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March 20, 2025, 1:20 PM
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Top News

Mark Gurman / Bloomberg:
Sources: Tim Cook lost faith in Apple AI head John Giannandrea to execute on product development and drafted in Vision Pro creator Mike Rockwell to oversee Siri  —  Apple Inc. is undergoing a rare shake-up of its executive ranks, aiming to get its artificial intelligence efforts back on track …
Sue Marek / Ookla:
Analysis: AT&T and Verizon Speedtest users saw higher median download speeds on the iPhone 16e and its C1 than the iPhone 16; T-Mobile users saw the opposite  —  The 16e is the first iPhone to feature the Apple-designed C1 modem.  —  Key Takeaways:  — AT&T and Verizon Speedtest® …
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
Reuters:
Jensen Huang says Nvidia has not been approached about purchasing a stake in Intel, following a report about a consortium with TSMC to operate Intel's factories
Bloomberg:
SoftBank acquires Ampere Computing for $6.5B in cash, with Oracle and Carlyle selling their stakes as part of the deal, which is expected to close in H2 2025  —  SoftBank is buying Ampere in an all-cash transaction that values the Santa Clara, California-based firm at $6.5 billion, according to a statement reviewed by Bloomberg News.
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 …
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.
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 …
Sarah Perez / TechCrunch:
Newsletter service Ghost launches support for ActivityPub integration in beta for Ghost(Pro) subscribers, letting them share their posts across the fediverse  —  Newsletter platform Ghost, an open source competitor to Substack, is now connected to the fediverse, also known as the open social web.
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 …
Ben Thompson / Stratechery:
Q&A with Sam Altman on the path to OpenAI, its origin story, building a consumer tech company, ads, competition, hallucinations, regulation, and the AI outlook  —  This Stratechery interview is technically another installment of the Stratechery Founder series; OpenAI is a startup …
Bloomberg:
Huawei unveils the 6.3" Pura X, a square clamshell with a 3.5" display and its first flagship running HarmonyOS 5, launching in China on March 30 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 launches o1-pro, which uses more compute than o1 for “consistently better responses”, to select developers for $150/1M input and $600/1M output tokens  —  OpenAI has launched a more powerful version of its o1 “reasoning” AI model, o1-pro, in its developer API.
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 …
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
Pranshu Verma / Washington Post:
Trump eliminating the USAGM cut the budget of the Open Technology Fund, launched in 2012 to let 24M+ people living under repressive regimes access the internet  —  The demise of the Open Technology Fund could put millions at risk of being targeted by authoritarian governments for their internet activity.
Anto Antony / Bloomberg:
Bakkt names ex-SoftBank rainmaker Akshay Naheta as co-CEO to help turn around the struggling US crypto trading and custody platform; BKKT is down 62%+ in 2025  —  Naheta will also be part of the company's board and will work with Andy Main, the firm's current CEO, according to a statement …

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This is a Techmeme archive page. It shows how the site appeared at 1:20 PM ET, March 20, 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

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 Law:
Brendan Carr says the FCC is prepared to block M&A proposals, including the Paramount-Skydance deal, from companies with “invidious forms of DEI discrimination”

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

More News

Michael R. Bloomberg / Bloomberg:
US schools spending billions on laptops, an idea supported by technologists and computer makers, has led to students' worsening social skills and test scores

Earlier Picks

Kylie Robison / The Verge:
Andor showrunner Tony Gilroy says the Disney+ show's scripts will not be released as planned, due to fears that they could be used as AI training data
Rebekah Valentine / IGN:
A group of cross-discipline video game workers in the US and Canada announce United Videogame Workers, a direct-join industry-wide union organizing with the CWA
Natasha Lomas / TechCrunch:
Google says more changes to Search in the EU would “reduce traffic to European businesses” and changes to the Play Store may expose users to “malware and fraud”
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