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January 13, 2025, 6:35 PM
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Top News

Financial Times:
The Biden admin unveils a new chip export rule that gives 18 key allies full AI chips access while requiring licenses from most other countries, including China  —  US semiconductor industry warns move will aid competitors  —  The US is imposing expansive export controls on chips used …
Reuters:
Nvidia criticizes the Biden admin's new chip export rule, saying the regulation would “undermine” the US' AI leadership and “weaken” its global competitiveness  —  Nvidia (NVDA.O) on Monday criticized a new effort by the Biden administration to tighten Washington's grip …
Will Knight / Wired:
The US' new chip export rule enters a 120-day consultation period, requiring the Trump admin to listen to input, perhaps modify the rule, and then enforce it
Associated Press:
Under a new Biden rule, countries with caps on AI compute are restricted to buying 50K advanced GPUs, which could grow to 100K in deals with the US government
Mark Gurman / Bloomberg:
Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; Sonos names board member Tom Conrad as interim CEO  —  - 'We've let far too many‬‭ people down,' company tells staffers  — Former Snap and Pandora executive Tom Conrad named interim CEO
Leena Rao / Business Insider:
Chainalysis buys AI-agent security startup Alterya, sources say for ~$150M; Alterya is still in stealth mode but has clients including Coinbase, Square, Binance  —  - Chainalysis has acquired Alterya, a fraud-detection startup, for $150 million.  — Founded in 2022, Alterya uses AI to detect scams for financial and crypto firms.
Zeyi Yang / Wired:
Ahead of a likely US TikTok ban, users flee to Chinese apps Xiaohongshu, aka RedNote, and ByteDance's Lemon8, currently the top two apps in the US App Store  —  Some say they joined Xiaohongshu, which translates to “little red book,” to spite the US government after a ban on TikTok became more likely.
Richard Nieva / Forbes:
Jimmy Wales, Mark Ruffalo, others debut Free Our Feeds to raise $30M by 2028 to “billionaire-proof” AT Protocol, by making it easier for users to leave Bluesky  —  Free Our Feeds, which includes support from the Mozilla Foundation, is working with Bluesky to make sure …
Todd Bishop / GeekWire:
Microsoft is creating a new “CoreAI - Platform and Tools” unit led by Jay Parikh, the ex-Lacework CEO and Meta engineering executive who joined in October 2024  —  Microsoft is creating a new engineering division, led by the former global head of engineering at Facebook (now Meta) …
New York Times:
OpenAI publishes a “economic blueprint” for “AI in America”, calling on the new Trump admin to spur investment from the Middle East and avoid strict regulations  —  The maker of ChatGPT hopes to spur investment from the Middle East and avoid strict regulations on the development of new technologies.
Jonathan Stempel / Reuters:
SCOTUS declines to hear Meta's bid to avoid a class action by advertisers that accused the company of overcharging them by inflating their potential ad reach  —  The U.S. Supreme Court declined on Monday to hear a bid by Meta Platforms (META.O) to avoid a multi-billion dollar class action …
Kashmir Hill / New York Times:
Texas sues Allstate and its subsidiary Arity, accusing the insurer of illegally collecting and selling data about people's driving behavior through mobile apps  —  The lawsuit accuses Arity, an Allstate subsidiary, of collecting data about people's driving behavior through mobile phone apps …
Dominic Preston / The Verge:
Mastodon CEO Eugen Rochko plans to transfer Mastodon's ownership to a new non-profit, saying “Mastodon should not be owned or controlled by a single individual”  —  Mastodon says the decentralized network ‘should not be owned or controlled by a single individual.’
Eleanor Terrett / Fox Business:
Crypto payments platform MoonPay has acquired blockchain payment processor Helio, a source says for $175M  —  The acquisition follows partnerships with PayPal and Venmo  —  Crypto payments platform MoonPay has acquired blockchain payment processor Helio for $175 million …
Dan Mangan / CNBC:
The SEC says that two Robinhood broker-dealers agreed to pay $45M in combined penalties to settle charges that they violated over 10 securities law provisions  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices
Keir Starmer / Financial Times:
The UK's PM debuts plans to increase its public sector compute over 20x to spark a “national renewal”, saying the UK doesn't need to walk a US or EU path on AI  —  Going our own way will unleash national renewal  —  Artificial intelligence is the defining opportunity of our generation.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:35 PM ET, January 13, 2025.

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

Samuel Stolton / Bloomberg:
The European Commission grants conditional approval for Paramount's WBD acquisition as long as Paramount ends its EU distribution deal with Universal Pictures

Todd Spangler / Variety:
FCC Chairman Brendan Carr says ABC's decision to not carry Trump's July 16 speech about elections live will be part of its review for ABC-owned station licenses

Josh Gerstein / Politico:
A US judge rules that Trump must turn over detailed financial information of 400+ companies owned by a family trust in his defamation suit against the BBC

More News

Mary Ann Azevedo / TechCrunch:
Toronto-based Float Financial, which offers expense management software and corporate credit cards, raised a $48.5M Series B led by Goldman Sachs Growth Equity
Wall Street Journal:
Donald Trump Jr. is joining prediction-market startup Kalshi as a strategic adviser; CFTC called Kalshi “an online casino” in a December filing
Kerry Flynn / Axios:
T-Mobile agrees to acquire Vistar Media, which focuses on programmatic digital out of home advertising, for $600M in cash; the deal is expected to close in Q1

Earlier Picks

New York Times:
Sources detail DOGE, which is likely to work as more of a brand linked by Signal group chats coordinating US policy or personnel recommendations and recruitment
Counterpoint Research:
Global smartphone shipments grew 4% YoY in 2024 after a decade-low in 2023; top two brands, Samsung and Apple, were mostly flat, while Xiaomi grew 12% YoY
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