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March 7, 2025, 11:30 PM
Mediagazer memeorandum WeSmirch
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Top News

John Gruber / Daring Fireball:
Apple confirms that it is delaying the “more personalized Siri” Apple Intelligence feature and anticipates rolling it out “in the coming year”  —  Here's a statement I got this morning from Apple spokeswoman Jacqueline Roy, verbatim:
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.
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 …
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.
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  —  Mustafa Suleyman wasn't getting the answers he wanted.  —  Last fall, during a video call with senior leaders at OpenAI and Microsoft …
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.
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 …
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  —  Four satellite operators in talks over back-up for Kyiv if Elon Musk switches off broadband service
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  —  The maker of coding app Cursor surpassed $100 million in recurring revenue in 12 months.
Wall Street Journal:
Sources: the White House is weighing measures to restrict DeepSeek, including banning its app from US app stores, because of national security concerns  —  Trump administration also considers broader measures against the AI model over national-security concerns
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  —  Reflection AI is building coding agents that can function autonomously.  —  Two top researchers from Google's artificial intelligence lab DeepMind …
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 …
New York Times:
Sources: Figma has met with banks in recent weeks to discuss an IPO that could come as soon as 2025; EU and US regulators stymied its $20B sale to Adobe in 2023  —  The design tech company is exploring a public offering after regulators stymied its $20 billion sale to the software giant Adobe in 2023.
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.
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  —  US President Donald Trump signed an executive order to establish a Strategic Bitcoin Reserve “just a few minutes ago,” says crypto tsar David Sacks.
More: The White House, CNBC, Bloomberg, Reuters, PYMNTS.com, The Atlantic, Business Insider, Foreign Policy, The Crypto Times, Decrypt, NewsBTC, CNET, Tech in Asia, USA Today, Washington Examiner, The Register, The Floridian, Motley Fool, Politico, The Guardian, Yahoo Finance, Axios, Digital CxO, archive.ph, One America News Network, Cryptopolitan, Bitcoin Insider, Townhall, Mediaite, The Information, The Daily Wire, Protos, CNBC, Washington Post, MarketWatch, Los Angeles Times, CNN, CoinDesk, Crypto Briefing, and Decrypt
Bluesky: @repcasar, @theangrydonkey, @zen4ever2us, @tyleraking.com, and @tyleraking.com
Mastodon: @dave@social.masto.land and @jeffjarvis@mastodon.social
X: @davidsacks47, @margomartin47, @matt_hougan, @jconorgrogan, @kobeissiletter, @acyn, @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
Nikou Asgari / Financial Times:
Trump's Strategic Bitcoin Reserve, which will hold only assets that have been forfeited, disappoints traders who hoped the government would begin buying bitcoin

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From Mediagazer

Nectar Gan / CNN:
Chinese nationalists and state media praise Trump's decision to dismantle VOA, RFA, and other US-funded media outlets that broadcast to authoritarian regimes

Reuters:
Tencent Music reports Q4 revenue up 8.2% YoY to ~$1.03B, above ~$1.01B est., social entertainment services revenue down 13% to ~$225M, and net profit up 47.3%

New York Times:
Sources: The New Yorker has cut ties with its art critic, Jackson Arn, who joined in 2023, after complaints about his behavior at its centennial celebration

More News

Earlier Picks

Financial Times:
Analysis: the $TRUMP memecoin generated $314M from token sales and $36M in fees within three weeks of its launch, likely fueling conflict of interest concerns
Financial Times:
Sources: Meta plans to include improved voice features in Llama 4, expected in weeks, betting that future AI agents will be conversational rather than text-led
NewsGuard's Reality Check:
NewsGuard audit: the 10 top AI chatbots, including ChatGPT, Claude, and Gemini, repeated false claims from a pro-Kremlin disinformation network 33% of the time
CoinDesk:
In a Tucker Carlson interview, Sam Bankman-Fried says he was becoming closer to the GOP in the lead-up to his arrest and that played a role in his sentencing
Mariella Moon / Engadget:
Reddit adds tools like Post Insights, Post Recovery, and Post Check, which helps users see if what they are posting potentially goes against a subreddit's rules
Emma Roth / The Verge:
DuckDuckGo says AI answers are out of beta and now get info from across the web, not just Wikipedia; setting AI answers to “often” shows them ~20% of the time
Mediagazer memeorandum WeSmirch
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