Big AI spending keeps rising

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Tech Across the Globe

Actually, no Blackwell talks: US President Donald Trump said his trade discussion with Chinese President Xi Jinping did not cover Nvidia’s Blackwell AI chips, a reversal from his earlier comments suggesting they’d be up for negotiation.

Character.AI age restrictions: AI startup Character.AI will ban kids from having conversations with chatbots on its platform following a raft of lawsuits and growing pressure from lawmakers.

Uber-run robotaxis headed to SF: Uber is preparing to offer driverless rides in the San Francisco Bay Area for the first time next year, in partnership with Lucid and Nuro, putting the rideshare company in direct competition with Waymo.

Etsy CEO: Online marketplace Etsy named Kruti Patel Goyal its new CEO as it reported adjusted earnings that were better than some analysts had feared. The company is trying to lift itself out of a sales slump.

Revalued

Harvey, a startup building AI tools for law firms, was valued at $8 billion after raising $150 million in a round led by Andreessen Horowitz — the startup’s third major funding round in 2025. In August, Harvey said it was generating more than $100 million in annual recurring revenue and employed 350 people.

Must Read

Microsoft, Meta and Alphabet on Wednesday delivered forecasts for continued higher spending on data centers and other infrastructure to power artificial intelligence, Matt Day reports in today’s Tech In Depth. But investors didn’t accept the spending as easily as they had before, particularly questioning whether Meta and Microsoft would turn the rising tide of expenses into future revenue, he writes.

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This Week in Q&AI

OpenAI’s deal with Microsoft announced earlier this week that lets the AI firm move forward with its plans to become a for-profit company is a decisive win, Shirin Ghaffary reports in this week’s Q&AI.

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