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November 6, 2025, 9:50 AM
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Top News

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 …
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
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.
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
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.”
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.
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.
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 …
More: Financial Times.  X: @stratechery, @abstractopinion, @benbajarin, and @jayair.  LinkedIn: Jerome Kucera.  Bluesky: @gilesyb
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 …
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
Ari Levy / CNBC:
Qualcomm reports Q4 revenue up 10% YoY to $11.27B, above $10.79B est., handsets revenue up 14% YoY to $6.96B, and forecasts Q1 revenue above estimates  —  Qualcomm reported fiscal fourth-quarter results on Wednesday that beat analyst estimates on the top and bottom lines.

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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

Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator

Kerry Flynn / Axios:
Samba TV raised up to $60M in venture debt to scale through acquisitions and new AI-powered measurement tools; Samba previously raised $69M in equity funding

Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M

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
MacKenzie Sigalos / CNBC:
Robinhood reports Q3 revenue up 100% YoY to $1.27B, vs. $1.19B est., transaction-based revenue up 129% to $730M, vs. $739M est., and net income up 271% to $556M
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
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