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December 26, 2023, 9:50 PM
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Top News

Blake Brittain / Reuters:
The Biden admin declines to veto the US ITC's Apple Watch Series 9 and Ultra 2 import ban over Masimo's patents; Apple asks appeals court to pause the ban  —  Apple filed an appeal on Tuesday of a decision to ban imports of Apple (AAPL.O) Watches based on a complaint from medical monitoring …
Steven Scheer / Reuters:
Israel agrees to give Intel a $3.2B grant for a $25B chip plant that the company plans to build in Kiryat Gat, set to open in 2028 and operate through 2035  —  Israel's government agreed to give Intel Corp (INTC.O) a $3.2 billion grant for new $25 billion chip plant it plans to build in southern Israel, both sides said on Tuesday.
Mayank Parmar / Windows Latest:
Microsoft launches Microsoft Copilot for Android, a free ChatGPT-like app that supports GPT-4 and DALL-E 3; sources say an iOS version should arrive soon  —  Microsoft Copilot's ChatGPT-like app has finally arrived on Android, nearly two weeks after the tech giant announced its web version (copilot.microsoft.com).
Mark Gurman / Bloomberg:
Sources: outgoing Apple exec Tang Tan to join Jony Ive's LoveFrom to work on AI hardware products; Sam Altman to provide software underpinnings for the project  —  - Design executive Tang Tan is set to leave Apple in February  — Tan will join Ive's LoveFrom design studio, work on AI project
Yueqi Yang / Bloomberg:
Filing: Grayscale Investments, which runs the world's largest BTC trust, says Barry Silbert resigned as chair, succeeded by Mark Shifke, and doesn't explain why  —  Grayscale Investments, operator of the world's largest cryptocurrency trust, said Barry Silbert has resigned as chairman and will be succeeded by Mark Shifke.
The Information:
Sources: Reddit expects 2023 ad revenue to grow 20%+ YoY to slightly over $800M; a source says Reddit was not profitable through the first nine months of 2023  —  If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit.
The Information:
Sources: Anthropic projects $850M+ in annualized revenue by the end of 2024, or ~$70M/mo, an increase of more than 8x from its monthly revenue around Sept. 2023  —  Anthropic, an OpenAI rival backed by Amazon and Google, has projected it will generate more than $850 million in annualized revenue …
Lawrence Abrams / BleepingComputer:
GTA V's source code appears to have been leaked on Discord, Telegram, a dark website, and other places, a little over a year after hackers breached Rockstar  —  The source code for Grand Theft Auto 5 was reportedly leaked on Christmas Eve, a little over a year after the Lapsus$ threat actors …
Becky Peterson / The Information:
Filing: xAI incorporates as a for-profit benefit corporation, allowing it to prioritize having a positive impact on society over its obligations to shareholders  —  Elon Musk's artificial intelligence startup, xAI, is following in the footsteps of rivals OpenAI and Anthropic in opting for an unusual corporate structure.
Threads: @carnage4life.  Bluesky: @stephaniequilao.bsky.social.  X: @jamesrbuk and @amir
Bloomberg:
Samsung delays mass production at its $17B fab in Taylor, Texas, without specifying a start date; TSMC also postponed production at its new Arizona fab, to 2025  —  - TSMC has also postponed production at Arizona fab to 2025  — US chip ambition is plagued by permit and subsidy issues
New York Times:
A legal dispute about a BTC mine in a Texas town of 281 reveals how Chinese nationals use Tether to move money to the US without drawing authorities' attention  —  A legal dispute in a tiny Texas town unexpectedly reveals how Chinese nationals can move money to the U.S. without drawing the attention of authorities in either country.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:50 PM ET, December 26, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Ben Dummett / Wall Street Journal:
Axel Springer agrees to buy the Telegraph for £575M, ending the proposed acquisition by the DMGT, and plans to “turbocharge” the Telegraph's presence in the US

Mikeie Honda Reiland / Nashville Banner:
A reporter for Nashville Noticias, Estefany Rodríguez, has been detained and is being sent to an ICE center in Louisiana; she had reported on ICE previously

Alex Weprin / The Hollywood Reporter:
SEC filing: Byron Allen buys a 10.7% stake in Starz for $25M from investment fund Liberty 77, led by former Treasury Secretary Steve Mnuchin

More News

Nikkei Asia:
Sources: Japan is preparing regulations requiring Apple, Google, and others to allow third-party app stores and payment systems on their mobile platforms
Amanda Hoover / Wired:
Experts detail how Facebook Marketplace users get scammed; Meta plans to add a notification system that may help users identify “scams around payment apps”

Earlier Picks

Jennifer Elias / CNBC:
After vocal commitments following George Floyd's murder in 2020, DEI programs at Big Tech companies, including Meta and Google, were in broad retreat in 2023
Omar Sohail / Wccftech:
Kuo: Apple is expected to ship an estimated ~500K Apple Vision Pro units in 2024; the headset will most likely start shipping in late January or early February
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