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November 13, 2024, 6:35 PM
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| 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.
More: Axios, The Block, Decrypt, CoinDesk, Wall Street Journal, Bloomberg, Reuters, Cointelegraph, CoinJournal, CryptoSlate, Daily Mail, Cryptopolitan, CoinGape, Crypto Briefing, and crypto.news
X: @news_of_alpha, @packym, @shaunmmaguire, @banks, @pronounced_kyle, @danprimack, @jseyff, @micsolana, @cobratate, @spreekaway, @shayne_coplan, @autismcapital, @dogetoshi, @ryansadams, @0xmerp, @zck, @joshuaogundu, @ericbalchunas, @dogetoshi, @mhonkasalo, and @functi0nzer0
Forums: Hacker News, r/Buttcoin, and r/Conservative
| 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 … | The Information: |
Sources: Instagram's ad unit plans to launch ads on Threads in early 2025; Meta's public statements imply any ad rollout for Threads next year will be slow — Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app's rapid growth …
More: PYMNTS.com, 9to5Mac, The Verge, Engadget, The Wrap, Social Media Today, Reuters, and iPhone in Canada Blog. Forums: Slashdot
| 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.
More: Windows Central, MacRumors, BGR, Proactive, PetaPixel, TechCrunch, The Information, and WinBuzzer
Mastodon: @carnage4life@mas.to. X: @emostaque, @chehendriksen, @mobileraj, @rachelmetz, @joshm, @paulroetzer, @modestproposal1, @psychosort, @binarybits, @basedjensen, @btibor91, @morqon, @emostaque, @swyx, @kimmonismus, @stevenheidel, @jzl86, and @chetanp
Forums: r/OpenAI and MacRumors Forums
| Bloomberg: |
Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January — The new software, codenamed “Operator,” is set to be released in January. — OpenAI is preparing to launch a new artificial intelligence agent codenamed …
More: TechCrunch, SiliconANGLE, The Verge, The Information, Tom's Guide, eWeek, and Quartz
X: @haydenfield and @shiringhaffary
Forums: r/singularity and Slashdot
| Jackie Davalos / Bloomberg: |
In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more — - The startup called for a ‘North American Compact on AI’ — OpenAI said US must backstop, streamline AI infrastructure
More: Washington Post, FedScoop, SiliconANGLE, The Information, and CNBC
| 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 …
More: About Amazon, Android Police, Gizmodo, How-To Geek, The Information, MediaPost, Investor's Business Daily, Watcher Guru, TechRadar, Forbes, UPI, GSMArena.com, Proactive, Associated Press, Axios, Cybernews.com, Retail Dive, Reuters, TechCrunch, Bloomberg, PCMag, Semafor, CBS News, CNET, Fortune, GeekWire, BGR, Tech Startups, Android Authority, ZDNET, Chain Store Age, The Verge, Benzinga, Quartz, and Engadget
LinkedIn: Miya Knights, Dharmesh Mehta, and Margaux Logan
| 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 …
More: Klarna US, PitchBook, Reuters, Financial Times, CNBC, The Information, Payments Dive, Cautious Optimism, Sifted, Crowdfund Insider, Tech Funding News, Tech Startups, The Paypers, The Guardian, BusinessLIVE, PYMNTS.com, Business Insider, Finextra, and Financial Express
X: @jordanhmckee, @alys_key, and @maxkarpis
| Krystal Hu / Reuters: |
CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation — AI cloud startup CoreWeave said on Wednesday it has closed a $650 million minority investment led by Jane Street, Magnetar …
More: CRN, NBC10 Philadelphia, CoreWeave, and PitchBook
| Ian King / Bloomberg: |
Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B estimated, net income down 25% to $2.7B, and forecasts Q2 revenue above estimates — - Investors give tepid reaction to company's earnings report — Cisco has been working to recover from yearlong slump
More: Investor's Business Daily, Cisco, Reuters, Proactive, MarketWatch, Constellation Research, Benzinga, CNBC, and Barron's Online. X: @thetranscript_
| 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.
More: NBC News, Gizmodo, The Wrap, New Yorker, New Jersey Online, and Washingtonian
Threads: @pkafka. Mastodon: @dangillmor@mastodon.social. X: @divestech, @willchamberlain, @dashaburns, @meridithmcgraw, @lawindsor, @teddyschleifer, @silvermanjacob, @silvermanjacob, and @mattinthemittel
Forums: r/politics and r/politics
| Dina Bass / Bloomberg: |
An interview with Microsoft Gaming CEO Phil Spencer, who won't rule out more Xbox games on other consoles, says an Xbox handheld is “a few years out”, and more — Phil Spencer is planning how to enter and partner in the handheld device and mobile-store markets
More: Game File, Video Games Chronicle, CNET, IGN, How-To Geek, Game Developer, Windows Central, Kotaku, KitGuru, Digital Trends, Push Square, Android Headlines, MobileSyrup, Destructoid, Android Authority, Engadget, ExtremeTech, PC Gamer, TechRaptor, Pure Xbox, Cryptopolitan, Wccftech, Gameranx, TheGamer, Tom's Hardware, TechPowerUp, XboxEra, Game Rant, Dexerto, iPhone in Canada Blog, TweakTown, Forbes, VideoGamer, PCWorld, TrueAchievements, My Nintendo News, Metro.co.uk, Neowin, The Sun, The Shortcut, PlayStation LifeStyle, Mobilegamer.biz, Screen Rant, GamesIndustry.biz, PocketGamer.biz, and Eurogamer.net
X: @jasonschreier, @dinabass, and @tomwarren
Forums: r/xbox, r/socialism, r/PS5, r/NintendoSwitch, and r/Games
| 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.
More: The Keyword, MakeUseOf, Phone Scoop, Android Police, Android Central, Techopedia, How-To Geek, Android Authority, CNET, 9to5Google, PhoneArena, and Neowin
| 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.
More: NBC News, The Verge, Spyglass, Engadget, TechCrunch, The Daily Beast, Inc, Associated Press, CNBC, Fox News, Daily Mail, The Wrap, The Gateway Pundit, Entrepreneur, Slate, HotAir, iPhone in Canada Blog, Thurrott, The Week, ZDNET, Garbage Day, PCWorld, and The Guardian
Bluesky: @mcuban.bsky.social, @kantrowitz.bsky.social, @mikeisaac.bsky.social, @karaswisher.bsky.social, @jaz.bsky.social, @emilyliu.me, @mmasnick.bsky.social, @bsky.app, @sarahjeong.bsky.social, and @nihilscio.bsky.social
X: @emollick, @mikeisaac, @mikeisaac, @bluesky, @arictoler, @mikeisaac, and @semaforben. LinkedIn: Dana Thomas
| Emma Roth / The Verge: |
Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Italy, Spain, and other EU countries — As Google continues to navigate its relationship with publishers, regulators, and news readers, the company is starting a pretty drastic test …
More: The Keyword, 9to5Google, Engadget, Android Headlines, and Android Central. Bluesky: @martinsfp.bsky.social
| 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 …
More: Google DeepMind on GitHub, Nature, CCN.com, Science, The Decoder, The Rundown AI, Wall Street Pit, ExtremeTech, MarkTechPost, Maginative, Analytics India Magazine, and The Researcher Daily
X: @pushmeet, @maxjaderberg, @paulynamagana, @ddelalamo, and @officiallogank. LinkedIn: Juan Castillo
| 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
More: The Block, Decrypt, SiliconANGLE, and Cointelegraph
| Zheping Huang / Bloomberg: |
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong — - Net income for the September quarter beat analyst estimates — Tencent kicks off a busy earnings season for China tech| 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 …
X: @jdorosario, @_night_brain__, @ezraklein, @lpolgreen, @lucas_shaw, @otis_reid, @thestalwart, and @pkafka. Forums: r/neoliberal
| Ingrid Lunden / TechCrunch: |
DeepL, which was valued at $2B in May 2024, debuts DeepL Voice to give users real-time text translations of others speaking in one of 13 different languages — DeepL has made a name for itself with online text translation it claims is more nuanced and precise than services from the likes of Google … | Sergiu Gatlan / BleepingComputer: |
FBI and CISA: Chinese hackers breached multiple US telecom companies, compromising the “private communications” of US officials and stealing customer call data — CISA and the FBI confirmed that Chinese hackers compromised the “private communications” of a “limited number” … | Anne Steele / Wall Street Journal: |
Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January, to let Premium subscribers view podcast videos without ads — Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads| 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.| Suzanne Smalley / The Record: |
How Italy became an unexpected spyware hub, going under the radar by specializing in cheaper tools, as authorities carry out thousands of operations since 2021 — In April 2022, about four months after Kazakhstan's government violently cracked down on nationwide protests … | Anissa Gardizy / The Information: |
Sources: execs at xAI's rivals were alarmed by how fast the startup set up the 100K GPU cluster Colossus; a source says Sam Altman argued with Microsoft over it — On a sunny day last month, a propeller plane made multiple passes in the air over a large industrial building surrounded … Sponsor Posts
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