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Techmeme
October 29, 2025, 1:00 PM
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Wall Street Journal:
Sources: OpenAI's restructuring, approved by California's AG, paves the way for an IPO as soon as 2027; Sam Altman says an IPO is likely but gave no timeframe  —  Company assured state officials that it would stay in California as it continues global expansion, which could include a public offering as soon as 2027
Rocket Drew / The Information:
Memo: California's AG says OpenAI's restructuring has “no impact” on other cases, likely referring to Elon Musk's lawsuit against OpenAI over its restructuring
Financial Times:
Nvidia opens at a $5T market cap, becoming the first company to hit the milestone, climbing 5% in early trading; NVDA is up 50% in 2025 and 1,275% since 2022  —  US chip giant's stock propelled by strong sales of AI systems and prospect of access to China  —  Michael Acton in San Francisco …
Jason Schreier / Bloomberg:
Internal memo: Amazon makes “significant role reductions” to its game division and will cut down on big budget titles, as it focuses on Luna and casual games  —  Tech giant will reduce game development work and eliminate jobs  —  Amazon.com Inc. is gutting its video-game division …
Jess Weatherbed / The Verge:
YouTube is using AI to upscale videos uploaded at between 240p and 720p to HD on TV screens, but users can opt out, and plans 4K upscaling “in the near future”  —  The platform is optimizing its TV experience with new resolution upscaling and shopping features.
The Verge:
Grokipedia hands-on: many articles clone Wikipedia, but deviate significantly on topics Elon Musk cares about, with inaccuracies on some scientific topics  —  xAI's Wikipedia-like website offers a generous take on Musk's worldview. … On Monday, a new online “encyclopedia” sputtered to life.
Bloomberg:
After Nvidia GTC, Jensen Huang says “I don't believe we're in an AI bubble” and that Nvidia expects to sell 20M Blackwell chips, up from 4M Hopper chips  —  Nvidia Corp. Chief Executive Officer Jensen Huang announced a flurry of new partnerships and dismissed concerns about an AI bubble …
Wall Street Journal:
During Nvidia's first ever GTC conference in Washington, DC, Jensen Huang praised Trump's policies and emphasized themes of patriotism and US national interests
Cristina Criddle / Financial Times:
Character.ai plans to limit under-18s to two hours of conversations per day, gradually reducing the time limit before banning them completely from November 25  —  Move comes following growing public and regulatory scrutiny over safety of the technology for young users
Sean Michael Kerner / VentureBeat:
GitHub updates VS Code with Plan Mode for building step-by-step project approaches, MCP Registry integration, definable project rules via AGENTS.md, and more  —  GitHub is making a bold bet that enterprises don't need another proprietary coding agent.  They need a way to manage all of them.
Adobe Newsroom:
A survey of 16K+ creators in eight countries: 86% use creative GenAI tools, 60% use multiple, 48% use them for ideation, and 52% for creating video and more  —  - 76 percent of creators say creative generative AI has helped grow their business and personal brand
MacKenzie Sigalos / CNBC:
Amazon opens Project Rainier, an $11B AI data center on 1,200 acres in Indiana that trains and runs Anthropic's AI models using 500K+ Amazon Trainium 2 chips  —  NEW CARLISLE, Indiana — A year ago, it was farmland.  Now, the 1,200-acre site near Lake Michigan is home to one of the largest operational AI data centers in the world.
OpenAI:
OpenAI releases gpt-oss-safeguard, its open-weight reasoning models for safety classification tasks, available in 120B and 20B parameters, under Apache 2.0  —  New open safety reasoning models (120b and 20b) that support custom safety policies.  —  Today, we're releasing a research preview …
Corporate Europe Observatory:
Big Tech's EU lobbying hit €151M in 2025, up from €113M in 2023 and €97M in 2021; between January and June 2025, Big Tech had 146 meetings with EU officials  —  The EU's digital rulebook is under unprecedented pressure from the Trump administration and a homegrown deregulation wave.
Wall Street Journal:
Amazon, UPS, Target, GM, and other major US companies are laying off tens of thousands of white collar workers, as executives hope AI can handle their workload  —  Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into an unwelcoming market
Dylan Butts / CNBC:
SK Hynix reports Q3 revenue up 39% YoY to $17.02B, below $17.22B est., and operating profit up 62% YoY to a record $7.92B, boosted by demand for its HBM chips  —  South Korea's SK Hynix on Wednesday posted record quarterly revenue and profit, boosted by a strong demand for its high bandwidth memory used in generative AI chipsets.
Politico:
French lawmakers vote to raise France's digital services tax on US tech giants to 6%, up from 3%; the French government opposes the move, fearing US retaliation  —  PARIS — French lawmakers are moving ahead with plans to double a tax on big tech firms — backing away from a more aggressive push amid fears …
More: Bloomberg
Cursor:
Cursor launches Cursor 2.0, with its first coding model, Composer, that it says is 4x faster than similar models, and a multi-agent interface  —  Today, we're releasing two big updates that make Cursor the best place to work with agents: our first coding model, Composer, and a new interface for working with many agents in parallel.
The Information:
China is expediting IPO approvals amid its AI rivalry with the US, recently approving listings for chip designers MetaX and Moore Threads in just three months  —  The tech rivalry with the U.S. has made China take an unusual step: It is accelerating the pace at which startups go public …
Wall Street Journal:
Eli Lilly partners with Nvidia to build what the companies say will be the most powerful supercomputer run by a pharma company, powered by 1,000+ Blackwell GPUs

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:00 PM ET, October 29, 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

Todd Spangler / Variety:
A MoffettNathanson chart showed Netflix delivered 48 cents of revenue per hour viewed in 2025, below competitors, giving it room for its price hike this week

Kathryn Wilkens / Mediaite:
At CPAC, FCC Chair Brendan Carr boasted “Trump is winning”, citing PBS and NPR defunding and the departures of Joy Reid, Chuck Todd, Stephen Colbert, and others

Charlotte Klein / New York Magazine:
A look at Vogue's wedding coverage and efforts brides make to be featured; Chloe Malle says it generates “some of the most time spent on articles”

More News

Earlier Picks

Emma Roth / The Verge:
YouTube will age-restrict more video game content showing “graphic violence” and stop creators from directing users to gambling sites involving digital goods
Mark Gurman / Bloomberg:
Sources: Apple is testing new versions of the MacBook Air, iPad mini, and iPad Air with OLED screens; the iPad mini will likely arrive first, as early as 2026
Joanna Stern / Wall Street Journal:
A look at 1X's $20K Neo humanoid housekeeper robot, controlled remotely by a human with a VR headset, available now for preorder, with delivery expected in 2026
Dominic Preston / The Verge:
Oppo launches the €999 Find X9 and €1,299 Find X9 Pro in the UK and the EU with 7,025mAh and 7,500mAh silicon-carbon batteries and MediaTek Dimensity 9500 chips
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