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Techmeme
September 20, 2024, 8:40 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.
More: Constellation, Washington Post, CNBC, The Verge, Ars Technica, Engadget, The Guardian, TechCrunch, Axios, CNN, Reuters, GovTech, Wall Street Journal, How-To Geek, PC Gamer, The Times, Los Angeles Times, Reason, Android Headlines, New York Times, Cryptopolitan, Fox Business, Interesting Engineering, The Register, TweakTown, Heatmap News, SiliconANGLE, Technical.ly, BetaNews, Pennsylvania Capital-Star, NPR, UPI, Maginative, Telegraph, Washington Examiner, Barron's Online, Newser, WHYY, Cautious Optimism, The Next Platform, NBC News, The Decoder, Quartz, International Business Times, Utility Dive, DatacenterDynamics, Neowin, Blaze Media, Futurism, Baltimore Business Journal, Tom's Hardware, Fortune, HotAir, IJR, Breitbart, ZeroHedge News, Gizmodo, The Daily Beast, CBS News, Fast Company, Constellation Research, WHTM-TV, WPMT, Business Insider, Tech Xplore, and Associated Press
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LinkedIn: Christopher Stephens, Jerrold Vincent, Robert Ong, Ville Tulkki, Peter Steiner, and Serge Tismen
Forums: r/technews, r/Economics, r/economy, r/environment, and r/politics
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 …
Olena Harmash / Reuters:
Ukraine bans the use of Telegram on official devices used by state officials, military personnel, and critical workers over fears of Russian spying  —  Ukraine has banned use of the Telegram messaging app on official devices used by state officials, military personnel and critical workers …
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* …
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
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.
Leah Nylen / Bloomberg:
The judge overseeing the Google ad trial calls Google's testimony that it faces “fierce competition” from the likes of Microsoft and Meta “highly questionable”  —  - Search giant starts defense in antitrust ad tech lawsuit  — Justice Department alleges company monopolized several markets

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:40 PM ET, September 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

Salon:
Salon, launched in 1995 to cover politics, culture, and more, says it is closing: “business realities of independent digital journalism have changed profoundly”

A.J. Katz / The Wrap:
LIV Golf is shutting down after five years and over $5B in Saudi backing, ending its efforts to build a TV audience on Fox and, before that, The CW

Matthew Keys / TheDesk.net:
Nexstar reports Q3 net income up 285% YoY to $250M and net revenue up 78% YoY to $2.1B, as Q3 political ads brought in $317M; results include Tegna numbers

More News

FinTech Global:
Akur8, which uses AI to automate the generation of insurance pricing models, raised a $120M Series C led by One Peak, bringing its total raised to $180M
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
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
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
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

Earlier Picks

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
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
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
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