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Techmeme
August 20, 2024, 12:50 PM
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Top News

Wall Street Journal:
PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-2009  —  Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets
Bloomberg:
Chinese-made, Tencent-backed game Black Myth: Wukong became Steam's second most popular title ever within hours of its launch, gaining 2.1M+ concurrent players  —  - The made-in-China blockbuster surpasses Cyberpunk play record  — Monkey King epic on track to set records for concurrent gamers
Connor Jones / The Register:
Cisco Talos says eight vulnerabilities in Microsoft's macOS apps could be abused by attackers to record video and sound from a device, log user input, and more  —  Windows giant tells Cisco Talos it isn't fixing them  —  Cisco Talos says eight vulnerabilities in Microsoft's macOS apps …
Associated Press:
Ex-Autonomy CEO Mike Lynch, who was acquitted on US fraud charges in June 2024, is among six missing after a superyacht sank off Sicily, per Italian authorities  —  A luxury superyacht carrying foreign tourists capsized and sank off the Italian island of Sicily in bad weather early Monday.
Reuters:
Stephen Chamberlain, who faced the same charges as Mike Lynch over Autonomy's sale, died after a road accident, per his lawyer, days before Lynch went missing  —  Stephen Chamberlain, once Mike Lynch's co-defendant in the U.S. fraud trial over the sale of Autonomy to Hewlett-Packard …
Perry Stein / Washington Post:
The FBI, ODNI, and CISA say they are “confident” that Iran was responsible for recent attempted hacks into the Trump and Biden-Harris presidential campaigns  —  In a joint statement with intelligence agencies, the bureau said the attempted hacks also were directed at the Democratic campaign.
Sankalp Phartiyal / Bloomberg:
Sources: Apple plans to make the most expensive iPhone models in India for the first time, as Foxconn rushes to produce iPhone 16 Pro and 16 Pro Max in India  —  - Plan shows Apple making further progress with India assembly  — Company is shifting output to India to diversify beyond China
Daniel Tencer / Music Business Worldwide:
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit  —  The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation …
Kirsten Korosec / TechCrunch:
Waymo co-CEO Tekedra Mawakana says Waymo is now giving 100K+ paid robotaxi rides every week in LA, San Francisco, and Phoenix, a few months after passing 50K+  —  Waymo disclosed Tuesday it's now giving more than 100,000 paid robotaxi rides every week across its three main commercial markets in Los Angeles, San Francisco, and Phoenix.
CNBC:
Waymo unveils its cheaper “generation 6” self-driving tech that's integrated with Geely Zeekr vehicles, with 13 cameras and 4 lidar sensors, down from 29 and 5
Nick Robins-Early / The Guardian:
Donald Trump shared AI-generated images on Truth Social that show Taylor Swift and her fans vowing their support for his campaign; Swift hasn't endorsed Trump  —  Presidential nominee shares AI-generated images, contributing to spread of online election disinformation
Kamil Kowalcze / Bloomberg:
TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant and set to create 11K European jobs; the EU approves Germany's €5B subsidy  —  - Taiwanese firm begins work on its first European chip plant  — German subsidies will cover about half of the fab's costs

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This is a Techmeme archive page. It shows how the site appeared at 12:50 PM ET, August 20, 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

Deadline:
Nexstar closed down 13% on Monday after a US judge issued a temporary restraining order Friday evening blocking the company's $6.2B merger with Tegna

Georg Szalai / The Hollywood Reporter:
Ampere Analysis: global streaming subscription revenue grew 14% YoY in 2025 to $157.1B, up from $63B in 2020; including ad revenue, streaming revenue hit $177B

Wall Street Journal:
Sources: Netflix wants to expand its NFL game package from two to four games, seeking the new Thanksgiving Eve game and an international game

More News

Ryan Smith / AnandTech:
Qualcomm details its mid-range Snapdragon 7s Gen 3 SoC, based on TSMC's N4P, promising 40% better GPU performance than its 7s Gen 2, shipping via Xiaomi first

Earlier Picks

Jaspreet Singh / Reuters:
Palo Alto Networks reports Q4 revenue up 12% YoY to $2.19B, vs. $2.16B est., projects its FY 2025 earnings above est., and ups its share buyback by $500M to $1B
Kyle Wiggers / TechCrunch:
Gemini Live is not too useful as a paid feature as it lacks many integrations that text-based Gemini supports and cannot yet interpret images or real-time video
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
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