| Theodore Schleifer / New York Times: |
Sources detail Elon Musk's role in Trump's transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more — He's on the patio. He's on the golf course. Everywhere Donald Trump looks, there is the world's richest man.| Eric Beech / Reuters: |
Donald Trump says Elon Musk and Vivek Ramaswamy will lead the Department of Government Efficiency, or DOGE, to provide “guidance from outside of Government” — U.S. President-elect Donald Trump said on Tuesday Elon Musk and former Republican presidential candidate Vivek Ramaswamy … | Financial Times: |
Media executives say that some brands are preparing to advertise on X once again, as Elon Musk is likely to gain an influential Trump administration role — Some brands had abandoned the site over moderation concerns — Elon Musk's support for Donald Trump is set to boost X's flagging business … | Ramish Zafar / Wccftech: |
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023's end — According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce.| Bloomberg: |
Sources: OpenAI, Google, and Anthropic are seeing diminishing returns from costly efforts to build new AI models; a new Gemini model is missing internal targets — Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.| Jody Godoy / Reuters: |
A US judge rules that Meta must face trial in a US FTC lawsuit seeking its breakup over claims that it acquired Instagram and WhatsApp to crush its competitors — Facebook owner Meta Platforms (META.O) must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims … | Dina Bass / Bloomberg: |
An interview with Microsoft Gaming CEO Phil Spencer, who won't rule out more Xbox games on other consoles, says an Xbox handheld is “a few years out”, and more — Phil Spencer is planning how to enter and partner in the handheld device and mobile-store markets| Callie Holtermann / New York Times: |
Bluesky says it gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and crossed 15M users; Bluesky had 6M users in August — With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.| Annie Palmer / CNBC: |
Amazon debuts Amazon Haul, a storefront in its app offering “crazy low prices” on a range of items, with free shipping on $25+ orders, to take on Temu and Shein — Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20 … | The Information: |
Sources: Instagram's ad unit plans to launch ads on Threads in early 2025; Meta's public statements imply any ad rollout for Threads next year will be slow — Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app's rapid growth … | Charles Daly / Bloomberg: |
Klarna files for a US IPO; analysts put Klarna's implied valuation at ~$14.6B in October 2024 after shareholder Chrysalis upped the value of its stake to ~$154M — Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation … | Emma Roth / The Verge: |
Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Italy, Spain, and other EU countries — As Google continues to navigate its relationship with publishers, regulators, and news readers, the company is starting a pretty drastic test … | Michael Nuñez / VentureBeat: |
Google DeepMind releases AlphaFold 3's source code and model weights for academic use, which could accelerate scientific discovery and drug development — Google DeepMind has unexpectedly released the source code and model weights of AlphaFold 3 for academic use, marking a significant advance … | Krystal Hu / Reuters: |
| Bloomberg: |
How gambling apps are indebting Brazilians, after legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors — The boom shocked policy makers who are now scrambling to control it — At the headquarters of the United Nations … | Jamie Crawley / CoinDesk: |
Toronto-based Zero Gravity Labs, which is building a decentralized AI operating system, raised a $40M seed and secured a $250M “token purchase commitment” — The seed round included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon and Animoca Brands| Emma Roth / The Verge: |
YouTube is testing a feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts using text prompts to change elements — YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts.| Anissa Gardizy / The Information: |
Sources: execs at xAI's rivals were alarmed by how fast the startup set up the 100K GPU cluster Colossus; a source says Sam Altman argued with Microsoft over it — On a sunny day last month, a propeller plane made multiple passes in the air over a large industrial building surrounded … | Simon Willison / Simon Willison's Weblog: |
A look at Qwen2.5-Coder-32B-Instruct, which Alibaba claims matches GPT-4o's coding capabilities and is small enough to run on a MacBook Pro M2 with 64GB of RAM — There's a whole lot of buzz around the new Qwen2.5-Coder Series of open source (Apache 2.0 licensed) LLM releases from Alibaba's Qwen research team.| Taylor Herzlich / New York Post: |
Source: the FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning — The FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning — just a week after the election-betting platform successfully predicted President-elect Donald Trump's win, The Post has learned.| Charlie Sorrel / iFixit News: |
Mac mini (2024) teardown: the SSD is proprietary but replaceable, the front ports are modular, and the M4 Pro model has a beefier cooling rig than the M4 model — It shouldn't be a big story that a desktop computer has upgradeable internal storage, but with Apple's cute new 2024 Mac mini, that's exactly where we are.| Sarah Emerson / Forbes: |
A group of 13 former TSMC staff sue the company in California over an alleged “discriminatory scheme” that favors Taiwanese foreign workers at its US plants — Taiwan Semiconductor Manufacturing Company has been accused by a group of its U.S. employees of concocting a … | Spencer Soper / Bloomberg: |
Amazon recently told staff with disabilities that it was adding a more rigorous vetting process to approve working from home, as it moves to five days per week — New ‘multilevel leader review’ can take weeks and has prompted concerns that affected corporate workers will give up and quit.| Annie Palmer / CNBC: |
Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge — Amazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the matter.| Zheping Huang / Bloomberg: |
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong — - Net income for the September quarter beat analyst estimates — Tencent kicks off a busy earnings season for China tech| Ivan Mehta / TechCrunch: |
Just Eat Takeaway says it is selling Grubhub to Wonder in a $650M deal expected to close in Q1 2025; Just Eat bought Grubhub for $7.3B in 2020 — Netherlands-based food delivery company Just Eat Takeaway.com said on Wednesday that it is selling its U.S. business Grubhub to New York-based Wonder Group …
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