Apple will use Google AI technology for updated Siri according to Bloomberg News

Nvidia CEO Jensen Huang warned that China may win the global AI race due to lower energy costs and fewer regulations compared to the West. He noted that Chinese tech companies receive significant energy subsidies, making power essentially free for AI operations. Huang criticized Western "cynicism" toward AI and expressed concern about US restrictions on chip sales to China, suggesting that multiple state-level AI regulations could hinder American competitiveness. Despite US export controls, Huang emphasized that American AI models maintain only a narrow lead over Chinese alternatives.

Snap exceeded Q3 revenue expectations with $1.5B and announced a $400M partnership with Perplexity AI to integrate its answer engine into Snapchat's chat by 2026. This marks Snap's first major external AI integration, complementing existing AI features like MyAI chatbot and creative tools. User growth remained strong with 943M monthly active users. CEO Evan Spiegel views this as part of a broader strategy to make AI more personal and social while creating a platform for AI companies to reach Snapchat's global audience.

Duolingo exceeded Q3 revenue expectations with $271.7 million, raising its 2025 forecast to over $1 billion. CEO Luis von Ahn highlighted that AI features, particularly in the Duolingo Max subscription tier, are driving profitability with a 72.5% profit margin. Paid subscribers increased by 34% to 11.5 million, with strong growth in China following a Luckin Coffee partnership. The company's AI-powered features—including Explain My Answer, Roleplay, Birdbrain, and Video Call with Lily—have enhanced user engagement, reduced speaking anxiety, and increased language learning confidence.

Arm Holdings delivered an exceptional third-quarter forecast, with projected revenue of $1.23 billion exceeding analyst expectations of $1.1 billion, driven by strong AI computing demand. Second-quarter results were equally impressive, with revenue up 34% to $1.14 billion and earnings of $0.39 per share, both surpassing forecasts. Royalty revenue increased 21% to $620 million across smartphones, data centers, and automotive sectors, while licensing revenue jumped 56% to $515 million. The company's energy-efficient chip designs, which now generate $200 billion annually for global chipmakers, provide a competitive advantage for power-intensive AI applications. Arm is strategically expanding beyond intellectual property licensing with its Compute Sub Systems initiative, developing full chips and components for partners. In the automotive sector, major manufacturers including BMW and Mercedes rely on Arm's platform for autonomous driving capabilities. Following the announcement, Arm shares initially rose 5% before settling at a 2% gain, with analysts attributing the company's premium valuation to its growth potential in the expanding AI market.