Techmeme: CoinGecko: crypto's combined market cap rises 6%+ to hit $4T, recovering from a brutal weekend selloff as President Trump tries to calm US-China trade war fears (Bloomberg)

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October 13, 2025, 11:00 AM

Top News

Wall Street Journal:

OpenAI and Broadcom agree to co-develop and deploy 10GW of custom AI chips to run OpenAI's models over four years; sources: the deal is worth multiple billions — The companies plan to deploy 10 gigawatts of custom AI chips over the next four years — OpenAI and Broadcom are working together …

More: Engadget, CNBC, Livemint, Business Insider, Capital Brief, The Information, Reuters, New York Times, Broadcom Inc., Bloomberg Law, Proactive, Benzinga, Dow Jones Newswires, WinBuzzer, Yahoo Finance, Financial Times, Motley Fool, and Barron's Online

X: @patrickmoorhead, @patrickmoorhead, @benbajarin, @gdb, @benbajarin, @marceloplima, @deitaone, @openainewsroom, @kenziesigalos, and @zephyr_z9. Bluesky: @sungkim. Forums: r/wallstreetbets

Bloomberg:

CoinGecko: crypto's combined market cap rises 6%+ to hit $4T, recovering from a brutal weekend selloff as President Trump tries to calm US-China trade war fears — Most major cryptocurrencies rebounded from steep losses suffered over a brutal weekend selloff, as President Donald Trump sought …

More: Binance, Unchained, CoinShares Research Blog, The Block, South China Morning Post, Cryptonews, Ventureburn, Coinspeaker, BeInCrypto, The Wolf Den, Reuters, The Japan Times, and The Business Times

X: @heyibinance and @lawmaster

Emma Roth / The Verge:

Slack is testing an AI-based version of Slackbot that acts as a personalized assistant, operating via AWS' virtual private cloud, rolling out at the end of 2025 — The revamped Slackbot acts more like an AI companion that can help you create plans, schedule meetings, find files, and more.

More: ZDNET, Computerworld, and Implicator.ai. Bluesky: @tomwarren.co.uk

Larry Dignan / Constellation Research:

At Dreamforce 2025, Salesforce unveils Agentforce 360, a unified agentic AI stack to connect humans, AI agents, and more, and positions Slack as an “agentic OS” — Salesforce announced a series of product updates, a process intelligence acquisition and an Agentforce 360 architecture designed …

More: SiliconANGLE, CIO.com, Reuters, Investor's Business Daily, CNBC, ITPro, Reuters, TechCrunch, Salesforce, TipRanks Financial, CIO Dive, Techstrong.ai, The AI Economy, Ken Yeung, and diginomica

Connor Hart / Wall Street Journal:

Salesforce plans to invest $15B in San Francisco over the next five years, including funding an AI Incubator Hub and workforce programs; CRM is down 25% in 2025 — The investment will fund a new AI Incubator Hub and expand workforce-development programs, Salesforce says

More: Reuters, SFGATE, Dow Jones Newswires, Proactive, and Business Wire

Financial Times:

The Dutch government takes control of Chinese-owned Dutch chipmaker Nexperia using its Goods Availability Act, a first, to safeguard chip supply for Europe — Move by The Hague escalates frictions between western countries and Beijing over access to high-end technology

Bloomberg:

Wingtech's Shanghai-listed stock plunged 10%, its daily limit, after the Dutch government seized control of Nexperia, which Wingtech acquired in 2018 for $3.6B

More: Tom's Hardware, Telegraph, Implicator.ai, Reuters, Politico, Proactive, Yahoo Finance, Daily Sabah, Tech in Asia, DutchNews.nl, DigiTimes, Dow Jones Newswires, and The Economic Times. X: @zichenwanghere

Stephanie Stacey / Financial Times:

Strava CEO Michael Martin says Strava plans to launch a US IPO; Sensor Tower says Strava has 50M MAUs and users spent $180M+ on Premium in the year to September — CEO Michael Martin targets US IPO to raise capital for deals to keep Strava ahead of rivals including Garmin and Nike

More: The Times, Proactive, and TechCrunch

X: @hunter_weiss. Bluesky: @lkoro.es. Forums: r/Strava

Paul Sandle / Reuters:

Ofcom fines 4chan £20K under the OSA for failing to provide info on the risk of illegal content; the UK's tech minister says the government “fully backed” Ofcom — Britain said on Monday it had issued U.S. internet forum site 4chan with a 20,000 pound ($26,644) …

More: Ofcom, The Verge, The Record, The Register, Politico, The Independent, UKTN, and BelfastTelegraph.co.uk

X: @ofcom and @prestonjbyrne. Forums: r/europe

Financial Times:

Sources: London-based self-driving tech startup Wayve is in early stage talks with Microsoft and SoftBank to raise between $1B and $2B, valuing Wayve at ~$8B — London-based group seeks valuation of $8bn as global investors snap up deals with fast-growing AI start-ups

More: Reuters, Sifted, Implicator.ai, and Dow Jones Newswires

Eshe Nelson / New York Times:

Joel Mokyr, Philippe Aghion, and Peter Howitt win the Nobel Prize in Economics for their work on how innovation and technological progress helps economic growth — Joel Mokyr, Philippe Aghion and Peter Howitt won the prize for showing how “society must keep an eye on the factors that generate …

More: NPR, Forbes, The Guardian, NobelPrize.org, Reuters, Axios, NobelPrize.org, Financial Times, Reuters, The Indian Express, and Bloomberg

X: @mattyglesias, @patrickc, and @nobelprize

Bluesky: @smtuffy and @drodrik. Forums: r/technology

Alex Traub / New York Times:

John Searle, known for “the Chinese Room” thought experiment on AI consciousness, died on Sept. 16 at 93; his UCB tenure ended over alleged sexual harassment — His blunt debating and imaginative theorizing about artificial intelligence and the human mind made him a leading scholar.

More: Daily Nous, Colin McGinn, IFLScience, The Guardian, Daily Californian, and The Times

X: @atroyn, @eigenrobot, @teortaxestex, @thatguybg, and @romanyam

Bluesky: @amitorit, @rajivmote, @plantmaize, and @danfalk. Forums: Hacker News

George Hammond / Financial Times:

OpenAI's multibillion-dollar Nvidia and AMD deals add a new layer to its complicated ownership structure and dilute shareholders, like Microsoft and SoftBank — Microsoft, OpenAI's staff and non-profit arm are due close to 90% of start-up. But Nvidia deal will dilute shareholders

More: ComputerWeekly.com and TechCrunch

Cynthia B Brumfield / Metacurity:

Sources: the Trump administration cut 176 CISA jobs last week, as part of laying off 4,000+ US federal workers, and is likely to make further mass CISA layoffs — Scattered Lapsus$ Hunters leaked 5m Qantas, 23m Vietnam Air customers' records, Spanish cops dismantle GXC Team …

More: WinBuzzer and VietNamNet News. Bluesky: @neilcar

Robert Olsen / Forbes:

New York- and London-based ClaimSorted, which uses AI to help speed up insurance claims and works with 20+ insurers, raised a $13.3M seed led by Atomico — Robert Olsen is a journalist covering transatlantic business news. … The tedious, time-consuming process of settling insurance claims is practically begging for disruption.

More: FinTech Global, EU-Startups, and BusinessCloud

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This is a Techmeme archive page. It shows how the site appeared at 11:00 AM ET, October 13, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

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

Pamela McClintock / The Hollywood Reporter:

Disney's Zootopia 2 surpasses $1B at the global box office, the fastest PG-rated film to do so after just 17 days in release

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

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More News

Brandi Vincent / DefenseScoop:

Anduril plans to make 100 units of its AI-powered EagleEye helmet and eyewear for the US Army by Q2 2026, replacing Microsoft's IVAS; Meta provided some tech

More: Business Insider, TechCrunch, The Verge, Anduril Industries, Breaking Defense, and Defense Daily

X: @palmerluckey, @jawwwn_, @anduriltech, @anduriltech, @anduriltech, and @anduriltech

Spencer Soper / Bloomberg:

Amazon plans to hire 250K workers for the 2025 holiday season, the same as in 2023 and 2024, including full-time and part-time, and will pay $19/hour on average

More: Reuters, Associated Press, About Amazon, WPXI-TV, and Dow Jones Newswires

Financial Times:

Sources: UK security services including MI5 step up work with the country's largest companies over hacking fears and to improve UK cyber warfare preparedness

Bloomberg:

Tencent is investing in shooting games, traditionally dominated by Western companies, after the 2024 success of Delta Force, which still has 30M players daily

Andrew Edgecliffe-Johnson / Semafor:

A profile of eBay CEO Jamie Iannone, who said the platform was “too complacent” in 2020 and now focuses on its power users, boosting its stock by ~50% in 2025

New York Times:

Parisians and BHV Marais staff protest Shein's 1,000-square-meter store, set to open November 1, as France tries to curb the company's presence in the country

More: MediaPost and Reuters

Daniel Wu / Washington Post:

Data center proposals are facing growing opposition from towns across the US, as residents and officials raise concerns about water and electricity use

Bluesky: @justinhendrix and @tweetintheblind

Calder McHugh / Politico:

Q&A with journalist Jacob Silverman on his new book Gilded Rage, the radical politics of certain tech elites, AI's impact on Silicon Valley politics, and more

More: Implicator.ai, The Nerd Reich, The Times, Tech Won't Save Us, and Bloomberg

Bluesky: @burritojustice, @robertscotthorton, @michaelemann, and @jacobsilverman.com. Forums: r/politics

Earlier Picks

Reuters:

Warburg Pincus agrees to acquire German industrial software company PSI for over €700M, offering €45 per share; PSI's stock closed at €33.20 on October 10

More: Reuters, MarketScreener, and Dow Jones Newswires

Yi-Ling Liu / Rest of World:

Young people in China are turning to AI chatbots like DeepSeek and ByteDance's Doubao for therapy to save time and money and avoid stigma around mental health

More: Forbes. X: @jchengwsj, @rinachandran, and @yilingliu95. Bluesky: @vegandroid

Christopher Mims / Wall Street Journal:

Robots that collaborate with humans, or “cobots”, are bringing automation to even the smallest US factories, as the US tries to reshore foreign manufacturing

LinkedIn: Michael Weening. Bluesky: @fagankara. Mastodon: @grumpasaurus@infosec.exchange

Fortune:

AI sparks a fierce new war for users in the browser market, as agentic AI browsers like Perplexity's Comet and Opera's Neon compete with Gemini-enhanced Chrome

More: Android Police, Michael Tsai, How-To Geek, and MakeUseOf. Bluesky: @carljanderson

Derek Thompson:

How disparate forms of media and entertainment are converging on a continuous flow of episodic video, across streaming services, podcasts, and social media apps

X: @sandersonmatt, @stephenwatt_, and @patcaldwell

LinkedIn: Andy Hasselwander, Justin Bruno, and Vanessa Otero

Bluesky: @taumuyi, @mclendaniel, @szadkowski, @bobhayes, @maxread.info, and @dkthomp