Techmeme: Sea reports Q3 revenue up 38% YoY to $6B, above $5.65B est., a $375M net income, below $433M est., and Shopee revenue up 35% YoY to $4.3B and GMV up 28% YoY (Olivia Poh/Bloomberg)

Top News

Sources: Apple is delaying the next generation iPhone Air's release date, 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 …

More: 9to5Mac, T3, Spyglass, MacRumors, Appleosophy, Moneycontrol, Android Authority, Phandroid, PC Guide, Digital Trends, Fortune, Gizchina, Times of India, BGR, Mashable, Tech Times, Neowin, Beebom, MacRumors, SamMobile, SammyGuru, Cult of Mac, MobileSyrup, iClarified, Philip Elmer‑DeWitt, Macworld, WinBuzzer, ZeroHedge News, AppleInsider, The Apple Post, The Verge, and MacDailyNews

X: @parkerortolani, @samsheffer, @tomwarren, @mkbhd, and @jessicalessin. Bluesky: @carnage4life

Mastodon: @steter@mastodon … and @stroughtonsmith …

Forums: r/IphoneAir, r/apple, r/IphoneAir, Slashdot, and MacRumors Forums

The Information:

Sources: Apple may add a second camera to the next iPhone Air, possibly set for spring 2027 release alongside the iPhone 18 and 18e, to address user complaints

More: MacRumors, 9to5Mac, Business Standard, Nokiamob, and Notebookcheck. Forums: MacRumors Forums

Financial Times:

Sources: Meta Chief AI Scientist Yann LeCun plans to leave in the coming months to found his own startup; a source says he is in early talks to raise funds — Turing Award winner seeks to depart as Mark Zuckerberg makes ‘superintelligence’ push — Melissa Heikkilä in London, Hannah Murphy and Stephen Morris in San Francisco

More: Reuters, The Hans India, Livemint, Sherwood News, and Yahoo Finance

X: @jukanlosreve, @zephyr_z9, and @stefanfschubert

Bluesky: @mgsiegler.com and @peark.es

David Keohane / Financial Times:

SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est. — Net profit doubles to $16bn on gains from OpenAI and PayPay holdings — Masayoshi Son's SoftBank Group has sold its entire stake …

More: CNBC, Decrypt, Business Today, Livemint, Benzinga, Telegraph, Blockchain.News, Bloomberg Law, Wall Street Journal, Finbold, Capacity, TipRanks Financial, The Economic Times, WTOP News, Crypto Briefing, Nikkei Asia, Associated Press, Datamation, Business Standard, Dow Jones Newswires, Electronics Weekly, The Hindu BusinessLine, Reuters, The Japan Times, and Daily Sabah

X: @twofifteenam and @pelstrom. Bluesky: @edzitron.com. Mastodon: @carnage4life@mas.to

Forums: r/singaporefi, r/Economics, and r/technology

Vogue:

Apple and Japanese fashion house Issey Miyake launch the $150 iPhone Pocket, a 3D-knitted fabric accessory, its first fashion collaboration since Hermès in 2015 — It's no secret that Steve Jobs's favorite fashion designer was Issey Miyake. The former Apple CEO adopted …

More: Apple, Engadget, 9to5Mac, PCMag, AppleInsider, The Verge, MacRumors, Android Authority, Tom's Guide, Beyond Search, TechRadar, Phandroid, Mashable, Wallpaper*, Hypebeast, and The Apple Post

Mastodon: @WarnerCrocker@mastodon.social. Forums: r/applesucks, r/nottheonion, and r/apple

Kosaku Narioka / Wall Street Journal:

Sony reports Q2 revenue up 4.6% YoY to ~$20.3B, net profit up 6.7% to ~$2.02B, 3.9M PS5 units sold, and raises FY operating profit forecast by 7.5% to ~$9.3B — Sony 6758 5.51%increase; green up pointing triangle Group raised its earnings forecasts after a stronger-than-expected second quarter …

More: Game Developer, Gematsu, The Game Post, Windows Central, TechRadar, Bloomberg, and Nikkei Asia

X: @oliver_drk, @genki_jpn, @6d6f636869, and @tomwarren. Forums: r/LastStandMedia

Reuters:

A Munich court sides with Germany's music rights society GEMA in a case against OpenAI, saying OpenAI can't use song lyrics without a license; OpenAI can appeal — A German court on Tuesday sided with the country's music rights society GEMA in a closely watched copyright case against U.S.-based artificial intelligence firm OpenAI.

More: Reuters, WinBuzzer, Gamereactor UK, and ai fray

X: @ednewtonrex. Forums: Hacker News

Olga Kharif / Bloomberg:

Crypto exchange Gemini reports Q3 revenue up 106% YoY to $50.6M, above $46.2M est., and net loss of $159.5M, up from $90.2M in Q3 2024; GEMI drops 5%+ — Gemini Space Station Inc., the crypto exchange founded by Tyler and Cameron Winklevoss, reported a steeper loss than analysts anticipated …

More: Gemini, CoinDesk, Blockonomi, Bitcoin Insider, Cointelegraph, crypto.news, The Coin Republic, BeInCrypto, Cryptonews, and Associated Press

Berber Jin / Wall Street Journal:

Financial documents: Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses that year before turning a profit in 2030 — Financial documents from both companies show the different approaches they are taking to the AI boom — The finances of Silicon Valley's …

More: WinBuzzer, The Information, Digit, Benzinga, and Sherwood News

X: @mweinbach. LinkedIn: Jessica E. Lessin. Bluesky: @edzitron.com and @jessefelder

CRN:

Intel CTO and AI officer Sachin Katti says he is leaving the company after four years to join OpenAI; Intel says CEO Lip-Bu Tan will take over its AI efforts — Intel CEO made Katti the company's chief technology and artificial intelligence officer in April.

Wall Street Journal:

How China ramped up its AI development since early 2024 to catch the US, including relaxed regulations, huge government funding, and a focus on domestic chips — America holds a sizable lead, but China is working to tip the scales with a sweeping countrywide push, betting ‘swarms beat the titan’

More: BBC, The American Conservative, and Foreign Affairs

Nilay Patel / The Verge:

Q&A with Tim Berners-Lee on the future of web, AI, his decentralization startup Inrupt and its open-source web protocol Solid, his new memoir, and more — Today, I'm talking with a very special guest: Sir Tim Berners-Lee, the inventor of the World Wide Web. Tim is a legend in the history of the internet.

Bluesky: @reckless. Forums: r/artificial and Slashdot

Gian Volpicelli / Bloomberg:

Sources: the EU plans to designate WhatsApp's Channels as a Very Large Online Platform under the DSA, meaning it must meet moderation and transparency standards — Meta Platforms Inc.'s messaging service WhatsApp will face stricter rules under the European Union's content moderation rulebook …

X: @gmvolpi

Deborah Sophia / Reuters:

Nebius signs a ~$3B, five-year deal to provide Meta with AI infrastructure and reports a $100M+ loss in Q3, up from a $39.7M loss in Q3 2024 — Nebius Group (NBIS.O) has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period …

More: Bloomberg

Tasmin Lockwood / CNBC:

Oura CEO Tom Hale says the Finnish company expects “maybe close” to $2B in sales in 2026, up from $1B in 2025, and there is “no news on an IPO” — The chief executive of Finland's Oura told CNBC on Tuesday that he expects the wearable tech company to generate close to $2 billion in sales next year.

Olivia Poh / Bloomberg:

Sea reports Q3 revenue up 38% YoY to $6B, above $5.65B est., a $375M net income, below $433M est., and Shopee revenue up 35% YoY to $4.3B and GMV up 28% YoY — Sea Ltd.'s quarterly profit missed analysts' estimates after the company boosted spending to battle competitors in Southeast Asia's cut-throat e-commerce market.

More: DealStreetAsia and Tech in Asia

Sponsor Posts

Google:

Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life

Shopify:

Shopify's new AI commerce stack — Their VP of Product digs into just-launched products to help entrepreneurs and developers build with the latest AI and tech.

Zoho:

Email fatigue is real: Here's how smart email tools help you regain control — Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.

IDrive:

Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Sponsor Techmeme

Featured Podcasts

Uncapped with Jack Altman:

Saam Motamedi from Greylock Partners

Conversations with people I admire about things I'm genuinely interested in.

Subscribe to Uncapped with Jack Altman.

Invest Like the Best:

Henry Ellenbogen - Man Versus Machine

The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.

Subscribe to Invest Like the Best.

Grit:

How Evan Spiegel Is Building the Future of Computing

Grit explores what it takes to create, build and scale world-class organizations.

Subscribe to Grit.

Acquired:

10 Years of Acquired (with Michael Lewis)

Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.

Subscribe to Acquired.

Lenny's Podcast:

Why humans are AI's biggest bottleneck (and what's coming in 2026) | Alexander Embiricos (OpenAI Codex Product Lead)

Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.

Subscribe to Lenny's Podcast.

Tools and Weapons with Brad Smith:

Ted Sarandos: Netflix and how tech changed storytelling

Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.

Subscribe to Tools and Weapons with Brad Smith.

Add your podcast here

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:55 AM ET, November 11, 2025.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.