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Techmeme
March 16, 2026, 9:20 AM
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Top News

Kurt Wagner / Bloomberg:
Amsterdam-based Nebius says Meta plans to spend up to $27B over the next five years to access AI infrastructure, starting with $12B of capacity in early 2027  —  Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to cutting-edge artificial intelligence infrastructure …
Horace Dediu / Asymco:
As AI models commodify, Apple's plans to spend just $14B on 2026 capex, far below hyperscalers' combined $650B, or 90%+ of their cash flow, may be a genius move  —  The 3rd? most valuable company on Earth watched as its rivals lit $650 billion on fire and did nothing.
Luz Ding / Bloomberg:
Memo: Alibaba unveils Alibaba Token Hub, a new AI unit that consolidates research, consumer-facing apps, AI products, and more, as it focuses on monetizing AI  —  Alibaba Group Holding Ltd. is setting up a business unit to bring its sprawling AI services and development endeavors under a single umbrella …
More: Reuters
Theodore Schleifer / New York Times:
How tech billionaires are turning on the Giving Pledge, promoted by Bill Gates and Warren Buffett; Peter Thiel says he privately told ~12 signers to undo it  —  Just a few months after Warren Buffett convened a series of high-end dinners across America to collect signatures for something called …
Sherry Qin / Wall Street Journal:
Foxconn reports Q4 revenue up 22% YoY to ~$81B, net profit down 2% YoY to ~$1.4B, below ~$1.9B est., due to a higher tax expense, and a 5.9% gross profit margin  —  The company generates a significant share of its revenue making AI servers for the likes of Nvidia and Amazon
Sam Sabin / Axios:
Google, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe, and Match sign a voluntary pledge to share threat intelligence about how scammers abuse their services  —  Eight major technology companies — including Google, Amazon and OpenAI — have signed a new pledge promising to share threat intelligence …
Kenrick Cai / Reuters:
President Trump accuses Iran of using AI as a “disinformation weapon” to make fake images of wartime successes against the US, saying “AI can be very dangerous”  —  U.S. President Donald Trump on Sunday accused Iran of using artificial intelligence as a “disinformation weapon” …
Timmy Shen / The Block:
Reliz, which operates crypto lender BlockFills, files for Chapter 11 bankruptcy, reporting $50M to $100M in estimated assets and $100M to $500M in liabilities  —  Quick Take  — Chicago-based BlockFills has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
Fanny Potkin / Reuters:
Sources: Hua Hong is readying a 7nm process at its Shanghai fab with Huawei's help, which would make it China's second chipmaker with such tech, after SMIC  —  China's Hua Hong Group has developed advanced chip manufacturing technologies that can be used to produce artificial intelligence chips …
Apple:
Apple unveils $549 AirPods Max 2, offering an H2 chip, up to 1.5x more effective ANC, studio-quality audio recording, and camera remote, shipping in early April  —  Powered by H2, AirPods Max are better than ever with more effective ANC, enhanced sound quality, and new features like Adaptive Audio and Live Translation
More: MacRumors.  Forums: r/Airpodsmax
Washington Post:
GovAI and Brookings: many of the people most at risk if AI transforms work are also the best placed to find new jobs, as researchers disagree over AI's impact  —  No one has a perfect road map to the future, but researchers at GovAI, which studies technology policy, and the Brookings Institution …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:20 AM ET, March 16, 2026.

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

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

More News

Sarah Perez / TechCrunch:
Spotify announces Taste Profile editing in beta, the first time it lets users fine-tune the recommendation algorithm, starting with Premium users in New Zealand

Earlier Picks

Reuters:
JD.com launches its online marketplace Joybuy in the UK, Germany, France, the Netherlands, Belgium, and Luxembourg, as it expands globally to challenge Amazon
Clinton Nwachukwu / Ventureburn:
Standard Kernel, which is making AI-powered GPU optimization software, raised a $20M seed led by Jump Capital, with General Catalyst and others participating
Jagmeet Singh / TechCrunch:
Indian edtech startup upGrad plans to acquire rival Unacademy in an all-stock deal; Unacademy was valued at less than $500M in 2025, down from $3.5B in 2021
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