| New York Times: |
OpenAI's board rejects the $97.4B bid by Elon Musk and a consortium of investors, saying they reject “Musk's latest attempt to disrupt his competition” — Bret Taylor, the chairman of OpenAI's board, said the artificial intelligence company was “not for sale.”| Mark Gurman / Bloomberg: |
Sources: Meta plans major investment in AI-powered humanoid robots, with an initial focus on household chores, and has formed a new team within Reality Labs — - Company is aiming to be the engine powering humanoid market — Ex-Cruise CEO Marc Whitten to run new group in Reality Labs| Bloomberg: |
Source: TSMC is considering taking a controlling stake and fully running Intel's US factories after a Trump team request, as Trump aims to boost manufacturing — - TSMC would take controlling stake in potential partnership — Administration aims to boost manufacturing of advanced chips| Brody Ford / Bloomberg: |
Sources: Dell nears a $5B deal to provide servers with Nvidia's GB200 chips for xAI's supercomputer project in Memphis — - Musk's AI startup developing supercomputer project in Memphis — Dell working to win large share of xAI's Memphis build-out — Dell Technologies Inc … | Gillian Tan / Bloomberg: |
Source: xAI is canvassing potential investors, including Sequoia Capital and a16z, for a roughly $10B funding round that would value the company at about $75B — - Sequoia, Andreessen Horowitz, Valor in talks to participate — Company last fundraised at $51 billion valuation per Pitchbook| Michael Nuñez / VentureBeat: |
Perplexity releases Deep Research, offering five queries daily to free users and 500 to subscribers, available now on the web and soon on iOS, Android, and Mac — Perplexity shattered the artificial intelligence market's status quo today by launching Deep Research, a tool … | Mark Gurman / Bloomberg: |
Sources: Apple's overhaul of Siri faces engineering problems and software bugs; some features, planned for April, may have to be postponed until May or later — - Software's makeover is key to Apple Intelligence ambitions — New Siri features slated for April at risk of being postponed| Scharon Harding / Ars Technica: |
In an AMA, Steve Huffman says Reddit is planning to roll out paid subreddits in 2025 and is “laying the foundation” to monetize commerce within subreddits — Huffman previously showed interest in potentially introducing a new type of subreddit with “exclusive content or private areas” that Reddit users would pay to access.| Eric Geller / Wired: |
Memo: CISA halts election security work and reviews related activities conducted since 2017, to comply with Trump's January 20 EO on “ending federal censorship” — The US Cybersecurity and Infrastructure Security Agency has frozen efforts to aid states in securing elections, according to an internal memo viewed by WIRED.| Emily Nicolle / Bloomberg: |
Tether acquires a minority stake in the iconic Italian football club Juventus, as part of a broader push to integrate digital assets into sports franchises — Tether Holdings SA de CV said it's acquired a minority stake in Juventus Football Club SpA, as one of crypto's most valuable companies continues … | Ingrid Lunden / TechCrunch: |
Meta announces Project Waterworth, a subsea cable project that will span over 50,000 km and connect five continents — Back in November, we broke the news that Meta — owner of Facebook, Instagram and WhatsApp, with billions of users accounting for 10% of all fixed and 22% of all mobile traffic … | The Information: |
Sources: Anthropic expects to burn $3B in 2025, down from $5.6B in 2024, and make up to $3.7B in revenue in 2025, as it seeks to catch up with OpenAI — After burning $5.6 billion in cash last year, Anthropic said it would reduce that amount by nearly half in 2025 and projected up to $3.7 billion … | Sharon Goldman / Fortune: |
Harvey, which builds generative AI tools for law firms, raised a $300M Series D led by Sequoia at a $3B valuation; CEO Winston Weinberg says ARR surpassed $50M — Harvey, a San Francisco AI startup focused on the legal industry, has raised $300 million in a funding round led by Sequoia … | Heather Haddon / Wall Street Journal: |
Uber sues DoorDash, accusing it of anticompetitive practices like coercing restaurants to exclusively work with DoorDash for parts of their delivery business — Lawsuit accuses DoorDash of strong-arm tactics that inflate restaurants' costs; DoorDash disputes Uber's allegations| Dwarkesh Patel / Dwarkesh Podcast: |
Q&A with Google's Jeff Dean and Noam Shazeer on Google's path to AGI, future of Moore's Law and TPUs, inference scaling, open research, and more — Two of Gemini's co-leads on Google's path to AGI — This week I welcome on the show two of the most important technologists ever, in any field.| Bloomberg: |
Sources: humanoid robot startup Figure is in talks to raise $1.5B led by Align Ventures and Parkway VC at a $39.5B valuation, up from $2.6B in February 2024 — Backed by OpenAI and Microsoft, Figure is discussing a $1.5 billion funding round. … The deal is set to be led by Align Ventures … | Lucy Adams / Tech.eu: |
Fal.ai, a Turkish startup specializing in AI-generated media for enterprise use, raised a $49M Series B led by Notable Capital, taking its total funding to $72M — The funding will support infrastructure expansion, a model marketplace, and team growth. — Turkish mediatech startup … | David Pan / Bloomberg: |
Industry executives say US crypto miners are facing delays in receiving new equipment from Bitmain and other Chinese suppliers amid heightened customs scrutiny — - Bitmain rakes in billions of dollars from mining machine sales — The Beijing-based company is also a leading AI chip developer| J. Edward Moreno / Sherwood News: |
Analysis: consumers spent $259.1B on Uber, Lyft, and DoorDash in 2024, up from $218.5B in 2023, with $162.8B on Uber, $80.2B on DoorDash, and $16.1B on Lyft — Lyft and DoorDash just reported their first years with net profits. Instacart is likely next. — For a long time … | Hugh Son / CNBC: |
Zelle's payment volume crossed $1T in 2024, the most ever for a P2P platform, user base jumped 12% YoY to 151M accounts, and the total dollars sent grew 27% YoY — Zelle, the payments network run by banks-owned Early Warning Services, crossed $1 trillion in total volumes last year … | Ingrid Lunden / TechCrunch: |
Identity security startup SGNL, which lets enterprises enforce policies in real-time for privileged access to systems, raised a $30M Series A led by Brightmind — Security experts often describe identity as the “new perimeter” in the world of security: in the world of cloud services … | Eric Newcomer / Newcomer: |
Sources: Lightspeed, whose bets include Wiz, Anthropic, and Stripe, returned $8B from current and active funds in the past five years, with $3B+ coming in 2024 — I've got my hands on slides from Lightspeed's $7 billion fundraising effort — Lightspeed Venture Partners … | Olga Kharif / Bloomberg: |
The website of President Trump's World Liberty Financial shows the crypto project sold 24B+ of its 25B WLFI tokens after a slow start, implying sales of $1.25B — - The project has sold more than 24 billion tokens so far — Chinese crypto entrepreneur Justin Sun is a project investor| Olivia Poh / Bloomberg: |
Sources: SoftBank-backed eFishery, Indonesia's high-profile agritech startup, cuts over 1,000 jobs, or ~90% of its workforce, and weighs a potential liquidation — - Indonesia's high-profile agritech startup cuts over 1,000 jobs — Company unraveling after allegedly faking most of its revenue
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