AI News: Microsoft, Nvidia Deal; Palantir Stock Drops; Scale AI Doubles

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AI continues to reshape industries, from legal practices to e-commerce and healthcare, while also influencing stock market performance and infrastructure deals. In the legal sector, Thomson Reuters and NetDocuments have partnered to integrate CoCounsel Legal, a professional-grade AI tool designed to automate time-consuming tasks like contract review, litigation research, and compliance analysis. This integration, which leverages both generative and agentic AI, aims to free legal professionals from manual work that often consumes 40-60% of their time, while ensuring document security and auditability for over 7,000 organizations. Healthcare is also seeing AI-driven efficiency, with Planbase launching an AI-native platform for employee management, automating tasks such as scheduling and payroll. The San Francisco-based company recently secured $2.1 million in seed funding from investors like Y Combinator and LocalGlobe to accelerate its product development. Meanwhile, Shopify reports a substantial increase in AI-powered shopping, with AI traffic up seven times and AI-driven orders up eleven times since January. Shopify is actively collaborating with ChatGPT, Perplexity, and Microsoft Copilot to enhance in-chat shopping experiences, noting that 64% of shoppers are likely to use AI for purchases. The company also posted strong Q3 financial results, with revenue up 32% to $2.84 billion. Beyond these sectors, India's SWAYAM platform has introduced seven new AI courses, including "AI/ML Using Python" and "Cricket Analytics with AI," to make AI learning more accessible. Food giants Cargill and General Mills are also adopting AI; Cargill uses AI-equipped cameras in its Texas slaughterhouse to increase meat yield, while General Mills employs AI for demand forecasting, cutting forecasting time by over 50%. However, the rise of AI also brings challenges, as Akamai Technologies warns of a concerning increase in sophisticated AI-powered bots that pose significant threats to online businesses through credential stuffing and other malicious activities. On the corporate front, CIOs are actively pushing for AI adoption within their organizations, focusing on comprehensive training and establishing clear guardrails. Deloitte, for instance, developed "Sidekick," a secure internal AI agent for employees to experiment safely, while Jabil's CIO May Yap created an AI and Data Council to guide deployment. In a significant infrastructure development, cloud-computing company Lambda announced a multi-billion-dollar AI infrastructure deal with Microsoft, which will deploy tens of thousands of Nvidia GPUs. Lambda, founded in 2012 and backed by Nvidia, has raised $1.7 billion and notes strong demand for AI infrastructure. Despite these advancements, the stock market experienced some volatility. Palantir Technologies (PLTR) saw a notable stock drop on Tuesday, contributing to a decline in US markets, particularly the Nasdaq composite, which fell 2%. This occurred even as Palantir reported another strong earnings report. In other company news, Scale AI's CFO Dennis Cinelli confirmed the company is thriving following its deal with Meta, reporting that its data business has grown every month and its applications business doubled in the second half of 2025, with the applications unit expected to be the primary revenue driver moving forward.

Key Takeaways

Thomson Reuters and NetDocuments partnered to integrate CoCounsel Legal, a professional-grade AI tool, for secure legal workflows, automating tasks that consume 40-60% of attorneys' time.
Planbase launched an AI-native platform for healthcare employee management, securing $2.1 million in seed funding from investors including Y Combinator.
Shopify reported a significant increase in AI-powered shopping, with AI traffic up seven times and AI-driven orders up eleven times since January, collaborating with ChatGPT, Perplexity, and Microsoft Copilot.
India's SWAYAM platform introduced seven new AI courses, aiming to make AI learning more inclusive across various fields.
Cargill uses AI-equipped cameras to increase meat yield, while General Mills employs AI for demand forecasting, cutting forecasting time by over 50%.
Akamai Technologies warned of a concerning rise in sophisticated AI-powered bots, which pose increased risks to online businesses through malicious activities like credential stuffing.
CIOs are prioritizing AI adoption by implementing training programs and establishing guardrails, with Deloitte developing "Sidekick" as a secure internal AI agent.
Lambda, backed by Nvidia, secured a multi-billion-dollar AI infrastructure deal with Microsoft to deploy tens of thousands of Nvidia GPUs.
Palantir Technologies (PLTR) stock experienced a significant drop on Tuesday, contributing to a 2% decline in the Nasdaq composite, despite the company reporting strong earnings.
Scale AI's CFO confirmed the company is thriving after its deal with Meta, with its data business growing monthly and its applications business doubled in the second half of 2025.

Thomson Reuters and NetDocuments partner for secure legal AI

Thomson Reuters joined NetDocuments' ndConnect program on November 4, 2025, integrating CoCounsel Legal directly with NetDocuments. This partnership offers secure AI tools for legal professionals, allowing them to safely share NetDocuments content with approved AI tools. Users can also save AI-generated work back into their systems, avoiding risky external file handling. This integration maintains document security and auditability for over 7,000 organizations. Dan Hauck, NetDocuments CPO, stated this bridge allows firms to use advanced AI without losing protection.

AI transforms legal work with CoCounsel Legal

On November 4, 2025, professional-grade AI is changing legal workflows by automating time-consuming tasks. Attorneys often spend 40-60% of their time on manual contract review, litigation research, and compliance analysis. CoCounsel Legal uses AI to automate contract analysis, speed up research with trusted Westlaw content, and improve compliance using Regulatory Intelligence from Practical Law. This tool introduces guided, multi-step workflows to manage entire projects, freeing legal professionals for more strategic work.

How generative and agentic AI power legal work

On November 4, 2025, generative AI and agentic AI are working together to streamline legal workflows. Generative AI creates content like drafts and summaries, while agentic AI plans and executes multi-step tasks. Combining these two types of AI allows for integrated, end-to-end legal processes. Professional-grade AI is crucial for legal work, offering specific training, high accuracy, and secure integrations. This approach ensures human oversight, allowing legal professionals to focus on complex judgment and strategy.

Palantir stock drop pulls down US markets

On Tuesday, US stock markets fell, with the Nasdaq seeing the biggest drop. This happened as AI-related stocks, including Palantir, were in the red despite positive earnings reports. The decline followed a recent rally driven by AI technology stocks. The benchmark S&P 500 also experienced a decrease.

Palantir stock sell-off hits Nasdaq hard

The stock market took a hit on Tuesday, mainly due to a large drop in Palantir Technologies (PLTR) shares. This occurred despite Palantir reporting another strong earnings report. The selling was concentrated in the Nasdaq composite, which fell 2% on lower trading volume. The number of losing stocks greatly outnumbered winners, showing a weakening trend in the index.

Lambda and Microsoft sign huge AI infrastructure deal

On November 3, 2025, cloud-computing company Lambda announced a multi-billion-dollar AI infrastructure deal with Microsoft. This partnership will deploy tens of thousands of Nvidia GPUs. Lambda CEO Stephen Balaban highlighted their eight-year relationship with Microsoft. Lambda, founded in 2012 and backed by Nvidia, has raised $1.7 billion and sees strong demand for AI infrastructure.

India's SWAYAM offers seven new AI courses

On November 4, 2025, SWAYAM, India's free online learning platform, launched seven new Artificial Intelligence courses. These courses are for learners across many fields, including science, commerce, education, and sports. The goal is to make AI learning more inclusive and practical, showing how smart technologies are changing every area. Offerings include AI/ML Using Python, Cricket Analytics with AI, and AI for Educators. Each course provides interactive modules, practical assignments, and real-world data.

Akamai warns AI bots threaten online businesses

Akamai Technologies released a new State of the Internet report showing a worrying increase in automated web traffic from AI-powered bots. These advanced bots are now more capable of acting like humans, posing a greater risk to businesses across all industries. Malicious bots are used for credential stuffing, account takeovers, inventory hoarding, and denial-of-service attacks. This surge threatens online business models by disrupting operations, harming customer trust, and causing financial losses. Akamai stresses the urgent need for businesses to improve their bot management and security strategies.

Planbase launches AI platform for healthcare staff

On November 4, 2025, Planbase launched its new AI-native platform for employee management in healthcare. This San Francisco-based company aims to automate tasks like scheduling, payroll, time tracking, and compliance for clinics. The platform can save large clinics hundreds of hours each month, cutting costs and allowing doctors and nurses to focus on patient care. Planbase also announced it raised $2.1 million in seed funding from investors like Y Combinator and LocalGlobe. This funding will help speed up product development and expand the company's reach.

Scale AI CFO says company thrives after Meta deal

Scale AI's CFO, Dennis Cinelli, stated the company is thriving despite a rocky period after its deal with Meta. He clarified that the Meta transaction was not an acquihire or licensing deal. Cinelli reported that Scale AI's data business has grown every month since the Meta deal, and its applications business doubled in the second half of 2025. The applications unit is expected to be the main revenue driver in the future. Scale AI, founded in 2016, continues to work with major AI labs and tech companies.

Shopify sees huge growth in AI-powered shopping

On November 4, 2025, Shopify announced a significant increase in AI-powered activity, with AI traffic up seven times and AI-driven orders up eleven times since January. Shopify President Harley Finkelstein credits this to the company's access to vast merchant and transaction data. Shopify is working with ChatGPT, Perplexity, and Microsoft Copilot to create in-chat shopping experiences. A recent survey showed 64% of shoppers are likely to use AI for purchases. The company is laying the groundwork for "agentic commerce" and reported strong Q3 financial results, with revenue up 32% to $2.84 billion.

CIOs push AI adoption with training and safety rules

On November 4, 2025, CIOs are focusing on training and guardrails to increase AI adoption in their organizations. Many businesses have not standardized AI, and employee training access is low. Guy Fruda from Deloitte emphasized that employees need training to use AI effectively. Jabil's CIO May Yap created an AI and Data Council to guide deployment, focusing on computer vision, machine learning, and generative AI. Deloitte also developed "Sidekick," a secure internal AI agent for employees to experiment safely. Art Thompson, CIO for the City of Detroit, stressed the importance of addressing AI accuracy concerns.

Food giants Cargill General Mills use AI

On November 4, 2025, food companies like Cargill and General Mills are using AI to make their operations more efficient. Cargill uses AI-equipped cameras in its Texas slaughterhouse to increase meat yield, potentially adding millions of pounds annually. General Mills uses AI for demand forecasting, which saves money, reduces waste, and improves customer service by predicting sales accurately. This has cut the time spent on forecasting by over 50%. AI also helps track supply chain risks, with companies like Tradeverifyd monitoring environmental and geopolitical threats. These AI applications aim to boost productivity without replacing human workers.