Techmeme
October 29, 2025, 8:35 PM

Top News

Meta:
Meta reports Q3 revenue up 26% YoY to $51.2B vs. $49.4B est., net income down 83% to $2.7B, family DAP up 8% to 3.54B for September; META drops 8%+ after hours  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025.
Jaspreet Singh / Reuters:
Jonathan Vanian / CNBC:
Alphabet:
Todd Spangler / Variety:
Alphabet reports YouTube's Q3 ad revenue rose 15% YoY to $10.26B, vs. $10.01B est., and Google's advertising revenue reached $74.18B, up from $65.85B a year ago  —  YouTube, the internet's biggest video streaming platform, continues to flex its muscles as an advertising powerhouse …
Jennifer Elias / CNBC:
Microsoft:
Microsoft reports Q1 revenue up 18% YoY to $77.7B, vs. $75.3B est., net income up 12% to $27.7B, and More Personal Computing revenue up 4% to $13.8B  —  Microsoft Cloud and AI Strength Drives First Quarter Results REDMOND, Wash. — October 29, 2025 — Microsoft Corp. today announced …
Reuters:
Jonathan Vanian / CNBC:
Microsoft says Microsoft 365 and Azure services using Azure Front Door are experiencing issues since around 12pm ET on Wednesday, and recovery is progressing  —  Microsoft was hit with outages in its Azure cloud and 365 services on Wednesday, hours before the company's scheduled earnings release.
Wall Street Journal:
Sources: OpenAI's restructuring, approved by California's AG, paves the way for an IPO as soon as 2027; Sam Altman says an IPO is likely but gave no timeframe  —  Company assured state officials that it would stay in California as it continues global expansion, which could include a public offering as soon as 2027
Financial Times:
Cursor:
Cursor launches Cursor 2.0, with its first coding model, Composer, that it says is 4x faster than similar models, and a multi-agent interface  —  Today, we're releasing two big updates that make Cursor the best place to work with agents: our first coding model, Composer, and a new interface for working with many agents in parallel.
Alex Heath / Sources:
Sources: YouTube reorganizes its leadership team, with three product teams reporting to CEO Neal Mohan, and announces a “voluntary exit program” for US staff  —  Neal Mohan's internal memo about YouTube's “next frontier” and opt-in layoffs.  —  ∙ Paid
Greg Otto / CyberScoop:
A former L3 Harris executive pleads guilty in a US district court to selling eight zero-day exploits to a Russian broker in exchange for millions of dollars  —  An ex-L3 Harris executive pleaded guilty to two counts of theft of trade secrets Wednesday, admitting to selling eight zero …
Abner Li / 9to5Google:
Google starts rolling out the Gemini for Home voice assistant in early access in the US, on Nest devices set to English  —  Google is beginning to roll out the Gemini for Home voice assistant in the US for devices set to English on all Nest speakers and displays from the past decade.
Sara Fischer / Axios:
Apollo Global reaches a deal to sell AOL to Bending Spoons, sources say in a deal valued at ~$1.5B; AOL has about 30M MAUs across its email and web properties  —  Apollo Global Management has reached a deal to sell AOL to Italian tech holding group Bending Spoons in a deal valued at roughly $1.5 billion, Axios has learned.
Cristina Criddle / Financial Times:
Character.ai plans to limit under-18s to two hours of conversations per day, gradually reducing the time limit before banning them completely from November 25  —  Move comes following growing public and regulatory scrutiny over safety of the technology for young users
Jess Weatherbed / The Verge:
YouTube is using AI to upscale videos uploaded at between 240p and 720p to “HD” and plans to offer 4K upscaling “in the near future”; users can opt out  —  The platform is optimizing its TV experience with new resolution upscaling and shopping features.
Pooja Rajkumari / TheStreet:
Crypto media company Blockworks is closing its newsroom, launched in 2021, and will focus on software and data, continuing its main newsletters and podcasts  —  Founded in 2017, the crypto media outlet says the move marks the next phase of its growth.  —  Blockworks, a leading crypto media company …
Wall Street Journal:
Amazon, UPS, Target, GM, and other major US companies are laying off tens of thousands of white collar workers, as executives hope AI can handle their workload  —  Layoffs at companies ranging from Amazon to Target are sending young and experienced workers alike into an unwelcoming market
Iain Martin / Forbes:
Sources: legal AI startup Harvey raised $150M led by a16z at an $8B valuation, up from a $5B valuation in June, bringing its total raised to over $1B  —  The San Francisco-based startup that provides artificial intelligence tools for lawyers has raised a new round of funding, its third in 2025 alone …
More: Bloomberg
Bloomberg:

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