October 4, 2022, 12:40 PM

Top News

Ed Hammond / Bloomberg:
Source: in a letter to Twitter, Elon Musk proposes proceeding with the acquisition at the original $54.20 per share; Twitter stock jumps 12%+  —  Elon Musk is proposing to buy Twitter Inc. for the original offer price of $54.20 a share, Bloomberg News reports.Musk made the proposal in a letter to Twitter …
Hartley Charlton / MacRumors:
European Parliament votes 602 to 13 to enforce USB-C as the charging port for most devices by the end of 2024 and laptops by 2026; some small devices are exempt  —  The European Parliament today voted overwhelmingly in favor of enforcing USB-C as a common charging port across a wide range …
Khari Johnson / Wired:
The White House's new AI Bill of Rights, including helping opt out of algorithmic decision-making, is nonbinding and so will have little impact on companies  —  The draft's tenets include allowing citizens to opt out of algorithmic decision-making, which could reshape federal government—but not the private sector.
Steve Lohr / New York Times:
Micron plans to spend up to $100B over 20 years to build a chipmaking complex in upstate New York, helped by federal and state government incentives  —  The company is planning a giant complex in Clay, N.Y., a sign that the government's investments in semiconductors are steering firms' decisions.
Sankalp Phartiyal / Bloomberg:
Sources: Apple's iPhone exports from India crossed $1B since April 2022 and could reach $2.5B by March 2023, up from $1.3B in the year ending March 2022  —  Apple Inc.'s iPhone exports from India crossed $1 billion in the five months since April, according to people familiar with the matter …
Jason Cipriani / ZDNet:
Google's Nest announces the $180 Nest Doorbell Wired and $200 Nest Wifi Pro with Wi-Fi 6E support, updates the Home app, and confirms support for Matter  —  Google on Tuesday announced several new products, including a new Nest Doorbell that ditches a battery, a Nest Wi-Fi Pro with support for Wi-Fi 6E …
Meta announces AITemplate, an open-source, PyTorch-based unified “inference” system for both AMD and Nvidia GPU hardware, helping code run 4x-12x faster  —  Facebook parent Meta Platforms Inc (META.O)said on Monday it has launched a new set of free software tools …
Ryan Browne / CNBC:
Mastercard announces Crypto Secure, which uses AI to help banks identify and stop transactions from fraud-prone crypto exchanges, powered by CipherTrace's tech  —  - Mastercard will on Tuesday launch a new product called Crypto Secure that helps banks assess the risk of crime associated with crypto merchants on its network.
Steven Musil / CNET:
Google discontinues Google Translate in mainland China, one of the last remaining services the company provides in the country, citing “low usage”  —  The service was one of Google's last remaining offerings in the country.  —  Steven Musil  —  Steven Musil is the night news editor at CNET News.
Maxwell Strachan / VICE:
Some guests and hosts say Airbnb permanently banned them after background checks by third-party company Inflection revealed minor offenses or old misdemeanors  —  Airbnb customers say they are being permanently banned after background checks reveal minor offenses like broken tail lights and old misdemeanors.
Yang Jie / Wall Street Journal:
Apple's supplier list shows 48 had manufacturing sites in the US as of September 2021, up from 25 in 2020; 30+ sites were in California, up from <10 in 2020  —  Partners of iPhone maker seek to stay nearby as pandemic makes travel to China difficult  —  U.S. Companies Are Reshoring Jobs From China at Record Levels
Samsung details a five-year roadmap for mass producing advanced chips, including second-generation 3nm chips in 2024, 2nm chips in 2025, and 1.4nm chips in 2027  —  Samsung Electronics Co. announced an aggressive five-year plan to lure US chip buyers with more advanced technology …
Nikhilesh De / CoinDesk:
A federal court rules that the CFTC appropriately served Ooki DAO through a website help bot and forum post, in a lawsuit over violating federal trading laws  —  The ruling came the same day a group of crypto lawyers and developers filed to join the CFTC's case against Ooki DAO.
Jon Porter / The Verge:
Xiaomi announces the flagship €599 12T, featuring a 108MP camera, and €759 12T Pro, featuring a 200MP camera, both with 6.67-inch displays, available October 13  —  Xiaomi has officially announced its flagship smartphone lineup for the second half of the year — the Xiaomi 12T and 12T Pro.
Wall Street Journal:
Despite Elon Musk offering Iranians access to Starlink, experts say quickly building the infrastructure and evading government censorship will prove difficult  —  Elon Musk said the satellite-internet system was activated in the country last month  —  Watch: Iranians Clash With Police During Violent Wave of Protests
Ephrat Livni / New York Times:
The US Treasury releases a digital assets report asking Congress for more resources to police crypto, regulate stablecoins, legislate crypto tokens, and more  —  The Financial Stability Oversight Council said that the growing crypto market could pose risks to the broader financial system.

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