Techmeme
November 10, 2025, 4:45 PM

Top News

The Information:
Sources: Apple is delaying the release of the next version of the iPhone Air, originally planned for fall 2026, after the first model sold below expectations  —  Apple is delaying the release of next year's version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations …
Ellen O'Regan / Politico:
Draft docs: the European Commission plans to simplify some of its privacy rules, including GDPR, to boost AI growth and slash red tape for businesses in Europe  —  BRUSSELS — European Union officials are ready to sacrifice some of their most prized privacy rules for the sake of AI …
Billy Gray / Wall Street Journal:
Rumble says it will acquire German AI infrastructure company Northern Data in an up to $970M deal, set to close in Q2 2026; both companies are backed by Tether  —  The deal brings together two companies backed by stablecoin issuer Tether  —  Rumble said it would acquire German artificial …
Vicky Ge Huang / Wall Street Journal:
Coinbase plans to launch a platform to let individual investors buy digital tokens before they are listed on its exchange, reviving 2017 and 2018's ICO craze  —  Blockchain startup Monad will be first project to sell its token on new platform  —  Coinbase Global is launching a new platform …
Financial Times:
Robinhood CEO Vlad Tenev says he plans to give “normal people” exposure to AI startups via Robinhood Ventures' fund set to invest in 5+ “best in class” startups  —  CEO Vlad Tenev plans to offer shares in a fund that holds a handful of private artificial intelligence companies
Josh Scott / BetaKit:
Canada-based legaltech company Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition  —  Clio has closed a $500-million USD Series G round and another $350 million in debt to complete a landmark deal as part of a transaction that began six months ago.
Debby Wu / Bloomberg:
TSMC reports October sales rose 16.9% YoY, the slowest pace since February 2024, highlighting uncertainty over the AI boom's sustainability; TSMC is up 38%+ YTD  —  Taiwan Semiconductor Manufacturing Co. reported slowing growth in monthly revenue as investors debate the sustainability …
Wired:
Milana Vinn / Reuters:
Sources: C3.ai is exploring options, including a potential sale and raising funds from private investors, after Thomas Siebel stepped down as CEO in July  —  - Leadership change follows Siebel stepping down due to health concerns  — C3 AI's stock down over 54% in 2025 amid financial struggles
More: Bloomberg
Niko Gallogly / New York Times:
Gamma, which uses AI to help create presentations, social media posts, websites, and more, raised $68M at a $2.1B valuation and reports 600K+ paying subscribers  —  The five-year-old start-up, which has just 52 employees and is profitable, is now valued at $2.1 billion by investors including Andreessen Horowitz.
Judy Lagrou / Bloomberg:
Bakkt reports Q3 revenue up 27% YoY to $402.2M and a $23.2M net loss, driven by an accounting charge tied to warrants issued to its investors; BKKT drops 9%+  —  Shares of Bakkt Holdings Inc. fell as much as 16% on Monday, after the cryptocurrency trading and technology platform reported a wider loss for the third quarter.
More: The Block and Bakkt
Evan Gorelick / New York Times:
A group of lawyers has documented 533 cases of AI misuse in legal filings, including fabricated case law citations; judges and bar associations permit AI use  —  More lawyers are using artificial intelligence to write legal briefs.  Some colleagues are publicizing the A.I.-generated errors.

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