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Google Rolls Out Ads in AI Mode

Google Rolls Out Ads in AI Mode

Xiaomi lifts EV targets after rapid growth, India accelerates chipmaking plans with new facilities, and Australia expands social media bans.

Memorandum
November 22, 2025

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

In today’s edition we are tackling the following:

🏎️ Xiaomi raises 2025 EV deliveries after surpassing early production milestones. 📈 Nvidia beats forecasts as Blackwell chip demand surges past global supply.
🇮🇳 India targets chipmaking parity by 2032 with major new funding initiatives.
📺 Australia adds Twitch to youth social ban enforcing strict compliance penalties.
🧬 Quantum computing breakthrough boosts stability for commercial applications.

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TECHNOLOGY

Google begins showing ads in AI Mode, AI answers (BleepingComputer) ^_More:^{_{Search Engine Land}}^_,^_WordStream^_,^_Digiday
- Google now displays ads within AI Overviews and AI Mode on desktop, expanding beyond mobile placement.
- Advertisers using Performance Max and broad match campaigns automatically qualify for these new AI placements.
- Ads appear contextually integrated into AI-generated responses, marked as sponsored but more embedded than traditional results.
Xiaomi Lifts 2025 EV Target to 400K After Breaking Even (Bloomberg)
^_More:^_Reuters^_,^_CnEVPost^_,^{_{Autoevolution}}
- Xiaomi reached profitability in its EV division after just nineteen months, far faster than Tesla's timeline.
- The company hit its 350,000 unit target early and raised full-year guidance to over 400,000 deliveries.
- Production milestone of 500,000 vehicles achieved, with YU7 SUV outselling Tesla Model Y in China during October.
European Stocks Seen Higher as Nvidia Eases Fear (Bloomberg)
^_More:^_CNBC^_,^{_{CNN Business}}^_,^{_{NBC News}}
- Nvidia reported third-quarter revenue of fifty-seven billion dollars, beating expectations by sixty-two percent year-over-year growth.
- CEO Jensen Huang stated Blackwell chip demand is off the charts with cloud GPUs sold out.
- Stock initially surged five percent but reversed to close down three percent amid broader market concerns.

BUSINESS

India Aims for Chipmaking Parity by 2032 (Bloomberg)
_^More:_{^{Business Standard}}_^,_{^{Communications Today}}_^,_^Bisinfotech
- India's Technology Minister announced the nation will match global chipmaking capabilities by 2031-2032, creating level competition.
- The government deployed a ten billion dollar fund attracting Micron and Tata Group among ten producers.
- Three semiconductor facilities will begin commercial production early next year, supported by engineering talent and design expertise.
Coinbase to Acquire Vector.fun to Boost 'Everything Exchange Vision (The Block)
^_More:^_Fortune^_,^{_{Coinbase Blog}}^_,^{_{The Defiant}}
- Coinbase acquired Vector.fun to expand Solana trading access, marking its ninth acquisition in 2025 this year.
- Vector's technology will integrate into Coinbase's DEX trading to identify new onchain assets instantly on launch.
- Solana's decentralized exchange volume surpassed one trillion dollars in 2025, per Messari research and analysis data.
Streaming platform Twitch added to Australia's teen social media ban (BBC News)
^_More:^_Reuters^_,^{_{ABC News}}
- The Australian law will deactivate all existing Twitch accounts held by under-16s from 9 January and block new registrations.
- The inclusion of Twitch is based on its ‘online social interaction’ purpose, not just gaming, as determined by the eSafety Commissioner.
- Platforms failing to take “reasonable steps” to enforce the ban could face fines up to AUD 49.5 million under the new legislation.

MARKETS

S&P	660.98	+1.28%
NASDAQ	587.85	+0.37%
Dow	462.07	+0.87
10-Year	4.08%	↑ ~0.02 pp
Bitcoin	$84,291	-2.79%
Gold	$4,081.67	+0.06%

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WORLD

Brazil Draft COP30 Climate Deal Omits Plan to Exit Fossil Fuels (Bloomberg)
_^More:_{^{Foreign Policy}}_^,_^CBC
- Brazil's draft COP30 agreement excludes previous commitments to transition away from fossil fuel dependency.
- Environmental groups express concern over weakened climate targets ahead of critical international negotiations summit.
- The omission reflects growing tensions between economic development priorities and global climate action goals.
Lula Stares Down Trump and Scores Tariff Victory for Brazil (Bloomberg)
_^More:_^AP_^,_{^{Washington Post}}
- Brazilian President Lula successfully negotiated favorable trade terms, avoiding potential tariffs threatened by Trump administration.
- The diplomatic win strengthens Brazil's economic position and demonstrates effective bilateral negotiation strategy under pressure.
- Victory marks significant milestone in Brazil's efforts to protect agricultural exports and manufacturing sector interests.
Zelensky Navigates Russia-Ukraine Tensions Amid Trump Peace Plan (WSJ)
_^More:_{^{NBC News}}_^,_{^{CBS News}}_^,_^CNN
- Ukrainian President Zelensky faces complex diplomatic challenges as Trump proposes new framework for ending conflict.
- The proposed peace plan raises questions about territorial integrity and security guarantees for Ukraine's future.
- International allies monitor developments closely as negotiations could reshape European security architecture fundamentally.

FUTURISM

Breakthrough in Quantum Computing Announced by Research Team (BBC)
_^More:_^Nature_^,_{^{Harvard Gazette}}
- Scientists achieve significant quantum computing milestone that could accelerate development of practical quantum systems.
- The breakthrough addresses key challenges in quantum stability and error correction for commercial applications.
- Researchers believe advancement brings quantum computing closer to solving complex real-world problems effectively.
Artificial Intelligence Transforms Medical Diagnosis Capabilities (BBC)
_^More:_{^{Stanford HAI}}_^,_{^{Harvard Medical School}}
- AI systems demonstrate unprecedented accuracy in detecting diseases earlier than traditional diagnostic methods allow.
- Medical professionals embrace technology while maintaining human oversight to ensure patient safety and care quality.
- Integration of AI tools promises to reduce healthcare costs and improve outcomes across diverse populations.
Ozempic-Like Drug Shows Promise in Slowing Aging in Mice (Futurism)
^_More:^{_{Nature Biotechnology}}_^,_{^{Cell Metabolism}}
- Researchers discover weight-loss medication class may extend lifespan and improve healthspan in laboratory animal studies.
- The findings suggest potential applications beyond diabetes and obesity treatment for age-related disease prevention.
- Scientists caution that human trials are necessary before drawing conclusions about longevity benefits.

CONTENT

We Asked Roblox's CEO About Child Safety. It Got Tense (New York Times)
_^More:_{^{Wall Street Journal}}_^,_^Bloomberg_^,_^Reuters
- Roblox CEO faced challenging questions regarding platform safety measures and protection protocols for young users.
- The interview highlighted ongoing concerns about content moderation and predatory behavior on gaming platforms.
- Company's responses revealed tensions between growth objectives and implementing comprehensive child safety standards.
Slack Founder Stewart Butterfield on Building and Leaving (Lenny's Newsletter)
^_More:^_TechCrunch^_,^{_{The Verge}}^_,^_Bloomberg
- Stewart Butterfield reflects on Slack's journey from startup to Salesforce acquisition and his departure.
- Founder discusses lessons learned about product development, company culture, and knowing when to move on.
- Interview provides insights into entrepreneurial challenges and the emotional complexity of exiting successful ventures.
The New Silicon Valley: Inside Semiconductor Chip Manufacturing (The Verge)
^_More:^{_{Wall Street Journal}}^_,^_Bloomberg^_,^{_{Financial Times}}
- Semiconductor manufacturing is reshaping global technology landscape as nations compete for chip production dominance.
- Massive investments in fabrication facilities aim to reduce supply chain vulnerabilities and ensure technological sovereignty.
- The industry shift represents fundamental change in how and where critical technology infrastructure gets built.

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