Techmeme
November 26, 2024, 5:05 PM

Top News

Thomas Gryta / Wall Street Journal:
The US awards Intel up to $7.865B under the CHIPS Act to help build or expand chip plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024  —  Government grant is less than originally expected because the chip giant is also receiving separate funding for defense
Jason Koebler / 404 Media:
X files an objection to including X accounts belonging or related to Infowars in the outlet's bankruptcy auction, arguing it has ownership of all X accounts  —  “X CORP. OWNS THE X ACCOUNTS.”  —  On Monday, X filed an objection in The Onion's bid to buy InfoWars out of bankruptcy.
Foo Yun Chee / Reuters:
Google proposes Search tweaks in the EU to comply with the DMA, including removing the map showing hotel locations and results in Germany, Belgium, and Estonia  —  Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic …
New York Times:
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship the “smartest” Mate phone, as it continues to face US chip curbs  —  Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market.  Now it is rolling out its newest phone, the Mate 70 series.
Gian Volpicelli / Bloomberg:
Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations  —  Bluesky said it's working to comply with European Union rules after the bloc accused the fast-growing social media platform of flouting its digital regulations.
Casey Newton / Platformer:
Bill Donahue / Billboard:
Drake initiates legal action against UMG and Spotify for allegedly using bots, payola, and more to pump Kendrick Lamar's Not Like Us, a track that attacks Drake  —  In a legal petition, the star's company accuses UMG of serious wrongdoing — a stunning twist months after his high-profile feud with Kendrick.
Sara Fischer / Axios:
Meta says Threads had 35M new signups since November 1 and is now going on three months of 1M+ million signups per day; Threads had 275M+ MAUs in Q3 2024  —  - Bluesky said last week it now has more than 20 million users. … - According to the new data, another 20 million new signups have been added in the past 11 days.
Bloomberg:
Sources: Xiaomi prepares a self-designed chip for its smartphones, to reduce its reliance on Qualcomm and MediaTek, with mass production set to begin in 2025  —  - Chinese firm is said to use in-house chips on 2025 phones  — Xiaomi's smartphone, EV businesses needs steady chip supply
Shirin Ghaffary / Bloomberg:
/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation  —  The company is looking to build an operating system to support a new crop of artificial intelligence products.
Connor Hart / Wall Street Journal:
CrowdStrike reports Q3 revenue up 29% YoY to $1.01B, vs. $982.8M est., a $16.8M loss, compared to a $26.7M profit a year earlier, and raises its FY 2025 outlook  —  Cybersecurity company were dragged down by expected headwinds following one of the worst computer outages ever
Brody Ford / Bloomberg:
HP reports Q4 revenue up 1.7% YoY to $14.1B, Personal Systems revenue up 2% to $9.59B vs. $9.74B est., forecasts Q1 profit below est.; HPQ drops 7%+ after hours  —  HP Inc. gave an outlook for profit in the current quarter that fell short of estimates, suggesting a setback …

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Earlier Picks

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Jordan Novet / CNBC:
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Stephen Nellis / Reuters: