstrong ended Coinbase's Q3 earnings call by saying certain words that Kalshi and Polymarket users had wagered would be mentioned during the call (Bloomberg)

Archy, which offers AI-powered dental practice management software, raised a $20M Series B led by TCV, bringing its total funding to $47M (Mary Ann Azevedo/Crunchbase News)

Sources: Nvidia plans to invest $500M to $1B in AI coding startup Poolside, which is in discussions to raise $2B at a $12B valuation (Bloomberg)

Cognition releases SWE-1.5, a new coding model in Windsurf, saying it partnered with Cerebras to serve SWE-1.5 at speeds up to 13x faster than Claude Sonnet 4.5 (Cognition)

The ICC plans to switch from Microsoft Office to Open Desk, a European open source alternative, amid concerns about public bodies' reliance on US tech companies (Maximilian Henning/Euractiv)

A former L3 Harris executive pleads guilty in a US district court to selling eight zero-day exploits to a Russian broker in exchange for millions of dollars (Greg Otto/CyberScoop)

Sources: Synthesia, which helps companies generate videos with AI avatars, raised $200M led by GV at a $4B valuation, up from a $2.1B valuation in January (Rashi Shrivastava/Forbes)

Sources: legal AI startup Harvey raised $150M led by a16z at an $8B valuation, up from a $5B valuation in June, bringing its total raised to over $1B (Iain Martin/Forbes)

Sources: Polymarket plans to return to the US with a focus on sports betting; initial trading is likely by the end of November, but won't be broadly available (Bloomberg)

Sources: Amazon plans to lay off ~10% of corporate staff, or ~30,000 people, its largest layoffs since 2022, to reduce costs and address pandemic overhiring (Greg Bensinger/Reuters)

Internal memo: Meta's head of AI product Nat Friedman says Vishal Shah, who previously led the metaverse unit, is joining his team to lead AI product management (Hannah Murphy/Financial Times)

Employees are increasingly using AI to create ultra-realistic fake expense receipts; AppZen and others attribute the rise to advances in image generation models (Cristina Criddle/Financial Times)

Artemis: $10B+ was moved through stablecoins in August, up from $6B in February and more than double YoY, following President Trump's signing of the Genius Act (Judy Lagrou/Bloomberg)

Treasury Secretary Scott Bessent says Trump and Xi will "consummate" a TikTok deal on Thursday in South Korea, confirming a final US-China agreement on the sale (Anthony Ha/TechCrunch)

Q&A with Zocdoc CEO Oliver Kharraz on the patient scheduling platform's telehealth expansion, its policy of not providing medical advice through AI, and more (Nilay Patel/The Verge)

Singapore-based wealth management platform Endowus raised $70M+, bringing its total funding to $130M+, and says the new capital will boost its AI advisory tools (Katrina Bianca Cuaresma/DealStreetAsia)

Sources: AI chip startup SambaNova is exploring a sale after it struggled to complete a fundraising round; SambaNova was last valued at $5B in 2021 (Valida Pau/The Information)

Kyrgyzstan launches a national stablecoin and a CBDC in partnership with Binance; CZ says a national cryptocurrency reserve includes Binance's BNB token (Aigerim Turgunbaeva/Reuters)

Glasgow-based Chemify, which combines AI with robotics and chemistry to rapidly make novel molecules for pharmaceutical companies, raised a $50M Series B (Alex Scott/Chemical & Engineering News)

With an influx of Meta alums, some OpenAI staffers worry it is adopting Meta's tactics, like using social media dynamics with Sora and a softening stance on ads (The Information)

Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts (Matt Day/Bloomberg)

Netflix shuts down Boss Fight Entertainment, the game studio behind mobile game Squid Game: Unleashed, after acquiring it in March 2022 (Jay Peters/The Verge)

PUBG maker Krafton unveils an "AI First" strategy, investing ~$70M to build a GPU cluster to automate AI workflows and strengthen AI R&D and in-game AI services (Jay Peters/The Verge)

Bethesda celebrates Fallout Day with a host of announcements, including a Fallout 4 Anniversary Edition and Nintendo Switch 2 Edition, a native Fallout 76 release for PS5 and Xbox Series X, and more

Meta cuts roles in its Risk unit citing a shift from manual reviews to a "consistent and automated process" that is delivering "reliable compliance outcomes" (Jyoti Mann/Business Insider)

Sources: Kalshi is receiving funding offers from VC investors at $10B-$12B or higher valuations, just weeks after it announced a $300M round at a $5B valuation (Bloomberg)