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September 20, 2024, 6:20 PM
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Top News

Wall Street Journal:
Sources: Qualcomm made a takeover approach to Intel in recent days, but a deal is far from certain; Intel's market cap is ~$93B and Qualcomm's is ~$188B  —  A deal for Intel would be massive and come at a time when the chip maker is sputtering.
Bloomberg:
Constellation Energy plans to invest $1.6B to revive the Three Mile Island nuclear plant in Pennsylvania and sell all the output to Microsoft for data centers  —  Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
Jonathan Stempel / Reuters:
Filing: the US SEC says it intends to seek sanctions against Elon Musk for failing to appear for scheduled testimony for a probe into his $44B Twitter takeover  —  The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear …
Timothy B Lee / Understanding AI:
OpenAI's o1 models are dramatically better at reasoning than previous LLMs, but they struggle with spatial reasoning and are far from human-level intelligence  —  It's not easy to stump OpenAI's new o1 models. … You might remember around Thanksgiving last year when news broke about Q* …
Bloomberg:
A profile of Xbox President Sarah Bond, who helped mollify the UK CMA's concerns about the Activision acquisition and is leading the Xbox unit's transformation  —  A relative outsider, Sarah Bond is leading a high-stakes transformation of a company that's lagging behind Sony and Nintendo.
George Hammond / Financial Times:
Sources: Thrive Capital has already provided $1B+ to OpenAI as part of the $6.5B round; OpenAI's existing backers a16z and Sequoia Capital are not participating  —  Venture groups believe ChatGPT-maker will eventually be the world's dominant AI company and worth trillions of dollars
Allie Garfinkle / Fortune:
Google Ventures CEO David Krane on GV's first 15 years, operating independently from Alphabet, early investments in Nest and Uber, generative AI, and more  —  One of the first things David Krane and I do is look at some weird sculptures.  —  Walking through Google's Mountain View …
Tom Warren / The Verge:
Microsoft overhauls the Fluent design illustrations used across its products and services, shifting towards playful, 3D designs that bring back skeuomorphism  —  Microsoft is overhauling the illustrations it uses throughout its products and services to make them less flat and more playful and interesting.
Vishal Chawla / The Block:
Singapore-based crypto exchange BingX suffered a security hack on its hot wallet, resulting in a “minor” loss; PeckShield: the loss was $43M in cryptocurrencies  —  - BingX suffered an apparent security exploit on its hot wallet.  — Security analysts at PeckShield estimated …

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This is a Techmeme archive page. It shows how the site appeared at 6:20 PM ET, September 20, 2024.

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From Mediagazer

Samuel Stolton / Bloomberg:
The EU is reviewing Paramount's WBD takeover under the Foreign Subsidies Regulation, probing involvement of Middle Eastern funds; a decision is due by July 14

Reuters:
Sources: Nick Bilton hired TV production consultant Kelly Funke, to help manage his 60 Minutes transition, and a 24-year-old operations manager, Nick De Lucca

Ted Johnson / Deadline:
WSJ asks a judge to toss out Trump's revised defamation lawsuit over its Jeffrey Epstein letter story, saying it is a “re-package” of claims already dismissed

More News

Manish Singh / TechCrunch:
Indian edtech startup Physics Wallah raised a $210M Series B led by hedge fund Hornbill Capital at a $2.8B valuation, up from a $1.1B valuation in June 2022
David Kirton / Reuters:
Huawei's $2,800 Mate XT trifold phone goes on sale in China, amid analysts' supply concerns; IDC: preorders surpassed 6.5M, versus ~3.9M foldables shipped in Q2
Julia King / Fierce Network:
Nvidia launches AI Aerial, which integrates AI into radio access network tech and could allow telcos to run third-party AI apps at the network's edge
Ethan Gach / Kotaku:
Sources: Concord's game director steps down, as Firewalk, the studio behind the PlayStation flop, is left in limbo, with some staffers expecting mass layoffs

Earlier Picks

Robbie Whelan / Wall Street Journal:
Memo: Disney plans to stop using Slack in most units by the end of 2024, after a hacking group leaked 1TB+ of its data, including 44M Slack messages, in July
Lorenzo Franceschi-Bicchierai / TechCrunch:
macOS 15 Sequoia appears to have broken security tools made by CrowdStrike, SentinelOne, Microsoft, and others; CrowdStrike had to delay support for Sequoia
Jess Weatherbed / The Verge:
Google unveils Password Manager PIN to let Chrome users sync passkeys across Windows, macOS, Linux, ChromeOS, and Android devices, with iOS support coming soon
Bloomberg:
Brazil's Supreme Court orders X to reimpose a block or face a ~$920K daily fine after an update made X accessible; X says service restoration was “inadvertent”
CNBC:
Amazon launches Amelia, an AI tool designed to help third-party sellers resolve account issues and fetch sales and inventory data, in beta for select US sellers
Cecilia Kang / New York Times:
A US FTC report on the data practices of Meta, YouTube, TikTok, and six other companies finds “vast surveillance” of consumers to monetize their information
Jay Peters / The Verge:
Nintendo and The Pokémon Company sue Palworld developer Pocketpair for allegedly infringing “multiple patent rights”; Palworld sold 5M+ copies in January 2024
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