Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools (Lucas Shaw/Bloomberg) https://www.bloomberg.com/news/articles/2025-11-20/major-music-labels-strike-deals-with-new-ai-streaming-service
Techmeme
Sources: UMG, WMG, and Sony Music have licensed their works to Klay, which is building a streaming service that will let users remake songs using AI tools
By Lucas Shaw / Bloomberg. View the full context on Techmeme.
Lenovo reports Q2 revenue up 15% YoY to $20.45B, vs. $20B est., net profit down 5% to $340M, vs. $382M est., but adjusted net profit up 25% to $512M (P.R. Venkat/Wall Street Journal) https://www.wsj.com/business/earnings/lenovos-quarterly-revenue-rises-on-strong-ai-push-e176c19c
Techmeme
Lenovo reports Q2 revenue up 15% YoY to $20.45B, above $20B est., net profit down 5% YoY to $340M, below $382M est., but adjusted net profit up 25% YoY to $512M
By P.R. Venkat / Wall Street Journal. View the full context on Techmeme.
Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and agrees to buy Chronosphere for $3.35B (Samantha Subin/CNBC)
CNBC
Palo Alto tops earnings expectations, announces Chronosphere acquisition
The cybersecurity company said in July it would by Israeli cybersecurity provider CyberArk for $25 billion.
Techmeme
Palo Alto Networks reports Q1 revenue up 16% YoY to $2.47B, vs. $2.46B est., forecasts Q2 revenue in line with est., and acquires Chronosphere for $3.35B
By Samantha Subin / CNBC. View the full context on Techmeme.
Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56% (MacKenzie Sigalos/CNBC)
CNBC
Block's stock pops 9% on gross profit forecast, 3-year financial outlook
Block laid out long-term financial targets, projecting annual gross profit growth in the mid-teens through 2028.
Techmeme
Block expects gross profit to increase in the mid-teens YoY through 2028, reaching ~$15.8B, with adjusted operating income growing ~30% YoY; XYZ closed up 7.56%
By MacKenzie Sigalos / CNBC. View the full context on Techmeme.
A draft EO shows President Trump plans to grant the federal government sole power to regulate AI and create an "AI Litigation Task Force" overseen by the AG (Tina Nguyen/The Verge)
The Verge
Here’sΒ the Trump executive order that would ban state AI laws
Trump is launching an all-out broadside against states with strict AI regulations.
Techmeme
Draft executive order: President Trump plans to grant the US government sole power to regulate AI and create an “AI Litigation Task Force” overseen by the US AG
By Tina Nguyen / The Verge. View the full context on Techmeme.
Humain partners with Adobe and Qualcomm to develop AI tools for Arabic content, using Adobe's Firefly Foundry to build AI models and Qualcomm chips to run them (Stephen Nellis/Reuters) https://www.reuters.com/world/middle-east/adobe-qualcomm-partner-with-humain-generative-ai-middle-east-2025-11-19/
Techmeme
Humain partners with Adobe and Qualcomm to develop AI tools for Arabic content, using Adobe
By Stephen Nellis / Reuters. View the full context on Techmeme.
Sources: the US Commerce Department plans to approve the sale of up to 35K of Nvidia's GB300 servers or their equivalents to G42 and Humain each (Wall Street Journal) https://www.wsj.com/tech/ai/u-s-approves-deal-to-sell-ai-chips-to-middle-east-79d68f36
Techmeme
The US Commerce Department approves the sale of up to 35K Nvidia GB300 servers or their equivalents each to Abu Dhabi
From Wall Street Journal. View the full context on Techmeme.
Sources: ID verification startup Incode is in preliminary talks to raise between $150M and $300M at a valuation of up to $3B, up from a $1.25B valuation in 2021 (Bloomberg)
Bloomberg.com
ID Verification Startup Incode Seeks Up to $3 Billion Valuation
Incode Technologies Inc., an identity verification platform, is in preliminary talks to raise between $150 million and $300 million from investors ...
Techmeme
Sources: ID verification startup Incode is in preliminary talks to raise $150M to $300M at an up to $3B valuation, up from its $1.25B valuation in December 2021
From Bloomberg. View the full context on Techmeme.
Nvidia reports Q3 revenue up 62% YoY to $57.01B, vs. $54.92B est., Data Center revenue up 66% to $51.2B, and net income up 65% to $31.9B (Kif Leswing/CNBC)
CNBC
Nvidia shares rise on stronger-than-expected revenue, forecast
Nvidia CEO Jensen Huang said sales for the company's current-generation GPU, called Blackwell, are "off the charts."
Techmeme
Nvidia reports Q3 revenue up 62% YoY to $57.01B, above $54.92B est., Data Center revenue up 66% YoY, and forecasts Q4 revenue above est.
By Kif Leswing / CNBC. View the full context on Techmeme.
The US, the UK, and Australia sanction Russian bulletproof hosting provider Media Land, which provided services to cybercrime marketplaces and ransomware groups (Sergiu Gatlan/BleepingComputer)
BleepingComputer
Russian bulletproof hosting provider sanctioned over ransomware ties
Today, the United States, the United Kingdom, and Australia announced sanctions targeting Russian bulletproof hosting (BPH) providers that have sup...
Techmeme
The US, the UK, and Australia sanction Russian bulletproof hosting provider Media Land, which provided services to cybercrime marketplaces and ransomware groups
By Sergiu Gatlan / BleepingComputer. View the full context on Techmeme.