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March 21, 2025, 1:00 AM
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Top News

Mark Gurman / Bloomberg:
Sources: Vision Pro creator Mike Rockwell will take over Siri, which is being removed from AI head John Giannandrea; Rockwell will report to Craig Federighi  —  Mark Gurman Answers Your Questions About Apple Mark Gurman Answers Your Questions About Apple Mark Gurman Answers Your Questions About Apple
Benedict Evans:
Apple stumbling with Vision Pro and then falling flat on its face with AI suggests that it is slipping into a Vista-like drift of systemically poor execution  —  It matters that Apple's new Siri will be late, and it matters more that Apple didn't realise.  Is it more than that?
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 …
Abner Li / 9to5Google:
Google adds “smarter search” to Gmail for Android, iOS, and the web, using AI to show the most relevant results instead of showing them in chronological order  —  Google is introducing “smarter search” to Gmail for Android, iOS, and the web that leverages “AI to show you the most relevant results, faster.”
Kyle Wiggers / TechCrunch:
Anthropic adds web search in preview for Claude 3.7 Sonnet, available now for paid US Claude users, with support for free users and more countries coming soon  —  Anthropic's AI-powered chatbot, Claude, can now search the web — a capability that had long eluded it.
Cheyenne Ligon / CoinDesk:
The US SEC says proof-of-work crypto mining doesn't trigger federal securities laws and mining operators do not need to register their transactions with the SEC  —  In a staff statement published Thursday, the SEC said that both solo mining and mining pool operations would fail the first prong of the Howey Test.
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 …
The Guardian:
Researchers unveil Aardvark, an AI weather prediction system that they say uses thousands of times less computing power and is much faster than current methods  —  Researchers say Aardvark Weather uses thousands of times less computing power and is much faster than current systems
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 …
Kif Leswing / CNBC:
At Nvidia's Quantum Day, Jensen Huang walked back his January comments that cast doubt on the timeline for useful quantum computing and caused a stock selloff  —  Nvidia CEO Jensen Huang on Thursday walked back comments he made in January, when he cast doubt on whether useful quantum computers would hit the market in the next 15 years.
Shirin Ghaffary / Bloomberg:
Source: Perplexity has discussed raising as much as $500M to $1B in a new round that would double its valuation to $18B; its current ARR is nearly $100M  —  The company has discussed raising as much as $500 million to $1 billion in the round, according to the person, who asked not to be identified because the information isn't public.
Mike Butcher / TechCrunch:
Stockholm-based Rerun, which is building a data stack for “Physical AI” like robots and drones, raised a $17M seed, bringing its total funding to $20.2M  —  As generative AI moves increasingly into the physical world through robotics, vehicles, and drones, the need to map cloud-based AIs …
More: SiliconANGLE
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.
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 …
Carolina Millan / Bloomberg:
Argentina-based neobank Ualá raised an additional $66M for its Series E, after an initial raise of $300M led by Allianz X at a $2.75B valuation in November 2024  —  Latin American fintech Ualá boosted its Series E round by $66 million in a second close that included participation …
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.
Jess Weatherbed / The Verge:
Discord plans to roll out third-party ads on its mobile apps, starting with a mobile pilot for Video Quests, video ads that let users earn rewards, in June 2025  —  Video Quests will start rolling out to mobile users in June. … Discord is bringing third-party ads to its mobile platform.

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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

Ben Thompson / Stratechery:
Q&A with Sam Altman on his background, OpenAI's origin as a nonprofit, building a consumer tech company, ads, competition, hallucinations, regulation, and AGI
Bloomberg:
Huawei unveils the Pura X foldable phone that opens to an unconventional 16:10 6.3" display, its first flagship with HarmonyOS 5, launching in China for ~$1,036

Earlier Picks

Anto Antony / Bloomberg:
Bakkt names Akshay Naheta, who oversaw some of SoftBank's biggest deals, as co-CEO to head its turnaround efforts; BKKT is down 62%+ in 2025
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
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