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November 11, 2025, 10:10 AM
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Top News

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 …
The Information:
Sources: Apple delays the next iPhone Air, originally set for fall 2026, after the first model sold below expectations and a portion of inventory remains unsold  —  Apple is delaying the release of next year's version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations …
Financial Times:
Sources: Meta Chief AI Scientist Yann LeCun plans to leave Meta 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 …
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.
Kosaku Narioka / Wall Street Journal:
Sony reports Q2 revenue up 4.6% YoY to ~$20.3B, net profit up 6.7% YoY to ~$2.02B, 3.9M PS5s sold, and raises its 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 …
Ernesto Van der Sar / TorrentFreak:
A Danish court sentences a man for sharing 347+ copyrighted nude scenes on Reddit featuring 100+ actresses and 25TB+ of pirated content via a torrent tracker  —  A Danish court has handed down a historic verdict, convicting a Reddit moderator in the country's first-ever criminal case for violating copyright's “right of respect”.
More: 404 Media
Berber Jin / Wall Street Journal:
Docs: Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses, or ~75% of revenue, that year before turning a profit in 2030  —  Financial documents from both companies show the different approaches they are taking to the AI boom
Vogue:
Apple and Japanese fashion house Issey Miyake launch the $150+ iPhone Pocket, a 3D-knitted fabric accessory, in Apple's first fashion deal since Hermès' in 2015  —  It's no secret that Steve Jobs's favorite fashion designer was Issey Miyake.  The former Apple CEO adopted …
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.
Olga Kharif / Bloomberg:
Crypto exchange Gemini reports Q3 revenue up 106% YoY to $50.6M, above $46.2M est., and net loss up 77% YoY to $159.5M, below est.; GEMI drops 5%+  —  Gemini Space Station Inc., the crypto exchange founded by Tyler and Cameron Winklevoss, reported a steeper loss than analysts anticipated …
Miles Kruppa / The Information:
Source: Blue Owl's Digital Infrastructure funds are investing ~$3B in a New Mexico-based Stargate data center, set to consume 4.5GW, as Blue Owl expands into AI  —  Blue Owl Capital, one of Wall Street's biggest private lenders, is ramping up its big bet on artificial intelligence …
Jiyoung Sohn / Wall Street Journal:
An investor group and AI developer Voltai plan to use AI to design, build, and run a 3GW data center in South Korea, set to cost up to $35B and open in 2028  —  If completed as envisioned by its backers, the data center is set to cost as much as $35 billion and pack up to 3 gigawatts of power

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This is a Techmeme archive page. It shows how the site appeared at 10:10 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.

From Mediagazer

Thomas Buckley / Bloomberg:
Sources: Disney's board is aligning on promoting theme park division chairman Josh D'Amaro to CEO; Disney says “the board has not yet selected the next CEO”

Washington Post:
Independent journalists Don Lemon and Georgia Fort have been released from custody after their arrests for coverage of a protest at a Minnesota church

Lucas Shaw / Bloomberg:
A look at Netflix's bid for WBD and the regulatory hurdles ahead, as Ted Sarandos is set to testify before the US Senate antitrust subcommittee on February 3

More News

Carl Franzen / VentureBeat:
Meta releases Omnilingual Automatic Speech Recognition, a suite of AI models handling automatic speech recognition for 1,600+ languages, vs. OpenAI Whisper's 99
Sander Lutz / Decrypt:
The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation

Earlier Picks

Jordan Novet / CNBC:
CoreWeave reports Q3 revenue up 134% YoY to $1.36B, above $1.29B est., net loss down 69% YoY to $110M, and forecasts FY revenue below est.; CRWV drops 5%+
Anna Washenko / Engadget:
Meta says it will discontinue Facebook's Like and Share buttons for websites on February 10, 2026, since usage “declined as the digital landscape has evolved”
Farah Stockman / New York Times:
California-based Neros, which makes low-cost, military FPV drones, raised $75M led by Sequoia, bringing its total funding to $121M, and won a US Army contract
Bloomberg:
Sources: the European Commission is exploring ways to force EU member states to phase out Chinese telecom equipment makers Huawei and ZTE from their networks
Josh Scott / BetaKit:
Canada-based legaltech startup Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition
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