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November 8, 2024, 3:25 PM
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Top News

Forbes:
AI startup founders and VCs hope that a Trump administration will lead to lighter regulations and the return of real acquisitions, not “contorted” ones  —  Practitioners expect more acquisitions and less oversight in a Trump administration expected to repeal Biden's executive order.
Alexandra S. Levine / Bloomberg:
Some TikTok staff and users see Trump as a possible savior from the ban; others question whether Trump even cares about the app now that the campaign is over  —  Trump has signaled he's against a possible ban of the viral video-sharing app  —  Some TikTok staff and creators …
Elizabeth Dwoskin / Washington Post:
With Elon Musk's ascension in Trump's orbit, tech leaders on the right hope to steer the second Trump administration, bringing a startup ethos to the government  —  With Elon Musk's ascension in Trump-world, tech leaders on the right see an opportunity to bring a start-up ethos to the federal government.
Igor Bonifacic / Engadget:
Pocketpair says Nintendo and Pokémon Company are seeking ~$65K in damages in their lawsuit and lists the three patents the studio is accused of infringing  —  No, Nintendo probably isn't going easy on the studio.  —  Nintendo and the Pokémon Company are seeking approximately $65,700 …
Financial Times:
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday  —  World's biggest contract chipmaker acts to ensure it is in line with US restrictions on Chinese access to latest processors
Ming-Chi Kuo:
Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier  —  Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026:  —  1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025
Andrew Cunningham / Ars Technica:
Apple has added a High Power performance mode, previously reserved for its Max chips, to the M4 Pro in both the Mac mini and in the new MacBook Pro  —  First Mac mini redesign in almost 15 years highlights how good the insides are. … The Mac mini will celebrate its 20th birthday in January.
Mark Hachman / PCWorld:
Mercury Research: AMD's desktop CPU market share, in units, grew from 19.2% in Q3 2023 to 28.7% in Q3 2024 and from 19.5% to 22.3% for mobile in the same period  —  AMD's desktop CPU market share jumped nearly 10 percent in the last year, an analyst reported Thursday, on the heels …
MacKenzie Sigalos / CNBC:
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income  —  WATCH NOW  —  Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
Aoyon Ashraf / CoinDesk:
Block says it is investing less in music streaming app Tidal and winding down decentralized “Web5” venture TBD to focus on its bitcoin mining rigs and wallet
Sebastian Sinclair / Decrypt:
Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so  —  Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.
Bloomberg:
Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago  —  - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5  — Image sensor business was hurt by demand lull in North America
Reuters:
Sources: Trump's transition team is considering Dan Gallagher, a former SEC commissioner and Robinhood's current legal chief, to replace SEC chair Gary Gensler  —  Trump transition team officials are considering retail brokerage Robinhood's top lawyer, as well as bank regulators and corporate attorneys …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:25 PM ET, November 8, 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

Todd Spangler / Variety:
Sony Pictures Entertainment and Sony Music Entertainment (Japan) agree to buy WildBrain's 41% stake in Peanuts Holdings for ~$457M, raising Sony's stake to 80%

Wall Street Journal:
Sources: Axel Springer has considered buying about a dozen media businesses in the US, including TED Conferences, TechCrunch, the 1440 newsletter, and more

George Winslow / TV Tech:
The National Association of Broadcasters launches a campaign to support live sports on free broadcast channels as more big games move to streaming services

More News

Blake Brittain / Reuters:
A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm
Anissa Gardizy / The Information:
Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs
Sarah Perez / TechCrunch:
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages

Earlier Picks

Ari Levy / CNBC:
AppLovin shares close up 46% after the company reported Q3 revenue up 39% YoY to $1.2B, vs. $1.13B est., and issued guidance well above est.; APP is up 519% YTD
Tom Warren / The Verge:
Nvidia plans to add a 100-hour monthly cap for new Performance and Ultimate GeForce Now users from January 1 to avoid raising prices “in the foreseeable future”
Emma Roth / The Verge:
Microsoft starts rolling out AI-powered text editing feature Rewrite in Notepad, and Generative Fill and Generative Erase features in Paint to Windows Insiders
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