Tech News Briefing

Plus: Chinese automaker BYD posts disappointing earnings amid intense competition and regulatory pressure. And Universal Music Group signs a deal with AI music startup Udio. Zoe Kuhlkin hosts.

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Plus: GM will lay off more than 3,300 workers at EV and battery plants. And Amazon Web Services plans to invest an additional $5 billion dollars in South Korea to build new AI data centers. Julie Chang hosts.

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Plus: Verizon’s profit and revenue rise in the third quarter, but postpaid phone losses continue. And Paramount will cut roughly 2,000 workers across the company. Zoe Kuhlkin hosts.

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Plus: Nvidia unveils a new product that merges AI supercomputing with quantum. And the AI giant partners with Eli Lilly to build a supercomputer that could boost drug discovery. Julie Chang hosts.

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Plus: AI inference startup Fireworks AI is valued at $4 billion in its latest funding round. And Peter Thiel-backed startup Substrate raises more than $100 million to manufacture chips in the U.S. Zoe Kuhlkin hosts.

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“Circularity” is the latest buzzword in AI, as tech companies strike megadeals with each other. WSJ Heard on the Street columnist Jonathan Weil breaks down why these deals might be a win-win—and how they could go wrong. Plus, WSJ reporter Katherine Bindley explains what brought San Francisco out of the shadow of a doom loop. Belle Lin hosts.

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Plus: Apple and Microsoft are neck-and-neck in the race to become the stock market’s second $4 trillion company. And Amazon pledges more than $1.6 billion to bolster AWS and its retail business in the Netherlands. Julie Chang hosts.

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Plus: Novartis acquires Avidity Biosciences in a $12 billion deal. And Australia's consumer watchdog accuses Microsoft of misleading customers on AI pricing. Zoe Kuhlkin hosts.

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Plus: Alaska Airlines cancels hundreds of flights after a technology outage. And Santee Cooper is in talks to sell inactive nuclear reactors to Brookfield Asset Management to power AI data centers. Zoe Kuhlkin hosts.

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Plus: Anthropic expands Google Cloud partnership to access 1 million chips. And U.K. car manufacturing falls in wake of Jaguar Land Rover cyberattack. Zoe Kuhlkin hosts.

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