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January 24, 2025, 8:10 PM
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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
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, Futurism, Bloomberg, Reuters, Benzinga, and The Wrap
Bluesky: @petergratton, @gonzarro, @m3talgearz, @thetwinewinder, @neiltypewriter, @leftsedfred …, @ccxkingxcc, @celicilorena, @joelhs, @docnickie, @johnxuandou, @sportzagato, @cannibalpinata, @pithypacky, @southsidetrekkie, @behrbones, @bankuei, @mtelm, @juditpetho, @skeetownhobbit, @thetypist, @chrismsf, @kevinwglass, @ironsquirrel, @ilikesportsmostly, @bigbeandotgov, @nypinta, @imnotahrhitter, @esghound.com, @maxkennerly, @mattrigg, @reckless, @benloggedon, @pabably, @seanokane, @bft.wtf, @lukethomas, @anthropicscholar, @razastwart, @pecunium, @ammy, @cachiporra, @raisinguptown, @ecostarr, @popolvuzh, @wukko.me, @ldldn, @robchilver, @sarcasticdad, @valkyrie.hacker.gf, @hereforfun, @ketameanie, @rufus-hickok, @revjulieh, @thurstoncounty, @thegrimrecapper, @crunk1977, @tttomblue, @whizzo, @peark.es, @cavskermit, @bdplayer81, @ratelimitexceeder, @ironbound, @schoenen, @harrisj, @grantmooney, @sspence3, @rss.coffee, @wattasecond, @asherlangton, @prietschka, @barrybergman, @1stamericanhoodlum, @mercygrimm, @saileshpatel, @maxkennerly, @usspcrichardandson, @margarita, @bartsmith, @brendelbored, @studuncan, @koleross, @borisbadenov, @alwayserked, @labuzamovies.com, @ailurouge, @tyleraking.com, @mrshiddeddoodoo, @mstefan, @1stamericanhoodlum, @gwollman, @dougdirt24, @davidjwbailey, @garyrockrose, @turnerjoy, @pelops, @robairone, @brianhough.com, @grudgie, @nystateofmind, @matthiasplappert.com, @noahseligman, @chrisdoll, @nowhere, @thereallari, @dcharlie, @litigaytor, @keithdonovan, @salfranzaya, @gregred, and @phoul.  Mastodon: @joy@mastodon.social.  Threads: @documentingmeta
X: @wholemarsblog and @asharma.  Forums: r/Twitter
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
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.
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 …
Jon Keegan / Sherwood News:
DeepSeek's latest AI model R1 sticks to Chinese government restrictions on sensitive topics like Tiananmen Square, Taiwan, and the treatment of Uyghurs in China
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”
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  —  The FBI warned today that North Korean IT workers are abusing their access to steal source code and extort U.S. companies that have been tricked into hiring them.
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 …
Politico:
While Trump downplayed Elon Musk's Stargate criticism, assuring reporters “they're putting up the money”, key White House sources say they're furious with Musk  —  “It's clear he has abused the proximity to the president,” said one ally of the president.
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.
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.
Sarah Perez / TechCrunch:
Similarweb: RedNote's DAUs in the US fell by 54% on January 20 when the TikTok ban was put on hold, after reaching a high of 32.5M DAUs on the day of the ban  —  In the days leading up to the TikTok ban in the U.S. on Sunday, U.S. users flooded the Chinese app RedNote, which offered …
More: Dexerto
TechCrunch:
Sources: ElevenLabs closed a $250M Series C led by ICONIQ Growth at a valuation of between $3B to $3.3B; it was initially looking for funding at a $4B valuation  —  Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup …
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  —  Tech firms that speed up and automate brands' partnerships with social-media influencers are becoming hot commodities as advertisers scramble to reach consumers online
Lauren Forristal / TechCrunch:
Flip, which lets shoppers share video reviews and earn cash based on engagement, launches a creator fund that grants up to $100M of equity over 5+ years  —  Flip is a social commerce app that lets shoppers become creators.  They can share honest reviews and earn cash based on engagement on the platform.
Kyle Wiggers / TechCrunch:
Filing: Character AI says 1A protects it from liability in a lawsuit that claims a teen committed suicide after becoming emotionally attached to a chatbot  —  Character AI, a platform that lets users engage in roleplay with AI chatbots, has filed a motion to dismiss a case brought …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:10 PM ET, January 24, 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

CNBC:
Letter: Paramount expresses concern to WBD about the “fairness and adequacy” of the sales process, accusing WBD of favoring Netflix's offer

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

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

Earlier Picks

Kyle Chan / High Capacity:
How China's progress across overlapping industries like lidar, drones, robotics, smartphones, AI, EVs, and batteries forms a mutually reinforcing feedback loop
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
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
Ryan Browne / CNBC:
The UK CMA opens investigations into Apple's and Google's mobile ecosystems, including OSes, app stores, and browsers, to see the impact on users and businesses
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