Open Links In New Tab
Mobile Archives Advertise Site News
Techmeme
March 28, 2025, 7:25 PM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter

Top News

CNBC:
Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation  —  Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …
Jordan Novet / CNBC:
CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021  —  CoreWeave's stock opened at $39 and closed at $40 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range.
CNBC:
CoreWeave raised $1.5B in its IPO, selling ~37.5M shares at $40 each, down from a planned 49M shares at $47-$55; source: Nvidia anchored with a ~$250M order  —  CoreWeave on Thursday priced shares at $40 in the company's IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed.
Wall Street Journal:
Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company  —  A stipulation of the funding round, led by SoftBank, adds pressure to OpenAI's efforts to convert to a for-profit company
CNBC:
Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering  —  President Donald Trump has granted pardons to three co-founders of the BitMEX cryptocurrency exchange, CNBC has learned.
Pete Schroeder / Reuters:
The US FDIC says banks can engage in cryptocurrency and other legally permitted activities without prior regulatory approval if they manage risks appropriately  —  Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities.
Makena Kelly / Wired:
Sources: DOGE aims to migrate all Social Security Administration's computer systems off COBOL in a matter of months, risking the integrity of SSA infrastructure  —  Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language.
Steven Levy / Wired:
Interviews with Dario Amodei, Daniela Amodei, and other executives about Anthropic's origin, Claude, why DeepSeek isn't a threat, reaching AGI safely, more  —  The brother goes on vision quests.  The sister is a former English major.  Together, they defected from OpenAI, started Anthropic …
Jeremy Kahn / Fortune:
Anthropic says it created a new tool for deciphering how LLMs “think” and used it to resolve some key questions about how Claude and probably other LLMs work
Carmen Reinicke / Bloomberg:
Reddit shares are down 50% from a February high, after its Q4 earnings report showed its traffic took a hit from a change in Google's search algorithm  —  Reddit's outlook seemed precarious because its US traffic took a hit from a change in Google's search algorithm.
Bluesky: @willoremus.com.  X: @rustybrick.  Forums: Beehaw
Sarah Wynn / The Block:
Crypto.com says the US SEC won't pursue enforcement action; Crypto.com sued the SEC in October after receiving a Wells notice signaling potential charges  —  - Crypto.com said that the SEC will not file an enforcement action against the company.  — Crypto.com sued the SEC in October …
Luisa Beltran / Fortune:
A jury finds Frank founder Charlie Javice guilty of defrauding JPMorgan Chase by falsifying Frank user numbers; the charges carry a maximum sentence of 30 years  —  A Manhattan jury on Friday issued a guilty verdict against Charlie Javice, the 33-year-old CEO who duped JPMorgan Chase into buying …

Sponsor Posts

Google:
Try Gemini 3 Pro  —  Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Transform ML Experimentation with Tangle  —  Save months of compute time with Tangle, built by Shopify.  Try this open-source platform to simplify ML workflows, ensure reproducibility, and seamlessly share with collaborators.
Zoho:
Introducing Zoho Spend: A unified platform for the next gen finance teams.  —  Effective business spend management is a direct lever for profitability.  When organizations gain visibility into where money flows …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Sponsor Techmeme

Featured Podcasts

Invest Like the Best:
 Gavin Baker - Nvidia v. Google, Scaling Laws, and the Economics of AI
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Uncapped with Jack Altman:
 Pat Grady & Alfred Lin from Sequoia
Conversations with people I admire about things I'm genuinely interested in.
Subscribe to Uncapped with Jack Altman.
Big Technology Podcast:
 AI Device Wars Heat Up, RIP Metaverse?, Netflix Acquires Warner Brothers
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Decoder with Nilay Patel:
 Square's product chief on the death of the penny and the future of money
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
The Social Radars:
 Blake Scholl, Founder & CEO of Boom Supersonic
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
Grit:
 The Pull to Build: Joubin Mirzadegan on Grit and Starting Roadrunner
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Add your podcast here
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:25 PM ET, March 28, 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

Christopher Palmeri / Bloomberg:
Money manager Mario Gabelli said it's “highly likely” he will tender his clients' WBD shares to Paramount in an effort to spark a bidding war for WBD

Alex Weprin / The Hollywood Reporter:
Disney nominates former Apple COO Jeff Williams to its board; he retired from Apple in November after overseeing the design team, supply chain work, and more

Katie Robertson / New York Times:
Email: USA Today EIC Caren Bohan has abruptly left the company, the second editor in chief to do so in less than two years; she became EIC in September 2024

More News

Emily Nicolle / Bloomberg:
Michael Novogratz's Galaxy Digital will pay $200M as part of a settlement with the New York AG over the firm's role in promoting the failed Luna cryptocurrency
Abner Li / 9to5Google:
Google says Pixel 9a will launch in the US, Canada, and UK on April 10; the company delayed the phone's launch to April to check “on a component quality issue”
Olivia Solon / Bloomberg:
AppLovin hires a law firm to investigate short sellers' allegations that the mobile ad company's ad performance numbers are fraudulent
Sheon Han / Wired:
How Paul Ginsparg, a Cornell University physics professor, created the digital repository arXiv nearly 35 years ago to help researchers share their preprints

Earlier Picks

Financial Times:
Sources: the EU will impose minimal fines on Apple and Meta next week, far below the DMA's 10% of global turnover cap, to avoid tensions with President Trump
Debby Wu / Bloomberg:
Taiwan is investigating 11 Chinese tech firms, including SMIC, which is being probed for allegedly poaching engineers to access the island's advanced chip tech
Amanda Silberling / TechCrunch:
Nintendo unveils Virtual Game Cards, letting users transfer existing digital Switch games to other consoles and lend them out more easily, available in April
Aisha Malik / TechCrunch:
Google rolls out new Search, Maps, and Gemini features to help plan vacations, including hotel price drop alerts and turning screenshots into holiday plans
Maxwell Zeff / TechCrunch:
After OpenAI released ChatGPT's new image generator, social media has been flooded with AI memes in the style of Studio Ghibli, highlighting copyright concerns
More: Smashing Frames, Blood in the Machine, Associated Press, USA Today, The Atlantic, 404 Media, Business Insider, VICE, Fast Company, The Decoder, Laptop Mag, New York Post, Adweek, Windows Central, Axios, TheGamer, Spyglass, Entrepreneur, Time, Mashable, The Angle, Fortune, ZDNET, 80 Level, New York Times, Tom's Guide, Geek News Central Podcast, The Verge, The Verge, and Reservoir Samples
Bluesky: @harrymccracken.com, @positronplays, @carnage4life, @jasonkoebler, @theinnerobserver, @andybrockman, @prietschka, and @atherton
Mastodon: @tansy@wandering.shop, @testobsessed@ruby.social, @intelgraphy@infosec.exchange, and @GossiTheDog@cyberplace.social.  Threads: @nateinthewild
X: @sama, @whitehouse, @sama, @sama, @pjaccetturo, @shilstone_arts, @levelsio, @heybarsee, @mdurbar, @nuberodesign, @kantrowitz, @zemotion, @holyn, @nikitabier, @signulll, @loudmouthjulia, @loudmouthjulia, @emollick, @trungtphan, @grantslatton, @quantian1, @tszzl, @joannejang, @ausscreenwriter, @minimaxir, @metaplexmovies, @nabeelqu, @katienotopoulos, @slimjosa, @f_edits, @cyantist, @8teapi, @altryne, @sahilriz, @noheeriye, @emanuelsa, @johnbiggs, @tszzl, @tszzl, @trungtphan, @bcmerchant, @morganb, @halvarflake, @pjaccetturo, @balajis, @michael_nielsen, @sama, @nickmillermusic, @ednewtonrex, @gergelyorosz, @venturetwins, @nearcyan, @nearcyan, @grantslatton, @sama, @pelziee, @hkesvani, @787fka, @imbethmccoll, @kilimeeeen, @space_b0y_, @thecaptain_nemo, @tom_westgarth15, @r3h8t, @uncledoomer, @cpaik, @jiratickets, @indian_bronson, @ednewtonrex, @adtac_, @peduarte, @bizlet7, @mrewanmorrison, @bartlebytaco, @guiltfoyle, @bigblackjacobin, @btckaz, @thejasonrink, @nikitabier, @hebennigatu, @gdb, @niles100, @thekitze, @wildbarestepf, @tobi, @loudmouthjulia, @petergyang, @tracewoodgrains, @uncledoomer, and @adonis_singh
Forums: r/ArtistHate, r/ArtistHate, r/technology, r/singularity, r/artificial, Beehaw, and Slashdot
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter