Week in Product #463 🚀

Gemini 3.0 launches, Bezos returns as AI CEO, xAI's $230B valuation, Google's travel AI, EU loosens AI rules, How PMs build with AI, Perplexity's voice browsing & more

Hi friends 👋

Happy weekend, and welcome to a new Week in Product!

🎰 The week in figures

$57B: Nvidia reported record Q3 earnings of $57B (up 62% YoY), projecting $65B for Q4, with 90% from data centers; however, it expressed uncertainty about its $100B OpenAI deal, citing “no assurance” of completion

$15B: xAI entered advanced talks to raise $15B at a $230B valuation

$6.2B: Jeff Bezos will co-lead an AI company called Project Prometheus, marking his first operational role since stepping down from Amazon in 2021. The startup, focused on AI for engineering and manufacturing, has raised $6.2B, making it one of the most heavily funded early-stage ventures globally

$5B: Beast Industries, YouTuber MrBeast’s company, is valued at $5B+ after generating $400M in revenue last year

$900M: Luma AI raised $900M and announced a partnership with Humain to build out a massive 2GW compute cluster to pursue its vision. The thesis: to reach AGI, we’re going to leverage data of all types and pursue a multimodal model approach. Humain is, of course, the Saudi Arabian AI effort housed in the state’s Public Investment Fund, giving it ample financial and energy resources to bring to bear

$300M: Ramp raised $300M in a primary financing round and an employee tender offer, at a $32B valuation, $1B in annualized revenue, and over 50k customers

$298M: Function Health raised $298M at $2.5B valuation to upgrade its lab testing and health services by connecting its data to AI models

$250M: Suno, the AI music platform, raised $250M at a $2.45B valuation. Despite lawsuits from major record labels, it’s seen rapid growth, from $500M in May 2024

$200M: Kraken raised $200M, bringing the crypto exchange’s dual-tranche round to $800M and lifting its valuation to $20B as it looks towards a US IPO

$135M: Sakana AI raised ~$135M Series B at ~$2.6B valuation, becoming Japan’s most valuable unicorn for its innovative AI research on things like continuous thought machines and inference time-scaling

$115M: NestAI has raised €100M ($115M) in a round that will help the Finnish startup build what it calls Europe’s leading “physical AI” lab, as it develops AI systems for unmanned vehicles, autonomous operations, and defence-focused command platforms

$100M: Intuit has signed a multi-year agreement for more than $100M with OpenAI to integrate its models across finance tools, including TurboTax, QuickBooks, and others. It will also let users access real-time guidance within ChatGPT

$100M: Federato raised $100M in a Series D to scale its AI-native platform that spans the entire insurance policy lifecycle

2M: Meta’s Vibes AI feed has about 2M daily active users as of November 9, with most growth coming from India (704K users, up 22%) and Brazil (114K users, up 13%)—for comparison, Threads has 150M DAU

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📰 What’s going on

Google launched Canvas AI mode, a feature that builds a travel board showing hotels, flights, maps, photos, reviews and activity ideas in one place. A simple prompt like “a weekend in Barcelona with museums and good food” leads to a full layout of places to stay, walking routes, restaurants, neighbourhoods, etc

Google is testing ads in its ‘AI mode.’ Google offers AI subscriptions, which means that some of its users likely won’t have to deal with these intrusions. OpenAI, you are up next

Gemini 3.0 is officially here, and early reactions have been really positive. After the relative disappointment of GPT-5, commentators and the markets were warning of an impending AI bubble burst, but the arrival of Gemini 3.0 seems to have quelled those fears, at least for now. For developers, Gemini 3.0 puts Google back into the mix as a legitimate coding partner, and Google marked the launch with the release of a new agentic coding tool called Antigravity, which pits itself directly against tools like Cursor and Visual Studio Code

Google began its global Gemini rollout to Android Auto users on November 20, embedding conversational AI into vehicles worldwide. The deployment spans 45 languages and will continue over the next two months

Google also released Nano Banana Pro this week - the updated version of its image editing tool

YouTube started experimenting with a new social feature where users can send messages directly inside the YouTube mobile app

Microsoft announced Agent 365, a control plane that discovers, manages, and secures AI agents in an organization. Think of it as the IT admin dashboard for your AI workforce

Figma Make users can now use Gemini 3.0 when creating designs in Figma Make, and this week, the company also rolled out a new MCP functionality called Connectors. Figma Make now has access to a bunch of different third-party tools, including Notion and Linear

xAI’s new Grok 4.1 impresses, boasting enhanced emotional intelligence and creativity. It reduces hallucination rates and factual errors, ranking first in emotional intelligence benchmarks

Perplexity launched a free shopping agent with PayPal integration, rivaling ChatGPT’s Atlas. It also launched its AI browser Comet for Android, including voice-driven browsing

Alibaba has rebranded its AI chatbot from Tongyi to Qwen and enhanced shopping on platforms like Taobao, looking to rival OpenAI and Google

Spotify launched SongDNA, which showcases the real-world humans behind a song

The EU is scaling back its landmark GDPR privacy rules and AI law under intense pressure from US tech companies and the Trump administration. The European Commission’s proposed changes would allow AI companies to use personal data for training models and delay the enforcement of high-risk AI system rules scheduled for next summer

IBM and Cisco partner to connect quantum computers over long distances by early 2030s, as US researchers develop a quantum Teleportation Photon entanglement device for quantum communication over distance

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📚 Good reads

Ben Evans shared his biannual presentation exploring macro trends, which is always a good read. He makes the argument that for every new platform, we forget how many ideas failed and how unclear everything was. In the context of AI, he points to browsers, AI agents, voice, MCP and GEO as examples of new trends that may or may not be a glimpse of what the future looks like

The PMF treadmill in AI is exhausting and necessary. Elena Verna explains how AI products and markets keep shifting so fast that PMF isn’t a milestone anymore, but a subscription you must constantly re‑earn. E.g. teams need to rebuild messaging, funnels, and sales narratives every quarter because model leaps reset what “good” looks like and who the core user is. Stability will only return when progress slows, UX patterns settle, and buyers care more about outcomes than features; until then, ship fast and pace yourself. What a time to be alive…

How to use AI for research. Neil McConvey, UX researcher at Flipdish, explains how he uses Gemini, Dovetail, and other generative UI tools to structure planning, speed transcript analysis with project-specific context, and turn reports into dashboards

AI prototyping tools bake-off and workflow. Aakash Gupta and Alex Danilowicz pit V0, Magic Patterns, Replit, Lovable, Bolt against the same prompt. V0 narrowly wins on balance, and Magic Patterns seems best for fast iterations. Their suggested strategy is to pick tools by job: Magic Patterns for visual/user research and system presets, and V0/Replit/Bolt for full‑stack with actual APIs

Top AI PMs build in public, ship code, prototypes, and open-source frameworks. At a time when AI lets you do so much, proof of work beats credentials. Shubham Saboo (AI PM at Google) has 484 contributions on GitHub and shows the new bar: technical fluency, daily iteration, public artifacts...he’s a builder. PMs, start building: small AI apps, side fun project (ship to GitHub), and, why not, make your portfolio a product!

The creative barrier is gone. Some inspiration to follow up on the piece above. Jaclyn Konzelmann shares how Gemini 3, AI Studio’s Build tab, and NotebookLM let her ship a personal site, a salad cookbook, an interactive running game, and a space alphabet for her kid in just 48 hours (!) What are you going to build?

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That’s a wrap for this week! 🌟

I’d love to hear your thoughts on WIP. Reply to the email or drop a comment on Substack to share your take, and if you found this valuable, forward it to a fellow PM, Product enthusiast, startup founder, or entrepreneur who’d enjoy the read

More next week! 👋

Angel