Sources: Paris-based Pennylane, which makes accounting software, is discussing a $200M investment led by TCV at a $4.25B valuation, up from €2B in April (Yazhou Sun/Bloomberg)

Zoom Communications Inc. reported a 4.4% year-over-year increase in Q3 revenue, reaching $1.23 billion, surpassing the estimated $1.21 billion. Enterprise revenue also rose by 6.1% to $741.4 million, with a positive forecast for Q4 revenue, indicating strong demand for its expanded suite of business tools.

Big Tech companies are increasingly taking on significant debt to finance their artificial intelligence initiatives, raising concerns among investors about the sustainability of this financial strategy. In November, investors withdrew $3.5 billion from Bitcoin ETFs, marking a troubling trend for the cryptocurrency market as it heads toward its worst monthly performance since the 2022 collapse.

Pennylane, a French startup specializing in accounting software, is reportedly in discussions for a new funding round that could value the company at $4.25 billion, nearly double its previous valuation from just seven months ago.

US Commerce Secretary Howard Lutnick emphasized the need for the European Union to ease technology regulations while discussing potential steel and aluminum trade agreements. He also addressed the implications of selling Nvidia's H200 chips to China and the upcoming Supreme Court ruling on tariffs from the Trump Administration during an interview on Bloomberg Surveillance.

Commerce Secretary Howard Lutnick announced that the decision to authorize sales of Nvidia’s H200 artificial intelligence chips to China is currently awaiting President Donald Trump's approval. This move comes amid ongoing discussions about the implications of such sales on national security, as highlighted during Lutnick's appearance on Bloomberg Surveillance.

Amazon.com Inc. has revealed that its data center operations exceed 900 facilities across more than 50 countries, a significant expansion that highlights the company's growing infrastructure in response to increasing demand for cloud services and artificial intelligence applications.

Apple is reportedly set to release iOS 27, focusing on quality and performance improvements alongside new artificial intelligence features, as reported by Bloomberg's Mark Gurman. This update is anticipated to enhance user experience significantly.

Apple's upcoming iOS 27 update is set to focus on performance improvements and bug fixes, alongside the introduction of new artificial intelligence features, reminiscent of the Snow Leopard update from macOS. This strategic shift aims to enhance user experience and system efficiency.