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November 6, 2025, 9:25 AM
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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
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
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.”
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.
Sky News:
Investigation: X amplifies right-wing and extreme political content in the UK, as Elon Musk endorses fringe politicians and encourages nationalist sentiment  —  “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, Drive, and Chat to create 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.
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
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 …
Jonathan Vanian / CNBC:
Snap reports Q3 revenue up 10% YoY to $1.51B, above $1.49B est., DAUs up 8% YoY to 477M, above 476M est., and announces a $500M share buyback; SNAP jumps 23%+
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
Bloomberg:
Pony.ai's and WeRide's shares fell as much as 15% in their Hong Kong trading debuts; Pony.ai raised ~$863M in the secondary offering, and WeRide raised ~$309M  —  Pony AI Inc. and WeRide Inc. fell on their trading debuts in Hong Kong after the pair of Chinese robotaxi firms battled …
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.
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  —  Robinhood beat Wall Street expectations for the third quarter on Wednesday, extending a hot streak that has made it one of the biggest large-cap U.S. tech stocks this year.
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.
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  —  The Trump administration's gutting of the Consumer Financial Protection Bureau has been good for venture capitalists like Andreessen …

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From Mediagazer

Samuel Stolton / Bloomberg:
The EU is reviewing Paramount's WBD takeover under the Foreign Subsidies Regulation, probing involvement of Middle Eastern funds; a decision is due by July 14

Lucas Manfredi / The Wrap:
Fubo and NBCUniversal reach a deal ending a months-long blackout, with NBCU's Spanish-language networks available Wednesday, English-language networks later

Reuters:
Sources: Nick Bilton hired TV production consultant Kelly Funke, to help manage his 60 Minutes transition, and a 24-year-old operations manager, Nick De Lucca

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
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

Earlier Picks

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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