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November 24, 2024, 6:55 PM
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Mark Gurman / Bloomberg:
Thoughts on Apple TV's history and future; sources: Apple postponed a larger-than-usual number of iOS 19 features to spring 2026, when iOS 19.4 is set to debut  —  Apple doesn't need its own TV set.  But it should make a low-cost TV streaming stick to bring its content, apps and smart home features to more households.
Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake; Cantor holds most of Tether's $134B in assets  —  Before becoming Trump's commerce secretary pick, Lutnick deepened Cantor's ties with a stablecoin firm under investigation
Bloomberg:
Sources: Cantor Fitzgerald plans a $2B+ program to lend USD to clients who put up BTC as collateral and is talking with Tether about supporting the program  —  - Lutnick set to be next commerce secretary under Trump  —  Howard Lutnick is moving to strengthen his alliance with one of the most important …
Aya Wagatsuma / Bloomberg:
Shares of Japan's Fujikura, which specializes in fiber optic cables for data centers, are up 400%+ in 2024 due to the AI boom, leading the Nikkei 225 index  —  - Fujikura has benefited from surging demand for data centers  —  The global boom in AI has turned an obscure 139-year-old Japanese company into a stock-market star.
David Pan / Bloomberg:
A profile of Chris Maurice, the CEO of US stablecoin startup Yellow Card, which operates in 20 African countries and has traded $3B+ worth of crypto in 2024  —  Cryptocurrencies that track the dollar are becoming a popular workaround for companies stymied by currency shortages on the continent.
Steven Overly / Politico:
Q&A with US Commerce Secretary Gina Raimondo on what happens to the $50B CHIPS program under the Trump administration, the future of AI safety, China, and more  —  With a massive legacy program hanging in the balance, the Commerce secretary wants to get billions in microchip money out the door in the next two months.
Benedict Evans:
An overview of macro tech trends for 2025, focusing on generative AI, LLMs, scaling challenges with training ever bigger AI models, the capex surge, and more  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  For 2025, ‘AI eats the world’.
Hugh Son / CNBC:
Users of banking startups like Yotta detail losing $7,000 to $200K+ in savings due to fintech middleman Synapse's collapse, after US regulators declined to act  —  For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.
Financial Times:
Similarweb: Bluesky app usage in the US and UK grew ~300% to 3.5M DAUs after Nov. 5; Threads now has 1.5x Bluesky's DAUs in the US, down from 5x before Nov. 5  —  Social media giant's Threads app makes changes as smaller competitor to X surges  —  Meta's Threads is losing ground …
Christine Lemmer-Webber / Dustycloud Brainstorms:
ActivityPub co-author on Bluesky and ATProto being neither decentralized nor federated, and how Bluesky is building a good X replacement with a “credible exit”
Sam McKeith / Reuters:
Australia drops plans to fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online  —  Australia's government said on Sunday it had dropped plans to fine internet platforms up to 5% of their global revenue for failing to prevent the spread of misinformation online.

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From Mediagazer

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Lucas Manfredi / The Wrap:
WBD reports Q2 revenue down 11% YoY to $8.72B, below $9.21B est., net income down 91%, ad revenue down 22%, content revenue down 26%, streaming revenue up 10%

Lillian Rizzo / CNBC:
Versant reports Q2 revenue down 4% to $1.64B, above $1.62B est., ad revenue down 1%, platforms revenue up 1%, and raises its 2026 guidance; VSNT jumps 11%+

More News

Earlier Picks

Isabelle Bousquette / Wall Street Journal:
Six months into a deal with OpenAI, Spanish bank BBVA says staff created 2,900+ GPTs and reported productivity gains, but questions ChatGPT's scalability
New York Times:
Sources: the US government launched an investigation into the Salt Typhoon hack after Microsoft alerted it, Verizon, AT&T, and other companies about anomalies
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