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Techmeme
October 8, 2025, 11:20 AM
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Top News

Bloomberg:
Nvidia and OpenAI's wave of circular deals escalates concerns that they're artificially propping up the $1T+ AI market that is tied to every part of the economy  —  A wave of deals and partnerships are escalating concerns that the trillion-dollar AI boom is being propped up by interconnected business transactions.
Annie Palmer / CNBC:
Jensen Huang says AMD offering a 10% stake to OpenAI is “imaginative” and “surprising” considering that AMD was “so excited about” its next-generation chip  —  Nvidia CEO Jensen Huang said Wednesday that he's surprised Advanced Micro Devices offered 10% …
Bloomberg:
Sources: xAI nears a deal to raise $20B in equity and debt, tied to the Nvidia GPUs that xAI plans to rent for Colossus 2, with Nvidia investing as much as $2B  —  Elon Musk's artificial intelligence startup xAI is raising more financing than initially planned, tapping backers including Nvidia Corp …
Sam Clark / Politico:
A website set up by a Danish software developer floods EU lawmakers with emails opposing planned EU “Chat Control” laws to fight CSAM by scanning encrypted apps  —  A software developer from Denmark is having an outsized influence on a hotly debated law to break open encrypted apps.
CryptPad Blog:
Open letter: 40+ European companies oppose the EU's “Chat Control” proposal, which would force services to scan messages for CSAM, fearing a backdoor mandate  —  Today we are adding our signature (and that of our parent company XWiki SAS) to a new open letter against the so-called “Chat Control” EU regulation.
Tom Warren / The Verge:
Microsoft delays last week's 50% price hike for existing Xbox Game Pass Ultimate subscribers in Germany, Ireland, South Korea, Poland, India, and other markets  —  Current subscribers in some European countries won't be affected by Microsoft's Game Pass price hikes just yet.
Naga Avan-Nomayo / The Block:
Polymarket CEO Shayne Coplan says the startup raised two undisclosed rounds: $55M at a $350M valuation in 2024 and $150M at a $1.2B valuation earlier in 2025  —  - Polymarket CEO Shayne Coplan says the prediction platform raised $55 million in 2024 and $150 million earlier this year.
Ben Thompson / Stratechery:
Q&A with Sam Altman on OpenAI's unifying vision, infrastructure deals, the investor mindset, ChatGPT apps, Instant Checkout, Sora, copyright, feedback, and more  —  Today's Stratechery Interview is with OpenAI co-founder and CEO Sam Altman.  I have interviewed Altman twice before …
Bloomberg:
Sources: $TRUMP issuer Fight Fight Fight LLC is working to raise $200M to $1B to create a digital asset treasury company to accumulate the struggling token  —  The startup that issued Donald Trump's memecoin several days before his second presidential inauguration is working to raise …
Washington Post:
An analysis of 1,100 TikTok users' watch histories across six months in 2024 shows just how effective TikTok is at getting even its heaviest users to watch more  —  More than 800 U.S. TikTok users shared their data with The Washington Post.  We used it to find out why some people become power users, spending hours per day scrolling.
Nick Lichtenberg / Fortune:
Harvard economist Jason Furman estimates that investments in data centers and information-processing software accounted for 92% of the US' GDP growth in H1 2025  —  U.S. GDP growth in the first half of 2025 was almost entirely driven by investment in data centers and information processing technology …
Kerry Flynn / Axios:
Snappr, a visual content platform and a marketplace for professional photographers, raised a $28M Series B led by Foundry and expands to Europe  —  Snappr has expanded its visual content platform, along with its network of photographers, to Europe after raising a Series B round, CEO Matt Schiller exclusively tells Axios.
Lily Kuo / New York Times:
China's Cyberspace Administration began a two-month campaign in late September to fight “excessively pessimistic sentiment” and defeatist ideas on social media  —  As China struggles with economic discontent, internet censors are silencing those who voice doubts about work, marriage, or simply sigh too loudly online.
John Revill / Reuters:
SoftBank Group agrees to acquire ABB's robotics business, which generated $2.3B in sales in 2024, for $5.4B; ABB expects the deal to close in mid-to-late 2026  —  SoftBank Group (9984.T) said on Wednesday it has agreed to buy the robotics business of Swiss engineering group ABB (ABBN.S) in a $5.4 billion deal.
Anthropic:
Anthropic plans to open its first Indian office, in Bengaluru, in early 2026; Dario Amodei is visiting India to meet government officials and potential partners  —  Today we're announcing that we're expanding our global operations to India, with plans to open an office in Bengaluru in early 2026.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:20 AM ET, October 8, 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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Dasha Afanasieva / Bloomberg:
US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry
Financial Times:
UK filings: Revolut CEO and largest shareholder Nik Storonsky has shifted his residency from the UK to the UAE; Revolut is awaiting a full UK banking license
Kunal Manchanada / Entrackr:
Raise Financial Services, the parent company of Indian stock trading and investment app Dhan, raised $120M led by Hornbill Capital at a $1.2B valuation

Earlier Picks

The Keyword:
Google releases the Gemini 2.5 Computer Use model, built on Gemini 2.5 Pro's capabilities to power agents that can interact with UIs, in preview via the API
Anthropic:
Anthropic releases Petri, an open-source tool that uses AI agents for safety testing, and says it observed multiple cases of models attempting to whistle blow
Bloomberg:
Michel Devoret, a Google Quantum AI chief scientist, John Martinis, who left Google in 2020, and John Clarke win the Nobel in Physics for quantum computing work
Sarah Perez / TechCrunch:
Mastodon plans to add Bluesky-like Starter Packs to suggest accounts that new users should follow, but will allow accounts to opt out of being included in Packs
Sarah Perez / TechCrunch:
AltStore, one of the first alternative app stores in the EU, raised a $6M Series A from Pace Capital and aims to launch in Australia, Brazil, and Japan in 2025
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