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March 30, 2025, 12:20 AM
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Top News

Keach Hagey / Wall Street Journal:
A book excerpt details how the OpenAI board ousted Sam Altman with help from Mira Murati, who provided examples of his alleged lies and other toxic behavior  —  Secrets, misdirection and broken trust.  The inside story of how the CEO of the hottest tech company was ousted and, just as quickly, resurrected.
Jake Kanter / Deadline:
A look at AI-generated fake movie trailers on YouTube; WBD, Paramount, and Sony have earned ad revenue from some videos instead of defending their copyright  —  Cut to Nicholas Hoult's Lex Luthor watching on and Milly Alcock's Supergirl levitating into view.  “They are not from here,” Luthor intones in an ominous voiceover.
Arfa Javaid / Financial Express:
Replit CEO Amjad Masad says learning to code is a waste of time, citing Dario Amodei's prediction that AI may generate essentially all code by next year  —  Repli CEO Amjad Masad said that since AI will take over coders in future, one should not waste time on studying coding now.
Hamish McKenzie / @hamishmckenzie:
Hamish McKenzie says Substack is partnering with FIRE to support “writers residing lawfully” in the US targeted by the government for their writing  —  We are partnering with @TheFIREorg to stand up for free speech in the face of recent government actions against critics of U.S. foreign policy. We will work to protect writers who are targeted in this way. [image]
Bain:
India's e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China  —  Executive summary  —  India has become a retail powerhouse over the last decade, ascending to the third largest retail market globally in 2024.

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From Mediagazer

Axios:
Sources: Paramount seeks a business-side counterpart to Bari Weiss, implying she would oversee editorial across CBS News and CNN if Paramount's WBD deal closes

Scott Nover / Washington Post:
Email: the WH press corps won't be allowed on White House grounds Sunday due to the UFC fight; only press poolers will be allowed unless UFC gives credentials

Peter Chapman / Bloomberg:
The UK CMA launches a probe into Paramount's $110B acquisition of WBD, and sets an initial ruling deadline on August 7; the EU has already set a July 7 deadline

More News

New York Times:
US tech companies are racing to establish more and bigger offshore campuses in India, fully staffed with highly skilled professionals in cities like Bengaluru
Alex Kantrowitz / Big Technology:
World History Encyclopedia, the second most visited history site, says its traffic fell 25% in Nov. 2024 after AI search tools began presenting its information
Dan Primack / Axios:
Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first Series C tranche at a $1.23B valuation from Spark Capital

Earlier Picks

Bloomberg:
Source: the new combined entity housing xAI and X is called XAI Holdings and is valued at more than $100B but less than $113B, since X already owned part of xAI
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
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
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