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December 2, 2024, 8:50 AM
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| Kyle Wiggers / TechCrunch: |
Intel says CEO Pat Gelsinger has retired, effective December 1, and stepped down from its board; David Zinsner and Michelle Johnston Holthaus are now co-CEOs — Intel has announced that CEO Pat Gelsinger has retired, effective December 1, and stepped down from the company's board of directors.
More: Intel Corporation, Bloomberg, Reuters, and CNBC
| Kyle Wiggers / TechCrunch: |
AWS launches Data Transfer Terminal to let customers upload their data to AWS Cloud by plugging in their storage devices at a set of physical locations — At its re:Invent 2024 conference in Las Vegas, Amazon on Sunday announced a somewhat unusual new service for Amazon Web Services (AWS) … | Belle Lin / Wall Street Journal: |
AWS CEO Matt Garman kicks off his first re:Invent event by discussing upcoming “real, needle-moving” announcements, no end for the AI race, Anthropic, and more — As the cloud-computing leader kicks off its re:Invent conference, Chief Executive Matt Garman says there is no end in sight to the artificial intelligence race
More: SiliconANGLE
| Kyle Wiggers / TechCrunch: |
AWS announces Security Incident Response, a service to help clients prepare for, respond to, and recover from cybersecurity events, including ransomware attacks — Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three …
More: Silicon Republic, Help Net Security, and WinBuzzer
| Wall Street Journal: |
The US adds new HBM chip transfer restrictions for China, the fourth attempt in three years to curb China, and adds 140 Chinese companies to its trade blacklist — Export of memory chips used in AI applications is restricted, but delayed announcement gives Chinese companies chance to stock up| Jowi Morales / Tom's Hardware: |
OpenWrt releases the $89+ OpenWrt One router, a “hacker-friendly device” with open-source firmware, two Ethernet ports, three USB ports, and dual-band Wi-Fi 6 — This ‘Unbrickable’ router should never fail you. … The group worked together to draft the specifications for this router … | Sidhartha Shukla / Bloomberg: |
CoinGecko: Ripple-linked XRP's market cap passes $137B to become the third-largest cryptocurrency, up from less than $30B on November 5 when Donald Trump won — - The cryptocurrency gained as much as 15% Monday to hit $2.50 — Since the US election it has added over $100 billion in value
More: Tech in Asia
| Laura Dobberstein / The Register: |
The UN's ITU and the International Cable Protection Committee announce a 40-member global advisory body to support the resilience of submarine telecom cables — On the same day that a submarine cable suspected of having been cut by a Chinese ship was repaired, two major telco bodies convened …
More: The Record, ITU, and Total Telecom
| Mark Bergen / Bloomberg: |
Amsterdam-based Nebius, which rebranded from Russian internet giant Yandex and offers cloud AI tools, raised $700M from Nvidia, Accel, and others — Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate of investors including Nvidia Corp. and Accel Partners LP.
More: TechCrunch, Tom's Hardware, CTech, Reuters, Yahoo Finance, Financial Times, and TipRanks Financial
| Cristina Criddle / Financial Times: |
Social media videos documenting layoffs are now commonplace, especially by younger workers, creating headaches for companies; TikTok's #layoff has 32K+ posts — Gen Z workers posting redundancy videos are trending — but can harm their future prospects — An unexpected online meeting appeared …
More: Dexerto
| Financial Times: |
OpenAI CFO Sarah Friar says the startup is weighing up an ads model, but plans to be “thoughtful”; sources say OpenAI has hired ad talent from Meta and Google — ChatGPT maker hires advertising talent from big tech rivals — OpenAI is discussing plans to introduce advertising … | Ingrid Lunden / TechCrunch: |
New York-based Upwind, which sells tools to secure cloud infrastructure, raised a $100M Series A led by Craft Venture at a $900M post-money valuation — In November, TechCrunch broke the news on how cybersecurity startup Upwind was getting a lot of inbound interest to raise money on a big valuation.
More: CTech, Reuters, and ACCESSWIRE
| Wall Street Journal: |
Sources: 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: Nairametrics, Washington Examiner, Forbes, Mashable, Bloomberg, and TechCrunch
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X: @wsjbusiness and @brij
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