Techmeme
November 25, 2024, 10:25 AM

Top News

Bloomberg:
Sources: Sony is in the early stages of developing a portable console for PS5 games, building on the PlayStation Portal, although its debut is likely years away  —  - Nintendo's Switch has dominated mobile console space for years  — Rival Microsoft is also developing portable gaming prototypes
James Hunt / The Block:
MicroStrategy bought 55,500 bitcoin for ~$5.4B cash at an average price of $97,862 between November 18 and November 24, taking its holdings to ~386,700 bitcoin  —  - MicroStrategy has purchased another 55,580 BTC for approximately $5.4 billion at an average price of $97,862 per bitcoin.
Sarah Kessler / New York Times:
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019  —  Coding boot camps once looked like the golden ticket to an economically secure future.  But as that promise fades, what should you do?
More: Forbes and Freddie deBoer
Forums: Slashdot and Slashdot
New York Times:
Sources: Intel, the biggest recipient of CHIPS Act money, could get less than $8B, after its Ohio plant delays; the US announced $8.5B for Intel earlier in 2024  —  The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
Steven Overly / Politico:
Gary Marcus / Marcus on AI:
A skeptical look at the new AI scaling “laws”, including post-train duration and “inference time compute”, and why they may fail to predict AI model performance  —  Scaling laws ain't what they used to be  —  “If anything we are seeing the emergence of a new scaling law …
Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for a ~5% stake; Cantor holds most of Tether's $134B in assets  —  Before becoming Trump's commerce secretary pick, Lutnick deepened Cantor's ties with a stablecoin firm under investigation
Bloomberg:

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Washington Post:
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