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March 29, 2025, 3:50 AM
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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, The Verge, Nairametrics, Reuters, Social Media Today, Semafor, UPI, Fortune, Yahoo Finance, TVNewsCheck, Mashable, Barron's Online, BetaNews, Türkiye Today, PC Gamer, Cord Cutters News, BGR, Coinpedia Fintech News, Cointelegraph, 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: @lindayax, @elonmusk, @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
Forums: Hacker News, r/ArtificialInteligence, r/NewsOfTheStupid, r/stupidpol, r/Hasan_Piker, r/musked, r/worldnews, r/news, r/teslainvestorsclub, r/technology, r/elonmusk, and r/economy
See also Mediagazer
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
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
Bain:
India's e-commerce market grew 10%-12% YoY to ~$60B in GMV in 2024, versus historical rates of over 20%, with 270M+ people shopping online, second only to China  —  Executive summary  —  India has become a retail powerhouse over the last decade, ascending to the third largest retail market globally in 2024.
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.
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.
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.
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
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.
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
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 …
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, and more
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 …
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.
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 …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:50 AM ET, March 29, 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

Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital

Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet”

Kendra Barnett / Adweek:
Leaked docs: Omnicom offered clients who didn't spend on X in 2024 an added value of 50%, up to $200K, for buying X ads during Q1 2025, among other incentives

More News

Debarghya Sil / Inc42 Media:
Gensol's troubles cast doubt on the future of Indian EV ride-hailing firm BluSmart, founded by Gensol's promoters; BluSmart has raised $180M in debt and equity

Earlier Picks

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
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”
Olivia Solon / Bloomberg:
AppLovin hires a law firm to investigate short sellers' allegations that the mobile ad company's ad performance numbers are fraudulent
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
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
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