Techmeme
December 23, 2024, 11:50 AM

Top News

New York Times:
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt  —  Even as Telegram faces legal scrutiny and grapples with billions in debt, it is set to be profitable for the first time as it tries cryptocurrencies, subscriptions and ads.
Bloomberg:
Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC sent a cease-and-desist order to Google  —  - Google prepares case against antitrust watchdog's allegations  — Regulators around the world are ramping up Big Tech scrutiny
Manish Singh / TechCrunch:
X raises US Premium+ prices by 37.5% to $22 per month, starting on December 21, and EU prices from €16 to €21 per month; the basic subscription still costs $3  —  X is raising prices for its top-tier subscription service, Premium+, by 37.5% to $22 a month, marking …
Kyle Wiggers / TechCrunch:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP  —  Incoming president Donald Trump has confirmed reports that Sriram Krishnan, until recently a general partner at Andreessen Horowitz …
New York Times:
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs and other measures to block imports  —  The older-style chips are crucial for a wide array of appliances and other machinery, including weaponry.
Maxwell Zeff / TechCrunch:
Andrew Liszewski / The Verge:
Amazon Kindle Paperwhite Signature Edition review: best e-reader screen, fast page turns, and color options, but mostly small upgrades and lacks stylus support  —  Performance upgrades and screen improvements make the new Paperwhite's minor updates feel more substantial.
More: Mashable
Financial Times:
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January  —  Consortium likely to include Elon Musk's SpaceX in move to grab a bigger slice of $850bn US defence budget

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Earlier Picks

Bloomberg:
Mark Gurman / Bloomberg: