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March 29, 2025, 2:05 AM
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memeorandum
WeSmirchTop News
| CNBC: |
Elon Musk says xAI acquired X in an all-stock deal valuing xAI at $80B and X at $33B; xAI was reportedly in talks to raise funds in February at a $75B valuation — Elon Musk said on Friday that his startup xAI has merged with X, his social network, in an all-stock transaction that values …
More: New York Times, NBC News, Wired, Reuters, Semafor, The Verge, Social Media Today, Cointelegraph, UPI, Fortune, Yahoo Finance, TVNewsCheck, Mashable, Barron's Online, BetaNews, Türkiye Today, PC Gamer, Cord Cutters News, BGR, Coinpedia Fintech News, Cryptopolitan, Gizmodo, Greek City Times, Engadget, Rolling Stone, Dexerto, Deadline, Decrypt, The Hollywood Reporter, BBC, Business Insider, Variety, E! Online, Bloomberg, The Post Millennial, MarketWatch, and San Francisco Chronicle
Bluesky: @malwaretech.com, @lorak, @peark.es, @michaelmartinez.co, @laurengoode, @mgsiegler.com, @petertl, @danny.page, @supermickychow, @rmac, @malwaretech.com, @radiodeadair.com, @spencercallaghan.ca, @beartromboneparrot, @rmac, @ivanthek, and @caseynewton. Mastodon: @carnage4life@mas.to
Threads: @sung.kim.mw, @quillmatiq, @alexhcranz, @edmundlee, @edmundlee, @kalihays1, and @karaswisher
X: @elonmusk, @lindayax, @adamscochran, @munster_gene, @chamath, @apompliano, @austin_rief, @garymarcus, @teslaconomics, @kyliebytes, @levynews, @luke_metro, @kimmonismus, @daveg, @pkafka, @fredericlambert, @mrewanmorrison, @nearlydaniel, @sawyermerritt, @mgsiegler, @devahaz, @bindureddy, @quantian1, @danprimack, @adamscochran, @amitisinvesting, @scobleizer, @bilawalsidhu, @kgreifeld, @mikeisaac, @rga, and @stanphylcap
| Bloomberg: |
Source: the new combined entity housing xAI and X is called XAI Holdings and is valued at more than $100B, not including debt — - New joint entity is valued at over $100 billion, person says — X, xAI already partnered on data sharing and Grok distribution
More: Reuters, TechCrunch, Financial Express, Associated Press, Us Weekly, Deutsche Welle, Pixel Envy, Silicon Valley Business …, The Apple Post, SiliconANGLE, Spyglass, Research & Development World, The Information, Ars Technica, The Wrap, Yahoo Finance, Benzinga, Tech in Asia, and The Independent
Bluesky: @chickenpuppet.online. X: @meghanbobrowsky, @gerberkawasaki, @katie_roof, @meghanbobrowsky, and @katie_roof
Forums: r/Asmongold, r/LocalLLaMA, r/StocksAndTrading, r/Twitter, r/Economics, and r/EnoughMuskSpam
| Wall Street Journal: |
Sources: OpenAI is finalizing a $40B round led by SoftBank, receiving $10B initially and another $30B by 2025's end if it restructures into a for-profit company — A stipulation of the funding round, led by SoftBank, adds pressure to OpenAI's efforts to convert to a for-profit company
More: Bloomberg, Reuters, The Information, The Information, Axios, PYMNTS.com, Benzinga, Adweek, Quartz, and TechCrunch
Bluesky: @foglandia, @dead.place, @westinlee, @captaininertia, @jeffbach, and @iplayguitarbad. X: @berber_jin1. LinkedIn: Katie Roof
| 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.
More: FDIC, FDIC, Axios, Coinpedia Fintech News, Cointelegraph, Decrypt, ABA Banking Journal, The Block, CryptoSlate, PYMNTS.com, Barron's Online, Bank Automation News, crypto.news, CoinDesk, CoinGape, The Crypto Times, Bitcoin Insider, and Bitcoin Magazine
Bluesky: @opinionatedogre, @samgemar, @carnage4life, @mikealves, @coffeeholic, and @boblv. Mastodon: @slyborg@vmst.io. X: @tyler
LinkedIn: Alex Treece, Alexandra Steinberg Barrage, and Carleton Goss
Forums: Hacker News and Slashdot
| 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.
More: Associated Press, Coinpedia Fintech News, Cointelegraph, Crypto Briefing, Watcher Guru, CryptoSlate, crypto.news, CoinGape, Decrypt, Cryptopolitan, CoinDesk, Bitcoin Insider, Bloomberg, Benzinga, The Crypto Times, Reuters, and The Block
Bluesky: @junowoodruff, @mjz1957, @craigipedia, and @zero-to-hero
Forums: r/politics, r/news, r/wallstreetbets, r/NoShitSherlock, and r/law
| Jordan Novet / CNBC: |
CoreWeave closes flat at $40 in its Nasdaq debut; CoreWeave's offering is the largest US IPO since UiPath's NYSE debut in 2021 — CoreWeave's stock opened at $39 and closed at $40 in its Nasdaq debut on Friday after the company sold shares at $40 a piece, below the expected range.
More: Financial Times, Bloomberg, Wall Street Journal, Fortune, Proactive, Yahoo Finance, MarketWatch, Boing Boing, NBC Bay Area, Reuters, Newcomer, Crunchbase News, Marcus on AI, Fast Company, and Global Corporate Venturing
X: @jimcramer, @inafried, @tanayj, @amytongwu, @yahoofinance, @readkrystalhu, @kevinsxu, @thestalwart, @coryweinberg, @coreweave, and @mikeisaac. Forums: Beehaw
| CNBC: |
More: CNBC Television on YouTube, MarketWatch, Financial Times, Semafor, Fortune, Gizmodo, CoinDesk, CNBC, Financial Times, Proactive, Axios, Reuters, The Block, Financial Times, Agence France-Presse, Blockchain.News, The Information, and Bloomberg
Bluesky: @jessefelder, @quinnypig.com, @edzitron.com, @python357, @treadingwater1, and @mgsiegler.com
| Bloomberg: |
Source: hackers broke into Oracle's Cerner servers sometime after January 22 and stole patient data to extort US medical providers; the FBI is investigating — - The FBI is investigating the incident from earlier this year — Hacker used stolen logins to access old servers, Oracle said
More: BleepingComputer, Ars Technica, Reuters, and Fox Business
Bluesky: @chirag. Mastodon: @GossiTheDog@cyberplace.social. Forums: r/cybersecurity, r/cernercorporation, and Slashdot
| Zac Bowden / Windows Central: |
In the latest Windows 11 preview build, Microsoft removed the “bypassnro” command, which let users skip signing into a Microsoft Account when installing Windows — The popular “bypassnro” command, which let users to skip connecting to the Internet and signing into a Microsoft Account, is being removed.
More: Windows Blog, The Verge, Microsoft Tech Community, Neowin, Ars Technica, MakeUseOf, Digital Trends, XDA Developers, and Neowin
Forums: r/pcgaming, r/windowsinsiders, and r/Windows11
| Steven Levy / Wired: |
Anthropic researchers share the surprises they observed while watching Claude think: planning ahead, confusion between safety and helpfulness goals, lying, more — Researchers looked inside the chatbot's “brain.” The results were surprisingly chilling. — The researchers …
More: Transformer Circuits, Anthropic, TechRepublic, Ars Technica, AI News, VentureBeat, and Fortune
| Steven Levy / Wired: |
More: WinBuzzer. Bluesky: @thecools, @kathleenkellymusic, @petermusser.com, @quinnypig.com, and @smcgrath.phd
X: @mjreard, @shakeelhashim, @miles_brundage, @psychosort, @bonybean, and @stevenlevy
| Ben Bergman / Business Insider: |
Sources: ScaleAI is seeking a valuation as high as $25B in a potential tender offer; it was last valued at $13.8B in a $1B Series F round led by Accel in 2024 — - Scale AI has become increasingly in demand as companies need to label and sort data to train AI models.| Luisa Beltran / Fortune: |
A jury finds Frank founder Charlie Javice guilty of defrauding JPMorgan Chase by falsifying Frank user numbers; the charges carry a maximum sentence of 30 years — A Manhattan jury on Friday issued a guilty verdict against Charlie Javice, the 33-year-old CEO who duped JPMorgan Chase into buying … | Jonathan Stempel / Reuters: |
A US judge rejects Musk's bid to dismiss a lawsuit claiming he defrauded ex-Twitter shareholders by delaying the disclosure of his initial Twitter investment — A U.S. judge on Friday rejected billionaire Elon Musk's bid to dismiss a lawsuit claiming he defrauded former Twitter shareholders …
More: Bloomberg, CNBC, and PhoneArena
| 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 SSA infrastructure — Social Security systems contain tens of millions of lines of code written in COBOL, an archaic programming language.
More: Gizmodo, SiliconANGLE, The Register, Raw Story, and CBS News
Bluesky: @porpentina2017, @mims, @zingherpolisci, @malwarejake, @sungkim, @metahandle, @couchfrancois.com, @cachiporra, @frydawolff, @martinsfp, @simonwillison.net, @katie-drummond, @leahfeiger, @timmarchman, and @makenakelly
Mastodon: @inthehands@hachyderm.io, @leyrer@23.social, @mttaggart@infosec.exchange, @benbrown@hackers.town, @kajord@hachyderm.io, @llamasoft_ox@toot.wales, and @rogelin@mastodon.social
| Patience Haggin / Wall Street Journal: |
Adalytics: DoubleVerify, IAS, and Human Security, paid by advertisers to detect bots, regularly miss such traffic; DoubleVerify missed 21% of bot visits — Companies that claim to help brands avoid serving digital ads to bots regularly miss nonhuman traffic
More: Integral Ad Science and MediaPost
LinkedIn: Dr. Augustine Fou, Charlie Tysse, Jay Friedman, and Paul Kurrie
| Dan Primack / Axios: |
Brooklyn-based Underdog, a fantasy sports and sports betting app, raised $70M in a first Series C tranche at a $1.23B valuation from Spark Capital — Underdog, a Brooklyn-based fantasy sports and sports betting app, tells Axios that it raised $70 million in Series C funding at a $1.23 billion valuation from Spark Capital.
More: Sportico, FinSMEs, and VC News Daily
| Steven Church / Bloomberg: |
FTX tells a US bankruptcy judge it will make the first payment to its main creditors on May 30 using the $11.4B cash hoard it has collected since shutting down — Former cryptocurrency firm FTX will start paying its main creditors at the end of May using a cash hoard of $11.4 billion the company has collected since its shut down.
More: Cryptopolitan and Coinpedia Fintech News
| Ivan Mehta / TechCrunch: |
Google starts offering user choice billing in the UK, initially to non-game developers, says 90%+ of developers are satisfied with Google Play's native billing — Google said today that it will start offering user choice billing in the U.K., giving Google Play developers the ability to use …
More: The Keyword, GSMArena.com, Engadget, Google Help Center, Pocket-lint, and Thurrott
X: @timsweeneyepic and @timsweeneyepic
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