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April 1, 2025, 7:35 PM
Mediagazer memeorandum WeSmirch
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Top News

CNBC:
Circle files for a US IPO, with plans to list on the NYSE under CRCL; Circle, which issues the USDC stablecoin, is reportedly seeking a $4B to $5B valuation  —  Circle, the company behind the USDC stablecoin, has filed for an initial public offering and plans to list on the New York Stock Exchange.
Mark Gurman / Bloomberg:
Sources: Meta is ramping up work on its first glasses with a display, codenamed Hypernova, which it could debut as early as the end of 2025 for $1,000 to $1,400  —  The company intends to introduce its first glasses with a screen as early as the end of this year — a product it sees …
Ivan Mehta / TechCrunch:
OpenAI's new GPT-4o-powered image generator is now available to all users; Sam Altman last week mentioned a limit of three images per day for free-tier users  —  OpenAI's new image generator, powered by its GPT-4o model, is now available to all users, CEO Sam Altman said in a post on X …
The Information:
OpenAI says ChatGPT has hit 20M paid subscribers, up from 15.5M at the end of 2024, suggesting the startup is making $415M+ in revenue per month, or $5B/year  —  Before today's main column about the AI attention war between OpenAI and Google, there's OpenAI news from my colleague Natasha …
John Hudson / Washington Post:
Sources: WH national security adviser Michael Waltz and other National Security Council members have conducted government affairs over personal Gmail accounts  —  Trump's national security adviser is trying to manage his way out of a crisis.  But new revelations about his team's operational security are piling up in the inbox.
Kurt Wagner / Bloomberg:
Meta VP of AI Research Joelle Pineau says she plans to leave in May 2025 after eight years; she has led the FAIR group since early 2023 and reports to Chris Cox  —  Joelle Pineau, the VP running Meta's FAIR group, to depart company in May  —  Meta Platforms Inc.'s head …
Kendra Barnett / Adweek:
Google is bringing its immersive Rewarded Video ads to Roblox, letting users watch ads in exchange for in-game benefits like virtual currency or power-ups  —  Advertisers can buy Rewarded Video ads on Roblox via Google Ad Manager, the company announced Tuesday
Alexander Maxham / Android Headlines:
Leaked renders of the Google Pixel 10 Pro Fold show a design similar to its predecessor's; sources: it will feature a TSMC-made Tensor G5 chip and 16GB of RAM  —  Update: We've updated this article with the dimensions of the Pixel 10 Pro Fold. … After having released renders of the Google Pixel 10 …
Jake Kanter / Deadline:
YouTube suspends two major fake movie trailer channels from its partner program, after a report on how the AI-heavy trailers generated millions in ad revenue  —  The Google-owned video-hosting giant has turned off ad revenue on Screen Culture and KH Studio trailers after a Deadline investigation chronicled …
Financial Times:
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok's US arm, after being approached along with Blackstone Group and others  —  Venture capital group could join last-gasp bid by allies of Donald Trump to take control of video app owned by ByteDance
Kyle Wiggers / TechCrunch:
Similarweb: Gemini's web app had 10.9M average daily visits in March, up 7.4% MoM; Sensor Tower: Claude and Gemini saw activity jump after flagship model debuts  —  OpenAI's ChatGPT may be the world's most popular chatbot app.  But rival services are gaining, according to data from analytics firms Similarweb and Sensor Tower.
Ufonobong Umanah / Bloomberg Law:
A US judge rules Arkansas' Social Media Safety Act, which requires minors have parental permission before creating social media accounts, infringes on 1A rights  —  Arkansas' youth-focused Social Media Safety Act infringes on the First Amendment rights of internet users and is unconstitutionally vague …
Jess Weatherbed / The Verge:
Google rolls out a new Gmail encryption model for enterprises in beta that doesn't require senders or recipients to use custom software or exchange certificates  —  The beta feature for enterprise accounts allows Gmail users to simply toggle encryption for external emails.
Wall Street Journal:
Sources: in recent weeks, Meta executives including Mark Zuckerberg have pressed US trade officials to oppose an impending EU fine and cease-and-desist order  —  Facebook owner presses trade officials to push back against European law that could undermine its ad business
Aisha Malik / TechCrunch:
TikTok is shutting down its Instagram rival TikTok Notes on May 8, 2025, directing users to Lemon8, a similar ByteDance app with 12.5M MAUs as of December 2024  —  TikTok is shutting down its Instagram competitor, TikTok Notes, on May 8.  The photo-sharing app launched in testing in Canada, Australia, and Vietnam last year.
Bloomberg:
With the Switch 2, Nintendo must do what it has rarely done before: follow one hit console with another; Nintendo sold 150M+ Switch units since its 2017 launch  —  The Japanese gaming giant is about to release its latest console.  The stakes have never been higher to end the boom-bust cycle that's plagued the company for years.

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This is a Techmeme archive page. It shows how the site appeared at 7:35 PM ET, April 1, 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

Axios:
Sources: G/O Media sold business news brand Quartz and commerce site The Inventory to software firm Redbrick, the fourth Quartz ownership change in seven years

Katie Campione / Deadline:
WGA members “overwhelmingly” ratify a new three-year deal with CBS News that includes AI protections and is modeled after a recent ABC News contract

Ella Creamer / The Guardian:
A judicial panel consolidates 12 copyright cases against OpenAI and Microsoft in New York, including cases from Ta-Nehisi Coates, John Grisham, and the NYT

More News

New York Times:
Xiaomi says it is cooperating with a Chinese police investigation into a fatal crash involving its EV while the driver was using its autonomous driving features
Yogita Khatri / The Block:
Tether acquired 8,888 bitcoin worth ~$735M in Q1 2025, taking its total holdings to ~$7.8B and making it the sixth-largest holder of bitcoin in a single wallet

Earlier Picks

Natalie Lung / Bloomberg:
Match Group unveils The Game Game, a free voice-based game in Tinder that invites users to flirt with chatbots powered by OpenAI's GPT-4o and GPT-4o mini models
Financial Times:
Current and former Google DeepMind scientists say a tougher vetting process and more bureaucracy at the Google AI arm have made it harder to publish AI research
Bloomberg:
Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects
Mediagazer memeorandum WeSmirch
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