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Sources: Meta plans deep budget cuts to its metaverse efforts in 2026, potentially as high as 30% and most likely including layoffs as early as January (Kurt Wagner/Bloomberg)
2025-12-04 14:11 - https://www.techmeme.com/feed.xml
 
Flex, which offers AI-based financial services, credit, and more to mid-sized companies, raised a $60M Series B led by Portage, source says at a $500M valuation (Aditya Soni/Reuters)
2025-12-04 15:11 - https://www.techmeme.com/feed.xml
 
Taiwan's interior ministry announces a one-year ban on access to Chinese social media app Xiaohongshu, aka RedNote, citing 1,700+ fraud cases since 2024 (Ben Blanchard/Reuters)
2025-12-04 14:11 - https://www.techmeme.com/feed.xml
 
Yann LeCun says his unnamed AI startup will not receive financial backing from Meta, will focus on advanced AI world models, and hints it will be Paris-based (Benoit Berthelot/Bloomberg)
2025-12-04 14:11 - https://www.techmeme.com/feed.xml
 
AI legal software startup Harvey raised $160M led by a16z at an $8B valuation, up from $3B after raising $300M in February, taking its funding in 2025 to $760M (Michael J. de la Merced/New York Times)
2025-12-04 14:11 - https://www.techmeme.com/feed.xml
 
The EU expects to launch a formal bidding process for its AI gigafactories in early 2026 and close it in summer 2026, as the bloc seeks to catch up with the US (Mauro Orru/Wall Street Journal)
2025-12-04 14:11 - https://www.techmeme.com/feed.xml
 
Sources: Amazon, the USPS' top customer with $6B+ in revenue in 2025, is considering ending its deal at the end of 2026 and expanding its own delivery network (Jacob Bogage/Washington Post)
2025-12-04 13:10 - https://www.techmeme.com/feed.xml
 
University of Virginia professor Ken Ono, one of the world's most prominent mathematicians, joins AI startup Axiom Math, which is building an "AI mathematician" (Ben Cohen/Wall Street Journal)
2025-12-04 13:10 - https://www.techmeme.com/feed.xml
 
The EU says it is gathering information and feedback from ~200 stakeholders on Google's offer to fix alleged antitrust violations linked to its ad tech business (Bloomberg)
2025-12-04 13:10 - https://www.techmeme.com/feed.xml
 
Chip giants' efforts to turn Phoenix into a US hub may hinge on training local workers; an estimated 115K local chip jobs are set to be created in four years (Peter S. Goodman/New York Times)
2025-12-04 12:09 - https://www.techmeme.com/feed.xml
 
A look at "TSMC Village" in North Phoenix, as TSMC brings an influx of skilled workers from Taiwan who face challenges like adapting to a sprawling suburbia (Peter S. Goodman/New York Times)
2025-12-04 13:10 - https://www.techmeme.com/feed.xml
 
Malaysian authorities are using drones, power sensors, and tips to hunt Bitcoin miners over power theft, which cost a state energy company $1.1B over five years (Bloomberg)
2025-12-04 12:09 - https://www.techmeme.com/feed.xml
 
How TSMC, Intel, and Amkor are transforming Phoenix into the US' chip hub, investing tens of billions and showing the difficulties of large-scale US projects (Peter S. Goodman/New York Times)
2025-12-04 12:09 - https://www.techmeme.com/feed.xml
 
Documents: Foxconn's subsidiaries and China's Luxshare plan expansions in Vietnam to boost gaming device production, reinforcing Vietnam's supply chain role (Reuters)
2025-12-04 12:09 - https://www.techmeme.com/feed.xml
 
DealBook Summit: Palantir CEO Alex Karp says "the more constitutional you want to make" the US' Caribbean boat strikes "the more you're going to need" Palantir (Ece Yildirim/Gizmodo)
2025-12-04 12:09 - https://www.techmeme.com/feed.xml
 
Jimmy Wales says Wikimedia is working with Big Tech on AI deals similar to Google and reader donations are "not to subsidize OpenAI costing us a ton of money" (Reuters)
2025-12-04 11:09 - https://www.techmeme.com/feed.xml
 
Google DeepMind's mechanistic interpretability team details why it shifted from fully reverse-engineering neural nets to a focus on "pragmatic interpretability" (AI Alignment Forum)
2025-12-04 10:08 - https://www.techmeme.com/feed.xml
 
Sources: Beijing-based Cambricon plans to more than triple its AI chip production to 500K units in 2026, including 300K of its advanced Siyuan 590 and 690 chips (Yuan Gao/Bloomberg)
2025-12-04 10:08 - https://www.techmeme.com/feed.xml
 
Sources: SoftBank agrees to sell a large portion of its stake in InMobi back to the Indian mobile ad company for ~$250M, reducing its holding to <10% from 30%+ (Bloomberg)
2025-12-04 09:07 - https://www.techmeme.com/feed.xml
 
Ofcom fines AVS Group, which runs 18 adult sites, £1M+ under the OSA, the largest penalty so far, and threatens action against a "major social media company" (Daniel Thomas/Financial Times)
2025-12-04 11:09 - https://www.techmeme.com/feed.xml
 
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