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December 24, 2024, 2:10 AM
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Top News

Annie Palmer / CNBC:
Donald Trump announces Scott Kupor, a managing partner at a16z, will serve as director of OPM, and Michael Kratsios will serve as the White House OSTP director  —  President-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend …
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
Muyao Shen / Bloomberg:
Hashed: $112M+ worth of USDC fled Hyperliquid, the top DeFi derivatives exchange by volume, on December 23, after concern over trading by North Korean hackers  —  - Hyperliquid is the largest DeFi derivatives exchange by volume  — Security expert says Hyperliquid faces threat from North Korea
Ryan Christoffel / 9to5Mac:
In a viral YouTube video, MegaLag claims PayPal's Honey browser extension doesn't show users the best coupons and deals, and steals creators' affiliate revenue  —  Honey is a popular browser extension owned by PayPal that's at the center of a big new controversy.
Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip will use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs  —  One of the key elements of Apple's A-series and M-series chips is the System-on-a-Chip (SoC) design which tightly integrates all the components within a single package.
Lauren Thomas / Wall Street Journal:
Xerox agrees to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda in a deal valued at $1.5B, including debt, and expected to close in H2 2025  —  Deal values the closely held company at $1.5 billion, including debt  —  Xerox Holdings has struck a deal for Lexmark International …
Cristina Criddle / Financial Times:
PitchBook: global edtech VC funding reached just $3B in 2024, the lowest amount since $2.3B in 2014, and down from $17.3B at the peak of the pandemic in 2021  —  Funding for edtech companies hits decade low as sector struggles to compete post-pandemic  —  Global investment in online education companies …
Reuters:
An investigator says he reported 26 OnlyFans accounts suspected of containing CSAM to NCMEC and that all of the accounts were removed within a day of his report  —  This story contains disturbing descriptions of the possible online abuse of children.  —  An experienced child exploitation …
Forums: r/news
Antonio Pequeño IV / Forbes:
xAI announces it raised a $6B Series C from a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia, Nvidia, and others, at a reported valuation of at least $40B  —  Elon Musk's xAI announced Monday it raised $6 billion in a Series C funding round, putting the company's value at more than $40 billion …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:10 AM ET, December 24, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

New York Times:
Sources: WBD staff are bracing for widespread layoffs as David Ellison wants $6B in “synergies”; the internal mood is grim as staff preferred Netflix's proposal

Ashley Carman / Bloomberg:
Inside the Podcast Business Summit and interviews with Kara Swisher, Adam Friedland, and others about how video podcasts won over audio, paywalls, ads, and more

CNN:
CNN employees and viewers have serious concerns about whether Ellison will uphold CNN's editorial independence amid severe political pressure

More News

Reuters:
Sources: Microsoft is working on adding more first- and third-party AI models to power 365 Copilot, to lower its reliance on OpenAI amid cost and speed concerns
Gene Maddaus / Variety:
The Animation Guild ratifies a contract with major studios, without AI demands such as letting members opt out of using AI or allowing AI training on their work
Bloomberg:
VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations
Financial Times:
Sources: Meta plans to add a display to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development

Earlier Picks

New York Times:
Telegram is set to be profitable in 2024, a first, with $1B+ in revenue, up from nearly $350M in 2023, and ending 2024 with ~$500M in cash, as it pays down debt
Manish Singh / TechCrunch:
X raised US Premium+ prices by 37.5% to $22 per month, effective December 21, and EU prices 31% from €16 to €21 per month; the basic subscription still costs $3
New York Times:
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs or other measures to block imports
Bloomberg:
Google says it plans to counter Japan's claims that it engages in anticompetitive practices in search; source: Japan's FTC sent Google a cease-and-desist order
Om Malik / On my Om:
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
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