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December 2, 2024, 11:20 AM
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| Kyle Wiggers / TechCrunch: |
Intel says CEO Pat Gelsinger retired and left its board on December 1, and names CFO David Zinsner and Client Computing Group GM Michelle Holthaus as co-CEOs — Intel has announced that CEO Pat Gelsinger has retired, effective December 1, and stepped down from the company's board of directors.
More: Intel, CNBC, VideoCardz.com, The Verge, Club386, PCWorld, MacRumors, Washington Post, Engadget, The Register, The Information, Oregonian, Financial Express, Investor's Business Daily, Associated Press, Windows Central, Tom's Hardware, XDA Developers, CRN, Columbus Business Journal, Wall Street Journal, Financial Times, Business Insider, Thurrott, Reuters, Computerworld, Neowin, ExtremeTech, Guru3D, PC Gamer, OC3D, realtor.com, TweakTown, Forbes, CBS News, New York Times, ITPro, RCR Wireless News, Analytics India Magazine, ServeTheHome, Quartz, News18, Wccftech, NBC News, WinBuzzer, Digital Trends, Evertiq AB, Investopedia, Notebookcheck, Fox Business, Bloomberg, Barron's Online, Electronics Weekly, Bloomberg Law, and Yahoo Finance
Bluesky: @caro-milanesi, @jamesaltonsanders.com, @anildash.com, @quinnypig.com, and @bdsams.com. Threads: @carnage4life
X: @thetranscript_, @iancutress, @patrickmoorhead, @pgelsinger, @_fabknowledge_, @kevinsxu, @halvarflake, @kenli729, @underfox3, @iancutress, @caro_milanesi, @dylanonchips, @herbgreenberg, @squashbionic, @wenyee_lee, @aschilling, and @andrewcurran_
Forums: r/LinusTechTips and r/intelstock
| Bloomberg: |
Sources: Intel CEO Pat Gelsinger was given the option to retire or be removed after the board lost confidence in his plans to turn around Intel — - Gelsinger was given the option to retire or be removed — Company's CFO and product CEO to serve as interim leaders
More: Associated Press, PCMag, HotHardware, eeNews Europe, Fortune, Benzinga, Channel Futures, Capacity Media, Patently Apple, and insideHPC
| Kyle Wiggers / TechCrunch: |
AWS launches Data Transfer Terminal to let customers upload their data to AWS Cloud by plugging in their storage devices at a set of physical locations — At its re:Invent 2024 conference in Las Vegas, Amazon on Sunday announced a somewhat unusual new service for Amazon Web Services (AWS) … | Belle Lin / Wall Street Journal: |
AWS CEO Matt Garman kicks off his first re:Invent event by discussing upcoming “real, needle-moving” announcements, no end for the AI race, Anthropic, and more — As the cloud-computing leader kicks off its re:Invent conference, Chief Executive Matt Garman says there is no end in sight to the artificial intelligence race
More: PYMNTS.com, Benzinga, CRN, and SiliconANGLE
| Kyle Wiggers / TechCrunch: |
AWS announces Security Incident Response, a service to help clients prepare for, respond to, and recover from cybersecurity events, including ransomware attacks — Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three …
More: Tech Monitor, Dark Reading, Silicon Republic, WinBuzzer, and Help Net Security
| Financial Times: |
OpenAI CFO Sarah Friar says OpenAI is weighing an ads model, but plans to be “thoughtful”; sources and LinkedIn analysis: OpenAI hired Meta and Google ad talent — ChatGPT maker hires advertising talent from big tech rivals — OpenAI is discussing plans to introduce advertising …
More: Search Engine Land, PYMNTS.com, Ghacks, MediaPost, Neowin, Cybernews.com, Proactive, and WinBuzzer
Bluesky: @estherschindler, @lukaszolejnik, and @rustybrick.com
X: @mrdylancollins and @eric_seufert
| Wall Street Journal: |
The US adds new HBM chip transfer restrictions for China, the fourth attempt in three years to curb China, and adds 140 Chinese companies to its trade blacklist — Export of memory chips used in AI applications is restricted, but delayed announcement gives Chinese companies chance to stock up
More: The Information, Capital Brief, Tom's Hardware, Financial Times, PCMag, Business Insider, TechRadar, Reuters, TechPowerUp, Benzinga, Bloomberg, Yahoo Finance, Washington Post, Semafor, TrendForce News, New York Times, Wired, and Tech in Asia
X: @lithos_graphein, @fbermingham, and @geoffreygertz
| Jowi Morales / Tom's Hardware: |
OpenWrt releases the $89+ OpenWrt One router, a “hacker-friendly device” with open-source firmware, two Ethernet ports, three USB ports, and dual-band Wi-Fi 6 — This ‘Unbrickable’ router should never fail you. … The group worked together to draft the specifications for this router …
More: The Register, Software Freedom Conservancy, How-To Geek, The Verge, OpenWrt Wiki, OpenWrt Wiki, It's FOSS News, PCMag, and Liliputing
Forums: Hacker News, r/openwrt, and r/technology
| Laura Dobberstein / The Register: |
The UN's ITU and the International Cable Protection Committee announce a 40-member global advisory body to support the resilience of submarine telecom cables — On the same day that a submarine cable suspected of having been cut by a Chinese ship was repaired, two major telco bodies convened …
More: The Record, ITU, TechRadar, and Total Telecom
| Bloomberg: |
Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a ~$2.6B valuation and claims nearly $150M in contracts — - Jim Keller's Tenstorrent designs chips and systems for AI jobs — Samsung and LG also among investors in Series D round
More: PYMNTS.com, Tom's Hardware, Tenstorrent, CCN.com, Proactive, Quartz, and Wall Street Pit
| Sidhartha Shukla / Bloomberg: |
CoinGecko: Ripple-linked XRP's market cap passes $137B to become the third-largest cryptocurrency, up from less than $30B on November 5 when Donald Trump won — - The cryptocurrency gained as much as 15% Monday to hit $2.50 — Since the US election it has added over $100 billion in value
More: Tech in Asia
| Mark Bergen / Bloomberg: |
Amsterdam-based Nebius, which rebranded itself from Russian internet giant Yandex and offers cloud services for AI, raised $700M from Nvidia, Accel, and others — Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate … | Ingrid Lunden / TechCrunch: |
New York-based Upwind, which sells tools to secure cloud infrastructure, raised a $100M Series A led by Craft Ventures at a $900M post-money valuation — In November, TechCrunch broke the news on how cybersecurity startup Upwind was getting a lot of inbound interest to raise money on a big valuation.
More: Globes Online, CTech, Reuters, and ACCESSWIRE
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