Techmeme: Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner's digital performance top 10 (Financial Times)

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September 23, 2024, 7:00 AM

Top News

Sergiu Gatlan / BleepingComputer:

The FBI arrests and charges two people in Miami over a conspiracy to steal and launder 4,100+ BTC, worth $230M+; ZachXBT says they targeted a Genesis creditor — Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services.

More: US Department of Justice, CoinDesk, VICE, NBC News, The Daily Hodl, Originally Reported …, and Bitcoin Insider

X: @zachxbt, @zachxbt, @usao_dc, @silvermanjacob, @zachxbt, @tayvano_, @cometcalls, and @inteledits

Bloomberg:

Sources: Apollo Global Management has offered to make an equity-like investment of as much as $5B in Intel — - Investment firm offered equity-like investment in chipmaker — Move comes as rival Qualcomm makes approach about takeover … The alternative asset manager has indicated …

More: New York Times, Barron's Online, Tech Monitor, Reuters, Benzinga, Business Insider, Investing.com, Verdict, Neowin, Invezz, Business Standard, SiliconANGLE, Wccftech, Evertiq AB, Wall Street Journal, NewsBytes, Daily Sabah, and Inc.com

X: @rngould. Forums: r/hardware and r/wallstreetbets

Financial Times:

Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner's digital performance top 10 — Legacy carmakers have struggled to keep pace as the focus has turned from the engine to computing power

More: CBS News. X: @1br0wn

Mark Gurman / Bloomberg:

Thoughts on Apple's slowing pace of iPhone hardware innovation, a closer look at its Apple Intelligence rollout plans, and iPhone 16 Pro Max first impressions — The new iPhone has tantalizing camera improvements, but the device is emblematic of Apple's slower pace of hardware innovation.

More: 9to5Mac, AppleInsider, T3, Benzinga, MacRumors, TechRadar, Tom's Guide, BGR, Forbes, TechIssuesToday.com, iJustine on YouTube, PhoneArena, AppleInsider, The Mac Observer, Patently Apple, Motley Fool, Cult of Mac, Philip Elmer‑DeWitt, 9to5Mac, Hindustan Times, Business Insider, and Thurrott

Threads: @parkerortolani, @parkermolloy, @joannastern, and @michsoledesign

Mastodon: @khaost@mastodon.tz.is, @louie@pdx.social, and @matt@isfeeling.social

X: @markgurman, @markgurman, @markgurman, @markgurman, @sadlyitsbradley, @markgurman, @markgurman, and @markgurman

Forums: r/iphone and r/apple

Wall Street Journal:

Sources: TSMC and Samsung executives have visited the UAE and are considering building UAE-funded chip factories; TSMC denies any new international expansion — Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain

More: Reuters, Bloomberg, The Decoder, The Korea Herald, CNBC, Benzinga, Asia tech wire, The Verge, Gulf Business, TechNode, Edge Middle East, Barron's Online, SamNews 24, and Sammy Fans

X: @matthew_pines, @dnystedt, @alexbward, and @reziemba. Forums: r/hardware

Ivana Saric / Axios:

An analysis shows that at least 26 US states have passed or are considering bills regulating the use of generative AI in election-related communications — - There have already been instances of generative AI being “used to confuse - and even suppress - voters," Sen. Mark Warner (D-Va.) told Axios in an email.

More: Governor of California, Politico, Washington Post, Associated Press, Politico, and Associated Press. X: @johngramlich

Dan Goodin / Ars Technica:

Law enforcement agencies shut down a phishing-as-a-service platform offered by iServer since 2018 that was used to unlock 1.2M+ stolen or lost mobile phones — iServer provided a simple service for phishing credentials to unlock phones. — A coalition of law-enforcement agencies said it shut …

More: Group-IB, BleepingComputer, The Record, Cybernews.com, CyberScoop, The Cyber Express, HealthcareInfoSecurity.com, Metacurity, SecurityWeek, Forbes, TechRadar, PCMag, The Hacker News, and Security Affairs

X: @groupib and @groupib. LinkedIn: Camill Cebulla

Swati Gupta / Bloomberg:

The US and India announce plans for a new chip plant in India, producing infrared, gallium nitride, and silicon carbide chips, as Narendra Modi visits the US — - Plant to manufacture chips including infrared, gallium nitride — Narendra Modi is visiting the US for the annual Quad summit

More: The White House, Inc42 Media, and YourStory.com. X: @narendramodi

Financial Times:

AI copilots are evolving into AI agents designed to take actions on behalf of users, as business software companies experiment with ways to sell generative AI — Microsoft, Salesforce and Workday latest to centre their plans on ‘AI agents’ as technology advances

More: PYMNTS.com and Christopher S. Penn

Jennifer Epstein / Bloomberg:

In an event that raised $27M, Kamala Harris vowed to help grow investments in “AI and digital assets”, her first comments on crypto as the presidential nominee — - Vice president says she'll encourage ‘innovative technologies’ — Fundraiser at Cipriani Wall Street venue raises $27 million

Kit Chellel / Bloomberg:

A look at Bot Farm Corporation, a Siberia-based operation that raked in millions of dollars by deploying advanced poker-playing AI across gambling sites — # How a card-playing # Siberian AI outsmarted # the world's brightest — # researchers and # raked in millions

More: The Overspill, Bloomberg Podcasts on YouTube, Longreads, and Poker.org

X: @alephblog, @andy_bloch, @jeremy_keehn, @kitchellel, @alexscott72o, @oldscooljay, @business, @pokercapone, @jasonteam651, and @kwansfull

Forums: r/technews, r/singularity, r/poker, and r/technology

Phuong Nguyen / Reuters:

Samsung plans to invest $1.8B to build a factory in northern Vietnam to make OLED displays for cars and tech equipment; Samsung has invested $22.4B in Vietnam — South Korean electronic manufacturer Samsung Display Co plans to invest $1.8 billion for a factory this year in northern Vietnam …

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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

Joe Sonka / Louisville Public Media:

McClatchy enacts deep, nationwide layoffs, including at the Lexington Herald-Leader, Miami Herald, Kansas City Star, Charlotte Observer, and Idaho Statesman

New York Times:

California Gov. Gavin Newsom signs a bill that prohibits social media platforms from offering addictive features to users under 16, the first such law in the US

Abid Rahman / The Hollywood Reporter:

Jimmy Kimmel says his interview with Democratic Senate candidate James Talarico had to stream on YouTube, skipping broadcast TV, due to ABC's fight with the FCC

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More News

Aditya Kalra / Reuters:

Sources: Xiaomi asked India to recall its report that found the company and Walmart's Flipkart breached competition laws, saying it contains commercial secrets

More: Business Today, The Economic Times, Benzinga, Inc42 Media, Tech in Asia, and Bloomberg

Jemima Kelly / Financial Times:

Similarweb: daily X users in the UK fell from 8M in May 2023 to 5.6M now, with 33%+ of the fall coming after the summer riots; US DAUs fell by ~20% in that time

Berber Jin / Wall Street Journal:

A profile of Alexandr Wang, CEO of Scale AI, which has 100K+ data labeling contractors, as he looks to expand to higher-margin AI tools to sustain growth

X: @natolambert, @morqon, @william_fitz, @garybasin, and @deliprao

Morgan Meaker / Wired:

A profile of French billionaire Xavier Niel, a driving force of French AI and ByteDance's newest board member, who believes Europe should pursue homegrown AI

More: Sifted. Bluesky: @jeczjan.bsky.social

Lionel Barber / Financial Times:

A profile of SoftBank's Masayoshi Son, who transformed the Japanese tech conglomerate into a global investment group and is criticized for high-risk investments

More: Semafor and TechCrunch

Threads: @librarian.capital and @daveleebbg. X: @lionelbarber

Victoria Song / The Verge:

With the Ray-Ban Meta smart glasses, which can easily slot into people's lives, Meta has exceeded expectations in a year when many AI gadgets flopped

More: acecomments.mu.nu, TechRadar, and Howie Town

Threads: @deesaxvr, @sashzabegalin, and @joshuanguyen. Instagram: iHeartRadio. Mastodon: @phfox@tech.lgbt. X: @mylesdyer. LinkedIn: Gennaro Cuofano

Washington Post:

Inside Equinix's 114,300-square-foot data center in Northern Virginia, a region that is home to the largest concentration of data centers in the world

More: Washington Post and Blue Virginia

X: @washingtonpost, @postgraphics, @washpostpr, and @equinix

LinkedIn: My Truong and Christopher Kimm

Earlier Picks

Umar Shakir / The Verge:

What to expect from the Meta Connect 2024 keynote on September 25 at 1pm ET: new AI features powered by Llama 3.1, the cheaper Quest 3S headset, and more

More: UploadVR, Laptop Mag, The Indian Express, ZDNET, Notebookcheck, Engadget, Laptop Mag, Gizmodo, Wired, TechRadar, and Mashable

Threads: @dessy_ocean, @neolithicvrgame, @dilmerv, @reneses, and @arschleicher

X: @nathievr, @lunayian, @nanea, @lunayian, @lunayian, @nimazeighami, and @thecaptainspain

Dan Milmo / The Guardian:

Google says the UK risks being “left behind” in the AI race without more data centers and should relax laws barring AI models being trained on copyrighted works

More: Silicon Republic, Oxford Insights, Google, The Keyword, and The Keyword

X: @hugocguerra, @justine_roberts, and @parismarx

LinkedIn: Gareth Stokes and Debbie W.

Gabriel Gatehouse / BBC:

A look at Balaji Srinivasan's Network State concept, which envisions online communities acquiring land via crowdfunding, with the goal of becoming new countries

More: The Nerd Reich. Mastodon: @futtta@mastodon.social and @denny@boing.world

X: @behemothsl21538, @sf_mills, @reetspetit, @rossanori, @steve_e, @dobbiehend98975, @sf_mills, @joeandthescot, @p_kolbenschlag, @sf_mills, @nancywilling1, @bryan_barton, @gilduran76, and @enefftea_crypto

Forums: Hacker News, r/BetterOffline, r/behindthebastards, and r/WeirdGOP

Bloomberg:

Sources: The US Commerce Department plans to reveal proposed rules that would ban Chinese and Russian smart car hardware and software as soon as September 23

More: Reuters, Android Headlines, Business Today, The Information, PYMNTS.com, Capital Brief, and Reuters

X: @jasjohalbc. Forums: r/Sino, r/neoliberal, r/FFIE, r/ADVChina, and r/MVIS

Anthony Ha / TechCrunch:

At the UN Summit of the Future, Sundar Pichai says Google is creating a $120M fund to give AI education globally, calls for “smart product regulation”, and more

Brody Ford / Bloomberg:

Memo: Zoom plans to cut back on stock-based compensation, saying equity has been issued at a rate that is “not sustainable”, joining peers like Salesforce

X: @altcap, @brodyford_, and @carnage4life

LinkedIn: Lacey Donahue and Daniel Zhao