| 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| 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.”| 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| 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 … | 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 … | 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.| 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.| 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| 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 … | Ivan Mehta / TechCrunch: |
Instagram is testing a dislike button for comments; Instagram will not show a dislike count and dislikes may eventually count toward ranking comments — After users noticed a new button on Instagram to downvote or dislike comments, the company confirmed that it is testing a way for users … | 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 … | 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 … | 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 … | Jordan Novet / CNBC: |
Filing: Trump Media reports 2024 revenue down 12% YoY to $3.6M and a $400M net loss, up from $58.2M in 2023; the company has a $6.6B market cap — Trump Media & Technology Group shares were down about 1% in extended trading on Friday after the operator of Truth Social released its 2024 results.| Lauren Faith Lau / Bloomberg: |
DeepSeek's rise has the turned the spotlight on its hometown, Hangzhou, the capital of the Zhejiang province, which has earmarked ~$13.7B to fund tech companies — Plus: The struggle over improving 7-Eleven, and how Silicon Valley swung to Trump. … There's Shenzhen, whose designation … | Kyle Wiggers / TechCrunch: |
Kadrey v. Meta: Meta paused some AI-related book licensing efforts in April 2023 after contacting publishers and seeing “slow uptake” and logistical setbacks — New court filings in an AI copyright case against Meta add credence to earlier reports that the company “paused” … | Molly White / Citation Needed: |
| Sarah Perez / TechCrunch: |
Mastodon is working on a quote posts feature, which it says is a “source of concern” for some and “highly requested” by others — Mastodon, the decentralized alternative to X, is going to adopt a controversial feature from the platform formerly known as Twitter: quote posts.
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