The day in tech, in order.

MorningTraction
MiniMax and Zhipu shed a combined $150 billion from their peaks
China's two listed pure-play AI labs have crashed from their post-IPO highs — MiniMax below its IPO price, Zhipu down 81% — as token price wars and looming DeepSeek and Moonshot IPOs drain investor enthusiasm.
Source: Bloomberg via Moneycontrol ↗
MorningLaunch
Moonshot AI releases Kimi K3.1 Pro, a 3-trillion-parameter open-weight model
Kimi K3.1 Pro debuts fourth on the Artificial Analysis Intelligence Index with a 1-million-token context window, and Moonshot says full model weights will follow by November 4 — which would make it the highest-scoring open-weight model ever.
Source: CGTN ↗
AfternoonLaunch
Jack Dorsey's Block unveils Dessa, a voice AI trained only on human speech
Dessa is a full-duplex speech-to-speech model with no text pipeline — it listens and talks at once, laughs mid-sentence, and runs locally on a MacBook Pro with an M4 Max chip. It is a research preview for safety researchers, with no public release date yet.
Source: TechCrunch ↗
EveningPolicy
US Treasury proposes banning American investment in any Chinese AI company
The Treasury Department's draft rule would replace the current compute-threshold system with a blanket ban on US investment in Chinese AI developers, and extend the programme to Russia, Iran, North Korea and Cuba. Public comment runs until December 7; it is a proposal, not yet in force.
Source: Barron's ↗

Timelines are composed each morning from the previous day's verified news — every story links to the source it was checked against. See the full feed on the news page.