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Techmeme
November 11, 2025, 7:55 AM
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The Information:
Sources: Apple is delaying the next generation iPhone Air's release date, originally planned for fall 2026, after the first model sold below expectations  —  Apple is delaying the release of next year's version of the iPhone Air, its thinnest smartphone, after the first model sold below expectations …
Financial Times:
Sources: Meta Chief AI Scientist Yann LeCun plans to leave 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, Hannah Murphy and Stephen Morris in San Francisco
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, its first fashion collaboration since Hermès in 2015  —  It's no secret that Steve Jobs's favorite fashion designer was Issey Miyake.  The former Apple CEO adopted …
Kosaku Narioka / Wall Street Journal:
Sony reports Q2 revenue up 4.6% YoY to ~$20.3B, net profit up 6.7% to ~$2.02B, 3.9M PS5 units sold, and raises 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 …
Berber Jin / Wall Street Journal:
Financial documents: Anthropic expects to break even in 2028, while OpenAI projects ~$74B in operating losses that year before turning a profit in 2030  —  Financial documents from both companies show the different approaches they are taking to the AI boom  —  The finances of Silicon Valley's …
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.
Deborah Sophia / Reuters:
Nebius signs a ~$3B, five-year deal to provide Meta with AI infrastructure and reports a $100M+ loss in Q3, up from a $39.7M loss in Q3 2024  —  Nebius Group (NBIS.O) has signed a deal worth about $3 billion with Meta to provide the Facebook owner with AI infrastructure over a five-year period …
More: Bloomberg
Tasmin Lockwood / CNBC:
Oura CEO Tom Hale says the Finnish company expects “maybe close” to $2B in sales in 2026, up from $1B in 2025, and there is “no news on an IPO”  —  The chief executive of Finland's Oura told CNBC on Tuesday that he expects the wearable tech company to generate close to $2 billion in sales next year.
Olivia Poh / Bloomberg:
Sea reports Q3 revenue up 38% YoY to $6B, above $5.65B est., a $375M net income, below $433M est., and Shopee revenue up 35% YoY to $4.3B and GMV up 28% YoY  —  Sea Ltd.'s quarterly profit missed analysts' estimates after the company boosted spending to battle competitors in Southeast Asia's cut-throat e-commerce market.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:55 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

Jennifer Jacobs / CBS News:
Sources: the Pentagon fired Stars and Stripes' publisher, EIC, and a Middle East reporter for insubordination; the publisher earlier announced his retirement

Gene Maddaus / Variety:
Sources: Paramount reps are expected to meet Monday with the California AG's office to discuss a possible settlement of the antitrust suit blocking the WBD deal

Cynthia Littleton / Variety:
Owl & Co.: vertical video revenue is expected to hit $150B outside of China in 2026, up 42% YoY, with Meta, ByteDance, and YouTube generating 94% of the total

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
Sander Lutz / Decrypt:
The US Treasury and IRS issue guidance allowing crypto products to offer staking rewards under a new safe harbor

Earlier Picks

Jordan Novet / CNBC:
CoreWeave reports Q3 revenue up 134% YoY to $1.36B, above $1.29B est., a $110M net loss, and forecasts FY revenue below estimates; CRWV drops 5%+
Anna Washenko / Engadget:
Meta plans to discontinue Facebook's Like and Share buttons for external sites in February 2026 as usage “naturally declined as the digital landscape evolved”
Farah Stockman / New York Times:
Neros, which makes low-cost, military FPV drones in the US, raised $75M led by Sequoia, bringing its total funding to $121M, and won a US Army contract
Josh Scott / BetaKit:
Canada-based legaltech company Clio raised a $500M Series G at a $5B valuation, along with $350M in debt, and says it has completed its $1B vLex acquisition
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