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October 25, 2025, 1:25 AM
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memeorandum
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| Bloomberg Law: |
Source: President Trump has picked Michael Selig, the chief counsel for the SEC's crypto task force, to chair the CFTC, amid a crypto push — President Donald Trump has picked Michael Selig to chair the Commodity Futures Trading Commission, according to an administration official …
More: BeInCrypto, Decrypt, Blockworks, Reuters, Blockonomi, The Block, Bitcoin Magazine, CoinGape, Cointelegraph, Crypto Briefing, and Bitcoin Insider
| Wall Street Journal: |
Sources detail how Sam Altman, Jensen Huang, Marc Benioff, and others brokered a call between SF Mayor Daniel Lurie and Trump to stop National Guard deployment — Sam Altman, Jensen Huang and Marc Benioff conferred with Mayor Daniel Lurie on how to persuade the president not to deploy the National Guard
More: The San Francisco Standard, SiliconANGLE, Implicator.ai, Financial Times, and CNBC
Bluesky: @polotek, @nerdjpg.com, @prisonculture, @jeremyz, @coachfinstock, and @darthbluesky. Truth Social: @realDonaldTrump …
| Greg Bensinger / Reuters: |
Lindo St. Angel, VP of hardware at Amazon's Lab126 R&D unit since 2010, plans to leave on October 31; he helped develop the Echo, Astro robot, and Fire tablet — A fifteen-year veteran of Amazon's devices division who had a hand in developing many of the most recognizable gadgets … | Junko Fujita / Reuters: |
Shares of Japanese optical fiber maker Fujikura are up ~171% YTD, outpacing the Nikkei's 22% and lifting its market cap to $33B+ amid the AI data center boom — - Shares in optical fibre maker up 160% since start of 2025 — Founded in 1885, Fujikura started out making silk and insulated wires| Bloomberg: |
Sources: PayPal to take over Carlyle's stake in Shopware, a German provider of e-commerce tools to merchants, with PayPal's stake increasing to ~41% from ~11% — PayPal Holdings Inc. is taking over a stake in German digital commerce company Shopware AG from a Carlyle Group Inc. fund, according to people with knowledge of the matter.| Hannah Murphy / Financial Times: |
Sources: X's advertising chief John Nitti, who joined in January, has left; X's CFO Mahmoud Reza Banki left in early October after less than a year in the role — John Nitti was considered a contender for CEO of the social media platform after Linda Yaccarino quit in July| Zachary Small / New York Times: |
Microsoft plans to bring its Halo franchise to the PlayStation for the first time with the launch of a 25th‑anniversary remake of Halo: Combat Evolved in 2026 — As part of a strategic shift away from exclusivity, Microsoft is bringing Halo to Sony's competing console for the first time.
More: Xbox Wire, PlayStation.Blog, XDA Developers, The Verge, CNET, Livemint, Windows Central, The Wrap, Washington Post, Neowin, BGR, Latest, TheGamer, Wall Street Journal, GamesRadar, IGN, PCMag, SlashGear, TechRaptor, Push Square, Press Start, Comic Book, GameSpot, Polygon.com, Kotaku, Tech4Gamers, IGN, PC Gamer, IGN, Thurrott, Tom's Guide, Game Developer, Video Games Chronicle, Blue's News, Notebookcheck, and Variety
| Reuters: |
Grindr board members Ray Zage and James Lu, part of an investor group that owns more than 60%, offer to take Grindr private for ~$3.46B; GRND closes up 18.63% — Two Grindr (GRND.N) board members, part of an investor group that owns more than 60% of the company, have proposed …
More: Forbes, Wall Street Journal, Proactive, and Sherwood News
| Bloomberg: |
Tether CEO Paolo Ardoino says the company expects to earn close to $15B in profit in 2025, up from around $13B in 2024 — Tether Holdings Ltd. expects close to $15 billion in profit this year, as the stablecoin issuer's rapid growth continues to attract investors keen to back the closely-held company.
More: CoinDesk, TheStreet, Coinspeaker, Cointelegraph, CoinDesk, BeInCrypto, and Crypto Briefing
| Jess Weatherbed / The Verge: |
OpenAI launches a “company knowledge” ChatGPT update to let Business, Enterprise, and Education users search for data in connected apps like Slack and GitHub — The ‘company knowledge’ update allows ChatGPT to be used as a search engine for workspace data.
More: OpenAI, VentureBeat, Computerworld, TechRadar, Implicator.ai, SiliconANGLE, The Register, Windows Report, WinBuzzer, TestingCatalog, Analytics India Magazine, and Neowin
X: @bradlightcap, @glenngabe, @levie, @fidjissimo, @kavinik, and @hemal. LinkedIn: Brian de Haaff. Bluesky: @edzitron.com
| Jessica DiNapoli / Reuters: |
Oreo maker Mondelez has spent $40M+ on an AI tool, developed with Publicis and Accenture, to cut costs for the production of marketing content by 30% to 50% — - AI tool cuts ad production costs by 30% to 50%, exec says — Mondelez has invested $40 million in AI tool, exec says| The Information: |
With an influx of Meta alums, some OpenAI staffers worry it is adopting Meta's tactics, like using social media dynamics with Sora and a softening stance on ads — This summer, Fidji Simo wasted no time addressing a concern among many at OpenAI. — Leading her first all-hands meeting …
X: @amir, @kalleyhuang, @kylebrussell, @miles_brundage, @rohanpaul_ai, @erinkwoo, @eric_seufert, @btibor91, @zephyr_z9, and @steph_palazzolo
Bluesky: @aelkus, @caseynewton, and @carnage4life
| Emily Mason / Bloomberg: |
Crypto.com follows Circle, BitGo, and others in applying for a US bank charter, as it seeks to further its custody-service business for products such as ETFs — Crypto.com became the latest cryptocurrency firm to pursue a US bank charter as it seeks to further its custody-service business … | Matt Day / Bloomberg: |
Interviews with 23 current and ex-AWS employees and others about AWS' challenges, including intense competition, internal bureaucracy, and lackluster AI efforts — The company that basically invented the cloud business is widely perceived as trailing its rivals in artificial intelligence.
More: Spyglass, Artificial Ignorance, Implicator.ai, and DatacenterDynamics
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