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January 25, 2025, 1:20 AM
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Wall Street Journal:
In email to X staff, Musk says “user growth is stagnant, revenue is unimpressive, and we're barely breaking even”; sources: banks plan to sell their debt in X  —  Banks are hoping to sell the X debt at around 90 to 95 cents on the dollar  —  Wall Street banks are getting ready …
More: The Verge, The Economic Times, TechCrunch, Futurism, Bloomberg, Reuters, Benzinga, and The Wrap
Bluesky: @kegman83, @johngage1, @mmasnick, @anthropicscholar, @razastwart, @pecunium, @ammy, @cachiporra, @raisinguptown, @ecostarr, @popolvuzh, @wukko.me, @pabably, @ldldn, @robchilver, @sarcasticdad, @valkyrie.hacker.gf, @hereforfun, @ketameanie, @rufus-hickok, @leftsedfred …, @ilikesportsmostly, @revjulieh, @thurstoncounty, @kevinwglass, @thetypist, @thegrimrecapper, @cannibalpinata, @crunk1977, @tttomblue, @whizzo, @peark.es, @bft.wtf, @bankuei, @gonzarro, @cavskermit, @maxkennerly, @docnickie, @bdplayer81, @ratelimitexceeder, @ironbound, @schoenen, @pithypacky, @harrisj, @grantmooney, @sspence3, @johnxuandou, @reckless, @mtelm, @rss.coffee, @wattasecond, @ccxkingxcc, @asherlangton, @prietschka, @barrybergman, @1stamericanhoodlum, @mercygrimm, @saileshpatel, @mattrigg, @maxkennerly, @seanokane, @usspcrichardandson, @margarita, @bartsmith, @nypinta, @benloggedon, @brendelbored, @chrismsf, @studuncan, @koleross, @borisbadenov, @alwayserked, @labuzamovies.com, @esghound.com, @neiltypewriter, @ailurouge, @joelhs, @celicilorena, @tyleraking.com, @skeetownhobbit, @mrshiddeddoodoo, @mstefan, @behrbones, @petergratton, @m3talgearz, @southsidetrekkie, @1stamericanhoodlum, @juditpetho, @gwollman, @lukethomas, @dougdirt24, @davidjwbailey, @garyrockrose, @turnerjoy, @pelops, @robairone, @brianhough.com, @bigbeandotgov, @grudgie, @thetwinewinder, @imnotahrhitter, @nystateofmind, @matthiasplappert.com, @ironsquirrel, @noahseligman, @chrisdoll, @nowhere, @sportzagato, @thereallari, @dcharlie, @litigaytor, @keithdonovan, @salfranzaya, @gregred, and @phoul.  Mastodon: @joy@mastodon.social
Threads: @vishwanathsarangkeller, @chrismaydev, @parkert, and @documentingmeta
X: @wholemarsblog, @asharma, and @parismarx
Forums: r/Twitter, r/economicCollapse, r/technology, and r/news
Carl Franzen / VentureBeat:
Yann LeCun says DeepSeek “profited from open research and open source” like Meta's Llama and is proof that open source models are surpassing proprietary ones  —  If you hadn't heard, there's a new AI star in town: DeepSeek, the subsidiary of Hong Kong-based quantitative analysis …
Jaspreet Singh / Reuters:
Mark Zuckerberg says Meta is planning to invest $60B to $65B in capex in 2025, will end the year with 1.3M+ GPUs, and plans to grow its AI teams “significantly”  —  Meta Platforms (META.O) will invest $60 billion to $65 billion in capital expenditure in 2025, CEO Mark Zuckerberg said in a Facebook post on Friday.
Meghan Bobrowsky / Wall Street Journal:
Zuckerberg says Meta is building an AI engineer that will “start contributing increasing amounts of code to our R&D efforts” and is planning a 2GW+ data center  —  Social-media giant to spend between $60 billion and $65 billion, Zuckerberg says
Ivan Mehta / TechCrunch:
Meta begins a “limited, early test” of ads in Threads in the US and Japan, with the goal of making the ads “as interesting as organic content”  —  Meta's X rival Threads said Friday that it is now testing ads with select brands in the U.S. and Japan.
Mark Gurman / Bloomberg:
Sources: Apple moved Kim Vorrath, a company veteran known for fixing troubled products, to its AI group to help improve Siri and Apple Intelligence  —  - Kim Vorrath previously worked on Vision Pro, iPhone software  — The company is racing to catch up in artificial intelligence
The Guardian:
An investigation reveals how the Israeli military's reliance on Microsoft's cloud and AI systems surged during the most intensive phase of the Israel-Hamas war  —  Leaked documents shed light on how Israel integrated the US tech giant into its war effort to meet growing demand for cloud and AI tools
New York Times:
The TikTok ban forced a dilemma on US tech companies: risk alienating a mercurial president or risk breaking federal law and face up to billions in penalties  —  The federal law banning TikTok has revealed a major schism among American tech companies: Some are willing to flout the law — and some, including Apple and Google, are not.
More: Reuters and The Verge
Drew Harwell / Washington Post:
Sources outline negotiations between the Biden administration and TikTok ahead of the ban, as company insiders refute claims that a blackout helped their case
Rolling Stone:
Sources: Trump's team members don't buy Zuckerberg's right-wing conversion as entirely genuine; one senior official says he has a “lot more ass-kissing” to do  —  Trump's aides and allies aren't ready to buy the Facebook chief's right-wing conversion.  “He can't just snap his fingers and make the past not happen”
Catherine McGrath / Fortune:
White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something”  —  Non-fungible tokens and memecoins are neither securities nor commodities, according to White House crypto czar David Sacks.
MacKenzie Sigalos / CNBC:
Trump signs an EO to create a crypto working group led by David Sacks to consider a national digital asset stockpile “potentially derived” from seized crypto
MacKenzie Sigalos / CNBC:
The US SEC revokes SAB 121, a controversial accounting rule added in 2022 that forced banks to treat BTC and other tokens as a liability on their balance sheets  —  After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule …
Simon Willison / Simon Willison's Weblog:
OpenAI updates ChatGPT's Canvas feature with o1 model support and HTML and React code rendering, making it a direct competitor to Claude's Artifacts  —  OpenAI Canvas gets a huge upgrade.  Canvas is the ChatGPT feature where ChatGPT can open up a shared editing environment and collaborate …
Jiahui Huang / Wall Street Journal:
Chinese self-driving company WeRide aims to make more inroads overseas in 2025; WeRide operates in nine countries and secured new deals in Switzerland and Japan  —  WeRide already operates driverless vehicles in 30 cities across nine countries  —  Chinese autonomous-driving company WeRide …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:20 AM ET, January 25, 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

Bloomberg:
Sources: WBD begins exclusive talks with Netflix to sell its film and TV studios and HBO Max; Netflix is offering a $5B breakup fee if the deal isn't approved

The Guardian:
Ireland, Spain, Slovenia, and the Netherlands exit Eurovision after Israel received an all-clear to compete; the BBC and Germany's SWR plan to participate

James Faris / Business Insider:
Kalshi strikes a deal with CNBC that will integrate Kalshi's prediction data into CNBC's channel, site, and app starting in 2026, days after striking a CNN deal

More News

Pranav Dixit / Business Insider:
Apptopia: Meta app usage is steady despite some calls for a boycott over fact-checking and DEI changes; TikTok ban may have overshadowed user concerns
Katie Deighton / Wall Street Journal:
ShopMy, which lets brands run influencer marketing efforts, raised a $77.5M Series B led by Bessemer and Bain, sources say at a $410M valuation vs. $80M in 2024

Earlier Picks

Sergiu Gatlan / BleepingComputer:
The FBI warns that North Korean IT workers are abusing their access to steal source code and extort US companies that have been tricked into hiring them
Financial Times:
a16z is closing its London office and pulling back from its much-touted UK expansion, seeking to refocus on the US crypto industry following Trump's election
New York Times:
Instagram suspended the accounts of two abortion pill providers and Facebook removed their posts; Meta blamed “over-enforcement” and restored some accounts
Jay Peters / The Verge:
OpenAI releases a “research preview” of its Operator AI agent that can automate web-based tasks, launching to US subscribers of its $200/month ChatGPT Pro tier
Kyle Wiggers / TechCrunch:
Perplexity launches Perplexity Assistant in its Android app, which can take “multi-app actions” like hailing a ride, initially free for users in 15 languages
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