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November 6, 2025, 10:20 AM
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Top News

Jeff Horwitz / Reuters:
Docs: Meta projected in December 2024 that 10.1% of its 2024 revenue, or $16B, came from ads for scams and banned goods, including ~$7B from “higher risk” ads  —  Meta projected 10% of its 2024 revenue would come from ads for scams and banned goods, documents seen by Reuters show.
Jason Schreier / Bloomberg:
Rockstar says it fired dozens of employees last week for “distributing and discussing confidential information in a public forum”, disputing union allegations  —  Rockstar Games terminated more than 30 people last week in an action that a labor group called “union-busting.”
Berber Jin / Wall Street Journal:
OpenAI CFO Sarah Friar says an “IPO is not on the cards right now”, and that OpenAI hopes the US government will “backstop” financing of its data center deals  —  Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments
Sharon Goldman / Fortune:
A profile of OpenAI President Greg Brockman and his role in the startup's aggressive ~$1.4T infrastructure buildout that OpenAI says is required to reach AGI
Financial Times:
Jensen Huang warns “China is going to win the AI race”, after the US kept a ban on advanced AI chip sales to China, and says the West is held back by “cynicism”  —  CEO criticises western ‘cynicism’ while Beijing loosens regulations and cuts energy costs for data centres
Mark Gurman / Bloomberg:
Sources: Apple is finalizing a deal to pay Google ~$1B per year for a 1.2T-parameter Gemini model to help power the new Siri, which is on track for next spring  —  Apple Inc. is planning to pay about $1 billion a year for an ultrapowerful 1.2 trillion parameter artificial intelligence model developed …
Sky News:
Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe right-wing politicians and encourages nationalism  —  “Elon Musk is a great leader,” says Amy, a British woman outside the Britannia Hotel in London at an anti-immigration rally in August.
Abner Li / 9to5Google:
Google says Gemini Deep Research can now directly draw on information stored in users' Gmail emails, Drive files, and Chat conversations to generate reports  —  After adding PDF support in May, Gemini Deep Research can now directly tap information stored in your Gmail and Google Chat conversations, as well as Google Drive files.
Karissa Bell / Engadget:
Foursquare founder Dennis Crowley's new startup Hopscotch Labs releases BeeBot, which combines AI, audio, and location-based social features, on the App Store  —  BeeBot is an “app for AirPods” that combines AI, audio and location-based social features.  —  Foursquare founder Dennis Crowley …
More: Dennis Crowley, The Verge, and WeRSM
LinkedIn: Jesse Middleton.  Bluesky: @karissabe.  Threads: @dens, @dens, @dens, and @dens
Ben Thompson / Stratechery:
The AI boom is driving coordinated innovation in the US as it builds fabs and energy infrastructure that could have lasting value even if the bubble bursts  —  It's funny to remember that a decade ago there were enough people convinced we were in a bubble that I felt compelled to write …
Annie Palmer / CNBC:
Senators Mark Warner and Josh Hawley unveil a bipartisan bill that would require companies and US agencies to submit quarterly reports on AI-related job impacts  —  A new bipartisan bill seeks to provide a “clear picture” of how artificial intelligence is affecting the American workforce.
Julian Chokkattu / Wired:
Sandbar unveils the $249+ Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, available to preorder, shipping summer 2026  —  A new company called Sandbar has unveiled a smart wearable called Stream Ring, which uses a microphone to record your softly spoken thoughts.
Russell Brandom / TechCrunch:
Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo and releases an update to its Mercury coding model  —  With so much money flooding into AI startups, it's a good time to be an AI researcher with an idea to test out.
Russell Brandom / TechCrunch:
Microsoft built a simulated marketplace to test hundreds of AI agents, finding that businesses could manipulate agents into buying their products and more  —  On Wednesday, researchers at Microsoft released a new simulation environment designed to test AI agents, along with new research showing …
Julie Bort / TechCrunch:
Fomo, a consumer crypto trading app, raised a $17M Series A led by Benchmark, bringing its total funding to $19M, and reports $20M-$40M in daily trading volume  —  Paul Erlanger and Se Yong Park, co-founders of consumer crypto trading app Fomo, took an unusual route to raising capital that is paying off for them.
More: fomo
Bloomberg:
Snap announces a deal to distribute Perplexity's search engine to Snapchat users; Perplexity will pay Snap $400M through a combination of cash and equity  —  Snap Inc. shares surged more than 25% in extended trading after the company announced a $400 million partnership with Perplexity AI Inc …
Krystal Hu / Reuters:
LA-based Metropolis, which operates AI- and computer vision-enabled parking lots, raised $1.6B, including a $500M Series D led by LionTree at a $5B valuation  —  Metropolis Technologies, a U.S. operator of parking lots that uses artificial intelligence and computer vision to recognize vehicles …
More: CNBC

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This is a Techmeme archive page. It shows how the site appeared at 10:20 AM ET, November 6, 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:
Memo: Skydance offers certain employees a voluntary buyout in a “one-time offer” and moves to a mandatory five-days-per-week in-office policy

Ashley Carman / Bloomberg:
Netflix hires Steve Wilson, who formerly managed partner relations at Apple Podcasts, as a consultant to oversee podcast content acquisition

Etan Vlessing / The Hollywood Reporter:
Lionsgate and Steven Paul's SP Media form a JV to invest in new businesses and indie film production; a source says Paul is leading an investment of ~$100M

More News

Julia Fanzeres / Bloomberg:
Research: US companies announced 153,074 job cuts in October, the most in 20+ years and up 3x on October 2024, as AI reshapes industries and cost-cutting rises

Earlier Picks

Jake Pearson / ProPublica:
Sources and docs: after Marc Andreessen donated $5M+ to Trump's 2024 campaign, most CFPB probes have stalled, including three into Andreessen-backed companies
Isabelle Bousquette / Wall Street Journal:
Quantinuum unveils Helios, a quantum computer with 98 physical qubits, from which it can deliver 48 logical error-corrected qubits, an impressive 2:1 ratio
Ari Levy / CNBC:
Qualcomm reports Q4 revenue up 10% YoY to $11.27B, vs. $10.79B est., handsets revenue up 14% YoY to $6.96B, a $3.1B net loss, and projects Q1 revenue above est.
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