| Mark Gurman / Bloomberg: |
Sources: Vision Pro creator Mike Rockwell will take over Siri, which is being removed from AI head John Giannandrea; Rockwell will report to Craig Federighi — Mark Gurman Answers Your Questions About Apple Mark Gurman Answers Your Questions About Apple Mark Gurman Answers Your Questions About Apple| Benedict Evans: |
Apple stumbling with Vision Pro and then falling flat on its face with AI suggests that it is slipping into a Vista-like drift of systemically poor execution — It matters that Apple's new Siri will be late, and it matters more that Apple didn't realise. Is it more than that?| Wayne Ma / The Information: |
Sources: Apple TV+ is losing $1B+ annually even as its subscriptions grew to ~45M in 2024; source: Apple has spent $5B+ per year on content since its 2019 debut — Last year, Apple CEO Tim Cook had questions about several pricey movie deals executives of Apple TV+, the company's video-streaming service … | Reuters: |
Filing: CoreWeave is aiming to raise up to $2.7B in its US IPO at a valuation between $27.4B and $32B, selling 49M shares for $47 to $55; Nvidia owns 5.96% — CoreWeave is targeting a valuation of up to $32 billion on a fully diluted basis in its U.S. initial public offering, as the Nvidia … | Rohan Goswami / Semafor: |
Sources: Microsoft chose not to exercise a ~$12B option to buy more data center capacity from CoreWeave; OpenAI snapped up the contract on March 10 — The Scoop — Microsoft chose not to exercise a nearly $12 billion option to buy more data-center capacity from CoreWeave … | Kyle Wiggers / TechCrunch: |
Anthropic adds web search in preview for Claude 3.7 Sonnet, available now for paid US Claude users, with support for free users and more countries coming soon — Anthropic's AI-powered chatbot, Claude, can now search the web — a capability that had long eluded it.| Emma Roth / The Verge: |
Meta plans to roll out Meta AI with text-only features in the EU this week on WhatsApp, Facebook, Instagram, and Messenger, after pausing its debut in June 2024 — A more limited version of Meta AI will head to WhatsApp, Facebook, Instagram, and Messenger this week.| Lauren Thomas / Wall Street Journal: |
Crypto exchange Kraken acquires US retail futures trading platform NinjaTrader for $1.5B, pending “purchase price adjustments”; NinjaTrader has 1.8M+ customers — NinjaTrader, a futures trading platform, would expand Kraken's offerings — The cryptocurrency exchange Kraken agreed … | Bloomberg: |
Huawei unveils the 6.3" Pura X, a flip foldable that opens from the side, not the top, and its first flagship with HarmonyOS 5, launching in China for ~$1,036 — The 6.3-inch Pura X folds in half to a square clamshell with a 3.5-inch display on the exterior and was introduced … | Kyle Wiggers / TechCrunch: |
OpenAI adds gpt-4o-mini-tts, a text-to-speech model that it says delivers more nuanced and realistic-sounding speech, and two speech-to-text models to its API — OpenAI is bringing new transcription and voice-generating AI models to its API that the company claims improve upon its previous releases.| Abner Li / 9to5Google: |
Google adds “smarter search” to Gmail for Android, iOS, and the web, using AI to show the most relevant results instead of showing them in chronological order — Google is introducing “smarter search” to Gmail for Android, iOS, and the web that leverages “AI to show you the most relevant results, faster.”| New York Times: |
A profile of longtime Elon Musk loyalist Steve Davis, who effectively runs DOGE after SpaceX, Boring Company, and X stints, based on interviews with 22 sources — Elon Musk declared last month that the federal government was engaged in “utterly insane” activity, claiming without evidence … | Jess Weatherbed / The Verge: |
Discord plans to roll out third-party ads on its mobile apps, starting with a mobile pilot for Video Quests, video ads that let users earn rewards, in June 2025 — Video Quests will start rolling out to mobile users in June. … Discord is bringing third-party ads to its mobile platform.| Tom Warren / The Verge: |
Threads rolls out new features: ability to set following feed or any custom feed as the default, limit post replies to followers, a better video player, more — Threads will also let you limit replies to just followers and add topics to your bio. … Meta is finally allowing Threads users … | Financial Times: |
Jensen Huang says Nvidia will spend “several hundred billion” on US-made chips and electronics over four years as it shifts supply chains amid US tariff threats — Jensen Huang's pledge follows onshoring plans by other tech companies as Trump trade policies ripple through industry| Connie Loizos / TechCrunch: |
Michael Seibel says he is leaving YC after 12+ years and moving to a “Partner Emeritus” role, after stepping back from his “leadership responsibilities” in 2024 — Michael Seibel announced late Wednesday on X that after more than 12 years at Y Combinator, he is transitioning to a “partner emeritus” role.| Ben Thompson / Stratechery: |
| Shirin Ghaffary / Bloomberg: |
Source: Perplexity has discussed raising as much as $500M to $1B in a new round that would double its valuation to $18B; its current ARR is nearly $100M — The company has discussed raising as much as $500 million to $1 billion in the round, according to the person, who asked not to be identified because the information isn't public.| Gillian Tan / Bloomberg: |
Source: Insight Partners is set to reap ~$2.7B from the pending sale of Wiz to Alphabet, a 15.5x return on its invested capital, based on its ~8% stake in Wiz — The investment firm will reap about $2.7 billion from the deal, said the person, who asked not to be identified discussing private information.| Fortune: |
Walrus Foundation, which is building an on-chain storage network, raised $140M from Standard Crypto, a16z, and others in a sale of its cryptocurrency, $WAL — Blockchain networks that host files aren't new. Filecoin, Arweave, and a handful of others promise a Google Cloud-like product … | Financial Times: |
Sources detail how Jeff Bezos made peace with Donald Trump; many pointed to Amazon losing the $10B JEDI contract during Trump's first term as a watershed moment — In the past year, the Amazon founder has executed a sharp public reversal in his relationship with the president that has surprised even longtime associates| The Guardian: |
Researchers unveil Aardvark, an AI weather prediction system that they say uses thousands of times less computing power and is much faster than current methods — Researchers say Aardvark Weather uses thousands of times less computing power and is much faster than current systems| Reuters: |
X sues Narendra Modi's government in New Delhi, saying its IT ministry has unlawfully expanded censorship powers to allow the easier removal of online content — India's IT ministry has unlawfully expanded censorship powers to allow the easier removal of online content and empowered … | Mary Ann Azevedo / TechCrunch: |
Germany's Munich Re agrees to acquire digital insurance company Next Insurance for $2.6B; Next Insurance has raised ~$1.2B from Capital G, Redpoint, and others — Germany's Munich Re has signed a definitive agreement to acquire digital insurance company Next Insurance for $2.6 billion, the firms announced on Thursday.| Mike Butcher / TechCrunch: |
Stockholm-based Rerun, which is building a data stack for “Physical AI” like robots and drones, raised a $17M seed, bringing its total funding to $20.2M — As generative AI moves increasingly into the physical world through robotics, vehicles, and drones, the need to map cloud-based AIs … | Dan Milmo / The Guardian: |
The UK NCSC urges large entities, including energy and transport providers, to introduce “post-quantum cryptography” by 2035 to protect against quantum hackers — Organisations including energy and transport firms told to guard systems against powerful new computers| Kyle Wiggers / TechCrunch: |
Google and UCB researchers detail “inference-time search”, which some call a fourth AI scaling law, though experts are skeptical of its usefulness in many cases — Have researchers discovered a new AI “scaling law”? That's what some buzz on social media suggests — but experts are skeptical.
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