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October 31, 2025, 4:15 PM
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Top News

Annie Palmer / CNBC:
Amazon reports Q3 AWS revenue up 20% YoY to $33B, vs. $32.42B est., and AWS operating income up 9.5% YoY to $11.4B  —  Amazon said Thursday that revenue in its cloud computing business increased 20% in the third quarter, exceeding analysts' estimates.  —  Revenue at Amazon Web Services for the third quarter totaled $33 billion.
Taylor Soper / GeekWire:
Amazon CEO Andy Jassy says the 14,000-person layoffs were due to “culture” and “removing layers” from its internal structure, not really AI or financial factors  —  Amazon CEO Andy Jassy says the company's latest big round of layoffs — about 14,000 corporate jobs …
Meghan Bobrowsky / Wall Street Journal:
In their latest earnings reports, Meta, Alphabet, Microsoft, and Amazon have announced plans to increase their AI spending in 2026 to a combined $400B  —  Meta, Alphabet, Microsoft and Amazon will increase spending in 2026; ‘Are we in a bubble?’  —  Silicon Valley's biggest companies …
Mike Wheatley / SiliconANGLE:
Samsung says it's partnering with Nvidia to build an “AI Megafactory” and deploy over 50K of Nvidia's most advanced GPUs to embed AI in its chipmaking process  —  Samsung Electronic Co. Ltd. said today it's partnering with Nvidia Corp. to build an “AI Megafactory” …
Matt Rosoff / The Register:
Microsoft's Q1 earnings, showing that it had a $3.1B net loss from its OpenAI stake, imply OpenAI lost $11.5B during the quarter based on Microsoft's 27% stake  —  Satya has also delivered Sam most of the cash he promised  —  Microsoft reported earnings for the quarter ended Sept. 30 …
Claudie Moreau / Euractiv:
Denmark says it will withdraw the EU “Chat Control” proposal, which would force tech companies to scan messages for CSAM, and instead support voluntary scanning  —  The Danes will seek to propose a voluntary detection regime in the CSAM proposal, instead of controversial mandatory detection orders
Emma Roth / The Verge:
Perplexity launches a free AI-powered patent research tool in beta to let users search for patents using natural language queries  —  Instead of searching for a string of keywords, Perplexity's new tool allows you to use natural language to look for patents.
RT Watson / The Block:
Tether reports that it has generated profits of over $10B during the first three quarters of 2025 and it has issued an additional $17B in USDT during Q3  —  - The world's largest stablecoin issuer reported that it has generated profits of over $10 billion during the first three quarters of this year.
Elaine Pofeldt / Forbes:
Lettuce Financial, which offers an accounting, payroll, benefits, and tax compliance service for one-person businesses, raised $28M led by Zeev  —  How to break $1M in revenue in a business staffed only by the owners  —  Lettuce Financial, a San Francisco-based fintech platform for solopreneurs …
Mary Ann Azevedo / Crunchbase News:
Archy, which offers AI-powered dental practice management software, raised a $20M Series B led by TCV, bringing its total funding to $47M  —  It was 2021 and Jonathan Rat was tired of seeing his wife, a dentist, struggle to maintain the tech stack at her practice.
More: WebWire
Pritam Biswas / Reuters:
Filing: Gloo, a developer of AI tools for Christian churches with ex-Intel CEO Pat Gelsinger as its head of technology, seeks an $873.4M valuation in its US IPO  —  Gloo Holdings, a religious-oriented technology firm, is seeking a valuation of up to $873.4 million in its U.S. initial public offering …
Stephen Nellis / Reuters:
Apple expects Q1 revenue to grow 10% to 12% YoY, with iPhone sales up by double digits, and reports Q4 China revenue down 4% YoY to $14.5B, vs. $16.24B est.  —  - Apple's fiscal first quarter revenue sales forecast above expecations  — Supply constraints and China delays impact fiscal fourth quarter
Kif Leswing / CNBC:
Apple reports Q4 revenue up 8% YoY to $102.47B, vs. $102.24B est., net income up 86% to $27.5B, and FY 2025 revenue up 6% to $416.16B

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This is a Techmeme archive page. It shows how the site appeared at 4:15 PM ET, October 31, 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

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Jonah E. Bromwich / New York Times:
A profile of Patrick Radden Keefe, an investigative journalist who has modeled for J.Crew, appeared in HBO's Industry, and had his latest book optioned by A24

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

More News

Patrick Coffee / Wall Street Journal:
Google releases its first AI-generated ad, promoting Search's AI mode, but chooses not to include a label disclosing it was made with Veo 3 and other tools
Reuters:
Nvidia CEO Jensen Huang says he still hopes to sell the company's Blackwell chips to China “someday”, but points out the decision is up to President Trump
Reuters:
Letter: Nexperia suspends supplies of wafers to its Chinese assembly plant, citing a failure to “comply with the agreed contractual payment terms”

Earlier Picks

Alice Tecotzky / Business Insider:
SEC filing: Snowflake says an executive shared unauthorized financial guidance with an Instagram influencer; an Oct. 26 video interview features CRO Mike Gannon
Anna Washenko / Engadget:
OpenAI starts to sell extra credits for Sora, which currently has a limit of 30 free gens per day; 10 video gens will retail for $4 through Apple's App Store
Arsheeya Bajwa / Reuters:
Filing: Meta plans to raise money through bond offerings worth up to $30B; the company has said its capex next year would be “notably larger” than in 2025
Olga Kharif / Bloomberg:
Coinbase reports Q3 revenue up 55% YoY to $1.9B, vs. $1.8B est., net income up 473% to $433M, and trading volume up 59% to $295B
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