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Techmeme
December 24, 2024, 10:00 AM
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Top News

Sheldon Reback / CoinDesk:
US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024  —  The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers, the U.S. and Japanese law enforcement agencies said Monday.
Muyao Shen / Bloomberg:
Hashed: Hyperliquid, the top DeFi derivatives exchange by volume, had $112M+ of USDC outflows on December 23, over concerns of trading by North Korean hackers  —  - Hyperliquid is the largest DeFi derivatives exchange by volume  — Security expert says Hyperliquid faces threat from North Korea
Paresh Dave / Wired:
West Bank residents, who have long complained of missing and outdated data on Google Maps, say the Israel-Hamas war has made the app even worse for navigation  —  One user told WIRED that Google Maps directed them to “drive right into a wall that's been up since 2003.”
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
Pranshu Verma / Washington Post:
Arizona's Maricopa County is set to have the second largest concentration of US data centers by 2028, as the state races to increase electricity production  —  As data centers drain America's power grids, a fierce battle is being waged for electricity.  On Navajo Nation land, many are on the losing end.
Antonio Pequeño IV / Forbes:
xAI 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 …
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 …
Bluesky: @stevefaktor.com

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From Mediagazer

Brian Steinberg / Variety:
CBS News terminates 60 Minutes veteran Scott Pelley's contract; Nick Bilton says Pelley's “antipathy to the future of the show has come through loud and clear”

Bloomberg:
Bill Ackman's Pershing Square plans to sell its stake in Universal Music Group, days after the Amsterdam-listed group rejected his takeover bid

Christopher Vondracek / Minnesota Star Tribune:
The Minnesota Star Tribune, which has ~495 staffers, plans to cut its workforce by 15%, or 65 jobs, via buyouts and layoffs, one month after winning a Pulitzer

More News

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, closing in H2 2025

Earlier Picks

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
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
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
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