Techmeme
August 19, 2024, 11:30 AM

Top News

Jess Weatherbed / The Verge:
Procreate CEO James Cuda says the iPad illustration startup is “not going to be introducing any generative AI into our products”, drawing praise from creatives  —  Many Procreate users can breathe a sigh of relief now that the popular iPad illustration app has taken a definitive stance against generative AI.
Asa Fitch / Wall Street Journal:
Mark Gurman / Bloomberg:
A look at Apple's work on its in-house modem chip, which may debut in select iPhones in 2025 to replace Qualcomm's chip, with a full rollout taking a few years  —  Apple's move to drop Qualcomm modem chips won't have a payoff at the outset, but it could set the stage for bigger things later.
Les Pounder / Tom's Hardware:
Raspberry Pi launches a Raspberry Pi 5 with 2GB of RAM for $50, alongside the existing 4GB model for $60 and 8GB for $80, and may release a future 1GB model  —  Will a $50 Raspberry Pi 5 2GB be enough?  —  The Raspberry Pi 5 is still the single board computer against which all others are measured …
George Hammond / Financial Times:
Carta says 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds from the 2021-2022 boom run out  —  Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms
Camilla Hodgson / Financial Times:
FOI documents: data center water consumption in Virginia, home to the world's largest cluster of data centers, hit 1.85B+ gallons in 2023, up from 1.13B in 2019  —  Usage has increased by almost two-thirds since 2019 in the world's largest concentration of computing infrastructure
Gregory Meyer / Financial Times:
In Q2, Walmart said its ad business grew 30% in the past year; eMarketer says Walmart will claim 6.8% of 2024 US retail media spending, for $3.7B in ad revenue  —  A high-margin and fast-growing ad business is changing the chain's relationship with brands  —  Walmart last week reported rising sales …

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Earlier Picks

Edward Helmore / The Guardian:
Maureen Dowd / New York Times:
Carl Franzen / VentureBeat:
Anthony Ha / TechCrunch:
Representative Nancy Pelosi: