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November 7, 2025, 10:45 PM
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memeorandum
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| Bloomberg: |
In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure — OpenAI has asked the Trump administration to revamp a Chips Act tax credit to help lower the cost of artificial intelligence infrastructure …
More: BonTech Labs, The Information, SiliconANGLE, Marcus on AI, Reuters, and OpenAI
X: @conorsen, @deanwball, @sama, @garymarcus, @seawolfcap, @zerohedge, @josephjacks_, @garymarcus, @aphysicist, @garymarcus, and @deanwball. Bluesky: @steveschulz
Forums: Hacker News and r/StockMarket
| Osmond Chia / BBC: |
Texas Attorney General Ken Paxton sues Roblox, saying it's a “breeding ground for predators” that is “flagrantly ignoring” safety laws and “deceiving parents” — Texas Attorney General Ken Paxton says he has sued Roblox over “flagrantly ignoring” …
More: The Verge, New York Post, Forbes, Mashable, Bloomberg Law, DocumentCloud, GameSpot, PC Gamer, IGN, Game Developer, TechCrunch, Engadget, WinBuzzer, Baller Alert, Tech in Asia, Benzinga, Reuters, Townhall, and NewsMax.com
X: @kenpaxtontx, @realschlep, @sarahiscensored, @realschlep, and @tpostmillennial. Bluesky: @quinnypig.com
Forums: r/pcgaming, r/Games, r/texas, r/technology, r/news, and Slashdot
| Juby Babu / Reuters: |
Meta says it will invest $600B in the US infrastructure and jobs by 2028; Zuckerberg told Trump at a September dinner that Meta will spend “at least $600B” — Meta Platforms (META.O) on Friday said it will invest $600 billion in U.S. infrastructure and jobs over the next three years … | Euronews: |
Denmark's government has reached a political agreement to ban social media access for anyone under 15, with a possible parental consent exception from age 13 — The proposal would be one of the most sweeping steps yet by a European country to curb social media use among young people.
More: Associated Press, Engadget, The Economic Times, Newser, The Independent, Reuters, WPXI-TV, Advanced Television, The European Conservative, and Daily Sabah
Forums: r/technology, r/europe, and r/europrivacy
| Suzanne Smalley / The Record: |
Unit 42: “commercial grade” spyware called Landfall, likely zero-click, was used in a hacking campaign aimed at Samsung Galaxy phones in the Middle East — Security researchers on Friday revealed the discovery of “commercial grade” spyware used in a 9-month-long hacking campaign aimed … | Bloomberg: |
A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders — A jury was unable to reach a verdict in the fraud trial of two brothers, both recently graduated from the Massachusetts Institute of Technology …
More: Reuters, Business Insider, and Cointelegraph
| Allie Garfinkle / Fortune: |
Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years — Mercury's Immad Akhund. — MERCURY — The fintech roller coaster—after a few years of barrel rolls and corkscrews …
X: @zachklein, @rywiggs, @jessetinsley, @immad, @gokulr, @nikmilanovic, @immad, @blader, @alexanderwill, @haridigresses, @judegomila, @rahulvohra, and @johnrushx
LinkedIn: Sean Diep, Nic Corpora, Celeste Carswell, and Carly Lippman
| Alex Danco / a16z: |
Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier — The Baumol Effect and Jevons paradox are related — If you live in the United States today, and you accidentally knock a hole in your wall … | The Information: |
Sources: Google Gemini co-lead Noam Shazeer clashed with colleagues on internal forums over topics like gender and Gaza; moderators deleted some of his comments — This spring, Google AI leader Noam Shazeer posted a comment in one of the company's internal discussion forums …
X: @lulumeservey, @sylviavarnham, @bwaltens, @antoniogm, @packym, @erinkwoo, @shaunmmaguire, and @amir. Bluesky: @rmac. Forums: r/singularity
| Bailey Lipschultz / Bloomberg: |
Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high — Less than one year into Donald Trump's second term and the post-election ebullience has evaporated from shares of his social media company …
More: Trump Media & …, Forbes, crypto.news, Decrypt, Reuters, and Media Play News. Bluesky: @quinnypig.com
| Inti Landauro / Reuters: |
France's Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform — The French Finance Ministry on Friday halted the suspension proceedings of Chinese online retailer Shein initiated two days ago …
More: Politico
| Google Research: |
Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing — Ali Behrouz, Student Researcher, and Vahab Mirrokni, VP and Google Fellow, Google Research — We introduce Nested Learning …
More: Google Research. X: @jeffdean, @kimmonismus, @behrouz_ali, @mark_k, and @googleresearch
Forums: r/singularity and r/accelerate
| Lydia Beyoud / Bloomberg: |
Study: Polymarket's trading volume has been inflated by wash trading, accounting for an average of 25% of all buying and selling over the past three years — The volume of activity on Polymarket, one of the most popular prediction markets, has been significantly inflated by so-called wash trading …
More: Gizmodo, TheStreet, Yahoo Finance, CoinDesk, SSRN, Cointelegraph, Crypto Briefing, CoinJournal, crypto.news, and Cryptonews
X: @nickpreszler, @jeffjohnroberts, @nigeleccles, @alexpallny, @allensirolly, and @chefsteve. Forums: Slashdot
| George Hammond / Financial Times: |
Sources: Roelof Botha was ousted by senior Sequoia partners amid concerns about his “imperial style” leadership, AI investment strategy, and internal clashes — Partners called vote to oust chief after controversial incidents rocked Silicon Valley venture capital firm| The Information: |
You.com CEO Richard Socher is working on a new AI lab to automate AI research, and, sources say, hopes to raise $1B for it; Socher will remain at You.com — Richard Socher, CEO of AI search startup You.com and a former chief scientist at Salesforce, hopes to raise around $1 billion … | Bloomberg: |
China is letting Nexperia export chips again, per officials from several auto companies; shares of Wingtech, Nexperia's Chinese parent company, close up 9.70% — China is allowing Dutch chipmaker Nexperia to export again from its operations in the country, setting the stage for the Netherlands … | Bloomberg: |
More: DigiTimes, Government.nl, Jalopnik, ZeroHedge News, Tom's Hardware, DutchNews.nl, Semiconductor Engineering, and Reuters
X: @yara_sama, @rnaudbertrand, @leemakiyama, @kathleen_tyson_, @liqian_ren, @ministerez, and @teortaxestex
Bluesky: @sensehofstede.nl, @fbermingham, and @noahbarkin
Sponsor Posts
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Hard Fork:
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