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Techmeme
October 25, 2025, 1:40 AM
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Top News

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
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 …
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 …
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
See also Mediagazer
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.
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.
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 …
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.
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.
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.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:40 AM ET, October 25, 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

Josh Gerstein / Politico:
The firings of three Stars and Stripes journalists are on hold until September 4, when a judge set an injunction hearing to pause the firings during litigation

Jem Bartholomew / Columbia Journalism Review:
A look at Tom Rosenstiel's idea that journalists should “run toward” AI to improve journalism, using it to collect and analyze data, find false claims, and more

Gene Maddaus / Variety:
California lawmakers unveil a bill that changes state film and TV production tax credits to soften the impact of a new tax credit cap set on corporations

More News

Jay Peters / The Verge:
Netflix shuts down Boss Fight Entertainment, the game studio behind mobile game Squid Game: Unleashed, after acquiring it in March 2022
Sarah Perez / TechCrunch:
Automattic files counterclaims against WP Engine's October 2024 lawsuit and alleges that WP Engine has been abusing the WordPress trademark
Lizette Chapman / Bloomberg:
New York-based Valthos, which is developing AI tools to detect and prevent AI-enabled bioweapon attacks, raised $30M from OpenAI, Founders Fund, and Lux Capital
Jeannine Amodeo / Bloomberg:
Sources: banks are preparing to launch a $38B debt sale to fund Oracle data centers, including $23.25B for a Texas data center and $14.75B for a Wisconsin site
Stephen Nellis / Reuters:
IBM says it was able to run a key algorithm for correcting qubit errors, which runs alongside quantum chips, on readily available AMD chips; AMD closes up 7.63%
Emily Nicolle / Bloomberg:
Sources: JPMorgan plans to allow institutional clients globally to use their holdings of bitcoin and ether as collateral for loans by end of year
Eliza Gkritsi / Politico:
The EU accuses Meta and TikTok of violating their obligations to give researchers adequate access to public data on their platforms under the DSA

Earlier Picks

Cecilia D'Anastasio / Bloomberg:
Pricempire: after Valve updated the exchange rate of Counter-Strike digital items, the market fell by $1.75B, or 25%, on October 23; in 2024, a gun sold for $1M
Marcus Mendes / 9to5Mac:
Apple says it may turn off App Tracking Transparency in Europe, citing “intense lobbying” in Germany and other countries over alleged anticompetitive conduct
Max Chafkin / Bloomberg:
Trump's pardon of CZ is a gift to the crypto industry, which has spent heavily to ease regulations and rewrite history to remove associations with criminality
Jennifer Maas / Variety:
EA and Stability AI announce a partnership to build game developer tools, including “smarter paintbrushes” to quickly generate high-quality 2D textures
Todd Bishop / GeekWire:
Amazon blames a rare software bug and “faulty automation” for this week's massive AWS glitch, and says it has turned off the flawed automation worldwide
Shirin Ghaffary / Bloomberg:
OpenAI acquires Software Applications Incorporated, which is building an AI-powered user interface for macOS and raised $6.5M from Sam Altman and others
Tom Warren / The Verge:
Microsoft unveils Mico, a new character for Copilot's voice mode that responds with real-time expressions and is enabled by default, available in the US
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