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March 12, 2025, 6:20 PM
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Bhanvi Satija / Reuters:
Intel appoints former board member Lip-Bu Tan as CEO, effective March 18; INTC jumps 11%+ after hours  —  Struggling U.S. chipmaker Intel (INTC.O) on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18, more than two months after the it ousted company veteran Pat Gelsinger.
Jess Weatherbed / The Verge:
Niantic Labs says it is selling its video game division, including Pokémon Go, to Saudi Arabia-owned developer Scopely for $3.5B, subject to regulatory approval  —  The $3.5 billion Scopely deal could bring Niantic's AR gaming catalog under Saudi ownership.
Abner Li / 9to5Google:
Google unveils Gemma 3, the “world's best single-accelerator model”, running on a single GPU, in 1B, 4B, 12B, and 27B sizes, and says it outperforms Llama-405B  —  Following version 1 in February 2024 and 2 in May, Google today announced Gemma 3 as its latest open model for developers.
Emma Roth / The Verge:
Google DeepMind launches two AI models, Gemini 2.0-based Robotics and Robotics-ER, to help robots “perform a wider range of real-world tasks than ever before”  —  Gemini Robotics also makes robots more dexterous, allowing them to perform more precise tasks, like folding a piece of paper.
Bloomberg:
Roomba maker iRobot warns of “substantial doubt” over its ability to continue operating, after Amazon abandoned a $1B+ takeover in January 2024; IRBT drops 35%+  —  IRobot Corp., the consumer robotics company that Amazon.com Inc. once planned to buy for more than $1 billion …
Chris Welch / The Verge:
Sources: Sonos has abandoned plans to release a streaming video player, which was set to be the company's major hardware launch in 2025  —  The device, codenamed Pinewood, was set to be the company's major hardware launch in 2025. … Sonos has abandoned plans to release a streaming video player …
Annie Palmer / CNBC:
The US FTC says it will meet the deadlines for its Amazon Prime deceptive practices case, hours after asking a judge for a delay due to staffing shortfalls  —  The Federal Trade Commission said it will meet the deadlines for its Amazon Prime deceptive practices case, hours after requesting a delay due to resource constraints.
Simon Willison / Simon Willison's Weblog:
Thoughts on using LLMs for coding, which can often be difficult and unintuitive, and why “vibe coding” is a fantastic way to explore the capabilities of LLMs  —  Online discussions about using Large Language Models to help write code inevitably produce comments from developers who's experiences have been disappointing.
Tom Warren / The Verge:
Sources: an Xbox-branded Asus handheld may debut this year as part of Microsoft's effort to unify Windows and Xbox into a universal library of Xbox and PC games  —  Microsoft's next-gen Xbox platform is shaping up.  —  Microsoft Gaming CEO Phil Spencer warned in November …
Financial Times:
Amazon, Google, and Meta sign a World Nuclear Association statement, alongside Occidental, Dow, and others, to triple capacity by 2050; Microsoft didn't sign  —  Tech giants join banks in calling for new power stations to meet growing energy demands and combat climate change
Reuters:
Sources: TSMC has pitched Nvidia, AMD, Broadcom, and Qualcomm about taking stakes in a JV to run Intel Foundry; TSMC would hold no more than a 50% stake  —  TSMC (2330.TW) has pitched U.S. chip designers Nvidia (NVDA.O), Advanced Micro Devices (AMD.O) and Broadcom (AVGO.O) …
TechCrunch:
Indian police arrest Aleksej Besciokov, the co-founder of Garantex, a Russian crypto exchange sanctioned by the EU and the US, at the request of US authorities  —  Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union …
Katie Deighton / Wall Street Journal:
Food delivery startup Wonder acquires the media company Tastemade, sources say for around $90M, the latest step in its effort to create a mealtime “super app”  —  Wonder CEO Marc Lore hopes the company will one day offer AI-powered autonomous food ordering for all three meals of the day
Anna Nicolaou / Financial Times:
Spotify says it paid $10B+ in royalties in 2024, “the largest in music history”, making up 60%+ of its $17.13B+ 2024 revenue, with ~1,500 artists earning $1M+  —  Company has long drawn ire from musicians who say streaming model does not remunerate them enough
Benoit Berthelot / Bloomberg:
French publishers and authors sue Meta for allegedly training AI models on their books without consent, say they have evidence of “massive” copyright breaches  —  SNE, the trade association representing major French publishers including Hachette and Editis, along …
Bloomberg:
Sources: Supabase, which bills itself as an open-source alternative to Google's Firebase, is raising $100M+ in a round led by Accel, valuing the company at ~$2B  —  Accel is leading the funding round of more than $100 million.  —  Supabase Inc., an open source developer platform …
Olga Kharif / Bloomberg:
Binance says Abu Dhabi's MGX acquired a minority stake for $2B, the first institutional investment in the exchange and MGX's first entry into the crypto  —  Binance said Abu Dhabi's MGX has acquired a minority stake for $2 billion, the first institutional investment in the world's largest cryptocurrency exchange.

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This is a Techmeme archive page. It shows how the site appeared at 6:20 PM ET, March 12, 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

Dominic-Madori Davis / TechCrunch:
A look at Hamlet, a startup that uses AI to process local government meeting videos and which plans to provide the tool to local journalists for free

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

John Koblin / New York Times:
The Netflix-WBD deal should quiet concerns, for now, from CNN employees worried about the prospect of Paramount combining CBS News and CNN in a WBD acquisition

More News

The Reporters' Collective:
A look at community apps like Kutumb mobilizing millions of Indians for politics, spreading disinformation, and inciting hate, beyond civil watchdogs' scrutiny

Earlier Picks

Jagmeet Singh / TechCrunch:
India's largest telco Jio Platforms partners with SpaceX to offer Starlink in the country, just hours after rival Airtel announced a similar partnership
Stephen Totilo / Game File:
Mike Verdu, who joined Netflix in 2021 to launch its game offering and took on a new role as VP of Generative AI for games four months ago, has left the company
Jay Peters / The Verge:
Google updates Chrome's extension rules to ban affiliate link injection without user action or benefit, after Honey allegedly stole creators' affiliate revenue
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