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Techmeme
March 16, 2026, 11:25 AM
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Kurt Wagner / Bloomberg:
Amsterdam-based Nebius says Meta plans to spend up to $27B over the next five years to access AI infrastructure, starting with $12B of capacity in early 2027  —  Meta Platforms Inc. will pay as much as $27 billion over the next five years for access to cutting-edge artificial intelligence infrastructure …
Wall Street Journal:
Sources: OpenAI faced intense backlash from its advisory council over a planned ChatGPT “adult mode”, delayed earlier in March due to technical and other issues  —  Warnings surface that the company risks creating a ‘sexy suicide coach’ if it begins allowing sexually explicit chats
Horace Dediu / Asymco:
As AI models commodify, Apple's plans to spend just $14B on 2026 capex, far below hyperscalers' combined $650B, or 90%+ of their cash flow, may be a genius move  —  The 3rd? most valuable company on Earth watched as its rivals lit $650 billion on fire and did nothing.
Apple:
Apple unveils the $549 AirPods Max 2, with an H2 chip, up to 1.5x more effective ANC, studio-quality audio recording, and camera remote, shipping in early April  —  Powered by H2, AirPods Max are better than ever with more effective ANC, enhanced sound quality, and new features like Adaptive Audio and Live Translation
Matt Burgess / Wired:
Criminal enterprises in Southeast Asian scam hubs are recruiting “AI face models” to facilitate crypto and romance scams; some demand 100+ video calls per day  —  Dozens of Telegram channels reviewed by WIRED include job listings for “AI face models.”
Sam Sabin / Axios:
Google, Microsoft, LinkedIn, Meta, Amazon, OpenAI, Adobe, and Match sign a voluntary pledge to share threat intelligence about how scammers abuse their services  —  Eight major technology companies — including Google, Amazon and OpenAI — have signed a new pledge promising to share threat intelligence …
More: Engadget and The Keyword
Sherry Qin / Wall Street Journal:
Foxconn reports Q4 revenue up 22% YoY to ~$81B, net profit down 2% YoY to ~$1.4B, below ~$1.9B est., due to a higher tax expense, and a 5.9% gross profit margin  —  The company generates a significant share of its revenue making AI servers for the likes of Nvidia and Amazon
Timmy Shen / The Block:
Reliz, which operates crypto lender BlockFills, files for Chapter 11 bankruptcy, reporting $50M to $100M in estimated assets and $100M to $500M in liabilities  —  Quick Take  — Chicago-based BlockFills has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.
Theodore Schleifer / New York Times:
How tech billionaires are turning on the Giving Pledge, promoted by Bill Gates and Warren Buffett; Peter Thiel says he privately told ~12 signers to undo it  —  Just a few months after Warren Buffett convened a series of high-end dinners across America to collect signatures for something called …
Fanny Potkin / Reuters:
Sources: Hua Hong is readying a 7nm process at its Shanghai fab with Huawei's help, which would make it China's second chipmaker with such tech, after SMIC  —  China's Hua Hong Group has developed advanced chip manufacturing technologies that can be used to produce artificial intelligence chips …
Anissa Gardizy / The Information:
Sources: OpenAI appoints new leaders to oversee Stargate after deciding to rent more AI servers from cloud providers, and splits its computing effort in three  —  OpenAI has appointed new leaders to oversee its Stargate computing initiative after deciding to rent more AI servers …

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From Mediagazer

Etan Vlessing / The Hollywood Reporter:
Starz reports Q3 revenue of $322.4M, vs. $319.5M est., a net loss of $34.8M, down from $52.6M in Q3 2025, and linear TV revenue of $95.8M, vs. $98.1M in Q3 2025

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Mauro Orru / Wall Street Journal:
UMG reports Q3 revenue up 12% YoY to €3.39B, vs. €3.33B est., and subscription and streaming revenue up 18% to €1.81B, or up 8% excluding Downtown

More News

Washington Post:
GovAI and Brookings: many of the people most at risk if AI transforms work are also the best placed to find new jobs, as researchers disagree over AI's impact
Sarah Perez / TechCrunch:
Spotify announces Taste Profile editing in beta, the first time it lets users fine-tune its recommendations, starting with Premium subscribers in New Zealand

Earlier Picks

Kenrick Cai / Reuters:
President Trump accuses Iran of using AI as a “disinformation weapon” to make fake images of wartime successes against the US, saying “AI can be very dangerous”
Reuters:
JD.com launches its online marketplace Joybuy in the UK, Germany, France, the Netherlands, Belgium, and Luxembourg, as it expands globally to challenge Amazon
Clinton Nwachukwu / Ventureburn:
Standard Kernel, which is making AI-powered GPU optimization software, raised a $20M seed led by Jump Capital, with General Catalyst and others participating
Jagmeet Singh / TechCrunch:
Indian edtech startup upGrad plans to acquire rival Unacademy in an all-stock deal; Unacademy was valued at less than $500M in 2025, down 85% from $3.5B in 2021
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