Techmeme
November 5, 2025, 11:35 PM

Top News

Mark Gurman / Bloomberg:
Sources: Apple plans to pay Google about $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 …
Annie Palmer / CNBC:
Sens. Mark Warner and Josh Hawley introduce 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.
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 might backstop the financing of data center deals  —  Sarah Friar says the AI giant could reach break-even quickly and would like government backstop on data-center investments
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:
Ari Levy / CNBC:
Qualcomm reports Q4 revenue up 10% to $11.27B, vs. $10.79B est., handsets revenue up 14% 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.
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.
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  —  Quantinuum unveils its latest system, Helios, inching the industry toward the day the technology will deliver meaningful commercial value
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.
Nikou Asgari / Financial Times:
Crypto company Ripple raised $500M from Citadel, Fortress, and others at a $40B valuation and says payments made on its platform passed $95B so far in 2025  —  $500mn investment round underlines appetite for stablecoin payments sector  —  Ripple has raised $500mn from investors including …
Abner Li / 9to5Google:
Google says Maps will get Gemini instead of Assistant on Android and iOS, offering a “hands-free, conversational driving experience”, in the “coming weeks”  —  In Google Maps, Gemini already exists in place listings, and it's now coming to the navigation experience on Android and iOS.
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 …
Ash Parrish / The Verge:
Sony rolls out PlayStation Portal cloud streaming, letting PlayStation Premium Plus members stream select titles without a PS5 connection, in testing since 2024  —  Cloud streaming PS5 games to your PlayStation Portal is out of beta, and includes streaming for some games you own.
OpenAI:
OpenAI says it now has 1M+ business customers globally, with ChatGPT for Work seats up 40% in two months to 7M+ and ChatGPT Enterprise seats up 9x YoY  —  Customers such as Amgen, Commonwealth Bank, Booking.com, Cisco, Lowe's, Morgan Stanley, T-Mobile, Target, and Thermo Fisher Scientific …
Mike Scarcella / Reuters:
Google and Epic Games settle Epic's 2020 antitrust lawsuit, with Android and Google Play changes to expand competition and choice, pending a US judge's approval  —  Alphabet's (GOOGL.O) Google said on Tuesday it has reached a comprehensive U.S. court settlement with “Fortnite” …
Sharon Goldman / Fortune:
A profile of OpenAI President Greg Brockman and his role in the company's $1.4T infrastructure buildout that's required to reach AGI  —  Greg Brockman, cofounder and president of OpenAI  —  In early October, OpenAI president Greg Brockman and AMD CEO Lisa Su made the rounds of TV news shows …
Julian Chokkattu / Wired:
Sandbar introduces Stream Ring, an AI-powered smart ring for transcribing audio notes into text via an app, preorder now from $249 and shipping in 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.
Alex Heath / Sources:
Inside Kalshi's NYC HQ on election night, as it handled ~$100M in trades on the mayoral race that day, calling it for Mamdani 36 minutes before any media outlet  —  Election night at Kalshi HQ Inside Kalshi's quiet Manhattan office on election night, co-founder Tarek Mansour showed …
Bluesky: @alexeheath.com
Wall Street Journal:
France begins the process to suspend Shein, giving the company 48 hours to show it has scrubbed its site of illegal products, like sex dolls resembling children  —  The order came as the Chinese-founded platform opened its first permanent store in Paris  —  The French government moved …

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More News

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Earlier Picks

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