| Financial Times: |
Sources: Meta plans to add displays to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development — Social media group accelerates plans to build ‘augmented reality’ headsets in battle with Apple and Google| Mark Gurman / Bloomberg: |
Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks — Also: Company ramps up work on turning AirPods into a health device.| Kyle Wiggers / TechCrunch: |
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP — Incoming president Donald Trump has confirmed reports that Sriram Krishnan, until recently a general partner at Andreessen Horowitz … | New York Times: |
In a first, Telegram is set to be profitable in 2024, with $1B+ in revenue, up from ~$350M in 2023, and ending 2024 with $500M in cash, as it grapples with debt — Even as Telegram faces legal scrutiny and grapples with billions in debt, it is set to be profitable for the first time as it tries cryptocurrencies, subscriptions and ads.| Manish Singh / TechCrunch: |
X raises US Premium+ prices by 37.5% to $22 per month, starting on December 21, and EU prices from €16 to €21 per month; the basic subscription still costs $3 — X is raising prices for its top-tier subscription service, Premium+, by 37.5% to $22 a month, marking … | Om Malik / On my Om: |
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost — I recently wrote about the future of the browser and Surf, a new app from the creators of Flipboard.| Bloomberg: |
Google says it plans to counter Japan's FTC over claims that it hobbles rivals in search; a source says Japan's FTC sent a cease-and-desist order to Google — - Google prepares case against antitrust watchdog's allegations — Regulators around the world are ramping up Big Tech scrutiny| Ethan Mollick / One Useful Thing: |
Google and OpenAI's AI product announcements over the past month have transformed the state of AI and show the breadth and pace of change — The last month has transformed the state of AI, with the pace picking up dramatically in just the last week. AI labs have unleashed a flood of new products … | Maxwell Zeff / TechCrunch: |
| Financial Times: |
Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January — Consortium likely to include Elon Musk's SpaceX in move to grab a bigger slice of $850bn US defence budget| New York Times: |
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs and other measures to block imports — The older-style chips are crucial for a wide array of appliances and other machinery, including weaponry.| Bloomberg: |
VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations — Mired in an industry downturn, investors that usually stick around for years are stepping back from jobs to start new firms — or getting pushed out.| Financial Times: |
SEC filings: senior Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling ~$350M and co-founder Martin Lorentzon selling $550M+ — Company co-founders reaped $900mn in gains this year — Senior Spotify executives and board members have sold $1.25bn worth …
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| Bloomberg: |