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March 20, 2025, 3:00 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 …
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 …
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® …
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.
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.
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 …
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 …
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 …
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.
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 …
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.
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 …
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.
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
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

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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

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

Earlier Picks

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
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
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
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