Techmeme
November 13, 2024, 4:55 PM

Top News

Ramish Zafar / Wccftech:
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023's end  —  According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce.
Taylor Herzlich / New York Post:
Source: the FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning  —  The FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning — just a week after the election-betting platform successfully predicted President-elect Donald Trump's win, The Post has learned.
Jody Godoy / Reuters:
A US judge rules that Meta must face trial in a US FTC lawsuit seeking its breakup over claims that it acquired Instagram and WhatsApp to crush its competitors  —  Facebook owner Meta Platforms (META.O) must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims …
Bloomberg:
Sources: OpenAI, Google, and Anthropic are seeing diminishing returns from costly efforts to build new AI models; a new Gemini model is missing internal targets  —  Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.
Theodore Schleifer / New York Times:
Sources detail Elon Musk's role in Trump's transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more  —  He's on the patio.  He's on the golf course.  Everywhere Donald Trump looks, there is the world's richest man.
Eric Beech / Reuters:
More: Donald J. Trump on Truth Social, Wired, Gizmodo, New York Post, PolitiFact, Fortune, The Hill, The Block, Megyn Kelly, Observer, NewsNation, Futurism, Inside Bitcoins, Barron's Online, CBS News, The Guardian, Washington Post, Business Insider, Cybernews.com, Mashable, The Indian Express, Quartz, The Independent, Forbes, Blockchain News …, The Floridian, Alternet.org, Sandra Rose, Blockhead, Axios, Know Your Meme, Redmond Pie, Le Monde, CNBC, Cryptopolitan, Cointelegraph, CryptoSlate, Nairametrics, Coinspeaker, Silicon Republic, Washington Post, Variety, The Verge, Deadline, Mediaite, Fox News, Axios, CNN, Financial Times, and Associated Press
Forums: r/law, r/elonmusk, and r/politics
Annie Palmer / CNBC:
Amazon debuts Amazon Haul, a storefront in its app offering “crazy low prices” on a range of items, with free shipping on $25+ orders, to take on Temu and Shein  —  Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20 …
Callie Holtermann / New York Times:
Bluesky says it gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and crossed 15M users; Bluesky had 6M users in August  —  With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.
Charles Daly / Bloomberg:
Klarna files for a US IPO; analysts put Klarna's implied valuation at ~$14.6B in October 2024 after shareholder Chrysalis upped the value of its stake to ~$154M  —  Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation …
Dina Bass / Bloomberg:
Lauren Forristal / TechCrunch:
Google announces new features for the Fitbit Ace LTE, its smartwatch for kids, including family group chats, messaging for siblings, and a new mini-game  —  Fitbit's Ace LTE, the smartwatch designed for ages 7+, is introducing new features to help families stay connected and get active together.
Michael Nuñez / VentureBeat:
Google DeepMind releases AlphaFold 3's source code and model weights for academic use, which could accelerate scientific discovery and drug development  —  Google DeepMind has unexpectedly released the source code and model weights of AlphaFold 3 for academic use, marking a significant advance …
Emma Roth / The Verge:
YouTube is testing a feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts using text prompts to change elements  —  YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts.
Bloomberg:
How gambling apps are indebting Brazilians, after legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors  —  The boom shocked policy makers who are now scrambling to control it  —  At the headquarters of the United Nations …
Jamie Crawley / CoinDesk:
Toronto-based Zero Gravity Labs, which is building a decentralized AI operating system, raised a $40M seed and secured a $250M “token purchase commitment”  —  The seed round included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon and Animoca Brands

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