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November 12, 2025, 11:40 AM
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MacKenzie Sigalos / CNBC:
Anthropic plans to spend $50B on a US AI infrastructure buildout, starting with Texas and New York data centers in partnership with Fluidstack, opening in 2026  —  Anthropic announced plans Wednesday to spend $50 billion on U.S. artificial intelligence infrastructure buildout, starting with custom data centers in Texas and New York.
Chris Bryant / Bloomberg:
Michael Burry's warning that hyperscalers are underestimating AI chip depreciation shows that tech investors may have forgotten how much depreciation can hurt  —  Costing tens of thousands of dollars each, Nvidia Corp.'s pioneering AI chips make up a hefty chunk of the $400 billion …
Financial Times:
Google files a lawsuit in the SDNY against China-based hackers who it says run the Lighthouse platform for “phishing services”, ensnaring 1M and stealing $1B+  —  Tech giant aims to dismantle the ‘Lighthouse Enterprise’, which it claims has tricked 1mn victims out of $1bn
Rebecca Bellan / TechCrunch:
Fei-Fei Li's World Labs debuts Marble, its first world model, which lets users turn prompts, photos, and other media into editable 3D environments, after a beta  —  World Labs, the startup founded by AI pioneer Fei-Fei Li, is launching its first commercial world model product.
Ari Levy / CNBC:
Coinbase plans to move its incorporation from Delaware to Texas, saying Delaware “once provided companies with consistency” but now has “unpredictable outcomes”  —  Coinbase is following Tesla out of Delaware and into Texas.  —  Paul Grewal, Coinbase's chief legal officer …
Jaspreet Singh / Reuters:
Deezer-Ipsos survey of 9,000 music listeners in eight countries: 97% can't distinguish AI-generated music, 73% support clear labelling of AI tracks, and more  —  A staggering 97% of listeners cannot distinguish between artificial intelligence-generated and human-composed songs …
Liv McMahon / BBC:
The UK proposes an amendment to the Crime and Policing Bill that would let “authorized testers” proactively assess AI models for their ability to generate CSAM  —  The UK government will allow tech firms and child safety charities to proactively test artificial intelligence tools …
Catarina Demony / Reuters:
The UK proposes laws to protect public services from cyberattacks, including regulating companies providing services to private and public sector organizations
Financial Times:
Sources: software-focused PE firm Vista plans significant workforce cuts in the coming years as it uses AI to compile presentations, aggregate data, and more  —  Software-focused buyout shop will use technology to trim roles making investor presentations and aggregate data
CNBC:
Foxconn reports Q3 revenue up 11% YoY to ~$66.3B, matching est., net profit up 17% YoY to ~$1.86B, vs. $1.63B est., and expects Q4 results to “remain favorable”  —  Foxconn, the world's largest contract electronics maker, said Wednesday that its third-quarter profit jumped 17% …
Robert Hart / The Verge:
Google unveils Private AI Compute, a cloud platform providing a “secure, fortified space” to run AI tools on devices, similar to Apple's Private Cloud Compute  —  Google says Private AI Compute maintains privacy while tapping cloud resources.
Zoe Thomas / Bloomberg:
Waymo becomes the first robotaxi provider to offer driverless rides on freeways, available 24/7 in San Francisco, Phoenix, and Los Angeles for users who opt in  —  Waymo will become the first robotaxi provider in the US to offer driverless rides on highways, a milestone that positions …
Bloomberg:
China says the December 2020 theft of 127,272 bitcoin, now worth ~$13B, from Chinese mining pool LuBian is likely a “state-level hacker operation” led by the US  —  China's cybersecurity agency accused the American government of orchestrating the theft about $13 billion worth of Bitcoin …
Karmela Padavic-Callaghan / New Scientist:
IBM unveils two quantum computers, Loon and Nighthawk, that it says feature unprecedented qubit connectivity designs aiming to enable error-free computations  —  IBM revealed two new quantum computers, called Loon and Nighthawk - the qubits they use are connected in newly intricate ways …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, November 12, 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

Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator

Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M

Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders

More News

Earlier Picks

Financial Times:
Sony unveils a cheaper, Japan-only PlayStation 5 Digital Edition for ~$350, a ~25% discount, following Nintendo's similar move for the Switch 2's launch in June
Ivan Mehta / TechCrunch:
Google unveils new Pixel phone features, including AI-based notification summaries, notification prioritization, and Gemini Nano-powered photo edits in Messages
James Hunt / The Block:
SoFi debuts SoFi Crypto, saying it is the first nationally chartered bank in the US to offer consumers BTC, ETH, and other crypto trading, rolling out in phases
Ashley Capoot / CNBC:
CoreWeave's stock closed down 16.31% after CEO Mike Intrator noted delays at a data center provider that Jim Cramer implied is Core Scientific; CORZ fell 10%+
More: Benzinga and Runtime
Bluesky: @teroterotero, @edzitron.com, and @garymarcus.  Mastodon: @carnage4life@mas.to.  Forums: r/wallstreetbets
Sarah Perez / TechCrunch:
Meta adds new Threads features for podcasters, as it tries to make the social network the de facto place for people to talk about shows and engage with creators
Ben Weiss / Fortune:
Coinbase confirms that it called off acquisition talks with UK-based stablecoin infrastructure startup BVNK; a report had put the deal price at $1.5B to $2.5B
Ian King / Bloomberg:
AMD CEO Lisa Su says AMD's annual revenue growth will average more than 35% and AI data center revenue growth will average 80% over the next three to five years
Todd Spangler / Variety:
ElevenLabs launches an Iconic Voice Marketplace for licensing AI versions of famous voices, such as Michael Caine's; Matthew McConaughey invested in the startup
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