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December 27, 2023, 1:00 AM
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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).
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 …
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.
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
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  —  Antitrust curbs to require tech giants to allow third-party app platforms and billing  —  Google and Apple both require apps …
The Information:
Sources: Reddit expects 2023 ad revenue to grow 20%+ YoY to slightly over $800M; a source says Reddit was not profitable through the first nine months of 2023  —  If the market for initial public offerings recovers in the new year, one company that aims to go public early on is Reddit.
Becky Peterson / The Information:
Filing: xAI incorporates as a for-profit benefit corporation, allowing it to prioritize having a positive impact on society over its obligations to shareholders  —  Elon Musk's artificial intelligence startup, xAI, is following in the footsteps of rivals OpenAI and Anthropic in opting for an unusual corporate structure.
Threads: @carnage4life.  Bluesky: @stephaniequilao.bsky.social.  X: @jamesrbuk and @amir
Lawrence Abrams / BleepingComputer:
GTA V's source code appears to have been leaked on Discord, Telegram, a dark website, and other places, a little over a year after hackers breached Rockstar  —  The source code for Grand Theft Auto 5 was reportedly leaked on Christmas Eve, a little over a year after the Lapsus$ threat actors …
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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This is a Techmeme archive page. It shows how the site appeared at 1:00 AM ET, December 27, 2023.

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From Mediagazer

New York Times:
Sources: Sony Pictures and Apollo Global formally express interest in acquiring Paramount for ~$26B; Paramount's negotiating period with Skydance ends May 3

Lucas Shaw / Bloomberg:
Sources: the NBA is close to signing deals that would pay the league ~$76B over 11 years, including $2.6B and $1.8B a year from Disney and Amazon, respectively

Sohee Kim / Bloomberg:
Indonesia's Vidio, a local streaming competitor to Netflix, aims to double its paid subscribers to 8M in the next two to three years ahead of an IPO

More News

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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