Techmeme
October 11, 2024, 9:55 AM

Top News

Kif Leswing / CNBC:
AMD launches its Instinct MI325X GPU to compete with Nvidia's upcoming Blackwell chips and says production will start in 2024, but doesn't disclose its pricing  —  AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia's data center graphics processors, known as GPUs.
Tobias Mann / The Register:
Olga Kharif / Bloomberg:
Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; amongst the funds that invested in crypto, 33% plan to invest more in 2024  —  - That's up from 29% last year, per new AIMA and PwC report  — Many traditional hedge funds are active in crypto derivatives
Norman Goh / Nikkei Asia:
ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 in trust and safety; sources: 700+ were laid off  —  KUALA LUMPUR — ByteDance, the parent company of social media platform TikTok, confirmed on Friday that it will be laying off hundreds …
Tom Warren / The Verge:
Microsoft plans to let US users buy and play Xbox games from the Xbox app on Android from November, after a judge ordered Google to open up the Play Store  —  Microsoft is planning to update its Xbox mobile app on Android to allow US users to purchase and then play Xbox games on their mobile devices next month.
Decrypt:
Uniswap Labs unveils Unichain, an Ethereum Layer 2 blockchain built on Optimism tech, to enable faster, cheaper transactions and better liquidity across chains  —  Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.
Rebecca Bellan / TechCrunch:
Aarian Marshall / Wired:
Hayden Field / CNBC:
CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months  —  CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
More: Bloomberg and Invezz
Kylie Robison / The Verge:
A look at the promise of AI agents as a way for companies to monetize models; PitchBook: AI agent startups raised $8.2B over the last 12 months, up 81.4% YoY  —  Humans have automated tasks for centuries.  Now, AI companies see a path to profit in harnessing our love of efficiency, and they've got a name for their solution: agents.
More: Investor's Business DailyThreads: @kylie.robisonMastodon: @carnage4life@mas.toX: @spirosmargarisLinkedIn: Ben WaberForums: r/technology
Wall Street Journal:
Sources: Salt Typhoon hackers still had access to some parts of US broadband networks within the last week, and investigators don't know what they were seeking  —  In letters to AT&T, Verizon and Lumen, lawmakers ask about proposed measures the companies will take to protect U.S. wiretap systems
More: Metacurity
BBC:
The US and the UK announce an agreement to keep children safer online, including plans to set up an online safety working group to share evidence and expertise  —  The argument over smartphones in schools has been “won”, the technology secretary Peter Kyle has told the BBC …
Jack Kubinec / Blockworks:
Stripe reintegrates crypto payments in the US, letting users pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, after disabling the feature in 2018  —  Customers can pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, while US-based merchants are paid in dollars
Ingrid Lunden / TechCrunch:
LinkedIn says ~10M people have created pages on its Services Marketplace for freelancers, up 48% in the past year; it launched the marketplace in October 2021  —  More than 100,000 people have been laid off in the technology industry alone this year, and — either by circumstance or choice …
More: Tech.co

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