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November 11, 2025, 9:35 AM
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The Information:
Sources: Apple delays the next iPhone Air, originally set for fall 2026, after the first model sold below expectations and a portion of inventory remains unsold  —  Apple is delaying the release of next year's version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations …
David Keohane / Financial Times:
SoftBank sold its entire Nvidia stake, or ~32M shares, in October for $5.8B and part of its T-Mobile stake for $9.2B, boosting Q2 profit to $16.2B, above est.  —  Net profit doubles to $16bn on gains from OpenAI and PayPay holdings  —  Masayoshi Son's SoftBank Group has sold its entire stake …
Vogue:
Apple and Japanese fashion house Issey Miyake launch the $150+ iPhone Pocket, a 3D-knitted fabric accessory, in Apple's first fashion deal since Hermès' in 2015  —  It's no secret that Steve Jobs's favorite fashion designer was Issey Miyake.  The former Apple CEO adopted …
Financial Times:
Sources: Meta Chief AI Scientist Yann LeCun plans to leave Meta in the coming months to found his own startup; a source says he is in early talks to raise funds  —  Turing Award winner seeks to depart as Mark Zuckerberg makes ‘superintelligence’ push  —  Melissa Heikkilä in London …
Kosaku Narioka / Wall Street Journal:
Sony reports Q2 revenue up 4.6% YoY to ~$20.3B, net profit up 6.7% YoY to ~$2.02B, 3.9M PS5s sold, and raises its FY operating profit forecast by 7.5% to ~$9.3B  —  Sony 6758 5.51%increase; green up pointing triangle Group raised its earnings forecasts after a stronger-than-expected second quarter …
Reuters:
A Munich court sides with Germany's music rights society GEMA in a case against OpenAI, saying OpenAI can't use song lyrics without a license; OpenAI can appeal  —  A German court on Tuesday sided with the country's music rights society GEMA in a closely watched copyright case against U.S.-based artificial intelligence firm OpenAI.
Berber Jin / Wall Street Journal:
Docs: Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses, or ~75% of revenue, that year before turning a profit in 2030  —  Financial documents from both companies show the different approaches they are taking to the AI boom
Olga Kharif / Bloomberg:
Crypto exchange Gemini reports Q3 revenue up 106% YoY to $50.6M, above $46.2M est., and net loss up 77% YoY to $159.5M, below est.; GEMI drops 5%+  —  Gemini Space Station Inc., the crypto exchange founded by Tyler and Cameron Winklevoss, reported a steeper loss than analysts anticipated …
Miles Kruppa / The Information:
Source: Blue Owl's Digital Infrastructure funds are investing ~$3B in a New Mexico-based Stargate data center, set to consume 4.5GW, as Blue Owl expands into AI  —  Blue Owl Capital, one of Wall Street's biggest private lenders, is ramping up its big bet on artificial intelligence …
CRN:
Intel CTO and AI officer Sachin Katti says he is leaving the company after four years to join OpenAI; Intel says CEO Lip-Bu Tan will take over its AI efforts  —  Intel CEO made Katti the company's chief technology and artificial intelligence officer in April.
Jiyoung Sohn / Wall Street Journal:
An investor group and AI developer Voltai plan to use AI to design, build, and run a 3GW data center in South Korea, set to cost up to $35B and open in 2028  —  If completed as envisioned by its backers, the data center is set to cost as much as $35 billion and pack up to 3 gigawatts of power

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:35 AM ET, November 11, 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

Benjamin Lindsay / The Wrap:
Memo: WaPo won't send sports staffers to cover the Winter Olympics in Italy, as it assesses financial priorities for 2026, following reports of expected layoffs

Zhiyu Luo / Los Angeles Business Journal:
California Post, a daily newspaper produced by the same company that publishes the New York Post, debuts on Monday in Southern California, led by EIC Nick Papps

Dan Evans / Byline Times:
Daily Mail publisher's High Court trial over alleged phone hacking threatens to derail its £500M Telegraph bid, as main funder NatWest considers the legal risks

More News

Carl Franzen / VentureBeat:
Meta introduces Omnilingual Automatic Speech Recognition, a suite of AI models providing automatic speech recognition capabilities for more than 1,600 languages

Earlier Picks

Sander Lutz / Decrypt:
The US Treasury and IRS issue guidance allowing crypto products to offer staking rewards under a new safe harbor
Jordan Novet / CNBC:
CoreWeave reports Q3 revenue up 134% YoY to $1.36B, above $1.29B est., net loss down 69% YoY to $110M, and forecasts FY revenue below est.; CRWV drops 5%+
Anna Washenko / Engadget:
Meta says it will discontinue Facebook's Like and Share buttons for websites on February 10, 2026, since usage “declined as the digital landscape has evolved”
Farah Stockman / New York Times:
California-based Neros, which makes low-cost, military FPV drones, raised $75M led by Sequoia, bringing its total funding to $121M, and won a US Army contract
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