|
August 5, 2024, 11:40 AM
|
Mediagazer
memeorandum
WeSmirchTop News
| Tanaya Macheel / CNBC: |
Bitcoin dropped below ~$50,000, its lowest level since February 2024 and down 17% since August 3, and ether dropped 15% to ~$2,300, as global markets plummet — Cryptocurrencies tumbled amid a global market sell-off spurred by recession fears. — The price of bitcoin sank more than 14% …
More: Reuters, CoinShares Research Blog, Decrypt, DL News, New York Times, Watcher Guru, The Block, The Block, CryptoSlate, New York Times, Decrypt, CNBC, New York Times, Wall Street Journal, Bloomberg, Bloomberg, Bloomberg, NewsBTC, BusinessLIVE, CCN.com, Financial Times, and Reuters
X: @justinsuntron, @jonwu_, @smtuffy, @peruvian_bull, @tolstoybb, @thestalwart, @thestalwart, @levie, @loopifyyy, @deitaone, @birdyword, @thestalwart, @iwriteok, @thestalwart, @naiivememe, @intocryptoverse, and @buccocapital
Forums: r/worldnews, r/business, and r/neoliberal
| Aditya Soni / Reuters: |
Apple, Nvidia, Alphabet, Amazon, Meta, and Microsoft stocks led a tech stock sell-off amid US recession fears; AAPL drops 5%, NVDA drops 7%+, and MSFT drops 3%+ — Apple (AAPL.O) and Nvidia (NVDA.O) led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway's … | Financial Times: |
Investor letter: Elliott Management says megacap tech stocks, particularly Nvidia, were in “bubble land”, and AI is “overhyped” and “not ready for prime time” — Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’
More: Proactive, Finbold, Mobile World Live, Electronics Weekly, Semafor, and Investing.com
| Cade Metz / New York Times: |
Elon Musk revives his OpenAI lawsuit, filing a complaint in California to allege that OpenAI, Sam Altman, and Greg Brockman breached OpenAI's founding contract — The Tesla chief executive has renewed claims that the A.I. start-up put profits and commercial interests ahead of the public good.| Anne VanderMey / Bloomberg: |
AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds an Intel executive as COO — Cisco and Samsung invested in the $640 million deal — Artificial intelligence startup Groq Inc. has raised $640 million in new funding …
More: The Information, FinSMEs, Forbes, Reuters, Maginative, The Decoder, TechCrunch, Tech Startups, NewsBytes, Financial Times, Groq, Axios, and VC News Daily
| Evan Gorelick / Bloomberg: |
Analysis: the vast majority of damages from July's CrowdStrike global IT outage will go uninsured; CrowdStrike reported nearly 24K enterprise customers in Q1 — - Insured losses estimated between $300 million and $1.5 billion — The days-long outage took a $5.4 billion toll on Fortune 500| Bloomberg: |
CrowdStrike says Delta CEO Ed Bastian failed to respond to an assistance offer from CEO George Kurtz; CrowdStrike hopes Delta will “agree to work cooperatively” — The allegation, in a letter Sunday from attorneys for the technology firm, builds upon CrowdStrike's claim last week …
More: The Verge, Windows Central, Wall Street Journal, PCMag, Financial Times, Reuters, New York Times, ITPro, Constellation Research, and TechRadar
Forums: Hacker News and r/technews
| Michael Moritz / Financial Times: |
Silicon Valley's Trump supporters are making the same mistake as all powerful people who back authoritarians: they can't control him, and he won't keep promises — The financiers who support him have made the same error as all powerful people who back authoritarians — The writer is senior adviser, Sequoia Heritage
More: New York Times and Werd I/O
X: @sogrady, @teddyschleifer, @mhbergen, @mhbergen, and @wolfejosh
| Berber Jin / Wall Street Journal: |
Investor letter: Josh Kushner says Thrive Capital raised a $1B early-stage fund and a $4B late-stage fund, its largest-ever pair, after backing OpenAI in 2023 — The fundraising reflects optimism over artificial intelligence despite the startup sector's broader struggles
More: The Information and Thrive Capital
X: @akothari, @eglyman, @patrick_oshag, @patrickc, @joshuakushner, and @joshm
| Rachael Levy / Reuters: |
Elon Musk says Neuralink has implanted its device in a second trial patient, who had a spinal cord injury, and 400 of the implant's 1,024 electrodes are working — Neuralink has successfully implanted in a second patient its device designed to give paralyzed patients the ability …
More: Lex Fridman on YouTube, PCMag, Engadget, The Register, PC Gamer, TweakTown, Lex Fridman, Bloomberg, Proactive, Mashable, Notebookcheck, The Independent, Interesting Engineering, Business Today, Wall Street Journal, Cointelegraph, Blue's News, and Business Insider
X: @lexfridman, @lexfridman, and @lexfridman
Forums: r/singularity and Slashdot
| Bloomberg: |
An interview with Mark Zuckerberg on laughing at the memes about him, rebranding Facebook as Meta, learning from the mobile era, Llama, his hobbies, and more — Now in his 40s, Meta's CEO says he's more comfortable in the spotlight but just as focused on breaking his company's reliance on Apple.
More: KnowTechie
| Allie Garfinkle / Fortune: |
Savvy Wealth, a digital wealth management service for financial advisors and clients, raised a $26.5M Series A led by Canvas, taking its total funding to $33M+ — Ritik Malhotra really could have stopped. — In 2021, Malhotra was at Brex, having sold his previous company to the fintech unicorn.Sponsor Posts
Google:
Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life
Try Gemini 3 Pro — Google's newest and most intelligent AI model that helps you bring any idea to life
Shopify:
Shopify: Revolutionizing Commerce with Winter Edition '26 — Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Shopify: Revolutionizing Commerce with Winter Edition '26 — Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Zoho:
Email fatigue is real: Here's how smart email tools help you regain control — Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Email fatigue is real: Here's how smart email tools help you regain control — Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Grit:
How Evan Spiegel Is Building the Future of Computing
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Acquired:
10 Years of Acquired (with Michael Lewis)
Learn the playbooks that built the world's greatest companies - and how you can apply them as a founder, operator, or investor.
Subscribe to Acquired.
Lenny's Podcast:
Why humans are AI's biggest bottleneck (and what's coming in 2026) | Alexander Embiricos (OpenAI Codex Product Lead)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
OpenAI's 2026 Priority, Disney's AI Play, Datacenter Buildout Trouble
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Australia Kicks Kids Off Social Media + Is the A.I. Water Issue Fake? + Hard Fork Wrapped
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Tools and Weapons with Brad Smith:
Ted Sarandos: Netflix and how tech changed storytelling
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, August 5, 2024.
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
Kanis Leung / Associated Press:Brian Steinberg / Variety:
Chris Morris / Variety:
Upcoming Tech Events
More News
| Alex Wickham / Bloomberg: |
More: Politico, The Independent, and HuffPost
| Bart Meijer / Reuters: |
More: PCMag, The Record, Tech Monitor, European Commission, Irish Examiner, 9to5Mac, Associated Press, TNW, Agence France-Presse, TechCrunch, Proactive, Euronews, Euractiv, Invezz, The Stack, Light Reading, Infosecurity, Politico, South China Morning Post, BNN Bloomberg, and Brussels Signal
X: @thierrybreton and @eu_commission
Earlier Picks
| Zach Dorfman / Politico: |
X: @vtchakarova, @zachsdorfman, @zachsdorfman, @zachsdorfman, @bharatkumarindi, @hkanji, @amyshirateitel, and @patcaldwell. Forums: Hacker News
| David Shepardson / Reuters: |
| Nicholas Carlini: |
More: Simon Willison's Weblog. Threads: @tedunderwoodillinois and @sung.kim.mw
X: @peteskomoroch, @mandercorn, @jpohhhh, @reillywood, @edulix, @carnage4life, @bdowney, @tqbf, and @ofirpress. Forums: Hacker News