Techmeme
April 24, 2024, 3:25 PM

Top News

Lauren Feiner / The Verge:
President Biden signs the ByteDance-TikTok divest-or-ban bill into law, after the Senate passed it by 79-18; the House passed the legislation 360-58 on April 20  —  The divest-or-ban bill is now law, starting the clock for ByteDance to make its move.  The company has an initial nine months …
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Alex Barinka / Bloomberg:
Biden signing the TikTok divestment bill starts a 270-day countdown for a sale or a US prohibition; sources say ByteDance sees a divestiture as a last resort  —  - China's ByteDance faces deadline to sell app under new US law  — Company braces for legal fight against divest-or-ban efforts
Casey Newton / Platformer:
Legal scholars discuss how the TikTok divestment bill could survive a First Amendment challenge and why the US will likely rely on a national security argument  —  The First Amendment is a major obstacle, scholars say — but it isn't insurmountable  —  On Tuesday, the Senate voted overwhelmingly …
New York Times:
Monica Alba / NBC News:
Joanna Nelius / The Verge:
Qualcomm details its Snapdragon X Plus and X Elite chips; benchmarks from a demo suggest the chips match Apple's M3, Intel's Core Ultra 9, and AMD's Ryzen 9  —  On Wednesday, Qualcomm announced the impending arrival of its Snapdragon X Plus laptop processor alongside more information …
Tom Warren / The Verge:
Shubham Sharma / VentureBeat:
Apple debuts OpenELM, a family of language models with 270M, 450M, 1.1B, and 3B parameters, designed to run on-device, pre-trained and fine-tuned on public data  —  Just as Google, Samsung and Microsoft continue to push their efforts with generative AI on PCs and mobile devices …
Meir Orbach / CTech:
Nvidia acquires AI infrastructure orchestration and management service Run:ai, a source says for ~$700M; Run:ai, founded in 2018, had raised $118M to date  —  Run:ai enables enterprise customers to manage and optimize their compute infrastructure, whether on premises, in the cloud or in hybrid environments.
Brian McGleenon / The Block:
Worldcoin subsidiary World Assets plans to sell WLD tokens to meet the demand for orb-verified World IDs and support Worldcoin network growth; WLD drops 7%+  —  - Worldcoin says its subsidiary World Assets may routinely sell WLD tokens to meet increasing demand for orb-verified World IDs and support network growth.
Nikhilesh De / CoinDesk:
The US DOJ argues Binance founder Changpeng Zhao should spend three years in prison and pay $50M for helping Binance violate sanctions and money laundering laws  —  The DOJ wants Zhao to serve 36 months after his guilty plea last year.  —  Binance's founder and former chief executive …
Edward Zitron / Ed Zitron's Where's Your Ed At:
Emails released as part of US v. Google show how Google's finance and ad teams led by Prabhakar Raghavan made Search worse to make the company more money  —  This is the story of how Google Search died, and the people responsible for killing it.  —  The story begins on February 5th 2019 …
Sergiu Gatlan / BleepingComputer:
The US OFAC sanctions four Iranian nationals over cyberattacks on the US government, defense contractors, and private companies, and the DOJ unseals indictments  —  The Treasury Department's Office of Foreign Assets Control (OFAC) has sanctioned four Iranian nationals for their involvement …
Kate Clark / The Information:
Source: Cognition, which offers an AI coding assistant, raised $175M led by Founders Fund at a $2B valuation, a month after a Series A at a $350M valuation  —  The promise of a chatbot that can write and fix code has attracted repeat investments in a six-month-old startup—even after it appeared to flub its product launch.
Adam Iscoe / New Yorker:
A look at the restaurant reservation ecosystem in New York City, where new apps have sprung up to help diners book a table at buzzy restaurants for a price  —  How bots, mercenaries, and table scalpers have turned the restaurant reservation system inside out.
Ingrid Lunden / TechCrunch:
Stripe says some of its products will be available to companies that are using other payments providers, and unveils new embedded finance features and AI tools  —  Stripe continues to hold the title of being the biggest financial technology business still in private hands …

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Nami Matsuura / Nikkei Asia:
Sarah McBride / Bloomberg:
MacKenzie Sigalos / CNBC:
Andrew J. Hawkins / The Verge:
Seb Joseph / Digiday:
Jacob Ridley / PC Gamer:
Wall Street Journal: