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Wed Mar 25
Q&A with New Mexico AG Raúl Torrez about the New Mexico and LA social media trials, Big Tech's "Big Tobacco" moment, what it means for Congress, and more (Tyler Katzenberger/Politico)
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Source: Thrive Holdings has landed $1B in commitments for a new fundraising deal and is considering raising at least another $1B after strong investor interest (Bloomberg)
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A US judge grants Anthropic's request for a preliminary injunction in its suit against the Trump administration over the DOD's decision to blacklist the company (Ashley Capoot/CNBC)
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In an interview, David Sacks says he has relinquished his role as AI and crypto czar after using up his time as a special government employee (Bloomberg)
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Sources: Anthropic executives have discussed an IPO as soon as Q4, and bankers vying to take the company public expect it to raise more than $60B (The Information)
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OpenAI has surpassed $100M in annualized revenue from ChatGPT ads, has expanded to 600+ advertisers, and plans to launch self-serve advertiser access in April (Stephanie Palazzolo/The Information)
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Google releases new tools for its Gemini AI assistant that let users upload chat history and context from other AI apps, making it easier to switch from them (Natalie Lung/Bloomberg)
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Apple discontinues the Mac Pro and says it has no plans to offer future Mac Pro hardware (Chance Miller/9to5Mac)
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Sources: Apple granted out-of-cycle bonuses worth several hundred thousand dollars to iPhone hardware designers, as OpenAI and others poach its engineers (Mark Gurman/Bloomberg)
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X limits X Pro access to subscribers of the $40/month Premium+ plan without notifying users in advance; it was previously available in the $8/month Premium plan (Juli Clover/MacRumors)
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Xona, which aims to build a commercial alternative to GPS by launching a low-Earth orbit satellite constellation, raised a $170M Series C (Sandra Erwin/SpaceNews)
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Meta plans to increase its investment in a data center in El Paso, Texas, to more than $10B, a significant rise from the initial $1.5B commitment (Riley Griffin/Bloomberg)
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Netflix raises US prices following a January 2025 hike; standard with ads rises $1 to $8.99/month; standard with no ads and premium rise $2 to $19.99 and $26.99 (Todd Spangler/Variety)
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