Techmeme
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Meta acquires Conductor, which lets developers run multiple AI coding agents in parallel; CEO Charlie Holtz says the team will join Meta Superintelligence Labs (Madison Mills/Axios)
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Shares of US tech giants jump after Democrats' midterm sweep as investors bet that a Democrat-controlled Congress will slow AI capex that's draining cash flow (Bloomberg)
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Sequoia raised ~$10B in new funds, and announces it is shutting down its Arc accelerator and Scouts program, merging its early-stage and growth teams, and more (Connie Loizos/TechCrunch)
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Pangram releases Pangram Image 1.0, which it says is state-of-the-art in AI image and AI video detection, and the smaller Image Flash 1.0 for AI video detection (Isaac Kasahara/Pangram)
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Titan OS, which monetizes smart TVs via ads and FAST deals, raised $46M in equity and debt, taking its total funding to $110M, and says it now has 30M users (Ivan Mehta/TechCrunch)
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Democrats' sweep of Congress raises the likelihood of strong frontier AI legislation passing in early 2027, including mandatory testing and developer liability (Shakeel Hashim/Transformer)
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CoreWeave's stock and unsecured bonds fall after sweeping Democratic midterm victories, as Texas Governor-elect Gina Hinojosa calls for a data center moratorium (Katherine Schwartz/Bloomberg)
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Sources: Tron, Tether, Binance, and TRM Labs' T3 Financial Crime Unit quietly dissolved in August due to slow response times, after freezing $250M in assets (Ryan Weeks/Bloomberg)
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Circle reports Q3 revenue up 17% YoY to $875M, driven in part by its ARC token presales, net income up 5% to $226M, and says it is cutting 5% of its employees (Yueqi Yang/The Information)
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TeraWulf secures a credit backstop agreement with Google to support financing for its data center project with Anthropic in Kentucky, set to come online H2 2027 (Deborah Sophia/Reuters)
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Crypto and AI super PACs spent $250M in 2026 midterms, but lost 9/12 competitive races called so far, spending $74.7M on losing candidates and $28.3M on winners (Molly White/Citation Needed)
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Sources: Singapore-based, Nigeria-focused payments startup OPay halts its $300M US IPO just hours after pricing it due to inquiries from a Chinese regulator (Bloomberg)
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Revolut hits a $115B valuation, up from $75B in November 2025, after a secondary share sale led by Glade Brook, Coatue, and others, as it plans a US bank launch (Jagmeet Singh/TechCrunch)
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UK AI Minister Kanishka Narayan says AI is set to add £55B to £140B to the economy by 2030, below a £400B estimate from a Google-led report touted by officials (Ben Gartside/Wired)
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The French Blood Establishment says external providers' blood cold storage units were hacked to raise temperatures, in a wave of refrigeration cyberattacks (Sawdah Bhaimiya/CNBC)