Techmeme: Substack, which still isn't profitable but has added 1M+ paid subscribers over the past year, is trying to become a primary way creators of all mediums get paid (Max Tani/Semafor)

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October 7, 2024, 11:50 AM

Top News

Mark Gurman / Bloomberg:

Sources: Apple aims to debut iOS 18.1 and Apple Intelligence on October 28 and unveil a new iPad mini and Macs in late October; some could ship from November 1 — Apple is inching away from its annual product upgrade cycle, a move that could lead to more frequent releases and fewer jarring delays.

More: MacRumors, Business Standard, Tech Advisor, 9to5Mac, HotHardware, Macworld, CNBC, 9to5Mac, MobileSyrup, TechSpot, Engadget, Pocket-lint, TweakTown, Digital Trends, 9to5Mac, MakeUseOf, BGR, AppleInsider, The Shortcut, Android Headlines, Business Today, nextpit, T3, Laptop Mag, Financial Express, Tom's Guide, TechRadar, Tabletmonkeys, RM Update News, Hindustan Times, Livemint, MySmartPrice, Neowin, The Indian Express, Appleosophy, Mashable, Lowyat.NET, Android Authority, Moneycontrol, Wccftech, Phandroid, The Mac Observer, KnowTechie, PCMag, Cult of Mac, MacDailyNews, NewsBytes, PhoneArena, The Apple Post, Forbes, Thurrott, 9to5Toys, The Verge, iClarified, and iPhone in Canada Blog

Mastodon: @chockenberry@mastodon.social and @djlink@mastodon.gamedev.place

X: @markgurman, @markgurman, @emollick, @emollick, @theapplehub, @betaprofiles, and @markgurman

Forums: r/hardware, r/technology, r/apple, r/ios, and MacRumors Forums

Greg Stohr / Bloomberg:

SCOTUS rejects X's appeal over Special Counsel Jack Smith's secret DOJ search warrant for records related to Donald Trump's account and upholds a $350K fine — The US Supreme Court turned away an appeal by Elon Musk's X Corp., steering clear of a clash over a secret Justice Department search warrant …

More: disruptionist, CBS News, Associated Press, USA Today, Daily Caller News Foundation, CNN, and The Hill

Philip Heijmans / Bloomberg:

UN report: cyber crime syndicates raked in as much as $37B in 2023 and are growing in Myanmar, Cambodia, Laos, and across Southeast Asia despite police efforts — - Operations are becoming more professionalized with use of AI — Casinos, hotels and SEZs being used by cyber crime groups

More: Reuters, PYMNTS.com, Business Today, PCMag, WinBuzzer, PhoneArena, and Tech in Asia

Frederic Lardinois / TechCrunch:

An interview with AWS CEO Matt Garman on generative AI, AWS' AI chatbot Q, shutting down services, investing in open source, open sourcing projects, and more — It was quite a surprise when Adam Selipsky stepped down as the CEO of Amazon's AWS cloud computing unit.

More: Watcher Guru, TechRadar, and Benzinga. LinkedIn: Frederic Lardinois

John Foley / Financial Times:

Among US companies founded in the past 20 years, only Meta and Uber have become “scale insurgent”, with $10B in annual revenue and $1B of operating cash flow — More companies are reaching the $1bn valuation milestone, but growing from horned foal to winged steed is getting tougher

More: Crunchbase News. X: @jessefelder and @natalieben

Max Tani / Semafor:

Substack, which still isn't profitable but has added 1M+ paid subscribers over the past year, is trying to become a primary way creators of all mediums get paid — The News — Seven years since its launch, the newsletter platform Substack has consolidated its dominance of the independent news business.

More: Feed Me and Business Insider

Bluesky: @plutopsyche.nicomaramckay.com. X: @semaforben, @semafor, and @emily_sundberg. LinkedIn: Jason Whittaker

Reuters:

Samsung says it is not interested in spinning off its contract chip manufacturing business; sources say it has struggled to win big orders to fill chip capacity — Samsung Electronics (005930.KS) is not interested in spinning off its contract chip manufacturing business …

More: Neowin, WinBuzzer, and SamMobile

Forums: r/Android and r/hardware

Stu Woo / Wall Street Journal:

How Malaysia's Johor went from a backwater to having one of the world's biggest AI data center construction projects, with an estimated ~$3.8B invested in 2024 — Blackstone and TikTok's parent are among those investing in data centers in Malaysia's Johor, known for palm-oil plantations

Olesia Safronova / Bloomberg:

Ukraine says the country's hackers carried out a cyberattack that took down the online broadcasts of 20+ Russian broadcasters on Vladimir Putin's 72nd birthday — - Russian state media reported ‘unprecedented’ cyberattack — Disruption coincided with Russian president's 72nd birthday

More: The Record, Security Affairs, Reuters, HuffPost, GB News, and Interfax-Ukraine

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From Mediagazer

Michael Calderone / New York Magazine:

Q&A with Stars and Stripes EIC Erik Slavin on his firing, the DOD referring even innocuous questions to higher commands under the Trump administration, and more

Sebastian Stafford-Bloor / The Athletic:

Soccer player Jamie Vardy's YouTube channel, owned and produced by Banijay, will broadcast seven of Germany's Bundesliga games live during the 2026-2027 season

Alex Weprin / The Hollywood Reporter:

Ina Garten, former host of Food Network's Barefoot Contessa, is launching a podcast, Happy Hour, on YouTube; Vox Media is handling marketing and distribution

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More News

New York Times:

How Chinese e-commerce companies like Pinduoduo pushing to lower prices are making China's deflation worse; HSBC says ~60% of Chinese consumers use e-commerce

X: @michaelxpettis and @michaelxpettis

Sylvia Pfeifer / Financial Times:

Dealroom: US VCs provided 65% of VC money for European defense startups in 2024, up from 18% in 2023, for $458M total YTD, or 3x+ more than in any prior year

X: @elenlazarou and @pluralplatform

Financial Times:

A look at the fall of Byju's, India's most valuable startup in 2022 at an estimated $22B, as the edtech startup faces insolvency and Indian and US lawsuits

Justine Calma / The Verge:

Amazon, Microsoft, and Google are increasingly eyeing nuclear reactors, which provide steady “baseload” power, as their carbon emissions climb due to AI tools

More: Finbold, WinBuzzer, Financial Times, and OilPrice.com

Wall Street Journal:

A profile of UK teenage hacker Arion Kurtaj, a Lapsus$ member who leaked GTA VI videos in 2022 and was found guilty in 2023 of hacking Nvidia, Uber, and others

Forums: Hacker News

Reuters:

Some US ride-hailing drivers are using Teslas with FSD as makeshift robotaxis, saying FSD lets them work longer hours by reducing stress, amid safety concerns

More: Forbes, Disconnect, CNBC, Bloomberg, The Rideshare Guy, TechInsights Inc., Motley Fool, Carscoops, and Yahoo Finance

X: @abhiruproy30 and @abhiruproy30. LinkedIn: Philip Koopman

Earlier Picks

Isabel Hilton / Yale E360:

Taiwan, which is highly dependent on imported fossil fuels, is struggling to meet its chip industry's energy demands; TSMC uses ~9% of Taiwan's electricity

More: DatacenterDynamics, Business Insider, and TrendForce News

X: @wired, @yalee360, @yalee360, @yalee360, @isabelhilton, and @yalee360

Anton Shilov / Tom's Hardware:

Amkor and TSMC sign an MOU to collaborate on advanced chip packaging for AI, HPC, PC, and mobile processors at Amkor's planned $1.6B facility in Peoria, Arizona

More: eeNews Europe, Tim Culpan's Position, The Fast Mode, Amkor Technology, iLounge, AppleInsider, DigiTimes, Nikkei Asia, Wccftech, The Register, RCR Wireless News, Computerworld, MacRumors, insideHPC, Taipei Times, Wccftech, iClarified, and DigiTimes

Wall Street Journal:

eMarketer expects Google's share of the US search ad market to drop below 50% in 2025 for the first time in 10+ years, as Amazon, Apple, and others make gains

More: Financial Times, Yahoo Finance, TipRanks Financial, Motley Fool, WinBuzzer, Radio Free Mobile, Search Engine Roundtable, and The Express Tribune

Mastodon: @carnage4life@mas.to and @jeffjarvis@mastodon.social

X: @eric_seufert, @pkedrosky, @ashkan, @aepstein_, @bwertz, and @aravsrinivas

LinkedIn: David Wiener and Jordan Steiner

Forums: r/technology and r/wallstreetbets