| Ashley Carman / Bloomberg: |
Sources: Apple plans to give added weighting to streams of songs mixed in Dolby Atmos from 2024, possibly leading to higher royalties, to push Spatial Audio — - Service will more heavily weigh songs offered in Dolby Atmos — Push could encourage more music labels to adopt the format| Cade Metz / New York Times: |
Paris-based Mistral AI raised €385M from a16z, Lightspeed, and others, sources say at a ~$2B valuation, and releases its open-source La plateforme model — The company has publicly released its latest technology so people can build their own chatbots. Rivals like OpenAI and Google argue that approach can be dangerous.| Randy Nelson / data.ai: |
TikTok reaches $10B in gross revenue, including $3.84B in 2023 so far, $3.32B in 2022, and $1.72B in 2021, the fifth mobile app and the first non-game to do so — The short video social phenomenon has added nearly $4 billion this year alone, and it's all from virtual coins used to purchase gifts for the platform's content creators.| Olivia Poh / Bloomberg: |
TikTok plans to invest $1.5B in a joint venture with GoTo, aiming to comply with regulations in Indonesia so that TikTok can restart its shopping service there — - Chinese firm will combine its shopping business with GoTo unit — TikTok has used Indonesia as template for global shopping push| Washington Post: |
US officials: China is ramping up its ability to disrupt key US infrastructure; 2023 victims include a Hawaii water utility, a West Coast port, and a pipeline — A utility in Hawaii, a West Coast port and a pipeline are among the victims in the past year, officials say| Jackie Davalos / Bloomberg: |
Microsoft partners with 60 unions representing 12.5M workers for “an open dialogue” on AI's impact on workers, and signs a ZeniMax staff contract on AI use — Microsoft Corp. is teaming up with labor unions to create “an open dialogue” on how artificial intelligence will impact workers.| Ingrid Lunden / TechCrunch: |
London-based SumUp, which offers payments and other financial services to ~4M SMBs, raised €285M at a valuation higher than its $8.5B valuation in June 2022 — SumUp — the fintech that provides payments and related services to some 4 million small businesses in Europe … | Ana Swanson / New York Times: |
The US awards the first CHIPS Act grant to BAE Systems, giving the defense contractor $35M to boost production of chips used in F-15 and F-35 fighter jets — The award, which will go to BAE Systems, is part of a new government program aimed at creating a more secure supply of semiconductors.| Financial Times: |
A look at the race among chip giants to make 2nm chips, as Samsung and Intel identify the next leap in chip manufacturing as a chance to close the gap with TSMC — TSMC, Samsung and Intel battle to create ‘2 nanometre’ chips in moves that will shape the future of $500bn industry| Sara Dorn / Forbes: |
In a 2+ hour talk on X with Alex Jones, Andrew Tate, Jack Posobiec, and others, Elon Musk said X should avoid outright bans unless users “do something illegal” — Elon Musk and conspiracy theorist Alex Jones, newly reinstated to X after a five-year ban, launched a live-streamed chat … | Associated Press: |
| Quynh Nguyen / Bloomberg: |
Vietnamese media reports Nvidia CEO Jensen Huang sees Vietnam as a potential second home for the Silicon Valley company and plans to open a design center there — Huang, speaking at a Hanoi semiconductor and artificial intelligence conference hosted by a Vietnam ministry Monday … | Bloomberg: |
Sources: starting on December 13, Biden's team plans to meet companies, labor advocates, and experts to talk global data flows to avoid internet “balkanization” — - White House undertaking review after US change in trade policy — Contentious debate underway as business groups apply pressure| Wall Street Journal: |
New York, IBM, Micron, and others plan to invest $10B in a chip research facility at the University at Albany, set to buy ASML's advanced chip-making equipment — Planned facility to include advanced chip-making equipment made by ASML — New York state is joining chip companies …
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| Emily Nicolle / Bloomberg: |
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