Techmeme
November 12, 2025, 6:15 PM

Top News

Jay Peters / The Verge:
Valve unveils Steam Frame, a VR headset that can stream games from a PC or run Windows and Android games locally, expected to launch in 2026 for under $999  —  Valve is about to launch a new virtual reality headset, and with it, a comprehensive new approach to what a VR device should be.
David Heaney / UploadVR:
Valve's Steam Frame features a replaceable battery strap, dual 2160×2160 LCD panels, a Snapdragon 8 Gen 3 chipset, 16GB of RAM, a microSD slot, and weighs 440g  —  Valve just officially announced Steam Frame, a “streaming-first” standalone VR headset launching in “early 2026”.
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 …
Jay Peters / The Verge:
Valve unveils the second-gen Steam Controller, with a puck that serves as both a low-latency wireless connector and a charging station, launching in early 2026  —  Imagine a Steam Deck with the screen lopped off, and you're close. … One of the best parts of the Steam Deck is its many different controls …
OpenAI:
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.
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 …
William Gallagher / AppleInsider:
An Apple-funded study about DMA finds developers didn't pass on App Store fee savings to EU users, keeping prices the same or increasing them on 91% of products  —  A study backed by Apple claims to show that the Digital Markets Act is not lowering prices for App Store users, even when the company is forced to lower its fees.
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
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 …
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 …
Lora Kolodny / CNBC:
Boston-based Code Metal, which uses AI to help engineers translate code into other languages, raised a $36.5M Series A led by Accel at a $250M valuation  —  Peter Morales started Code Metal two years ago, jumping into the market for artificial intelligence coding tools at a time when AI companies …
More: Code Metal
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:
Cisco reports Q1 revenue up 8% YoY to $14.88B, vs. $14.77B est., net income up 5% to $2.86B, and forecasts Q2 revenue above est.; CSCO jumps 5%+ after hours  —  Cisco reported better-than-expected profit and revenue for its fiscal first quarter on Wednesday.  The stock rose about 5% in extended trading.
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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Earlier Picks

Robert Hart / The Verge: