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March 8, 2025, 12:30 PM
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Jody Godoy / Reuters:
Filings: the US DOJ drops a bid to force Google to sell its AI investments to boost search competition but still seeks a court order requiring it to sell Chrome  —  The U.S. Department of Justice on Friday dropped a proposal to force Alphabet's Google (GOOGL.O) to sell its investments …
David Yaffe-Bellany / New York Times:
The White House hosted its first Crypto Summit, bringing together top crypto executives, including Coinbase CEO Brian Armstrong and Tyler and Cameron Winklevoss  —  The first-of-its-kind event at the White House with top crypto executives showcased the president's embrace of the once-renegade industry.
Wall Street Journal:
Sources detail how crypto flooded Trump with cash, including $50M+ in donations from at least eight execs, and how he is doing much of what the industry wants  —  The president had called cryptocurrency a ‘scam’ but during his campaign last year he was persuaded of its value, especially as an investment for the Trump family
David Yaffe-Bellany / New York Times:
Source: Bybit hackers planted malicious code to manipulate transactions by compromising a developer's computer at crypto wallet provider Safe, used by Bybit  —  On the night of Feb. 21, Ben Zhou, the chief executive of the cryptocurrency exchange Bybit, logged on to his computer to approve what appeared to be a routine transaction.
Pete Schroeder / Reuters:
The US OCC says banks can engage in some crypto activities, rescinding prior guidance that told them they should clear such activities with regulators first  —  The U.S. regulator overseeing national banks clarified Friday that banks can engage in some crypto activities …
Reuters:
Sources detail the nearly 10-hour-long tech meltdown of the European Central Bank's main payment system on February 27 due to a piece of malfunctioning hardware  —  The European Central Bank's payments crash last week meant salaries and welfare funds were delayed for thousands of people.
CNN:
China plans a “state venture capital guidance fund”, expected to attract ~$138B over 20 years from local governments and private sector, to support AI and more  —  Hong Kong CNN —  Fresh off the global success of DeepSeek's latest artificial intelligence reasoning model …
Todd Spangler / Variety:
A look at YouTube's origins, growth, and domination as the platform turns 20, including an interview with CEO Neal Mohan, who is nearing 10 years at the company  —  It's a muggy morning the day before the 2025 Super Bowl in New Orleans, and YouTube CEO Neal Mohan is stuck in parade traffic and not happy about it.
Thomas Brewster / Forbes:
Unsealed court docs: US investigators believe hackers behind the 2022 LastPass breach stole $150M in XRP, now worth ~$700M, from one person in January 2024  —  The stolen XRP is now worth $716 million.  The Secret Service is trying to claw it back from unknown hackers.
Bloomberg:
Sources: crypto exchange and custodian Gemini has filed confidentially for an IPO; the company is reportedly considering going public as soon as this year  —  Gemini, the cryptocurrency firm backed by the billionaire Winklevoss twins, has filed confidentially for an initial public offering, according to people familiar with the matter.
Mark Gurman / Bloomberg:
Sources: Craig Federighi and other Apple executives voiced concerns that personalized Siri didn't work properly; some think it has to be rebuilt from scratch  —  Apple Inc.'s turmoil in its AI division reached new heights on Friday, with the company delaying promised updates to the Siri digital assistant for the foreseeable future.

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This is a Techmeme archive page. It shows how the site appeared at 12:30 PM ET, March 8, 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

Jennifer Maas / Variety:
Disney reports Q3 revenue up 7% YoY to $25.2B, below $25.4B est., adjusted EPS of $2.06, above $1.85 est., and entertainment revenue up 6% to $11.3B

Katie Robertson / New York Times:
The NYT reports Q2 revenue up 11% YoY to $762.5M, digital-only subscription revenue up 16% to $407.9M, and adjusted operating profit up 16% to $155.3M

Charisma Madarang / Rolling Stone:
US celebrity blogger Perez Hilton is recovering in hospital after members of the public reported that he had appeared to self-harm during a TikTok livestream

More News

Sarah Perez / TechCrunch:
Signal's Meredith Whittaker says AI agents doing tasks on users' behalf pose security and privacy risks and refers to their use as “putting your brain in a jar”

Earlier Picks

Kate Clark / Bloomberg:
Sources: Cursor maker Anysphere is in talks to raise hundreds of millions at a $10B valuation, up from $2.5B in January, and crossed $100M in ARR in 12 months
Peggy Hollinger / Financial Times:
Europe is in talks with SES, Viasat, and others as it rushes to provide Ukraine with alternatives to Starlink, whose service became patchy near the front line
Shirin Ghaffary / Bloomberg:
Reflection AI, which wants to achieve superintelligence through autonomous coding agents, emerges from stealth with a $105M Series A and $25M in seed funding
Aaron Holmes / The Information:
Source: Microsoft has completed training a family of models, codenamed MAI, and is experimenting with swapping out OpenAI's models in Copilot for the MAI models
Jesse Coghlan / Cointelegraph:
Trump signs an EO to establish a Strategic Bitcoin Reserve and a Digital Asset Stockpile using BTC and other digital assets forfeited in criminal or civil cases
More: The White House, The White House, PYMNTS.com, CryptoPotato, CNBC, World News, The Indian Express, Bitcoinist.com, Disruption Banking, CoinGape, Cryptopolitan, CNN, Bloomberg, Bloomberg, Politico, The Crypto Times, NewsBTC, Foreign Policy, The Atlantic, Tech in Asia, Decrypt, CNET, Business Insider, archive.ph, Digital CxO, One America News Network, Wired, Yahoo Finance, Axios, Bitcoin Insider, Townhall, The Information, The Daily Wire, Protos, Washington Post, MarketWatch, Los Angeles Times, Washington Examiner, ZyCrypto, New York Times, The Block, Financial Times, and Tech Xplore
Bluesky: @repcasar, @theangrydonkey, and @zen4ever2us
Mastodon: @dave@social.masto.land and @jeffjarvis@mastodon.social
X: @davidsacks47, @margomartin47, @matt_hougan, @jconorgrogan, @acyn, @kobeissiletter, @senlummis, @cryptokaleo, @matt_hougan, @davidmarcus, @cobie, @dcfgod, @altcap, @jasonklau, @justinsuntron, @pkedrosky, @kkirkbos, @mattzeitlin, @muneeb, @thestalwart, @byrnehobart, @johnedeaton1, @cryptopathic, @johnedeaton1, @byrnehobart, @robertjsalvador, @3orovik, @cynthiamlummis, @cryptoub, @byzgeneral, @cryptoub, @runnerxbt, @cryptopathic, @ercwl, @iamdcinvestor, @tradermercury, @cobie, @cburniske, @avifelman, @krugermacro, @lsdinmycoffee, @iamnomad, @deitaone, @functi0nzer0, @cryptocevo, @tradermayne, @udiwertheimer, @avifelman, @adamscochran, @iamdcinvestor, @coldbloodshill, @eleanorterrett, @cameron, @nathanmccauley, @arrington, @jenniferjjacobs, @inversebrah, @rasterlyrock, @0xferg, @poordart, @cliffordasness, and @cryptocevo
Forums: r/neutralnews, r/Pennsylvania, r/wallstreetbets, r/FinanzenAT, r/NewsOfTheStupid, r/news, r/ProfessorFinance, r/atrioc, r/DeepFuckingValue, and r/wallstreetbets
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