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March 13, 2025, 5:35 AM
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Bhanvi Satija / Reuters:
Intel appoints former board member and chip industry veteran Lip-Bu Tan as its new CEO, effective March 18, and says he will rejoin the board; INTC jumps 10%+  —  Struggling U.S. chipmaker Intel (INTC.O) on Wednesday named former board member Lip-Bu Tan as its CEO effective March 18 …
Ian King / Bloomberg:
Intel's new CEO Lip-Bu Tan says he will stick with the costly foundry plan, which led to Pat Gelsinger's ouster, to make Intel “a world-class products company”  —  Incoming Intel Corp. Chief Executive Officer Lip-Bu Tan is signaling that he'll stick with his predecessor's plan …
Reuters:
A profile of Intel's new CEO Lip-Bu Tan, who invested in Annapurna Labs and Nuvia and revived the fortunes of chip design firm Cadence Design Systems as its CEO
John Gruber / Daring Fireball:
By previewing smarter Siri vaporware at WWDC and the iPhone 16 launch, Apple burned a reputation earned over decades for only promising actual working products  —  In the two decades I've been in this racket, I've never been angrier at myself for missing a story than I am about Apple's announcement …
Jay Peters / The Verge:
An arbitrator instructs a former Meta employee to stop promoting and publishing her book alleging company misconduct; publisher Flatiron Books earlier objected  —  An arbitrator has instructed the book's author and its publishers to stop publishing the book, though it's unclear how much authority the arbitrator has to do so.
Chris Welch / The Verge:
Sources: Sonos has abandoned plans to release a streaming video player, which was set to be the company's major hardware launch in 2025  —  The device, codenamed Pinewood, was set to be the company's major hardware launch in 2025. … Sonos has abandoned plans to release a streaming video player …
Financial Times:
A look at Paris-based incubator Station F, which includes Hugging Face as alumni and whose startups raised €1B+ for three straight years, up from €250M in 2017  —  Of the Paris-based incubator's 40 best-performing start-ups, 34 have artificial intelligence at the core of their business
Jess Weatherbed / The Verge:
Niantic Labs says it is selling its video game division, including Pokémon Go, to Saudi Arabia-owned developer Scopely for $3.5B, subject to regulatory approval  —  The $3.5 billion Scopely deal could bring Niantic's AR gaming catalog under Saudi ownership.
Natasha Lomas / TechCrunch:
In its final decision report, the UK CMA finds that Apple and Google's mobile browser duopoly is “holding back innovation”, but offers no enforcement action  —  A U.K. competition authority investigation of Apple and Google's mobile browsers has concluded that the mobile duopoly's policies are …
Belle Lin / Wall Street Journal:
D-Wave claims it has achieved “quantum supremacy” with its quantum annealing processors; some physicists say classical computers can achieve comparable results  —  The company said classical computers can't beat its quantum computer in magnetic materials simulation.  Some physicists disagree.
Lauren Feiner / The Verge:
Google calls the passage of Utah's app store age-verification bill “concerning” and part of an effort by Meta and others to “offload” kids' safety to app stores  —  Google has its own ideas about what kids online safety legislation should look like.
Martin Young / Cointelegraph:
CoinGecko data shows that daily crypto trading volume dropped from a peak of $440B in early February 2025 to $163B on March 12, a 63% decrease  —  Crypto trading volumes and dwindling digital asset prices are flashing signs of trader exhaustion and potentially weaker market momentum, according to analysts.
TechCrunch:
Indian police arrest Aleksej Besciokov, the co-founder of Garantex, a Russian crypto exchange sanctioned by the EU and the US, at the request of US authorities  —  Indian police have arrested the co-founder of Garantex, a Russian cryptocurrency exchange sanctioned by the European Union …
Emma Roth / The Verge:
Google DeepMind launches two AI models, Gemini 2.0-based Robotics and Robotics-ER, to help robots “perform a wider range of real-world tasks than ever before”  —  Gemini Robotics also makes robots more dexterous, allowing them to perform more precise tasks, like folding a piece of paper.
Abner Li / 9to5Google:
Google unveils Gemma 3, the “world's best single-accelerator model”, running on a single GPU, in 1B, 4B, 12B, and 27B sizes, and says it outperforms Llama-405B
Molly White / Citation Needed:
The US Strategic Bitcoin Reserve, to be funded via civil asset forfeitures, goes against bitcoiners' early skepticism of state overreach and market intervention  —  The formerly anti-establishment bitcoin movement abandons its principles in favor of number-go-up, applauds federal plan …
Benoit Berthelot / Bloomberg:
French publishers and authors sue Meta for allegedly training AI on their books without consent, saying they have evidence of “massive” copyright breaches  —  SNE, the trade association representing major French publishers including Hachette and Editis, along with authors' association SGDL …

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From Mediagazer

David Folkenflik / NPR:
VOA journalists, their unions, and Reporters Without Borders sue USAGM, acting CEO Victor Morales, and Kari Lake, alleging their moves to close VOA are unlawful

Bloomberg:
Sources: Apollo is exploring a sale of Cox Media, including TV and radio stations, at a possible $4B valuation; Nexstar and Gray Media are potential buyers

Daniel Thomas / Financial Times:
Popular UK comic book makers form a trade association to lobby for government recognition of comics as an important export industry and source of valuable IP

More News

Bill Peters / MarketWatch:
UiPath shares fell over 15% after the company projected FY 2026 sales of $1.525B to $1.53B, vs. $1.58B estimates; PATH is down 51.6% over the past 12 months

Earlier Picks

Katie Deighton / Wall Street Journal:
Food delivery startup Wonder acquires media company Tastemade, sources say for ~$90M, the latest step in its effort to create a mealtime “super app”
Tom Warren / The Verge:
Sources: an Xbox-branded Asus handheld may debut this year as part of Microsoft's effort to unify Windows and Xbox into a universal library of Xbox and PC games
Annie Palmer / CNBC:
The US FTC says it will meet the deadlines for its Amazon Prime deceptive practices case, hours after asking a judge for a delay due to staffing shortfalls
Olga Kharif / Bloomberg:
Binance says Abu Dhabi's MGX acquired a minority stake for $2B, the first institutional investment in the exchange and MGX's first entry into the crypto
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