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November 11, 2025, 10:10 AM
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Top News

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 …
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 …
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 …
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.
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 …
Ernesto Van der Sar / TorrentFreak:
A Danish court sentences a man for sharing 347+ copyrighted nude scenes on Reddit featuring 100+ actresses and 25TB+ of pirated content via a torrent tracker  —  A Danish court has handed down a historic verdict, convicting a Reddit moderator in the country's first-ever criminal case for violating copyright's “right of respect”.
More: 404 Media
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
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 …
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.
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 …
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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From Mediagazer

New York Times:
Sources: an Iranian-aligned militia in Iraq is seeking the release of several detained militia members in exchange for freeing journalist Shelly Kittleson

Charlotte Tobitt / Press Gazette:
Wired ends its UK print edition, after reducing from six to four issues per year at the end of 2024; seven London-based journalists left at the end of 2025

Aisha Malik / TechCrunch:
Beehiiv introduces Podcasts, letting creators host, distribute, and monetize podcasts directly on the platform, and plans to dynamically serve ads in podcasts

More News

Carl Franzen / VentureBeat:
Meta releases Omnilingual Automatic Speech Recognition, a suite of AI models handling automatic speech recognition for 1,600+ languages, vs. OpenAI Whisper's 99
Sander Lutz / Decrypt:
The US Treasury and IRS issue guidance allowing Wall Street crypto products to offer staking rewards under a new safe harbor, easing institutional participation

Earlier Picks

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
Bloomberg:
Sources: the European Commission is exploring ways to force EU member states to phase out Chinese telecom equipment makers Huawei and ZTE from their networks
Josh Scott / BetaKit:
Canada-based legaltech startup 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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