Techmeme
December 7, 2020, 12:25 PM

Top News

Bloomberg:
Sources: Apple is preparing new Apple Silicon-powered MacBook Pros, iMacs, and Mac Pros for as early as spring 2021; full Mac transition will finish in 2022  —  - Company tests faster performing processors than Intel's best  — Major graphics boost in the works for upcoming desktop Macs
Maureen Farrell / Wall Street Journal:
Sources: Airbnb plans to boost the proposed price range of its IPO to between $56 and $60 a share, which equates to a valuation of $39B to $42B, fully diluted  —  New price range for home-rental company's public debut equates to $39 billion to $42 billion, fully diluted
Financial Times:
Inside Disney's costly online push while its lucrative legacy businesses decline, as sources say the success of Disney+ diminished Disney's interest in Hulu  —  Media empire must sustain its costly online push while its lucrative legacy businesses decline  —  The Walt Disney Company …
Ron Miller / TechCrunch:
Tecton.ai raises $35M Series B co-led by a16z and Sequoia Capital as it releases its ML feature store, just a week after AWS debuted its Sagemaker Feature store  —  Tecton.ai, the startup founded by three former Uber engineers who wanted to bring the machine learning feature store idea to the masses …
Wall Street Journal:
By July, Chinese banks and trust companies had ~$230B in outstanding loans to users who borrowed via Alipay, a factor in new regulatory scrutiny of Ant Group  —  Partnering with the fintech giant has higher risks for smaller lenders, which are already on shaky ground
Nilesh Christopher / Rest of World:
Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer, unlike other Chinese brands that retreated from the limelight  —  Facing a nationalist backlash in India, Xiaomi has rebranded itself as a local manufacturer.  —  • BANGALORE, INDIA
Bloomberg:
Source: investors in at least two mature Sequoia funds will see 11X returns on paper, after fees, and another fund is showing 8X returns  —  About a week before the coronavirus was declared a pandemic, one of the world's leading venture capital firms issued a dire prophecy.

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Jane Lytvynenko / BuzzFeed News:
Kanishka Singh / Reuters:
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