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November 26, 2024, 1:15 PM
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Top News

Thomas Gryta / Wall Street Journal:
The US awards Intel up to $7.865B under the CHIPS Act to help build or expand chip plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024  —  Government grant is less than originally expected because the chip giant is also receiving separate funding for defense
Gian Volpicelli / Bloomberg:
Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations  —  Bluesky said it's working to comply with European Union rules after the bloc accused the fast-growing social media platform of flouting its digital regulations.
Casey Newton / Platformer:
A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100
Foo Yun Chee / Reuters:
Google proposes Search tweaks in the EU to comply with the DMA, including removing the map showing hotel locations and results in Germany, Belgium, and Estonia  —  Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic …
New York Times:
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship the “smartest” Mate phone, as it continues to face US chip curbs  —  Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market.  Now it is rolling out its newest phone, the Mate 70 series.
Bloomberg:
Sources: Xiaomi prepares a self-designed chip for its smartphones, to reduce its reliance on Qualcomm and MediaTek, with mass production set to begin in 2025  —  - Chinese firm is said to use in-house chips on 2025 phones  — Xiaomi's smartphone, EV businesses needs steady chip supply
Sara Fischer / Axios:
Meta says Threads had 35M new signups since November 1 and is now going on three months of 1M+ million signups per day; Threads had 275M+ MAUs in Q3 2024  —  - Bluesky said last week it now has more than 20 million users. … - According to the new data, another 20 million new signups have been added in the past 11 days.
Bill Donahue / Billboard:
Drake initiates legal action against UMG and Spotify for allegedly using bots, payola, and more to pump Kendrick Lamar's Not Like Us, a track that attacks Drake  —  In a legal petition, the star's company accuses UMG of serious wrongdoing — a stunning twist months after his high-profile feud with Kendrick.
Wall Street Journal:
A ransomware attack on major supply chain software provider Blue Yonder is disrupting operations at Starbucks, the UK's Sainsbury's and Morrisons, and others  —  Attack strikes operations managed through Blue Yonder, one of the largest supply chain technology providers
Reuters:
Brazil's antitrust regulator says Apple must allow app developers to link to external payment methods and to offer non-Apple in-app payment processing options  —  Brazilian antitrust regulator Cade said on Monday that Apple must lift restrictions on payment methods for in-app purchases …
Natalie Lung / Bloomberg:
Uber launches a data labeling service called Scaled Solutions, accepting gig worker signups from India, the US, Canada, Poland, and Nicaragua  —  - Rideshare giant wants to help other businesses train AI models  — Company accepting signups from India, US, Canada and Poland

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The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Gavin Blair / The Hollywood Reporter:
The Association of Japanese Animations: Japan's anime industry revenue grew 15.8% YoY to a record ~$28.5B in 2025, with overseas revenue reaching ~$16B

Selome Hailu / Variety:
Sources: Reese Witherspoon's Hello Sunshine lays off about 30 employees, roughly 50% of its staff, as it focuses on film and TV projects and its book club brand

More News

Shirin Ghaffary / Bloomberg:
/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation
Bloomberg:
Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition”
Financial Times:
Telegram's H1 2024 unaudited financial docs: revenue up 190% YoY to $525M, a $335M post-tax profit, and $1.3B in digital assets, vs. nearly $400M at 2023's end
Maria Deutscher / SiliconANGLE:
N-able, which sells software for managed service providers and spun off from SolarWinds in 2021, acquires DC-based cybersecurity company Adlumin in a $266M deal

Earlier Picks

Jordan Novet / CNBC:
Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income up 47% YoY to $207.1M, and drops “Video” from its name, now Zoom Communications Inc.
Teresa Xie / Bloomberg:
Tron founder Justin Sun invests $30M in Donald Trump's World Liberty Financial, making him the largest investor in the DeFi project; the US SEC sued Sun in 2023
Washington Post:
The US DOJ and Google made their closing arguments in the ad-market antitrust case before Judge Leonie Brinkema, who expressed some skepticism toward both sides
David Gilmour / Mediaite:
Elon Musk appears to confirm that X deprioritizes posts with links in their main text, to stop “lazy linking”, and tells users to “put the link in the reply”
Kyle Wiggers / TechCrunch:
Anthropic debuts the Model Context Protocol, an open-source standard for connecting AI assistants to data sources, to help AI models give more relevant answers
Aisha Malik / TechCrunch:
Instagram adds the ability for users to share their locations with friends via DMs for up to one hour, in select countries
Stephen Nellis / Reuters:
Nvidia unveils Fugatto, an AI model for generating music and audio that can also modify voices, trained on open-source data, and weighs whether to release it
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