|
August 5, 2024, 12:15 PM
|
Mediagazer
memeorandum
WeSmirchTop News
| Tanaya Macheel / CNBC: |
Bitcoin dropped below $50,000, its lowest level since February 2024 and down 17% since August 3, and ether dropped 15% to ~$2,300, as global markets plummet — Cryptocurrencies tumbled amid a global market sell-off spurred by recession fears. — The price of bitcoin sank more than 14% …
More: Reuters, CoinShares Research Blog, Decrypt, DL News, New York Times, Watcher Guru, Coinspeaker, CryptoSlate, New York Times, The Block, Wall Street Journal, CNBC, New York Times, Bloomberg, Bloomberg, Bloomberg, NewsBTC, BusinessLIVE, Decrypt, CCN.com, Financial Times, and Reuters
X: @justinsuntron, @jonwu_, @peruvian_bull, @smtuffy, @tolstoybb, @thestalwart, @thestalwart, @levie, @loopifyyy, @deitaone, @birdyword, @thestalwart, @iwriteok, @thestalwart, @naiivememe, @intocryptoverse, and @buccocapital
Forums: r/worldnews, r/business, and r/neoliberal
| Aditya Soni / Reuters: |
Apple, Nvidia, Alphabet, Amazon, Meta, and Microsoft stocks led a tech stock sell-off amid US recession fears; AAPL drops 5%, NVDA drops 7%+, and MSFT drops 3%+ — Apple (AAPL.O) and Nvidia (NVDA.O) led a sell-off in technology stocks on Monday as U.S. recession fears and Berkshire Hathaway's … | Financial Times: |
Investor letter: Elliott Management says megacap tech stocks, particularly Nvidia, were in “bubble land”, and AI is “overhyped” and “not ready for prime time” — Hedge fund tells clients many supposed applications of the technology are ‘never going to actually work’
More: Proactive, Finbold, Mobile World Live, Electronics Weekly, Semafor, and Investing.com
| Cade Metz / New York Times: |
Elon Musk revives his OpenAI lawsuit, filing a complaint in California to allege that OpenAI, Sam Altman, and Greg Brockman breached OpenAI's founding contract — The Tesla chief executive has renewed claims that the A.I. start-up put profits and commercial interests ahead of the public good.
More: CNN, The Guardian, Decrypt, Business Today, Engadget, The Verge, Wall Street Journal, South China Morning Post, Axios, Reuters, New York Post, Quartz, WinBuzzer, Android Headlines, Financial Times, Neowin, The Hollywood Reporter, CNBC, CoinGape, Deadline, and Daily Sabah. Forums: Slashdot
| Anne VanderMey / Bloomberg: |
AI chip startup Groq raised a $640M Series D led by BlackRock at a $2.8B valuation, up from $1B after raising $300M in 2021, and adds an Intel executive as COO — Cisco and Samsung invested in the $640 million deal — Artificial intelligence startup Groq Inc. has raised $640 million in new funding …
More: The Information, FinSMEs, Forbes, Maginative, The Decoder, Reuters, Tech Startups, TechCrunch, Financial Times, Groq, Axios, NewsBytes, and VC News Daily
| Evan Gorelick / Bloomberg: |
Analysis: the vast majority of damages from July's CrowdStrike global IT outage will go uninsured; CrowdStrike reported nearly 24K enterprise customers in Q1 — - Insured losses estimated between $300 million and $1.5 billion — The days-long outage took a $5.4 billion toll on Fortune 500
More: Cybersecurity Dive
| Bloomberg: |
CrowdStrike says Delta CEO Ed Bastian failed to respond to an assistance offer from CEO George Kurtz; CrowdStrike hopes Delta will “agree to work cooperatively” — The allegation, in a letter Sunday from attorneys for the technology firm, builds upon CrowdStrike's claim last week …
More: The Verge, Windows Central, Wall Street Journal, PCMag, Ars Technica, Reuters, New York Times, Constellation Research, ITPro, and TechRadar
Forums: Hacker News and r/technews
| Berber Jin / Wall Street Journal: |
Investor letter: Josh Kushner says Thrive Capital raised a $1B early-stage fund and a $4B late-stage fund, its largest-ever pair, after backing OpenAI in 2023 — The fundraising reflects optimism over artificial intelligence despite the startup sector's broader struggles
More: PYMNTS.com, The Information, and Thrive Capital
X: @akothari, @eglyman, @patrick_oshag, @patrickc, @joshuakushner, and @joshm
| Mihai Matei / SamMobile: |
Sources: Samsung plans to bring some Galaxy AI features to select mid-range smartphones as well, including the Galaxy A35 and Galaxy A55 which launched in 2024 — We have some exciting information to share, especially for Galaxy A phone users hoping to get their hands on some Galaxy AI action.| Michael Moritz / Financial Times: |
Silicon Valley's Trump supporters are making the same mistake as all powerful people who back authoritarians: they can't control him, and he won't keep promises — The financiers who support him have made the same error as all powerful people who back authoritarians — The writer is senior adviser, Sequoia Heritage
More: New York Times and Werd I/O
X: @sogrady, @teddyschleifer, @mhbergen, @mhbergen, and @wolfejosh
| Rachael Levy / Reuters: |
Elon Musk says Neuralink has implanted its device in a second trial patient, who had a spinal cord injury, and 400 of the implant's 1,024 electrodes are working — Neuralink has successfully implanted in a second patient its device designed to give paralyzed patients the ability …
More: Lex Fridman on YouTube, Engadget, Quartz, The Register, PCMag, CCN.com, PC Gamer, Lex Fridman, TweakTown, Bloomberg, Proactive, Mashable, Notebookcheck, The Independent, Interesting Engineering, Business Today, Wall Street Journal, Cointelegraph, Blue's News, and Business Insider
X: @lexfridman, @lexfridman, and @lexfridman
Forums: r/singularity and Slashdot
| Bloomberg: |
An interview with Mark Zuckerberg on laughing at the memes about him, rebranding Facebook as Meta, learning from the mobile era, Llama, his hobbies, and more — Now in his 40s, Meta's CEO says he's more comfortable in the spotlight but just as focused on breaking his company's reliance on Apple.
More: KnowTechie
Sponsor Posts
Airtable:
The central nervous system of your business — Used by 80% of Fortune 100 companies, Airtable combines AI with the scale of an infinitely flexible, no-code system. With all your data in one place, it's like mission control for your company.
The central nervous system of your business — Used by 80% of Fortune 100 companies, Airtable combines AI with the scale of an infinitely flexible, no-code system. With all your data in one place, it's like mission control for your company.
Intel:
5G's most deployed platform — Powering live networks with built-in Inference across Core and RAN. That's the power of Intel Inside®
5G's most deployed platform — Powering live networks with built-in Inference across Core and RAN. That's the power of Intel Inside®
Zoho:
Zoho MCP: Launching the future of work — Picture your SDR's Monday morning.A deal just closed. Normally that means: update the CRM record, create a Books invoice, open a Desk ticket for onboarding …
Zoho MCP: Launching the future of work — Picture your SDR's Monday morning.A deal just closed. Normally that means: update the CRM record, create a Books invoice, open a Desk ticket for onboarding …
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Cheeky Pint:
Bret Taylor of Sierra on AI agents, outcome-based pricing, and the OpenAI board
Stripe cofounder John Collison interviews founders, builders, and leaders over a pint.
Subscribe to Cheeky Pint.
Invest Like the Best:
Shyam Sankar - Celebrating Heretics
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
How Sierra Is Pulling Ahead in the AI Race | Co-founder Bret Taylor
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The most successful AI company you've never heard of | Qasar Younis
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
AI Revenue Explodes, Dario's Memo, McDonald's CEO's Baby Burger Bite
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Tools and Weapons with Brad Smith:
His Excellency Khaldoon Al Mubarak: Investing in an AI-Driven World
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
About This Page
This is a Techmeme archive page. It shows how the site appeared at 12:15 PM ET, August 5, 2024.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
From Mediagazer
Katie Robertson / New York Times:Minho Kim / New York Times:
Shannon Bond / NPR:
Upcoming Tech Events
More News
| Alex Wickham / Bloomberg: |
More: The Independent, Politico, and HuffPost
| Bart Meijer / Reuters: |
More: PCMag, The Record, Tech Monitor, European Commission, Irish Examiner, Associated Press, 9to5Mac, TNW, Agence France-Presse, TechCrunch, Proactive, Euractiv, Infosecurity, Euronews, Light Reading, Invezz, Politico, South China Morning Post, BNN Bloomberg, The Stack, and Brussels Signal
X: @thierrybreton and @eu_commission
Earlier Picks
| Zach Dorfman / Politico: |
X: @vtchakarova, @zachsdorfman, @zachsdorfman, @zachsdorfman, @bharatkumarindi, @hkanji, @amyshirateitel, and @patcaldwell. Forums: Hacker News
| David Shepardson / Reuters: |
| Nicholas Carlini: |
More: Simon Willison's Weblog. Threads: @tedunderwoodillinois and @sung.kim.mw
X: @peteskomoroch, @mandercorn, @jpohhhh, @reillywood, @edulix, @carnage4life, @bdowney, @tqbf, and @ofirpress. Forums: Hacker News