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March 28, 2025, 5:25 PM
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Top News

Makena Kelly / Wired:
Sources: DOGE aims to migrate all Social Security Administration's computer systems off COBOL in a matter of months, risking the integrity of the system  —  Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language.
CNBC:
Trump pardons BitMEX founders Arthur Hayes, Benjamin Delo, and Samuel Reed, who previously pled guilty to federal criminal charges related to money laundering  —  President Donald Trump has granted pardons to three co-founders of the BitMEX cryptocurrency exchange, CNBC has learned.
CNBC:
CoreWeave raised $1.5B in its IPO, selling ~37.5M shares at $40 each, down from a planned 49M shares at $47-$55; source: Nvidia anchored with a ~$250M order  —  CoreWeave on Thursday priced shares at $40 in the company's IPO, raising $1.5 billion in the biggest U.S. tech offering since 2021, CNBC has confirmed.
Steven Levy / Wired:
Interviews with Dario Amodei, Daniela Amodei, and other executives about Anthropic's origin, Claude, why DeepSeek isn't a threat, reaching AGI safely, more  —  The brother goes on vision quests.  The sister is a former English major.  Together, they defected from OpenAI, started Anthropic …
Jeremy Kahn / Fortune:
Anthropic says it created a new tool for deciphering how LLMs “think” and used it to resolve some key questions about how Claude and probably other LLMs work
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  —  Another U.S. bank regulator has announced that banks do not need to receive advance permission to engage in some crypto-related activities.
Carmen Reinicke / Bloomberg:
Reddit shares are down 50% from a February high, after its Q4 earnings report showed its traffic took a hit from a change in Google's search algorithm  —  Reddit's outlook seemed precarious because its US traffic took a hit from a change in Google's search algorithm.
Bluesky: @willoremus.com.  X: @rustybrick.  Forums: Beehaw
Financial Times:
Sources: the EU will impose minimal fines on Apple and Meta next week, far below the DMA's 10% of global turnover cap, to avoid tensions with President Trump  —  Brussels to push ahead with enforcing digital rules on Big Tech groups but with low financial penalties for breaches
Sarah Wynn / The Block:
Crypto.com says the US SEC won't pursue enforcement action; Crypto.com sued the SEC in October after receiving a Wells notice signaling potential charges  —  - Crypto.com said that the SEC will not file an enforcement action against the company.  — Crypto.com sued the SEC in October …
Elon Musk / @elonmusk:
Elon Musk says xAI has acquired X in an all-stock transaction valuing xAI at $80B and X at $33B  —  @xAI has acquired @X in an all-stock transaction. The combination values xAI at $80 billion and X at $33 billion ($45B less $12B debt). Since its founding two years ago, xAI has rapidly become one of the leading AI labs in the world, building models and data centers at
Abner Li / 9to5Google:
Google says Pixel 9a will launch in the US, Canada, and UK on April 10; the company delayed the phone's launch to April to check “on a component quality issue”  —  After a last-minute delay, Google today announced that Pixel 9a will launch starting April 10.

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This is a Techmeme archive page. It shows how the site appeared at 5:25 PM ET, March 28, 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

Kate Knibbs / Wired:
The Freedom of the Press Foundation, a shareholder in Paramount, is threatening legal action against the company if it settles with President Trump

Charlotte Tobitt / Press Gazette:
Redbird Capital Partners buys the Telegraph at a £500M valuation, ending nearly two years of ownership limbo; IMI will take a minority investment

Liam Scott / Poynter:
Some VOA employees discuss the bare-bones return to work: out of 1,300 staff, only 30 remain, and the outlet is only publishing in four languages, instead of 49

More News

Emily Nicolle / Bloomberg:
Michael Novogratz's Galaxy Digital will pay $200M as part of a settlement with the New York AG over the firm's role in promoting the failed Luna cryptocurrency
Olivia Solon / Bloomberg:
AppLovin hires a law firm to investigate short sellers' allegations that the mobile ad company's ad performance numbers are fraudulent
Sheon Han / Wired:
How Paul Ginsparg, a Cornell University physics professor, created the digital repository arXiv nearly 35 years ago to help researchers share their preprints
Debby Wu / Bloomberg:
Taiwan is investigating 11 Chinese tech firms, including SMIC, which is being probed for allegedly poaching engineers to access the island's advanced chip tech

Earlier Picks

Jagmeet Singh / TechCrunch:
PUBG developer Krafton acquires a “north of 75% stake” in Pune-based gaming studio Nautilus Mobile for $14M in an all-cash deal, its first acquisition in India
Amanda Silberling / TechCrunch:
Nintendo unveils Virtual Game Cards, letting users transfer existing digital Switch games to other consoles and lend them out more easily, available in April
Aisha Malik / TechCrunch:
Google rolls out new Search, Maps, and Gemini features to help plan vacations, including hotel price drop alerts and turning screenshots into holiday plans
Maxwell Zeff / TechCrunch:
After OpenAI released ChatGPT's new image generator, social media has been flooded with AI memes in the style of Studio Ghibli, highlighting copyright concerns
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