Techmeme
March 26, 2025, 2:55 PM

Top News

Ana Swanson / New York Times:
The US adds export restrictions to 80 organizations, primarily targeting Chinese companies, including server maker Nettrix and clients of Nvidia, Intel, and AMD  —  The additions included companies that are customers of Intel and Nvidia, and one firm that was the focus of a New York Times investigation last year.
Bloomberg:
TD Cowen: Microsoft walked away from new data center projects in the US and Europe that had been set to consume 2 gigawatts, a sign of AI computing oversupply  —  The analysts, who rattled investors with a February note highlighting leases Microsoft had abandoned in the US …
Philip Stafford / Financial Times:
Sources: Fidelity Investments is in the advanced stages of testing its own stablecoin, managed by its digital assets arm; Trump pledged to back USD stablecoins  —  Asset manager is in advanced stages of testing token as the Trump administration prepares to overhaul crypto oversight
Blake Brittain / Reuters:
Anthropic convinced a California federal judge to reject a preliminary bid to block it from using lyrics owned by UMG and other music publishers to train Claude  —  Artificial intelligence company Anthropic convinced a California federal judge on Tuesday to reject a preliminary bid to block …
Reuters:
Sources: Italy hands tax demands to Meta, X, and LinkedIn in the last step in its VAT case, seeking €887.6M from Meta, €12.5M from X, and ~€140M from LinkedIn  —  Italy has handed tax demands to Meta (META.O), X and LinkedIn in the last formal step in an unprecedented VAT claim …
Financial Times:
IPO filings: CoreWeave, set to launch a $32B IPO on March 28, violated key terms of a $7.6B Blackstone loan in 2024, triggering a series of technical defaults  —  US cloud company seeking blockbuster $32bn IPO had to remedy serious administrative errors in December
Richard Lawler / The Verge:
Microsoft unveils AI “deep reasoning” agents for 365 Copilot: Researcher, based on OpenAI's deep research model, and Analyst, based on o3-mini, coming in April  —  Multi-step reasoning AI is coming to Microsoft Copilot. … After Google and OpenAI offered up AI news on Tuesday …
Stanley Widianto / Reuters:
Apple says the iPhone 16 series will be available in Indonesia from April 11, after Jakarta lifted a sales ban following Apple's $300M+ investment plan  —  Apple's (AAPL.O) iPhone 16 series will be available in Indonesia from April 11, it said on Wednesday, after Jakarta lifted a ban …
Annie Palmer / CNBC:
Amazon rolls out AI tool Interests, which checks for new inventory by interests, price limits, and preferences, to US users, and is testing chatbot Health AI  —  Amazon, in an effort to infuse generative artificial intelligence across a wider swath of its e-commerce universe …
TechCrunch:
Leaked email: Block lays off 931 employees, or ~8% of staff, and moves 193 managers to individual contributor roles, after cutting ~1,000 roles in January 2024  —  Fintech Block laid off 931 people, roughly 8% of the company's staff, on Tuesday, according to a leaked message from the company seen by TechCrunch.
Benj Edwards / Ars Technica:
Developers say aggressive AI crawlers are overwhelming open-source infrastructure; LibreNews: up to 97% of some projects' traffic comes from AI companies' bots  —  Software developer Xe Iaso reached a breaking point earlier this year when aggressive AI crawler traffic from Amazon overwhelmed …
Simon Willison / Simon Willison's Weblog:
Gemini 2.5 Pro hands-on: a very strong model with 1M input tokens, 64K output tokens, a January 2025 knowledge cut-off, and very, very impressive coding skills  —  There's a new release from Google Gemini this morning: the first in the Gemini 2.5 series.  Google call it “a thinking model …
Jason Kehe / Wired:
A look at RISC architecture's origins, the Arm vs. RISC-V war, and how RISCites beat the CISCites, as RISC's increasing adoption risks US companies' dominance  —  “RISC architecture is gonna change everything.”  Those absurdly geeky, incredibly prophetic words were spoken 30 years ago.
Simon Willison / Simon Willison's Weblog:
In an addendum to the GPT-4o System Card, OpenAI says it is “not blocking the capability to generate adult public figures” and that public figures can opt out  —  Introducing 4o Image Generation.  When OpenAI first announced GPT-4o back in May 2024 one of the most exciting features …
Ananya Bhattacharya / Rest of World:
USCIS data shows Amazon got the most H-1B visas each year from 2020 to 2024; Google, Meta, Microsoft, and Apple ranked in the top 10 in 2024  —  U.S. tech firms — Amazon, Google, Meta, Microsoft, and Apple — were the top 10 employers of H-1B recipients in 2024.

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Erin Brodwin / Axios:
Yun Li / CNBC:
Jonathan Stempel / Reuters:
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