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April 1, 2025, 7:05 PM
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Top News

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 …
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 AR glasses with a display, which could be introduced as early as the end of 2025 and cost between $1K and $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 …
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 …
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.
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 …
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.
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
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 competitor, TikTok Notes, on May 8, directing users to Lemon8, a similar ByteDance-owned app  —  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.
Yazhou Sun / Bloomberg:
Sources: Finland-based IQM, which builds full-stack superconducting quantum computers, is in talks to raise more than €200M; it raised a €128M Series A2 in 2022  —  IQM, a Finnish startup that builds quantum computers, is in talks to raise more than €200 million ($216 million) …
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.
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  —  Google's AI arm led by Demis Hassabis makes it harder for its researchers to publish studies in major change in approach

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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

Variety:
A24 is shutting down its documentary filmmaking department, laying off five staffers, as sources say the market is too challenging to support an entire division

More News

New York Times:
Xiaomi says it is cooperating with a Chinese police probe into a fatal crash by a car using its autonomous features; its stock is down 10%+ over the past week
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
Bloomberg:
Sources: US Commerce Secretary Howard Lutnick signals withholding promised CHIPS Act grants as he pushes companies to substantially expand their US projects
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