Techmeme
October 16, 2025, 9:05 AM

Top News

Ryan S. Gladwin / Decrypt:
Paxos says it “mistakenly minted” $300T of PayPal's PYUSD stablecoin on October 15 on the Ethereum blockchain and then “burned” the tokens 20+ minutes later  —  Crypto industry observers were baffled Wednesday afternoon when an on-chain transaction showed that Paxos …
Bloomberg:
Sources: F5 blames its breach on state-backed hackers from China who used the Brickstorm malware to infiltrate its network for 12+ months and steal source code  —  A potentially “catastrophic” breach of a major US-based cybersecurity provider has been blamed on state-backed hackers from China …
Bill Toulas / BleepingComputer:
Mark Gurman / Bloomberg:
Sources: Apple executive Ke Yang, who was appointed just weeks ago as the head of the AKI team developing AI-driven web search for Siri, is leaving for Meta  —  The Apple Inc. executive leading an effort to develop AI-driven web search is stepping down, marking the latest in a string …
The Keyword:
Google releases Cell2Sentence-Scale 27B (C2S-Scale), a 27B-parameter foundation model for single-cell analysis built on its Gemma family of open models  —  We're launching a new 27 billion parameter foundation model for single-cell analysis built on the Gemma family of open models.
Dominic Preston / The Verge:
Honor teases the Robot Phone, featuring an AI-enabled, gimbal-mounted camera that unfolds from the phone's rear and can shoot photos and video in any direction  —  But we'll have to wait until next year to find out more. … Honor has announced what it's calling the “Robot Phone …
Dominic Preston / The Verge:
Debby Wu / Bloomberg:
TSMC reports Q3 net profit up 39% YoY to $14.8B, above est., and raises its 2025 revenue growth projection to the mid-30% range, signaling strong AI chip demand  —  Taiwan Semiconductor Manufacturing Co. hiked its projection for 2025 revenue growth for the second time this year …
Russell Brandom / TechCrunch:
Anthropic releases Claude Haiku 4.5, claiming it offers similar levels of coding performance to Sonnet 4 at “one-third the cost and more than twice the speed”  —  On Wednesday, Anthropic released Claude Haiku 4.5, the newest version of its smallest model, billed as offering similar performance …
Anthropic:
Emily Nicolle / Bloomberg:
Kraken acquires Small Exchange, a US-licensed futures exchange, from the IG Group, for $32.5M in cash and $67.5M in Kraken parent's Payward stock  —  Kraken has acquired a US-licensed futures exchange from IG Group as the crypto heavyweight seeks to broaden the range of products it can offer directly to US customers.
Ashley Capoot / CNBC:
Sam Altman says OpenAI is “not the elected moral police of the world” after receiving backlash for saying ChatGPT will allow “erotica for verified adults”  —  OpenAI CEO Sam Altman said Wednesday that the company is “not the elected moral police of the world” …
Matt Burgess / Wired:
How facial recognition software rejects people with facial differences, who number an estimated 100M+ worldwide, blocking them from accessing essential services  —  An estimated 100 million people live with facial differences.  As face recognition tech becomes widespread …
Bluesky: @brbarrett, @lhn, @mattburgess1, and @coutsForums: r/technews
Wall Street Journal:
The White House says representatives from Microsoft, Meta, Google, and other corporate donors to the $250M ballroom attended a dinner with President Trump  —  Dinner set to include representatives from Lockheed Martin, Microsoft, Meta, Google, Amazon.com and Palantir
Financial Times:
Investigation: the Trump family's crypto empire has reaped over $1B in pre-tax profits over the past year; Eric Trump says the true figure is “probably more”  —  The president and his family have built a rapidly growing digital assets empire which has been fuelled by the administration's industry-friendly policies
Deena Mousa / MIT Technology Review:
How AI-powered tools like PainChek, an app that scans a person's face for tiny muscle movements, are helping healthcare providers better assess patients' pain  —  For years at Orchard Care Homes, a 23‑facility dementia-care chain in northern England, Cheryl Baird watched nurses fill …
Joe Rossignol / MacRumors:
Apple doesn't include a charger in the box with the new M5 MacBook Pro in European countries, making users pay extra; the company cites local regulations  —  The new 14-inch MacBook Pro with an M5 chip does not include a charger in the box in European countries, including the U.K., Ireland …
Dave Lee / Bloomberg:
David Sacks says Anthropic is running a “regulatory capture strategy based on fear-mongering”, responding to Anthropic co-founder Jack Clark's post on AI policy  —  On Tuesday, White House AI “czar” and venture capitalist David Sacks intensified a frustration that has been building for months.
Bloomberg:
Sources: a ransomware attack is disrupting US state and local borrowers' ability to post debt documents on the $4.3T municipal bond market's MuniOS platform  —  A ransomware attack is disrupting state and local borrowers' ability to post debt documents on the $4.3 trillion municipal-bond market's main distribution platform.
Yasutaka Tamura / Bloomberg:
Japanese chip material maker Tekscend rose 13% on its Tokyo debut after raising $1B in its IPO; Tekscend makes photomasks to transfer tiny circuits onto wafers  —  Tekscend Photomask Corp. shares gained 13% in their debut on the Tokyo Stock Exchange Thursday after the maker …

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Jordan Novet / CNBC:
David Pan / Bloomberg: