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Techmeme

An account of working at Cursor for 60 days: a largely in-person culture, few scheduled meetings, aggressive recruiting, heavy internal product testing, more (Brie Wolfson/Colossus)

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In DeepSeek's first public appearance since R1's success, a senior researcher told a state-run conference he was pessimistic about AI's impact on humanity (Reuters)

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CoinGecko: crypto market cap falls to $3.5T from October's $4.4T peak, on track to erase its 2025 gains; crypto ETFs had $700M of net outflow over the past week (Bloomberg)

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Vast Data, which develops data storage tools, inks a $1.17B AI deal with CoreWeave; Vast Data, valued at $9.1B in 2023, said it reached $200M ARR by Jan. 2025 (Krystal Hu/Reuters)

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Nasdaq had its worst 5-day run since April, falling 3% for the week as the combined market value of eight most valuable AI-related stocks fell by about $800B (Financial Times)

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A US judge declares a mistrial after a jury couldn't reach a verdict on two brothers charged in 2024 for allegedly stealing $25M in crypto from Ethereum traders (Bloomberg)

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Google introduces Nested Learning, a new ML approach for continual learning that views models as nested optimization problems to enhance long context processing (Google Research)

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Sources: Samsung is in talks with Barclays to launch a consumer credit card in the US; it's also exploring a high-yield savings account, BNPL product, and more (AnnaMaria Andriotis/Wall Street Journal)

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France's Finance Ministry halts the suspension proceedings of Shein that was initiated on November 5 after Shein withdrew illicit products from its platform (Inti Landauro/Reuters)

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In a letter on October 27, OpenAI asked the Trump administration to expand a 35% Chips Act tax credit to help lower the cost of AI infrastructure (Bloomberg)

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Both Baumol effect and Jevons paradox may apply to the AI supercycle, as services with AI productivity gains get cheaper, while those without AI become costlier (Alex Danco/a16z)

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Unit 42: "commercial grade" spyware called Landfall, likely zero-click, was used in a hacking campaign aimed at Samsung Galaxy phones in the Middle East (Suzanne Smalley/The Record)

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Sources: Roelof Botha was ousted by senior Sequoia partners amid concerns about his "imperial style" leadership, AI investment strategy, and internal clashes (George Hammond/Financial Times)

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Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years (Allie Garfinkle/Fortune)

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A Delaware federal jury rules that GoDaddy owes patent owner Express Mobile $170M for violating its rights in website-building technology; GoDaddy will appeal (Blake Brittain/Reuters)

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Trump Media reports Q3 net sales down 3.8% YoY to $972.9K and a net loss of $55M, up from $19M in Q3 2024; its stock is down 70% from a January high (Bailey Lipschultz/Bloomberg)

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You.com CEO Richard Socher is working on a new AI lab to automate AI research, and, sources say, hopes to raise $1B for it; Socher will remain at You.com (The Information)

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Meta says it will invest $600B in the US infrastructure and jobs by 2028; Zuckerberg told Trump at a September dinner that Meta will spend "at least $600B" (Juby Babu/Reuters)

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Denmark's government has reached a political agreement to ban social media access for anyone under 15, with a possible parental consent exception from age 13 (Euronews)

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Amazon launches Amazon Bazaar, a standalone, low-cost shopping app in 12+ markets across Asia, Africa, and Latin America, with most products priced under $10 (Sarah Perez/TechCrunch)

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Commonware, which develops open-source code for launching blockchains, raised $25M led by Tempo, a stablecoin-focused blockchain backed by Stripe and Paradigm (Ben Weiss/Fortune)

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Fastbreak AI, which provides AI-based sports scheduling optimization tools to the NBA, the NHL, MLS, and others, raised $40M led by Greycroft and GTMfund (Kim Bhasin/Bloomberg)

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1Password CEO David Faugno says the company has crossed $400M in ARR, up from $250M in 2023, and says it is benefiting from a threat landscape shift due to AI (Samantha Subin/CNBC)

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Sources: Google Gemini co-lead Noam Shazeer clashed with colleagues on internal forums over topics like gender and Gaza; moderators deleted some of his comments (The Information)

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Microsoft, Meta, and sources say, Google, will not publish diversity reports and data in 2025; Amazon, Apple, and Nvidia released new diversity data in 2025 (Paresh Dave/Wired)

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Study: Polymarket's trading volume has been inflated by wash trading, accounting for an average of 25% of all buying and selling over the past three years (Lydia Beyoud/Bloomberg)

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Vodafone and AST SpaceMobile plan to establish a Europe-led satellite constellation, operated out of Germany, to provide satellite-to-smartphone connectivity (Reuters)

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China is letting Nexperia export chips again, per officials from several auto companies; shares of Wingtech, Nexperia's Chinese parent company, close up 9.70% (Bloomberg)

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Texas Attorney General Ken Paxton sues Roblox, saying it's a "breeding ground for predators" that is "flagrantly ignoring" safety laws and "deceiving parents" (Osmond Chia/BBC)

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Sources: the Netherlands is prepared to drop the ministerial order that gave it control of Nexperia if China allows exports of its critical chips again (Bloomberg)

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Researchers tested Google DeepMind's AlphaEvolve AI coding agent on 67 mathematical problems and found that it discovered improved solutions to ~20 of them (Adam Zsolt Wagner/@azwagner_)

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Seven lawsuits in California, including four wrongful death lawsuits, claim ChatGPT encouraged dangerous discussions, leading to suicides and harmful delusions (Kashmir Hill/New York Times)

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Speaking to shareholders, Elon Musk says Tesla is "probably going to have to build a gigantic chip fab" for AI chips and "maybe, we'll do something with Intel" (Sayantani Ghosh/Reuters)

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Draft proposal: the EU weighs a pause and simplification of parts of the AI Act, with a decision expected on November 19, amid pressure from Big Tech and the US (Barbara Moens/Financial Times)

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TikTok Shop says fraudulent sellers are using AI to create fake brands and nonexistent products; TikTok rejected 70M products and banned 700K sellers in H1 2025 (Dan Whateley/Business Insider)

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Cloudflare warns the US government that site-blocking efforts in Europe and Asia to combat online piracy are creating digital trade barriers for US providers (Ernesto Van der Sar/TorrentFreak)

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An Oxford Internet Institute study of 445 AI benchmarks finds many tests lack clear aims and comparable statistical methods, potentially exaggerating AI claims (Jared Perlo/NBC News)

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Chinese startup Moonshot releases Kimi K2 Thinking, an open-source model it claims beats GPT-5 in agentic capabilities; source: the model cost $4.6M to train (Evelyn Cheng/CNBC)

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Sources: the White House has told others in the government it won't allow Nvidia to sell its scaled-down AI chip B30A to China, despite Trump's hints he might (Qianer Liu/The Information)

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Tow Center identifies eight X bot accounts that use X's AI Note Writer API to write between 5% to 10% of the Community Notes visible to the public each day (C.J. Robinson/Columbia Journalism Review)

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Block reports Q3 revenue up 2.3% YoY to $6.1B, below $6.3B est., adjusted EPS below est., and a $461.6M net income, up from $283.8M; XYZ drops 11%+ after hours (Dean Seal/Dow Jones Newswires)

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Affirm reports Q1 revenue up 34% YoY to $933M, vs. $883M est., GMV up 42% to $10.8B, vs. $10.38B est., and profit above estimates; AFRM jumps 11%+ after hours (Reinhardt Krause/Investor's Business ...)

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The US Congressional Budget Office says it has identified a security incident; sources say the CBO has been hacked by a suspected foreign actor (Washington Post)

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Meta launches Vibes, its short-form video feed of AI-generated videos, in Europe through the Meta AI app, following its US debut six weeks earlier (Aisha Malik/TechCrunch)

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Tesla shareholders approve a $1T pay package for Elon Musk that requires him to hit a series of milestones and expand Tesla's market cap to $8.5T over 10 years (Becky Peterson/Wall Street Journal)

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Airbnb reports Q3 revenue up 10% YoY to $4.1B, vs. $4.08B est., Nights and Seats booked up 9% to 133.6M, vs. 131.75M est., forecasts Q4 revenue above estimates (Ashley Capoot/CNBC)

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DoorDash's stock fell 17%+ on Thursday, marking its worst trading day ever, amid concerns over its 2026 spending plans for new products like autonomous delivery (Samantha Subin/CNBC)

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Take-Two delays the release of GTA VI by six months to November 2026, reports Q2 net bookings up 33% YoY to $1.96B, vs. $1.72B est.; TTWO drops 6%+ after hours (Jason Schreier/Bloomberg)

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Sam Altman says OpenAI doesn't want government guarantees for data centers and expects to fund investments with revenues hitting "hundreds of billions by 2030" (Shirin Ghaffary/Bloomberg)

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Amazon is testing an AI tool called Kindle Translate that automatically translates books into other languages, for authors that self-publish on the platform (Lawrence Bonk/Engadget)

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