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Techmeme
October 8, 2025, 12:50 PM
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Top News

Bloomberg:
Nvidia and OpenAI's wave of circular deals escalates concerns that they're artificially propping up the $1T+ AI market that is tied to every part of the economy  —  A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.
Annie Palmer / CNBC:
Jensen Huang says AMD offering a 10% stake to OpenAI is “imaginative” and “surprising” considering that AMD was “so excited about” its next-generation chip  —  Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% …
Bloomberg:
Sources: xAI nears a deal to raise $20B in equity and debt, tied to the Nvidia GPUs that xAI plans to rent for Colossus 2, with Nvidia investing as much as $2B  —  Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp …
Sam Clark / Politico:
A website set up by a Danish software developer floods EU lawmakers with emails opposing planned EU “Chat Control” laws to fight CSAM by scanning encrypted apps  —  A software developer from Denmark is having an outsized influence on a hotly debated law to break open encrypted apps.
Suzanne Smalley / The Record:
German officials say they will vote against the EU's “Chat Control” proposals, signaling the bloc will not have enough support to pass the measure on October 14  —  German officials on Wednesday said they will vote against a European Union proposal to allow the scanning …
CryptPad Blog:
Open letter: 40+ European companies oppose the EU's “Chat Control” proposal, which would force services to scan messages for CSAM, fearing a backdoor mandate  —  Today we are adding our signature (and that of our parent company XWiki SAS) to a new open letter against the so-called “Chat Control” EU regulation.
Tom Warren / The Verge:
Microsoft delays last week's 50% price hike for existing Xbox Game Pass Ultimate subscribers in Germany, Ireland, South Korea, Poland, India, and other markets  —  Current subscribers in some European countries won't be affected by Microsoft's Game Pass price hikes just yet.
Naga Avan-Nomayo / The Block:
Polymarket CEO Shayne Coplan says the startup raised two undisclosed rounds: $55M at a $350M valuation in 2024 and $150M at a $1.2B valuation earlier in 2025  —  - Polymarket CEO Shayne Coplan says the prediction platform raised $55 million in 2024 and $150 million earlier this year.
Ben Thompson / Stratechery:
Q&A with Sam Altman on OpenAI's unifying vision, infrastructure deals, the investor mindset, ChatGPT apps, Instant Checkout, Sora, copyright, feedback, and more  —  Today's Stratechery Interview is with OpenAI co-founder and CEO Sam Altman.  I have interviewed Altman twice before …
Barbara Moens / Financial Times:
Sources: Meta and Apple are close to settling two EU antitrust cases and agreeing to a deal to change their business practices after a total €700M in DMA fines  —  US Big Tech groups in final stages of agreeing deal with Brussels to avoid series of escalating fines
Kurt Schlosser / GeekWire:
Amazon announces Amazon Pharmacy kiosks to quickly dispense medications to patients after an appointment, initially rolling out in its One Medical offices in LA  —  Amazon is erasing the distance between the doctor's office and the pharmacy with the introduction of new Amazon Pharmacy kiosks …
Financial Times:
Sources: OpenAI and Anthropic consider using investor funds to settle potential claims from multibillion-dollar lawsuits, as insurers balk at covering AI risks  —  Companies struggle to assess scale of financial risks emerging from artificial intelligence  —  OpenAI and Anthropic …
Washington Post:
An analysis of 1,100 TikTok users' watch histories across six months in 2024 shows just how effective TikTok is at getting even its heaviest users to watch more  —  More than 800 U.S. TikTok users shared their data with The Washington Post.  We used it to find out why some people become power users, spending hours per day scrolling.
Kerry Flynn / Axios:
Snappr, a visual content platform and a marketplace for professional photographers and editors, raised a $28M Series B led by Foundry and expands to Europe  —  Snappr has expanded its visual content platform, along with its network of photographers, to Europe after raising a Series B round, CEO Matt Schiller exclusively tells Axios.
Nick Lichtenberg / Fortune:
Harvard economist Jason Furman estimates that investments in data centers and information-processing software accounted for 92% of the US' GDP growth in H1 2025  —  U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology …
Bloomberg:
Sources: $TRUMP issuer Fight Fight Fight LLC is working to raise $200M to $1B to create a digital asset treasury company to accumulate the struggling token  —  The startup that issued Donald Trump's memecoin several days before his second presidential inauguration is working to raise …
Mark Hallam / DW News:
Germany's Federal Cartel Office opens an investigation into whether Temu is influencing the pricing of third-party merchants, potentially stifling competition  —  Germany's competition watchdog has announced an investigation of Chinese discount online retail site temu.com, suspecting it of influencing retailers' prices.
More: Reuters

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This is a Techmeme archive page. It shows how the site appeared at 12:50 PM ET, October 8, 2025.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

Dasha Afanasieva / Bloomberg:
US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry
John Revill / Reuters:
SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026
Financial Times:
UK filings: Revolut CEO and largest shareholder Nik Storonsky has changed his residency from the UK to the UAE; Revolut is awaiting a full UK banking license

Earlier Picks

Kunal Manchanada / Entrackr:
Raise Financial Services, the parent company of Indian stock trading and investment app Dhan, raised $120M led by Hornbill Capital at a $1.2B valuation
Anthropic:
Anthropic plans to open its first Indian office, in Bengaluru, in early 2026; Dario Amodei is visiting India to meet government officials and potential partners
The Keyword:
Google releases the Gemini 2.5 Computer Use model, built on Gemini 2.5 Pro's capabilities to power agents that can interact with UIs, in preview via the API
Anthropic:
Anthropic releases Petri, an open-source tool that uses AI agents for safety testing, and says it observed multiple cases of models attempting to whistle blow
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