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August 19, 2024, 7:05 AM
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| Mark Gurman / Bloomberg: |
A look at Apple's work on its in-house modem chip, set to replace Qualcomm's, which may debut in select models in 2025, with the full rollout taking a few years — Apple's move to drop Qualcomm modem chips won't have a payoff at the outset, but it could set the stage for bigger things later.
More: Android Authority, T3, 9to5Mac, TechRadar, Tom's Guide, BGR, Neowin, PCMag, PhoneArena, Gizchina.com, AppleInsider, Patently Apple, Benzinga, iMore, and PC Guide
X: @markgurman, @andyh_england, and @markgurman
| Asa Fitch / Wall Street Journal: |
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025 — ZT Systems produces servers, other equipment used in data centers for artificial intelligence| Anthony Ha / TechCrunch: |
X says it is closing its operations in Brazil, claiming a judge threatened “arrest if we do not comply with his censorship orders”; X still remains available — X, the social media platform formerly known as Twitter, said today that it's ending operations in Brazil …
More: Reuters, TechSpot, Reuters, PhoneArena, Engadget, PCMag, New York Times, Semafor, BBC, Mashable, Capital Brief, Daily Sabah, Business Insider, Associated Press, The Crypto Times, Reclaim The Net, The Hill, Financial Times, Fortune, The Verge, and CoinGape
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Forums: r/brasil, r/conservativeterrorism, r/musked, r/Brazil, r/anime_titties, r/technews, and r/worldnews
| Angus Berwick / Wall Street Journal: |
How Worldcoin is building its World ID identity system, trying to assuage government and privacy activists' concerns about its iris scanning tech and data usage — More than a dozen jurisdictions have either suspended the project's operations or looked into its data processing| George Hammond / Financial Times: |
Carta: 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds raised in the 2021-2022 boom run out — Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms| Gregory Meyer / Financial Times: |
In Q2, Walmart said its ad business grew 30% in the past year; eMarketer says Walmart will claim 6.8% of 2024 US retail media spending, for $3.7B in ad revenue — A high-margin and fast-growing ad business is changing the chain's relationship with brands — Walmart last week reported rising sales …
More: Marketing Dive
| Benedict Evans: |
After Google's antitrust loss, what comes next is not clear, besides the court ordering Google to stop or reduce TAC payments; Apple may build its own search — A search engine is a vast mechanical Turk - a reinforcement learning engine that uses human activity to understand the web.| Matthew Ball / MatthewBall.co: |
Since 2018, Roblox has grown rapidly and consistently and now has an estimated average of 80M+ daily and 380M+ monthly users, over 2x that of Steam or Minecraft — Everyone knows Roblox is huge. But as COVID receded into memory, Roblox shifted from “new” to “familiar,” …
X: @ballmatthew, @ballmatthew, and @timsweeneyepic. LinkedIn: Chris Heatherly
Forums: Hacker News and r/apple
| Financial Times: |
South Korea's plan to introduce tablets with AI features in schools faces backlash from parents and academics concerned about children's overexposure to devices — South Korea's plan to introduce artificial intelligence-powered digital textbooks in schools has provoked a backlash from parents …
More: TechCrunch
| Camilla Hodgson / Financial Times: |
FOI documents: data center water consumption in Virginia, home to the world's largest cluster of data centers, hit 1.85B+ gallons in 2023, up from 1.13B in 2019 — Usage has increased by almost two-thirds since 2019 in the world's largest concentration of computing infrastructure| Tabby Kinder / Financial Times: |
Arize AI: 56% of Fortune 500 companies cited AI as a “risk factor” in their recent annual reports, up from 9% in 2022; 86% of software firms cited AI as a risk — Study finds more than half of Fortune 500 groups cited new technology as a potential hazard in their latest annual reports| Edward Helmore / The Guardian: |
Dating apps are struggling as users seek organic ways to meet; Match Group reported a decline in the total number of paying users for seven straight quarters — Online dating industry in crisis as shares fall and nearly half of all users report negative experiences on the apps
More: Vox and Don Juan in Hell
Bluesky: @chickenpuppet.bsky.social. X: @leashless, @kylascan, @_inpractise, @carnage4life, @aethelwealh, and @pchallinor. Forums: Hacker News
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