Techmeme
November 15, 2024, 6:30 PM

Top News

Yifan Yu / Nikkei Asia:
Biden admin finalizes its $6.6B CHIPS Act grant to TSMC; money will be disbursed in stages and TSMC is expected to receive at least $1B by the end of 2024  —  LIMA, Peru — The Biden administration has finalized its $6.6 billion CHIPS Act grant to Taiwan Semiconductor Manufacturing Co. …
Kyle Wiggers / TechCrunch:
In his amended lawsuit against OpenAI, Musk names new defendants including Microsoft, Reid Hoffman, and ex-OpenAI board member and Microsoft VP Dee Templeton  —  Musk's lawsuit against OpenAI accusing the company of abandoning its nonprofit mission was withdrawn in July, only to be revived in August.
Shakeel Hashim / Transformer:
Financial Times:
Sources: xAI raised $5B at a $45B valuation, almost double its valuation a few months ago; SpaceX prepares a tender offer that would value the company at $250B+  —  Billionaire's rocket builder plots huge share sale while AI start-up closes in on $5bn funding round
Decrypt:
Eighteen GOP state AGs sue the SEC and its commissioners, including Gary Gensler, alleging crypto regulatory overreach without Congressional authorization  —  Ahead of an expected regulatory leadership transition following the election of Donald Trump, 18 states have filed suit against the Securities …
Emma Roth / The Verge:
Mark Zuckerberg says Threads is testing custom feeds for certain profiles or topics; the Threads' version seems easier to use than Bluesky's custom feeds  —  Threads is testing a way to create custom feeds for certain profiles or topics, Meta CEO Mark Zuckerberg announced on Friday.
Luc Cohen / Reuters:
A senior SDNY prosecutor says the office will devote fewer resources to policing crypto crimes after securing several major convictions, including that of SBF  —  The U.S. Attorney's Office in Manhattan will devote fewer resources to policing cryptocurrency crimes after securing several major convictions …
Jay Peters / The Verge:
Bluesky says it has “no intention” of taking user content to train AI tools, ahead of X implementing new terms of service that let it train AI on user content  —  ‘We do not use any of your content to train generative AI, and have no intention of doing so.’
Radio Free Europe/Radio Liberty:
Apple removes RFE/RL's Svoboda app from the Russian App Store at the demand of Roskomnadzor; Apple also removed recent podcasts by Ekho Moskvy and others  —  U.S. technology giant Apple has notified RFE/RL that it has removed several of its apps following a request from Russia's media regulator, Roskomnadzor.
Ruxandra Iordache / CNBC:
Alibaba reports Q2 revenue up 5% YoY to ~$32.4B, below ~$32.7B est., and net income up 58% YoY to ~$6.07B due to the performance of its equity investments  —  Chinese e-commerce behemoth Alibaba on Friday beat profit expectations in its September quarter, but sales fell short as sluggishness …
Jibin Joseph / PCMag:
UK mobile operator Virgin Media O2 creates Daisy, an AI-generated “scambaiter” tool that mimics the voice of an elderly woman to waste scammers' time  —  After a survey found that 71% of Brits want revenge on scammers, mobile operator O2 deploys Daisy, an AI tool that keeps fraudsters on the line to waste their time.
David Shepardson / Reuters:
The US DOJ says Cruise admits to submitting a false report to influence an investigation into an October 2023 crash with a pedestrian and will pay a $500K fine  —  General Motors' (GM.N) self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence …

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Earlier Picks

Emma Roth / The Verge:
Sabrina Willmer / Bloomberg:
Michael Kan / PCMag:
Kyle Wiggers / TechCrunch:
David Pierce / The Verge: