Techmeme
May 13, 2024, 12:30 PM

Top News

Jason Koebler / 404 Media:
Many US farmers had to halt their planting operations after a solar storm broke critical GPS and precision farming functionality in tractors and other equipment  —  The solar storm that brought the aurora borealis to large parts of the United States this weekend also broke critical GPS …
Javier Espinoza / Financial Times:
Sources: the EU is set to issue new antitrust charges against Microsoft over concerns of undermining Teams competitors, despite the company offering concessions  —  Tech group's effort to avoid action by unbundling videoconferencing app from its other software appears to have failed
Akash Sriram / Reuters:
Squarespace says private equity firm Permira plans to take the company private in a ~$6.9B all-cash deal, or $44 per share, a 15.2% premium on Friday's close  —  Private equity firm Permira will take Squarespace (SQSP.N) private in an all-cash deal valued at about $6.9 billion …
Paul Alcorn / Tom's Hardware:
Top500: the Intel-powered Aurora supercomputer, not yet fully operational, came second behind the AMD-powered Frontier, but did take first in an AI benchmark  —  Aurora faces stability issues from hardware failures, cooling malfunctions, and operational errors.
Bloomberg:
The EU designates Booking as a DMA gatekeeper, saying “holidaymakers will start benefiting from more choice and hotels will have more business opportunities”  —  - Travel site is designated as a ‘gatekeeper’ under EU's DMA  — X avoids rules for now as officials open probe into its status
Sudip Kar-Gupta / Reuters:
Brad Smith says Microsoft plans to invest €4B in France, mostly focused on the AI sector, and the company would set up a data center in the city of Mulhouse  —  Technology and software giant Microsoft (MSFT.O) will invest 4 billion euros ($4.3 billion) in France as part …
Wall Street Journal:
Wall Street Journal:
Sources: after shelling out billions to acquire US users, Temu is now focusing more on acquiring users in Europe and elsewhere, following TikTok's US issues  —  App looks to reduce reliance on American shoppers as growth slows and scrutiny of TikTok grows  —  The bargain app Temu …
More: PYMNTS.com
New York Times:
How Elon Musk uses X to back right-wing world leaders like Argentina's Javier Milei and India's Narendra Modi, who can help secure advantages for his businesses  —  Minutes after it became clear that Javier Milei had been elected president of South America's second-largest nation in November …

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Saritha Rai / Bloomberg:
Lucas Shaw / Bloomberg:
Henry Mance / Financial Times:
Matthew Green / @matthew_d_green: