Techmeme
October 30, 2025, 1:05 PM

Top News

Mackenzie Hawkins / Bloomberg:
President Trump says he and Xi Jinping discussed Nvidia and other chipmakers' access to China, and that they didn't discuss approving sales of Blackwell chips  —  US President Donald Trump said he didn't discuss approving sales of Nvidia Corp.'s Blackwell chips to China with his counterpart Xi Jinping …
New York Times:
President Trump and Xi Jinping agree a yearlong truce that rolls back many contentious tariffs and retaliatory measures; the current deal expired on November 10  —  China agreed to suspend for a year some of its limits on exports of rare earth metals, while the U.S. halved its fentanyl-related tariffs.
Mark Anderson / Bloomberg:
China's Commerce Ministry says it will work with the US to resolve issues related to TikTok, stopping short of saying it agreed to a deal touted by Trump  —  Beijing pledged to work with Washington to resolve the fate of TikTok's US business, stopping short of saying it's agreed to a deal touted …
Keith Bradsher / New York Times:
Reuters:
Sources: OpenAI is preparing for a US IPO that could value it at ~$1T and has explored raising $60B+, filing as soon as H2 2026, and listing in 2027  —  OpenAI is laying the groundwork for an initial public offering that could value the company at up to around $1 trillion …
Meta:
Meta reports Q3 revenue up 26% YoY to $51.2B, vs. $49.4B est., net income down 83% YoY to $2.7B, and family DAP up 8% to 3.54B for September; META drops 9%+  —  Meta Platforms, Inc. (Nasdaq: META) today reported financial results for the quarter ended September 30, 2025.
Jonathan Vanian / CNBC:
Jaspreet Singh / Reuters:
Financial Times:
Google, Meta, and Microsoft collectively spent nearly $80B on AI infrastructure in Q3, dividing the market on whether they can translate huge capex into income  —  Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income
Alphabet:
Sara Fischer / Axios:
Milan-based Bending Spoons, which buys and seeks to revitalize tech brands like AOL, raised $710M led by T. Rowe Price at an $11B pre-money valuation  —  Bending Spoons, an Italian holding company that buys and seeks to revitalize tech brands like AOL, on Thursday announced a $710 million equity raise …
Dylan Butts / CNBC:
Samsung reports Q3 revenue up 8.85% YoY to ~$60.5B, vs. ~$60.4B est., and operating profit up 32.9% YoY to ~$8.57B, vs. ~$7.9B est., more than doubling from Q2  —  Samsung Electronics reported a rebound in earnings on Thursday, with operating profit more than doubling from the previous quarter …
Adamya Sharma / Android Authority:
Google updates Play Store policy in the US to let developers link to external app stores and payment options, following the Epic v. Google injunction  —  Android users in the US are finally getting real app store freedom.  —  •  —  TL;DR  — Google is opening up the Play Store in the US …
Katherine Sayre / Wall Street Journal:
UMG partners with AI music generator Udio to launch a subscription service for creating music with licensed songs in 2026, in part to settle a copyright lawsuit  —  Udio agrees to launch a new subscription service for fans to create music based on licensed songs
Marc Schneider / Billboard:
Wall Street Journal:
Sources detail how Binance boosted the Trump family's World Liberty Financial by facilitating a $2B purchase of USD1 and building its tech ahead of CZ's pardon  —  Giant crypto exchange facilitated $2 billion purchase of World Liberty's stablecoin and built its technology; clemency for Changpeng Zhao surprised some in administration
Microsoft:
Microsoft reports Q1 revenue up 18% YoY to $77.7B, vs. $75.3B est., net income up 12% YoY to $27.7B, and More Personal Computing revenue up 4% YoY to $13.8B  —  Microsoft Cloud and AI Strength Drives First Quarter Results REDMOND, Wash. — October 29, 2025 — Microsoft Corp. today announced …
Ashley Capoot / CNBC:
Jagmeet Singh / TechCrunch:
Google partners with Reliance to offer free AI Pro access to Jio 5G users in India for 18 months; Perplexity has a similar deal with Bharti Airtel  —  In a push to expand its AI footprint in emerging markets, Google has partnered with billionaire Mukesh Ambani-led Reliance Industries to bundle …
New York Times:
Q&A with Palantir CTO Shyam Sankar on surveillance, AI, the future of war, data, privacy, the US military, ImmigrationOS, the DHS, ICE, the UK's IDs, and more  —  The tech company's C.T.O. on surveillance, A.I. and the future of war.  —  Few companies in Silicon Valley inspire as much paranoia as Palantir.
Will Knight / Wired:
Extropic, which says its chips using probabilistic bits can be 10,000x more energy efficient than current AI chips, shares its first chip with some AI labs  —  A startup hopes to challenge Nvidia, AMD, and Intel with a chip that wrangles probabilities rather than 1s and 0s.
@appliedcompute:
Applied Compute, which wants to create custom AI agents trained on latent company knowledge, raised $80M from Benchmark, Sequoia, Elad Gil, and others  —  Generalists are useful, but it's not enough to be smart. Advances come from specialists, whether human or machine. To have an edge, agents need specific expertise, within specific companies, built on models trained on specific data. We call this Specific Intelligence. It's [image]

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Fortune:
Alex Heath / Sources:
Greg Otto / CyberScoop: