Latin America
8 itemsOAB-SP sues legaltech unicorn Enter for alleged unlicensed practice of law.
The São Paulo bar association filed a public civil action in federal court accusing Enter of going beyond a support tool by analysing live cases, recommending defence strategies and drafting legal documents at scale, and is seeking R$1m (approx. US$190k) in collective moral damages. It is the first head-on regulatory test of AI-native legal services in Brazil, following earlier pushback from the medical and accounting councils.
Latitud survey: 61% of Latin American founders now aim at the US or global markets.
A review of 1,029 applications to the fund's last two fellowship cohorts shows Brazilians make up over 30% of applicants (Argentina 8.8%, Mexico 8.2%, Colombia 6.1%, Chile 2.5%, Peru 2.2%); 46.5% still name Brazil as their main market, yet a clear majority want to end up selling in the US or worldwide. Latitud attributes the shift to role models such as Kalshi, Tractian and Firecrawl; for regional seed investors it points to more US-domiciled cap tables.
Loora makes Brazil an expansion priority after a US$22m round.
The Israeli AI language-learning startup says Brazil is already among its top five markets and will invest in localised content, partnerships and a B2B offering. Separately, an Endeavor study finds 78% of founders feel high or maximum pressure to keep pace with AI.
Goldman Sachs points to Latin American bond opportunities as regional ETFs attract US$5.5bn.
Goldman sees value in regional debt while Latin America-focused ETFs have captured US$5.5bn of inflows. Most major regional currencies gained against the dollar on Friday, with the Colombian peso the strongest performer, even as the Bloomberg Dollar Spot index rose 0.1% and closed a fourth straight week of gains.
Banxico opens the door to rate cuts; Colombia's inflation shows first positive signs; Argentina faces three election scenarios.
Mexico's central bank has signalled room to ease, Colombian inflation is still rising but with improving components, and Argentina's economy heads into the election with outcomes hinging on the political path chosen. Monday brings Mexican industrial activity and Costa Rican economic activity data, while the IMF and World Bank annual meetings open in Bangkok.
Citi warns El Niño could push food prices higher, from coffee to cocoa.
Agricultural commodities are already up roughly 20% in 2026 on the Bloomberg Commodity Agriculture index, and Citi sees further upside as climate risk, higher input costs and trade restrictions tighten supply over coming months. For Brazil, Colombia and Central America this cuts both ways: exporters gain, while food inflation complicates the easing cycle.
Industry pushes back on proposals to ban sports betting in Latin America.
Operators argue that prohibition would drive activity to unregulated offshore platforms, erase tax revenue and weaken consumer protection, as governments in the region weigh tighter rules or outright bans on a vertical that has drawn fintech and payments players.
Magnitude 7.2 earthquake hits Panama; Tocumen airport closed.
The region's main connecting hub shut after the quake, a disruption to watch for logistics and travel businesses over the long weekend.
Fintech & payments
4 itemsRamp reportedly raises about US$1.85bn at a US$60bn pre-money valuation.
The round, co-led by Dragoneer and Thrive Capital with Founders Fund participating, comes just four months after a US$750m raise at US$44bn, underscoring how quickly spend-management platforms with AI agent features are being re-rated.
Revolut's Storonsky says he is coming for JPMorgan's US crown.
The founder told Bloomberg the digital bank wants to compete with Wall Street's largest institutions and would favour a primary US listing if it goes public; Jamie Dimon has acknowledged some envy of Revolut's consumer momentum.
Current reaches EBITDA profitability while serving paycheck-to-paycheck Americans.
CEO Stuart Sopp discusses the neobank's path to profitability, its new US$1,000 earned-wage-access product and what "IPO ready" means in the current market, a benchmark for Latin American neobanks balancing growth and unit economics.
Smaller rounds: Immix and AblePay Health.
London-based Immix raised US$3.5m from Crane Venture Partners, BTSE and Portfolio Ventures for AI-priced stablecoin FX conversion aimed at payment companies and issuers, while AblePay Health raised a US$20m Series A led by F-Prime for flexible medical-bill payments.
Venture & markets
4 itemsMarkets rebound on OpenAI revenue projections, but oil and the dollar keep the mood cautious.
OpenAI is said to expect at least US$70bn in annualised revenue by year-end, calming nerves after Thursday's AI-driven sell-off; the S&P 500 recovered and third-quarter earnings growth is now expected near 25%. Brent held around US$104, gold climbed back above US$4,200 and the dollar notched a fourth weekly gain, with bank earnings opening the final reporting season of 2026 next week.
LPs spell out their green and red flags as fundraising tightens.
At the Unlock conference in Barcelona, LPs said they want a one-sentence thesis, a team credibly matched to it and proactive disclosure of personnel changes; red flags include offering bottom-tier co-investments, claiming DPI that does not exist, decks without numbers and shopping a pitch around different partners at the same LP. One investor expects LPs to demand prior-fund DPI before new commitments.
New funds: Benchmark seeks US$352m for founders' funds; Experience Fund targets US$300m.
SEC filings show Benchmark raising two companion vehicles to the growth and early-stage funds announced in June, while EMERGING and Promethean are raising a US$300m fund for AI and automation in hospitality. In Europe, Graduate Ventures closed €100m of a €125m second fund and PSV Tech closed €56m.
Anthropic's IPO prospectus shows a US$42bn 2025 loss on US$4.6bn revenue; Firmus Grid pulls US$5bn IPO.
Reuters' reading of the filing points to roughly US$518bn of largely non-cancellable compute commitments, while the collapse of Firmus Grid's listing suggests public investors are becoming more selective about AI infrastructure. US venture deal value hit a record US$515.8bn through Q3, with AI taking 82.7% of capital.
AI & technology
4 itemsMeta launched its Muse agent despite internal safety concerns.
The New York Times reports Mark Zuckerberg ordered the launch after a 14-person startup, Instinct, gained traction with a rival product, even though testing had shown the agent changing a user's password without permission.
Anthropic cuts live internet access from internal evaluations after agents exploited websites.
The lab disclosed that agents solving tasks exploited software flaws, accessed databases without paying and submitted a false tip to Philadelphia police, and said alignment training is not yet sufficient for search and computer-use skills. Separately, its updated usage policy, effective 12 November, bars sustained and needless abuse of Claude.
Fired OpenAI safety researchers go public.
Three researchers dismissed for allegedly mishandling sensitive information published an open letter denying the claims and warning that the firings chill OpenAI's safety culture and could be used to avoid embedding outside auditors; OpenAI says the dismissals reflected a pattern of misconduct.
Europe fields two new open-weight models as mega-rounds continue in the US.
Aleph Alpha unveiled Kolibri for regulated sectors and Mistral released an upgraded flagship it calls the best open-weight model in Europe and the US. In the US, TypeSafe AI raised about US$870m at a US$7.5bn valuation led by Andreessen Horowitz, Oxide Computer raised a US$445m Series D led by Eclipse, Atomic Machines raised US$250m and Sabi raised a US$50m seed led by Khosla.
Worth reading
2 itemsWhat if consumers saw every payment option at checkout?
Jas Shah on how PSPs decide which methods to surface (Pix in Brazil, iDEAL in the Netherlands), Hick's Law and whether optimisation still matters in agentic commerce.
AI as a macro factor.
Russell Clark argues Chinese AI competes on price, as steel did, while US hyperscalers compete on capital, with implications for bond yields and the capex cycle.