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November 27, 2024, 5:35 PM
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Wall Street Journal:
Sources: Elon Musk's xAI plans to debut a consumer app as soon as December; the startup built its Colossus data center, which uses 100K Nvidia GPUs, in 122 days  —  The Tesla CEO is racing to make xAI, which launched after its competitors, the world's most advanced AI company
Financial Times:
Sources: Elon Musk has given investors who backed his $44B Twitter acquisition 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation
CNBC:
Sources: OpenAI is letting current and former staff sell ~$1.5B worth of RSUs until December 24 in a tender offer to SoftBank, a deal spurred by Masayoshi Son  —  OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.
Reuters:
Samsung names Jun Young-hyun as its co-CEO as well as head of its memory chip business and appoints Han Jin-man as president and head of its foundry business  —  Samsung Electronics (005930.KS) on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix …
Bailey Lipschultz / Bloomberg:
Chinese self-driving company Pony.AI raised $413.4M in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap  —  - IPO priced at top of marketed range raised $260 million  — Firm also agreed private placements worth $153.4 million
Bojan Pancevski / Wall Street Journal:
Sources: investigators suspect Chinese ship Yi Peng 3 dragged its anchor for 100+ miles to sever two Baltic internet cables, possibly at the behest of Russia  —  NATO warships surround Yi Peng 3, a Chinese bulk carrier at the center of an international probe into suspected sabotage
Arjun Kharpal / CNBC:
Huawei's HarmonyOS NEXT in the Mate 70, 70 Pro, 70 Pro+, and X6 is its first fully self-developed mobile OS that reportedly doesn't use open-source Android code  —  Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company's latest self-developed operating system …
Paul Triolo / American Affairs Journal:
A look at the evolution of China's chip industry and Huawei under US export controls, as GPUs have become the new focal point of US-China tech competition
Kelcee Griffis / Bloomberg:
T-Mobile's CSO says “suspicious behavior, discovery-type commands” on the company's network devices tipped it off to the suspected Salt Typhoon-linked breach  —  - Carrier says the unauthorized activity resembled Salt Typhoon  — Companies trying to work together to avert further hacks
Alex Stedman / IGN:
Sony says it has sold 160M+ PlayStation 2 units globally since its 2000 launch, the highest-selling console of all time, followed by the Nintendo DS and Switch  —  It's the highest-selling console of all time.  —  In honor of the PlayStation's 30th anniversary, Sony has launched …
Sarah Perez / TechCrunch:
Meta appears to be developing a Threads feature inspired by Bluesky's “starter packs”, with profiles “handpicked by people on Threads” for users to follow  —  Hoping to quell some of the momentum behind social network Bluesky, a competitor to X and Meta's Threads …
Bloomberg:
Sources: Trump's team interviewed Paul Atkins, a former SEC commissioner and strong proponent of crypto and fintech companies, as a candidate to lead the SEC  —  - Atkins is a proponent of crypto and fintech companies  — Uyeda, Tarbert and Stebbins have also been in contention
Les Pounder / Tom's Hardware:
Raspberry Pi Compute Module 5 review: the new $45+ module is a compact Pi 5 with more power than a CM4, but whose cooling fan doesn't work with a passive cooler  —  The Raspberry Pi 5 now in a Compute Module 4 sized package  —  Tom's Hardware Verdict
Samantha Cole / 404 Media:
Bluesky says it's up to outside organizations to respect user consent, after a Hugging Face employee posted a 1M-post dataset from Bluesky's API for ML research  —  Update: Following the publication of this article on Tuesday evening, van Strien removed the dataset.
IDC:
IDC expects global smartphone shipments to grow 6.2% YoY to 1.24B units in 2024, due to Android shipments growing 7.6% YoY and iPhone shipments growing 0.4% YoY  —  Worldwide smartphone shipments are forecast to grow 6.2% year-over-year in 2024 to 1.24 billion units, according …
The Information:
Sriram Krishnan, a general partner at a16z, is leaving the firm; source: he has talked to Elon Musk about joining the Department of Government Efficiency  —  Sriram Krishnan, a general partner at Andreessen Horowitz and former product leader at Twitter, is leaving the firm four years after joining …
Nitasha Tiku / Washington Post:
OpenAI suspends early access to Sora after ~20 artists leaked access to the tool in protest of the company's treatment of creative professionals as “PR puppets”  —  A group of artists created a webpage allowing anyone to make AI videos using Sora.  They argue the maker of ChatGPT used artists as “PR puppets” without pay.
Sarah Jacob / Bloomberg:
Amsterdam-based Just Eat plans to delist from the London Stock Exchange on December 27, due to its shares' low liquidity, shifting to just an Amsterdam listing  —  The Amsterdam-headquartered meal delivery firm intends to cancel its secondary listing from the London Stock Exchange to reduce the associated …

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This is a Techmeme archive page. It shows how the site appeared at 5:35 PM ET, November 27, 2024.

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From Mediagazer

Wall Street Journal:
Sources: WBD is preparing to tell its shareholders to reject Paramount's latest offer and plans to recommend they support the existing deal with Netflix

Todd Spangler / Variety:
E.W. Scripps' board unanimously rejects Sinclair's unsolicited acquisition proposal of $7 per share in cash and stock, offered in November

Christal Hayes / BBC:
The BBC says “as we have made clear previously, we will be defending” against Trump's defamation lawsuit and “we are not going to make further comment”

More News

Ashley Rindsberg / Pirate Wires:
A look at the UK's planned Digital Markets Unit, which will regulate US tech companies under the DMCC, passed in May 2024, and have the power to halt any M&A

Earlier Picks

Ivan Mehta / TechCrunch:
Roblox now offers 25% more Robux when users buy on the web or via gift cards than when they make an in-app purchase via Apple's App Store or Google's Play Store
Allie Garfinkle / Fortune:
Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis
Robert Booth / The Guardian:
TikTok plans to block under-18s from using beauty filters, amid mental health concerns, and says it is tightening its systems to block under-13s from the app
Felix Ng / Cointelegraph:
US appeals court: the OFAC exceeded its authority in sanctioning Tornado Cash's immutable smart contracts, as they aren't property because they cannot be owned
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