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Sources: Meta last week scrapped the most advanced AI chip it was developing, after struggling with the design, and shifted its focus to a less complicated chip (The Information)

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The head of Intel Foundry, Kevin O'Buckley, leaves to join Qualcomm after just two years at the company; Intel Foundry will now be headed by Naga Chandrasekaran (Anton Shilov/Tom's Hardware)

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IDC: global smartphone shipments will fall 12.9% YoY to 1.12B units in 2026, the market's largest-ever decline, as surging memory prices drive up device costs (Kritika Lamba/Reuters)

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Some AI policymakers and lawyers warn that DOD's threats to Anthropic are contradictory and could chill partnerships between the government and Silicon Valley (Brendan Bordelon/Politico)

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Sam Altman's Tools for Humanity is partnering with brands like Gap, Visa, and Tinder to market its World ID human verification product (Patrick Coffee/Wall Street Journal)

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Apple says iPhone and iPad on iOS 26 and iPadOS 26 have become the first consumer devices NATO approved for use up to the "restricted" level of classified data (Elyse Betters Picaro/ZDNET)

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Sources: US semiconductor companies face worsening rare earth shortages, as shipments still rarely make it to the US despite an October 2025 detente with China (Reuters)

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Viture, which ranked top in XR glasses shipments in the US in Q3 2025, per IDC, raised $100M, bringing its funding in the past six months to $200M (Charlie Fink/Forbes)

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A Greek court sentences four people, including spyware maker Intellexa's founder, to prison, for using spyware to target journalists, politicians, and others (Nektaria Stamouli/Politico)

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Driverless truck startup Einride raised a $113M PIPE at a $1.35B pre-money valuation, down from $1.8B initially attached to its upcoming SPAC deal (Rebecca Bellan/TechCrunch)

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Encord, whose software helps companies developing AI models manage training data for robots and other uses, raised $60M at a $500M pre-money valuation (Rocket Drew/The Information)

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Google says Nano Banana 2 can create images with a resolution ranging from 512px to 4K, and will become the default image generation model in the Gemini app (Ivan Mehta/TechCrunch)

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Sources: PayPal isn't in talks to sell itself, to Stripe or anyone, and has been preparing for months for a potential activist campaign or unwanted takeover bid (Rohan Goswami/Semafor)

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Google rolls out Nano Banana 2, aka Gemini 3.1 Flash Image, with faster image generation, advanced world knowledge, and precision text rendering and translation (Naina Raisinghani/The Keyword)

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Nvidia stock is down 5%+, as investor concerns around the AI infrastructure boom dampen enthusiasm about its better-than-expected earnings (CNBC)

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Rowspace, which builds AI tools for PE firms and hedge funds to organize unstructured data for decision-making, launches with $50M in seed and Series A funding (Leo Schwartz/Fortune)

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OpenAI says it will make London its largest research hub outside of the US, without giving specific details; OpenAI's European headquarters are in Dublin (Sam Tabahriti/Reuters)

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Burger King launches Patty, an OpenAI-powered voice chatbot in headsets that offers coaching, meal prep help, and evaluates interactions for "friendliness" (Emma Roth/The Verge)

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Total on-chain ransomware payments fell 8% YoY to $820M in 2025, despite a record 50% rise in claimed victims; the median payment grew 368% YoY to nearly $60K (Chainalysis)

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Revel, founded by ex-SpaceX Starship software lead Scott Morton to replace legacy systems that test complex hardware like rockets, raised $150M led by Index (Michael J. de la Merced/New York Times)

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