| Bloomberg: |
Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users — - Polymarket says FBI agents seized CEO's phone, electronics — Platform has taken recent measures to weed out US traders| 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 staff at the end of 2023 — According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce.| Bloomberg: |
Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January 2025 — The new software, codenamed “Operator,” is set to be released in January. — OpenAI is preparing to launch a new artificial intelligence agent codenamed … | The Information: |
Sources: Instagram's ad unit plans to launch ads on Threads in early 2025; Meta's public statements imply that any Threads ad rollout in 2025 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 … | Ian King / Bloomberg: |
Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B est., net income down 25% to $2.7B, and forecasts Q2 revenue above estimates — - Company has been working to recover from yearlong slump — Federal government spending is seen as a weak spot for Cisco| Lauren Forristal / TechCrunch: |
Google announces new features for the Fitbit Ace LTE, its smartwatch for kids, including family group chats, messaging for siblings, and a new mini-game — Fitbit's Ace LTE, the smartwatch designed for ages 7+, is introducing new features to help families stay connected and get active together.| Sergiu Gatlan / BleepingComputer: |
FBI and CISA: Chinese hackers breached multiple US telecom companies, compromising the “private communications” of US officials and stealing customer call data — CISA and the FBI confirmed that Chinese hackers compromised the “private communications” of a “limited number” … | 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 … | Krystal Hu / Reuters: |
CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation — AI cloud startup CoreWeave said on Wednesday it has closed a $650 million minority investment led by Jane Street, Magnetar … | Ingrid Lunden / TechCrunch: |
DeepL debuts DeepL Voice to give users real-time text translations of others speaking in one of 13 different languages; DeepL had a $2B valuation in May 2024 — DeepL has made a name for itself with online text translation it claims is more nuanced and precise than services from the likes of Google … | Jackie Davalos / Bloomberg: |
In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more — - The startup called for a ‘North American Compact on AI’ — OpenAI said US must backstop, streamline AI infrastructure| 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 … | Ava Benny-Morrison / Bloomberg: |
US filing: FTX co-founder Gary Wang, due for sentencing on November 20, built “tools” to help the US detect potential fraud in the stock and crypto markets — - Prosecutors said the Wang offered ‘outstanding’ cooperation — Much like his former FTX colleagues that became government witnesses … | Anne Steele / Wall Street Journal: |
Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January 2025, to let Premium users view podcast videos without ads — Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads| Natasha Lomas / TechCrunch: |
UK consumer rights group Which? launches a legal claim against Apple, seeking £3B in compensation, alleging that Apple locked ~40M UK users into iCloud services — U.K. consumer rights group ‘Which?’ is filing a legal claim against Apple under competition law on behalf of some 40 million users … | Bloomberg: |
Sources: the UK Treasury is planning to introduce legislation on stablecoins and staking; the FCA says it plans to publish a crypto regulatory roadmap “shortly” — - Government to introduce legislation on stablecoins, staking — UK faces industry pressure for clarity as US, EU set pace| Alex Kantrowitz / Big Technology: |
Q&A with Spotify Co-President and CTO Gustav Söderström on AI-generated music, NotebookLM podcasts, AI recommendations, improving discoverability, and more — Spotify's Gustav Söderström talks about AI music, Notebook LM podcasts, and the nuance of building better discovery using LLMs.| Abner Li / 9to5Google: |
Google says real-time protections against scam calls and malicious apps are rolling out on Pixel 6 or newer devices and coming soon to more Android phones — After demoing at I/O 2024 in May, Google is rolling out real-time Scam Detection for phone calls on Pixel devices.| Francesco Guarascio / Reuters: |
A look at Vietnam's expansion in the $95B chip packaging industry; SIA and BCG expect Vietnam to have 8%-9% of the global share by 2032, up from 1% in 2022 — Foreign companies are expanding capacity in Vietnam for testing and packaging chips while domestic firms are eyeing investments … | Charles Q. Choi / IEEE Spectrum: |
Researchers detail RoboPAIR, an algorithm that is designed to induce robots, relying on LLMs for their inputs, to ignore models' safeguards without exception — Researchers induced bots to ignore their safeguards without exception — AI chatbots such as ChatGPT and other applications powered … | Samuel K. Moore / IEEE Spectrum: |
Nvidia B200 GPU and Google Trillium TPU debut on the MLPerf Training v4.1 benchmark charts; the B200 posted a doubling of performance on some tests vs. the H100 — The Nvidia B200 and Google Trillium debut on the MLPerf benchmark charts — Samuel K. Moore is IEEE Spectrum's semiconductor editor.| June Yoon / Financial Times: |
TrendForce: the ASP of high-end AI chips from Nvidia and others is ~5x more than conventional memory chips, creating a winner-takes-all trend in the chip sector — If you can't beat it, join the US company's supply chain — Twenty-five years ago, Intel made history by becoming … | Rest of World: |
Indian mom-and-pop “kirana” stores are struggling to compete with quick commerce on discounts and delivery; ~200K kirana stores have closed in the past year — Services like Blinkit and Zepto are estimated to put more than 25% of India's neighborhood kirana stores out of business by 2030.
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