OpenAI's board unanimously rejects the $97.4B bid by Elon Musk and a consortium of investors, calling it “Mr. Musk's latest attempt to disrupt his competition”
Bret Taylor, the chairman of OpenAI's board, said the artificial intelligence company was “not for sale.”
Sources: Intel has spoken with the Trump administration and TSMC over the past few months about a deal in which TSMC assumes control of Intel's foundry business
The Silicon Valley giant is trying to cut a deal it hopes would help it pull out of a yearslong slump.
Memo: CISA orders a review of every position related to election security work since 2017, to comply with Trump's January 20 EO on “ending federal censorship”
The US Cybersecurity and Infrastructure Security Agency has frozen efforts to aid states in securing elections, according to an internal memo viewed by WIRED.
Perplexity releases Deep Research, offering five queries daily to free users and 500 to subscribers, available now on the web and soon on iOS, Android, and Mac
Perplexity shattered the artificial intelligence market's status quo today by launching Deep Research, a tool …
Source: TSMC is considering a controlling stake and fully operating Intel's US factories after a Trump team request, as Trump aims to boost US manufacturing
www.bloomberg.com/news/article... @cdmasterzang : Make Taiwan Great Again! X: Scott Lincicome / @scottlincicome : “Intel's foundry operation lost more than $13 billion on $17.5 billion in revenue last...
Sources: Apple's overhaul of Siri faces engineering problems and software bugs; some features, planned for April, may have to be postponed until May or later
- Software's makeover is key to Apple Intelligence ambitions — New Siri features slated for April at risk of being postponed
Tether's venture arm acquires a minority stake in Italian football club Juventus, as part of a broader push to integrate digital assets into sports franchises
Tether Holdings SA de CV said it's acquired a minority stake in Juventus Football Club SpA, as one of crypto's most valuable companies continues …
Argentina's president Javier Milei backtracks on an X post promoting a memecoin called Libra, which rose to a $4.4B market cap before plunging by 95%+
Milei deleted his original promotional tweet and revealed that he wasn't aware of its details. — What to know:
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. Bluesky: @kellblog and @katieroof LinkedIn: Katie Roof , Erika Ha...
Q&A with Google's Jeff Dean and Noam Shazeer on Google's path to AGI, future of Moore's Law and TPUs, inference scaling, open research, and more
Two of Gemini's co-leads on Google's path to AGI — This week I welcome on the show two of the most important technologists ever, in any field.
Sources: Anthropic expects to burn $3B in 2025, down from $5.6B in 2024, and make up to $3.7B in revenue in 2025, as it seeks to catch up with OpenAI
After burning $5.6 billion in cash last year, Anthropic said it would reduce that amount by nearly half in 2025 and projected up to $3.7 billion …
Sources: Dell nears a $5B deal to provide servers with Nvidia's GB200 chips for xAI's supercomputer project in Memphis
- Musk's AI startup developing supercomputer project in Memphis — Dell working to win large share of xAI's Memphis build-out — Dell Technologies Inc …
The website of President Trump's World Liberty Financial shows the crypto project sold 24B+ of its 25B WLFI tokens after a slow start, implying sales of $1.25B
- The project has sold more than 24 billion tokens so far — Chinese crypto entrepreneur Justin Sun is a project investor
Harvey, which builds generative AI tools for law firms, raised a $300M Series D led by Sequoia at a $3B valuation; CEO Winston Weinberg says ARR surpassed $50M
Harvey, a San Francisco AI startup focused on the legal industry, has raised $300 million in a funding round led by Sequoia …
A profile of Watch Duty creator John Clarke Mills, who wants the fire-tracking app to become a one-stop shop for information during any disaster
Watch Duty proved indispensable during the recent LA wildfires. John Mills, the app's creator, wants it to be the one place to go for tracking disasters. Bluesky: @boone and @katie-drummond Bluesky: ...
Source: xAI is canvassing potential investors, including Sequoia Capital and a16z, for a roughly $10B funding round that would value the company at about $75B
Gillian Tan / Bloomberg :
Analysis: consumers spent $259.1B on Uber, Lyft, and DoorDash in 2024, up from $218.5B in 2023, with $162.8B on Uber, $80.2B on DoorDash, and $16.1B on Lyft
Lyft and DoorDash just reported their first years with net profits. Instacart is likely next. — For a long time …
Sources detail Sam Altman and Elon Musk's disintegrating relationship and how Altman secretly worked around Musk to blindside him with the Stargate announcement
On the first full day of the second Trump presidency, Elon Musk was in the White House complex when he got word that his nemesis …
Industry executives say US crypto miners are facing delays in receiving new equipment from Bitmain and other Chinese suppliers amid heightened customs scrutiny
- Bitmain rakes in billions of dollars from mining machine sales — The Beijing-based company is also a leading AI chip developer
In an AMA, Steve Huffman says Reddit is planning to roll out paid subreddits in 2025 and is “laying the foundation” to monetize commerce within subreddits
https://arstechnica.com/... Forums: r/RDDT : AM(A)A Video: Reddit's Q4 2024 Earnings r/Futurology : Reddit will lock some content behind a paywall this year, CEO says | How will Reddit generate conte...
Sources: SoftBank-backed eFishery, Indonesia's high-profile agritech startup, cuts over 1,000 jobs, or ~90% of its workforce, and weighs a potential liquidation
- Indonesia's high-profile agritech startup cuts over 1,000 jobs — Company unraveling after allegedly faking most of its revenue
Meta announces Project Waterworth, a subsea cable project that will span over 50,000 km and connect five continents
Ingrid Lunden / TechCrunch :
Zelle's payment volume crossed $1T in 2024, the most ever for a P2P platform, user base jumped 12% YoY to 151M accounts, and the total dollars sent grew 27% YoY
Some doing the same item 20x per week. — Rampant LinkedIn: Mike Cahill : Our tremendous growth is reshaping the future of money! With Zelle® payments exceeding $1 trillion in 2025, I'm excited to b...
Filing: Trump Media reports 2024 revenue down 12% YoY to $3.6M and a $400M net loss, up from $58.2M in 2023; the company has a $6.6B market cap
PART I Item 1. Business Unless the context otherwise requires … Sean Burch / The Wrap : Trump Media Files Intent to Find ‘Mergers & Acquisitions Across Multiple Industries’ Dan Primack / Axios : Trum...
Uber sues DoorDash, accusing it of anticompetitive practices like coercing restaurants to exclusively work with DoorDash for parts of their delivery business
Heather Haddon / Wall Street Journal :
How crypto companies like Coinbase co-opted legitimate concerns about “debanking” to fight regulation, threatening to derail meaningful progress on the issue
and Congress is buying it. https://www.citationneeded.news/ ...
Google deactivates an Android feature that crowdsources device sensor data to provide earthquake warnings in Brazil after mistakenly sending notifications
Taylor Kerns / Android Police :
Identity security startup SGNL, which lets enterprises enforce policies in real-time for privileged access to systems, raised a $30M Series A led by Brightmind
Ingrid Lunden / TechCrunch :
Sources: humanoid robot startup Figure is in talks to raise $1.5B led by Align Ventures and Parkway VC at a $39.5B valuation, up from $2.6B in February 2024
Bloomberg :
Sources: Lightspeed, whose bets include Wiz, Anthropic, and Stripe, returned $8B from current and active funds in the past five years, with $3B+ coming in 2024
I've got my hands on slides from Lightspeed's $7 billion fundraising effort — Lightspeed Venture Partners …
Sources: Spotify hopes to launch a Music Pro tier in 2025, a $6/month add-on that will include higher-quality audio, early access to concert tickets, and more
Lucas Shaw / Bloomberg :
DOGE's Tom Krause, the US Treasury's new Fiscal Assistant Secretary, is still the CEO of Cloud Software Group; critics say it may be a conflict of interest
“...bosses are simultaneously running private companies while also running parts of the government that affect their businesses.” — By @telliotter.bsky.social Tim Marchman / @timmarchman : GRINDSET/...
Kadrey v. Meta: Meta paused some AI-related book licensing efforts in April 2023 after contacting publishers and seeing “slow uptake” and logistical setbacks
Kyle Wiggers / TechCrunch :
Fal.ai, a Turkish startup specializing in AI-generated media for enterprise use, raised a $49M Series B led by Notable Capital, taking its total funding to $72M
Lucy Adams / Tech.eu :
Filing: Anthropic asks a court to nix a DOJ remedy that would block Google from investing in AI startups, saying it would harm Anthropic and the competition
Leah Nylen / Bloomberg :
DeepSeek's rise has turned the spotlight on its hometown, Hangzhou, the capital of the Zhejiang province, which has earmarked ~$13.7B to fund tech companies
Lauren Faith Lau / Bloomberg :
The AI Action Summit in Paris was all about investment and competition as the Trump administration made even a token acknowledgment of AI safety unacceptable
OpenAI, Meta, Anthropic, and more are clear on the need for consideration of “safety” as we develop AI. Musk seems fine with SkyNet. [embedded post]
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