Techmeme
October 28, 2025, 1:30 AM

Top News

Greg Bensinger / Reuters:
Sources: Amazon plans to lay off ~10% of corporate staff, or ~30,000 people, its largest layoffs since 2022, to reduce costs and address pandemic overhiring  —  Amazon (AMZN.O) is planning to cut as many as 30,000 corporate jobs beginning Tuesday, as the company works to pare expenses …
Washington Post:
Grokipedia, a Grok-powered online encyclopedia, launches with over 885K articles; Elon Musk has touted it as a less biased alternative to Wikipedia  —  The right-leaning tech magnate is touting his own online encyclopedia as an unbiased alternative, but it went down after about an hour.  —  just now
Kif Leswing / CNBC:
Qualcomm unveils two AI inference chips, the AI200, set for 2026, and the AI250, planned for 2027, and says Humain is the first customer; QCOM closes up 11%  —  Qualcomm announced Monday that it will release new artificial intelligence accelerator chips, marking new competition for Nvidia …
OpenAI:
OpenAI estimates that around 0.07% of ChatGPT users active in a week show “severe mental health symptoms” like mania, and details its safety improvements  —  We worked with more than 170 mental health experts to help ChatGPT more reliably recognize signs of distress, respond with care …
Vallari Srivastava / Reuters:
NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020  —  U.S. utility NextEra Energy (NEE.N) and Alphabet's (GOOGL.O) Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.
Asa Fitch / Wall Street Journal:
A look at Anthropic's success with corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32% vs. OpenAI's 25%  —  Anthropic, backed by Amazon and Google, is focusing on corporate customers rather than the mass market
Webb Wright / ZDNET:
Anthropic expands Claude for Financial Services with a beta Claude for Excel integration, additional data connectors, and new pre-built Agent Skills  —  ZDNET's key takeaways  — Anthropic's Claude chatbot just got a suite of finance updates.  — Claude can draft financial reports, access new data, and more.
Marcus Mendes / 9to5Mac:
Meta launches “ghost posts” on Threads, letting users share “unfiltered thoughts” in posts that disappear after 24 hours; replies will appear as a DM  —  Threads is rolling out ghost posts, which get automatically archived after 24 hours.  Here's how it works.
Toby Sterling / Reuters:
Sources: the Netherlands took control of Nexperia over fears its ex-CEO Zhang Xuezheng was dismantling its European operations and moving production to China  —  The Netherlands' decision to take control of chipmaker Nexperia in September was due to fears the company's former CEO …
MiniMax:
China's MiniMax releases MiniMax M2, an open-source model optimized for AI agents and coding, priced at $0.30 per 1M input tokens and $1.20 per 1M output tokens  —  From Day 1 of our founding, we have been committed to the vision of “Intelligence with Everyone.”
Josh Scott / BetaKit:
Toronto-based Wealthsimple, an online investment management service, raised CA$750M co-led by Dragoneer and GIC at a post-money valuation of CA$10B  —  Up to $750-million financing includes $550-million primary and $200-million secondary offerings.  —  Toronto-based FinTech firm Wealthsimple …
More: Wealthsimple
Ashley Capoot / CNBC:
OpenAI urges the US to commit to building 100GW of new energy capacity each year to stay ahead of China in AI, and says “electrons are the new oil”  —  OpenAI on Monday said the U.S. needs to substantially ramp up its investment in new energy capacity if it wants to stay ahead …
Jez Corden / Windows Central:
Sources: Microsoft's next Xbox will run Windows, letting users play PlayStation titles on Steam and the full Xbox console library, without a multiplayer paywall  —  The new Xbox platform is said to be a “premium” experience, and now we have some details on what it'll look like.
Reuters:
The US forms a $1B partnership with AMD to build two AI supercomputers, Lux and Discovery, accelerating research in fusion energy, drug development, and more  —  - Supercomputers to help harness fusion energy, treat cancer  — Lux supercomputer to come online in six months
Agence France-Presse:
Meta and TikTok say they will comply with Australia's under-16 social media ban, taking effect on December 10, but warn the landmark law may be hard to enforce  —  Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce.
Dion Lim / CEO Dinner Insights:
The current AI investment boom will spark a “wildfire” that wipes out some companies, yet bolsters and enables others by unlocking GPUs, energy, and talent  —  AI won't crash—it will burn.  Like every tech cycle, the fire will clear the brush, redistribute talent, and leave infrastructure to power what comes next.
Kai Wu / Sparkline Capital:

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Earlier Picks

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Sneha Kumar / Reuters: