Microsoft's Q1 earnings, showing that it had a $3.1B net loss from its OpenAI stake, imply OpenAI lost $11.5B during the quarter based on Microsoft's 27% stake (Matt Rosoff/The Register)
Microsoft earnings suggest $11.5B+ OpenAI quarterly loss
updated: Satya has also delivered Sam most of the cash he promised
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Microsoft
By Matt Rosoff / The Register. View the full context on Techmeme.
Swift releases Swift SDK preview for Android, allowing developers to build Android apps in Swift and making it easier to share code across iOS and Android (Hartley Charlton/MacRumors)
MacRumors
Developers Can Now Make Android Apps With Apple
The first preview release of the Swift SDK for Android was published this week, allowing developers to build Android apps in Swift with official to...
Techmeme
Swift releases a Swift SDK preview for Android, allowing developers to build Android apps in Swift and making it easier to share code across iOS and Android
By Hartley Charlton / MacRumors. View the full context on Techmeme.
Sources: X's advertising chief John Nitti, who joined in January, has left; X's CFO Mahmoud Reza Banki left in early October after less than a year in the role (Hannah Murphy/Financial Times)
Client Challenge
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Sources: X
By Hannah Murphy / Financial Times. View the full context on Techmeme.
Sources: Sequoia COO Sumaiya Balbale resigned after the firm refused to discipline partner Shaun Maguire over his comments calling Zohran Mamdani "an Islamist" (Financial Times)
Client Challenge
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Sources: Sequoia COO Sumaiya Balbale resigned after the firm refused to discipline partner Shaun Maguire over his comments calling Zohran Mamdani “an Islamist”
From Financial Times. View the full context on Techmeme.
Hacker group Scattered LAPSUS$ Hunters posts alleged names, phone numbers, and addresses of hundreds of DHS, ICE, FBI, and DOJ officials in a mass doxxing event (Joseph Cox/404 Media)
404 Media
Hackers Dox Hundreds of DHS, ICE, FBI, and DOJ Officials
Scattered LAPSUS$ Huntersβ€”one of the latest amalgamations of typically young, reckless, and English-speaking hackersβ€”posted the apparent phone ...
Techmeme
Hacker group Scattered LAPSUS$ Hunters posts the alleged names, phone numbers, and addresses of hundreds of US DHS, ICE, FBI, and DOJ officials on Telegram
By Joseph Cox / 404 Media. View the full context on Techmeme.
The White House says representatives from Microsoft, Meta, Google, and other corporate donors to the $250M ballroom attended a dinner with President Trump (Wall Street Journal) https://www.wsj.com/politics/policy/trump-invites-ballroom-donors-to-glitzy-white-house-dinner-ccba9448?st=6LVKyp&reflink=desktopwebshare_permalink
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The White House says representatives from Microsoft, Meta, Google, Amazon, and other corporate donors to a $250M ballroom attended a dinner with President Trump
From Wall Street Journal. View the full context on Techmeme.
Paxos says it "mistakenly minted" $300T worth of PayPal's PYUSD stablecoin on Wednesday and "burned" the tokens a little over 20 minutes later (Ryan S. Gladwin/Decrypt)
Decrypt
Printing Money: Paxos Mints, Then Burns $300 Trillion in PayPal Stablecoins - Decrypt
A fat-finger mistake, or a hack? Crypto traders are confounded after $300 trillion worth of PayPal's PYUSD was minted and then burned.
Techmeme
Paxos says it “mistakenly minted” $300T of PayPal
By Ryan S. Gladwin / Decrypt. View the full context on Techmeme.
OpenAI's massive deals show Sam Altman is selling a vision of a world-changing product and achieving it via world-changing financial engineering to raise $1T+ (Matt Levine/Bloomberg)
Bloomberg.com
OpenAI Keeps Doing Deals
Also crypto liquidations, inverse levered ETFs, stock buybacks and trade secrets.
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OpenAI
By Matt Levine / Bloomberg. View the full context on Techmeme.
Google adds Gemini 2.5 Flash Image, aka Nano Banana, to Search's AI Mode and Google Lens, on Android in the US for those with an account opted into Search Lab (Abner Li/9to5Google)
9to5Google
Nano Banana image editing comes to AI Mode and Google Lens
Nano Banana has been a hit in the Gemini app, and Google is now bringing image editing and generation to AI Mode, as well as Google Lens.
Techmeme
Google adds Gemini 2.5 Flash Image, aka Nano Banana, to Search
By Abner Li / 9to5Google. View the full context on Techmeme.
Nathan Calvin, general counsel of AI safety nonprofit Encode, says OpenAI used intimidation tactics to undermine California's SB 53 while it was being debated (Sharon Goldman/Fortune)
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Nathan Calvin, general counsel of AI safety nonprofit Encode, says OpenAI used intimidation tactics to undermine California
By Sharon Goldman / Fortune. View the full context on Techmeme.