A US federal judge rules that OpenAI must produce 20M anonymized ChatGPT user logs in the copyright lawsuit brought by the New York Times and other news outlets (Blake Brittain/Reuters) https://www.reuters.com/legal/government/openai-loses-fight-keep-chatgpt-logs-secret-copyright-case-2025-12-03/
7AI, which builds AI agents that analyze and triage cybersecurity alerts, raised a $130M Series A at a ~$700M valuation, bringing its total raised to $166M (James Rundle/Wall Street Journal) https://www.wsj.com/articles/cybersecurity-startup-7ai-raises-130-million-in-series-a-funding-efb18f14
A profile of AI hearing aid startup Fortell, which has raised $150M so far and is targeting affluent clients in NYC with a $6,800 device that uses a custom chip (Steven Levy/Wired)
Flex, which offers AI-based financial services, credit, and more to mid-sized companies, raised a $60M Series B led by Portage, source says at a $500M valuation (Aditya Soni/Reuters) https://www.reuters.com/business/finance/ai-startup-flex-raises-60-million-offer-finance-tools-mid-sized-businesses-2025-12-04/
Sources: Meta plans deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January (Kurt Wagner/Bloomberg)
Taiwan's interior ministry announces a one-year ban on access to Chinese social media app Xiaohongshu, aka RedNote, citing 1,700+ fraud cases since 2024 (Ben Blanchard/Reuters) https://www.reuters.com/world/asia-pacific/taiwan-ban-chinas-xiaohongshu-app-one-year-fraud-concerns-2025-12-04/
The EU expects to launch a formal bidding process for its AI gigafactories in early 2026 and close it in summer 2026, as the bloc seeks to catch up with the US (Mauro Orru/Wall Street Journal) https://www.wsj.com/tech/ai/eu-to-open-bidding-for-ai-gigafactories-in-early-2026-809b7570?st=k7U8kH&reflink=desktopwebshare_permalink
AI legal software startup Harvey raised $160M led by a16z at an $8B valuation, up from $3B after raising $300M in February, taking its funding in 2025 to $760M (Michael J. de la Merced/New York Times)
Yann LeCun says his unnamed AI startup will not receive financial backing from Meta, will focus on advanced AI world models, and hints it will be Paris-based (Benoit Berthelot/Bloomberg) https://www.bloomberg.com/news/articles/2025-12-04/ai-pioneer-lecun-says-meta-won-t-invest-in-world-model-startup
The EU says it is gathering information and feedback from ~200 stakeholders on Google's offer to fix alleged antitrust violations linked to its ad tech business (Bloomberg) https://www.bloomberg.com/news/articles/2025-12-04/google-s-proposals-on-ad-tech-antitrust-compliance-tested-by-eu