Techmeme: NPCI and RBI data: India's UPI recorded 10B+ merchant transactions in October 2024, up 53% YoY, while credit cards saw a 35% YoY growth in transactions to 433M (Pratik Bhakta/The Economic Times)

Top News

Kyle Wiggers / TechCrunch:

Elon Musk files for an injunction to halt OpenAI's for-profit transition, alleging that OpenAI is discouraging investors from backing rivals like xAI, and more — Attorneys for tech billionaire Elon Musk have filed for a preliminary injunction against OpenAI, several of its co-founders …

More: CourtListener, Business Today, The Verge, Cointelegraph, CNBC, Engadget, PCMag, Mashable, Cryptopolitan, PYMNTS.com, Benzinga, Bloomberg, SiliconANGLE, The Decoder, WinBuzzer, Neowin, Agence France-Presse, The Indian Express, Business Insider, The Information, Tech in Asia, and CoinGape

Bluesky: @carnage4life, @edzitron.com, @secure-circuit, @dead.place, and @romitmehta.com. Mastodon: @Kierkegaanks@beige.party

X: @elonmusk, @edzitron, @andrewcurran_, @brian__gong, and @andrewcurran_

Forums: r/aiwars, r/law, r/OpenAI, r/singularity, and r/ChatGPT

Wall Street Journal:

Sources say a number of tech executives, including Sam Altman, worry that Elon Musk's new proximity to Trump could supersize rivalries in ways that favor Musk — OpenAI's Sam Altman ranks high on the billionaire's list of enemies; car companies and tech giants scramble for allies in the incoming Trump administration

More: Washington Examiner and Forbes

Bluesky: @definite and @jasoncross.org

X: @brij and @wsjbusiness

Maria Deutscher / SiliconANGLE:

AWS adds new generative AI features to Amazon Connect, which helps companies run their contact centers, including letting Lex-powered assistants use Amazon Q — Amazon Web Services Inc. is adding more artificial intelligence features to its Amazon Connect service, which helps companies run their contact centers more efficiently.

More: TechCrunch and Amazon Web Services, Inc.

Kyle Wiggers / TechCrunch:

AWS announces AWS Security Incident Response to help customers prepare for, respond to, and recover from cybersecurity incidents, including ransomware attacks — Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three …

More: Amazon Web Services, Inc.

Financial Times:

London-based 9fin, a data provider for debt markets, raised a $50M Series B led by Highland Europe, sources say at a ~$500M valuation on current ARR of ~$25M — Founder of London-based 9fin predicts winning research company could generate $1bn a year in revenue

Bloomberg:

Analysis: US spot bitcoin and ether ETFs logged record monthly net inflows, $6.5B and $1.1B respectively, in November 2024, buoyed by Trump's embrace of crypto — - Crypto market up over $1 trillion since Trump's election win — Traders expect US regulators to pivot to a friendlier stance

More: Bloomberg, Cryptopolitan, Coinpedia Fintech News, The Coin Republic, The Crypto Times, CoinGape, and Cointelegraph

Ian Hogarth / Financial Times:

VC firm Plural's cofounder says Europe, which is yet to create a $1T company, must start supporting experienced founders and start providing “audacious capital” — In 2024, artificial intelligence is consistently front-page news. From Nvidia hitting a trillion-dollar market cap …

More: Spyglass. Mastodon: @carnage4life@mas.to and @chetwisniewski …

X: @drrichjlaw, @soundboy, and @dorialexander

LinkedIn: Yann LeCun, Maria Wasastjerna, Nils G., Peter Fedoročko, Klen Jäärats, and William Kadouch-Chassaing. Forums: r/neoliberal

Yang Jie / Wall Street Journal:

Sources: BYD's contract-manufacturing arm, which has 10K+ engineers and ~100K employees dedicated to the Apple's supply chain, now assembles 30%+ of all iPads — BYD has grown into a top iPad assembler and has put around 100,000 people to work for Tim Cook's company

LinkedIn: Christian M. Bucholdt

Bloomberg:

Q&A with Nokia CEO Pekka Lundmark on Nokia's mobile phone failure, moving from mobile and fixed networks into data centers and defense, fine-tuning 5G, and more — Pekka Lundmark sees opportunities for the Finnish communications company to grow in defense and data centers.

X: @business

Alexandre Tanzi / Bloomberg:

A look at Death Clock, an app that claims to predict the user's likely date of death by using an AI model trained on a dataset of 1,200+ life expectancy studies — - Model trained on longevity studies is popular on fitness app — Technology may have wider applications in economics, finance

More: TechCrunch and Cryptopolitan

Bluesky: @tcarmody. Threads: @pkedrosky. X: @atanzi, @catcheronthesly, and @tinssoldier. LinkedIn: Georg Zoeller

Iris Kim / NBC News:

How Indigenous engineers are using AI to preserve Native American languages, building speech recognition models for 200+ endangered languages in North America — Indigenous languages are rapidly disappearing, and AI could help preserve them, according to Indigenous technologists.

Bluesky: @paulallison. X: @dcrebbin_. LinkedIn: Ei Ei Samai and Michael Running Wolf

Josh Taylor / The Guardian:

Meta says it will require advertisers globally to get verified before running financial service ads targeting Australian users, starting in early February 2025 — Exclusive: Businesses to require financial services license number to post Facebook ads, while individuals will need government-issued ID

More: Reuters, ABC, AdNews News, B&T, Australian Financial Review, Money magazine, Mediaweek, and The Canberra Times

Threads: @mazdaksafaei, @mazdaksafaei, and @mazdaksafaei. Forums: r/technology

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