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November 6, 2025, 11:35 AM
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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
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
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.
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 …
Julian Chokkattu / Wired:
Sandbar unveils Stream Ring, a $249+ AI-powered smart ring that transcribes audio notes into its app, available for preorder now 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.
Karissa Bell / Engadget:
Foursquare co-founder Dennis Crowley's new startup Hopscotch Labs debuts 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: new fabs and power generation capacity could produce lasting infrastructure 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 …
Samantha Subin / CNBC:
Duolingo's stock falls 25%+ after the company said it expects bookings to range between $329.5M and $335.5M this quarter, falling short of a $344.3M estimate  —  Duolingo's stock cratered 27% on lighter-than-expected guidance as the language learning platform zeroed in on user growth in lieu of near-term monetization.
More: Inc and Blockonomi
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.
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.”
CNBC:
Google says Ironwood, its seventh-gen TPU, will launch in the coming weeks and is more than 4x faster than its sixth-gen TPU; it comes in a 9,216-chip config  —  Google is making its most powerful chip yet widely available, the search giant's latest effort to try and win business …
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  —  US companies announced the most job cuts for any October in more than two decades as artificial intelligence reshapes industries …
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.
Russell Brandom / TechCrunch:
Microsoft releases a simulated marketplace for testing AI agents alongside research showing businesses can 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, taking its total funding to $19M, and reports $20M to $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: The Block and fomo
Russell Brandom / TechCrunch:
Inception, which is building diffusion-based AI models for code and text, raised a $50M seed led by Menlo Ventures and releases a new 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.
Chris Metinko / Axios:
DualBird, which has created a plug-in for rewritable hardware to accelerate data workloads, raised $25M, including a $16.5M Series A led by Lightspeed  —  DualBird, which accelerates data workloads, raised $25 million in a combined seed and Series A, co-founders Gilad Tal and Amir Gilad tell Axios Pro.

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From Mediagazer

Benjamin Mullin / New York Times:
Arkansas PBS severs ties with the PBS network, the first state public TV system to do so since Congress cut CPB funds, citing the annual $2M+ membership cost

Financial Times:
OpenAI hopes the Disney deal boosts Sora, which has high costs and limited traction; Sensor Tower: users average 13 minutes per day on Sora vs. 90 on TikTok

Sam Roberts / New York Times:
Arthur L. Carter, who started a Connecticut newspaper in 1981, bought and sold The Nation, and founded the New York Observer in 1987, has died at 93

More News

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.
Bloomberg:
Snap announces a deal to incorporate Perplexity's search engine into Snapchat from 2026; Perplexity will pay Snap $400M through a combination of cash and equity
Mediagazer memeorandum WeSmirch
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