Techmeme
November 12, 2025, 1:45 PM

Top News

Jay Peters / The Verge:
Valve plans to launch Steam Frame, a VR headset with a Snapdragon 8 Gen 3 chip for streaming games from a PC or playing Windows games locally, in 2026  —  Valve is about to launch a new virtual reality headset, and with it, a comprehensive new approach to what a VR device should be.
Andrew E. Freedman / Tom's Hardware:
Valve unveils a new Steam Machine, a cube-shaped gaming PC with SteamOS, a semi-custom AMD Zen 4 CPU and AMD RDNA 3 GPU, and 16GB of RAM, expected in early 2026  —  Valve is promising 4K gaming at 60 FPS with FSR  —  Valve rattled the gaming industry in 2022 with the launch of the Steam Deck …
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.
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
Sarah Perez / TechCrunch:
Apple launches Digital ID in Apple Wallet, letting iPhone and Apple Watch owners in the US carry a copy of their passport, which can be used at TSA checkpoints  —  iPhone and Apple Watch owners in the United States will now be able to carry a copy of their U.S. passport on their device …
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 …
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 …
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 …
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
Reuters:
Circle reports Q3 revenue up 66% YoY to $739.8M, USDC in Circulation at quarter end up 108% YoY to $73.7B, and net income up 202% YoY to $214M; CRCL drops 5%+  —  Circle (CRCL.N) topped Wall Street estimates for third-quarter profit on Wednesday, driven by higher reserve income amid rising USDC circulation …
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:
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 …
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% …

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Financial Times:
Ivan Mehta / TechCrunch:
James Hunt / The Block:
Ben Weiss / Fortune:
Robert Hart / The Verge: