Welcome back to your daily memorandum talking tech, business, AI, markets, and more. 🗞️

In today’s edition, we are tackling the following:

🚀 Google unveils orbital Project Suncatcher to build data centers by 2027.
💻 Apple to launch sub-$1,000 Mac laptop targeting students and casual users.
⚖️ Amazon warns Perplexity over an AI agent violating the shopping platform terms.
🌪️ Typhoon Kalmaegi kills 58 in the Philippines, heading toward Vietnam.
📉 Palantir stock drops 8% despite strong revenue growth.

TECHNOLOGY

• Apple Readies a Low-Cost Laptop to Rival Chromebooks and Windows PCs (Bloomberg) 
  _{^{More: MacRumors, Digital Trends, PetaPixel}}

  • Apple plans to launch a budget Mac laptop priced well under $1,000 in early 2026.

  • The device codenamed J700 will use an iPhone A-series chip rather than Mac M-series processors.

  • It targets students and casual users, competing directly with Chromebooks in the education market.

• OpenAI Brings Sora Video-Generating App to Android Devices (Bloomberg) 
  _{^{More: TechCrunch, CNBC, 9to5Google}}

  • OpenAI launched its Sora AI video generator on Android, one month after its iOS debut.

  • The app is available in seven countries, including the US, Canada, and Japan, initially by invitation.

  • Sora reached over one million downloads within five days of its iOS launch in September.

• Introducing MAI-Image-1, debuting in the top 10 on LMArena (Microsoft AI) 
  _{^{More: Digital Trends, Tom's Guide, PetaPixel}}

  • Microsoft launched MAI-Image-1, its first fully in-house developed AI image generation model November 4.

  • The model debuts in LMArena's top 10 and is now available in Bing Image Creator.

  • Microsoft prioritized photorealistic imagery and speed, reducing reliance on third-party AI models like DALL-E.

BUSINESS

• Amazon Demands Perplexity Stop AI Agent From Making Purchases (Bloomberg) 
  _{^{More: CNBC, Investing.com, SiliconANGLE}}

  • Amazon sent a cease-and-desist letter accusing Perplexity of computer fraud and violating the terms of service.

  • The e-commerce giant claims Perplexity's Comet browser agent degrades shopping experiences and introduces privacy vulnerabilities.

  • Perplexity rejected the claims as bullying, arguing that users have the right to hire digital assistants.

• Norway's wealth fund vote is the latest blow to Musk's $1 trillion pay package (TechCrunch) 
  _{^{More: Bloomberg, CNBC, The Irish Times}}

  • Norway's sovereign wealth fund voted against Tesla's $1 trillion compensation package for CEO Elon Musk.

  • The fund holds a 1.14 percent stake valued at approximately eleven billion dollars in Tesla.

  • Advisory groups ISS and Glass Lewis also recommended voting against the record pay package proposal.

• Palantir stock drops 8% on valuation concerns as CEO Karp rips short seller 'market manipulation' (CNBC) 
  _{^{More: Bloomberg, Washington Post, Fortune}}

  • Palantir shares fell eight percent despite beating Q3 earnings estimates with sixty-three percent revenue growth.

  • Big Short investor Michael Burry disclosed roughly nine hundred million dollars in bearish put options.

  • CEO Alex Karp called short positions market manipulation, defending Palantir's forward price-to-earnings ratio of 254.

MARKETS

WORLD

• Typhoon Kalmaegi kills at least 58 in the Philippines, heads toward Vietnam (Reuters) 
  _{^{More: Bloomberg, CNN, Al Jazeera}}

  • Typhoon Kalmaegi killed at least fifty-eight people in the Philippines, mostly in Cebu province flooding.

  • A military helicopter crashed during rescue operations, killing all six crew members on board on Tuesday.

  • The storm is forecast to make landfall in central Vietnam on Thursday, threatening flood-affected regions there.

• U.S. proposes that the UN authorize a Gaza stabilization force for 2 years (The Washington Post) 
  _{^{More: Axios, The National, UN News}}

  • The U.S. circulated draft text for a Security Council resolution mandating Gaza stabilization through 2027.

  • The force would work with a Board of Peace to govern Gaza and demilitarize the strip.

  • China and Russia are expected to become the biggest opposition to the U.S. proposal's passage.

• Sudan civil war spiralling out of control, UN secretary-general says (Guardian) 
  _{^{More: CNN, ABC, Washington Post}}

  • UN Secretary-General Guterres warned that Sudan's war is spiralling out of control after El Fasher fell.

  • The Rapid Support Forces reportedly killed over four hundred fifty people in a hospital.

  • More than fourteen million people have been displaced since the conflict began in April 2023.

• Conversational AI has become a board-level priority in financial services*

  • ElevenLabs’ latest report explores how banks and insurers, to fintechs, are deploying enterprise-grade AI agents.

  • Download The State of Conversational Agents in Financial Services to see how leaders are redefining efficiency and loyalty in a highly regulated industry.

  • Cut costs, scale service, and drive customer trust, all while staying compliant. 

FUTURISM

• Google wants to build solar-powered data centers in space (Semafor) _{^{More: 9to5Google, The Register, SiliconANGLE}}

  • Google announced Project Suncatcher to launch TPU-equipped satellites into orbit by early 2027 with Planet Labs.

  • Satellites in sun-synchronous orbit could receive eight times more solar power annually than terrestrial panels.

  • The project requires launch costs to drop below two hundred dollars per kilogram to become economical.

• Amazon sends legal threats to Perplexity over agentic browsing (TechCrunch) 
  _{^{More: Bloomberg, CNBC, Decrypt}}

  • Amazon sent Perplexity a cease-and-desist letter demanding its Comet browser stop shopping on the platform.

  • Amazon claims Comet violates the terms of service by not identifying itself as an AI agent.

  • Perplexity argues that AI agents acting on a user's behalf automatically have the same permissions as humans.

• Gemini for Home Google Nest camera hands-on (The Verge) 
  _{^{More: 9to5Google, Google Blog, Tom's Guide}}

  • Google launched Gemini-powered Nest cameras with 2K HDR resolution and detailed AI-generated event descriptions.

  • Advanced features require a Google Home Premium subscription, starting at ten dollars per month for users.

  • Cameras provide natural language video search and daily summaries of recorded footage using Gemini AI.

CONTENT

• Tareq Amin on Building a New Tech Superpower (All-In Podcast)

  • Tareq Amin discusses Saudi Arabia’s plan to become an AI and semiconductor hub under Vision 2030 and MBS’s leadership.

  • He outlines Humain’s strategy for partnering with foundational model providers and leveraging energy and talent advantages.

  • The conversation explores U.S.–China relations, the Middle East’s AI race, and the geopolitical stakes of technological sovereignty.

• If I Wanted to Create a Business That Runs Itself, Here's What I'd Do (Alex Hormozi)

  • Alex Hormozi breaks down the systems and delegation principles needed to build a self-sustaining, scalable business.

  • He shares operational lessons from scaling Acquisition.com and how founders can engineer autonomy through process design.

  • The episode emphasizes hiring leverage, cash efficiency, and mindset as the foundation for long-term entrepreneurial freedom.

• Joe Rogan Experience #2404 – Elon Musk (PowerfulJRE)

  • Elon Musk talks about SpaceX, Neuralink, and the progress of Tesla’s autonomous and humanoid robotics programs.

  • He delves into AI governance, OpenAI’s transformation, and the risks of misinformation on social platforms like X.

  • The wide-ranging discussion blends technology, philosophy, and humor in exploring humanity’s accelerating march toward AGI.

EXTRAS

• The Trump administration nears deals with pharmaceutical companies to offer obesity drugs for $149 a month (CNN) 
  _{^{More: U.S. News, Political Wire, Fox Business}}

  • The Trump administration nears agreements with Eli Lilly and Novo Nordisk to cut obesity drug prices to $149 monthly.

  • The deals would allow Medicare coverage for drugs like Wegovy and Zepbound, currently priced at $1,000 to $1,350.

  • Trump expected to announce the agreements on Thursday as part of his Most Favored Nation drug pricing initiative.

• Bitcoin falls below $100,000 for the first time since late June (CNBC) _{^{More: CryptoNews, The Block, Sherwood News}}

  • Bitcoin dropped below $100,000 to $99,966, marking its first time under that threshold since June 23, 2025.

  • Crypto mining stocks plummeted with Hut 8, Core Scientific, and Cipher Mining declining between 20% and 30% each.

  • The sell-off reflects broader risk-off sentiment amid AI trade concerns and fading confidence in Fed rate cuts.

• Uber stock dips despite strong Q3 earnings with Wall Street wanting more (Yahoo Finance) 
  _{^{More: CNBC, GuruFocus, 24/7 Wall St}}

  • Uber reported Q3 revenue of $13.47 billion, beating estimates, but shares fell 5% on cautious Q4 guidance.

  • Net income reached $6.6 billion with EPS of $3.11, though $4.9 billion came from a one-time tax benefit.

  • Gross bookings surged 21% to $49.74 billion while trips increased 22%, marking record volume for the company.

AND MORE

• Asian markets pull back sharply as stretched valuation fears after the Wall Street sell-off.

• EU holds last-minute talks to set new emissions target ahead of COP30.

• Tesla’s UK car sales slumped by 51 % in October compared with a year ago.

• Ireland’s services sector expands at the fastest pace this year in October, survey shows.

• Aid agencies say insufficient food and tents are reaching Gaza as winter nears.

• U.S. imposes sanctions on eight individuals and two entities over North Korean money-laundering schemes.

• Shares of China’s EV maker Seres fall nearly 2% in Hong Kong debut despite $1.84 bn listing.

• Solve complex ML challenges quickly with AI Devvvs, connecting you to top-tier specialists ready to deliver real results.*