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Techmeme
January 15, 2025, 2:50 AM
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Top News

Nicola M White / Bloomberg:
The SEC sues Elon Musk, claiming he failed to timely disclose a major purchase of Twitter shares ahead of his takeover of the social media platform in 2022  —  - Agency alleges billionaire ignored disclosure deadline in 2022  — Musk's lawyer says he did ‘nothing wrong’ and SEC has no case
Casey Newton / Platformer:
Sources and docs: Meta has dismantled its system that identified viral hoaxes and limited their reach, and told content-ranking teams to stop penalizing misinfo  —  The company built effective systems to reduce the reach of fake news.  Last week, it shut them down  —  I.
Emily Nicolle / Bloomberg:
Tether plans to relocate its corporate entity and subsidiaries to El Salvador after obtaining a digital asset service provider license in the country  —  - Company and all subsidiaries will relocate to El Salvador  — Stablecoin firm incorporated in the British Virgin Islands
Chris Welch / The Verge:
Email: Sonos CPO Maxime Bouvat-Merlin is leaving; some employees say he shares a significant amount of blame for the brand damage after the botched app revamp  —  A day after Sonos announced a CEO transition, the company is making more moves.  Chief product officer Maxime Bouvat-Merlin will also be leaving his position.
Sarah Perez / TechCrunch:
Decentralized Instagram alternative Pixelfed debuts iOS and Android apps; its Android app is the top Social app on Google Play in some markets, including the US  —  Pixelfed, a decentralized alternative to Instagram, has launched its official mobile apps.  The service today runs …
Sean Hollister / The Verge:
DJI removes its geofence around US “No-Fly Zones”, replacing it with a warning, saying the update “aligns” with FAA rules and follows similar changes in the EU  —  For over a decade, you couldn't easily fly a DJI drone over restricted areas in the United States.
Elliptic:
Huione Guarantee, a Telegram marketplace that facilitates “pig butchering” and other scams, recently launched several crypto products, including a stablecoin  —  - Huione Guarantee is a Telegram-based marketplace serving fraudsters in South East Asia, including those responsible for so-called “pig butchering” scams.
Zac Hall / 9to5Mac:
Apple joins UALink, an industry group working on a next generation AI accelerator architecture standard meant to challenge Nvidia's dominance with NVLink  —  Apple has officially gained a board seat on the Ultra Accelerator Link Consortium, a group of more than 65 members developing next generation AI accelerator architecture.
The Information:
Sources: TikTok plans to block access to its app for US users on Jan. 19 unless SCOTUS stops the ban; one source says a pop-up message will give users more info  —  TikTok plans to shut off its app for U.S. users on Sunday, the day a federal law will ban the app, unless the Supreme Court intervenes …
Kylie Robison / The Verge:
OpenAI launches Tasks, rolling out in beta to ChatGPT Plus, Team, and Pro subscribers, to let users schedule reminders, with up to ten active at any given time  —  OpenAI is launching a new beta feature in ChatGPT called Tasks that lets users schedule future actions and reminders.
Carly Page / TechCrunch:
The US says the FBI hacked ~4.2K devices in the US to delete PlugX, malware used by China-backed hackers since 2014, after obtaining warrants in August 2024  —  U.S. authorities have confirmed that they disrupted the operations of a Chinese state-backing hacking group, which infiltrated millions …
Riley Griffin / Bloomberg:
Internal memo: Meta is cutting roughly 5% of its staff through performance-based terminations and plans to hire new people to fill their roles this year  —  Meta Platforms Inc. is planning to cut about 5% of its lowest performers with the intent of backfilling their roles this year, according to an internal memo sent to employees.
Dan Primack / Axios:
Intel Capital plans to split off from its parent into a standalone fund with a new name in H2 2025; Intel Capital has invested $20B+ into over 1,800 companies  —  - It was founded in 1991, and has invested more than $20 billion into over 1,800 companies.
Nikkei Asia:
Analysis: the ten leading chip companies cut their fiscal 2024 capex by a combined $9.5B from initial plans due to a weakening demand for smartphones and EVs  —  TOKYO/SEOUL — The 10 leading global semiconductor companies are cutting capital spending from initial plans in the face …
More: Benzinga
Yoolim Lee / Bloomberg:
PUBG developer Krafton, whose Seoul-listed shares are up more than 70% since early 2024, plans to invest over $136M in 2025 in more than a dozen game studios  —  - Krafton CEO sets aside $136 million for new studio investments  — Company working with Nvidia on AI-powered game characters

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This is a Techmeme archive page. It shows how the site appeared at 2:50 AM ET, January 15, 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

Lillian Rizzo / CNBC:
Filing: Paramount seeks a $1.88B bond from state AGs, based on its calculation of ticking fees and other costs it will have to pay due to the WBD deal delay

Michael Calderone / New York Magazine:
Q&A with WHCA president Jacqui Heinrich about her role, Trump plane swap in Turkey, why the annual dinner is important, Karoline Leavitt stepping down, and more

Charlotte Tobitt / Press Gazette:
Cloudflare plans a shift from a “pay-per-crawl” to a “pay-per-use” model, and blocking AI bots creates “reliable scarcity” that is fuelling publisher AI deals

More News

CyberScoop:
Experts say Donald Trump and others pushing for stronger US cyber offense must clarify if escalation is a proper response to recent Chinese cyber breaches
Steven Vaughan-Nichols / ZDNET:
Red Hat acquires Neural Magic, which has built tools to boost generative AI inference workloads and raised $50M from a16z and others, for an undisclosed sum
Josh Russell / Courthouse News Service:
In federal court, lawyers for Microsoft and OpenAI defended the scraping of news stories to train LLMs and urged the dismissal of news outlets' copyright claims

Earlier Picks

Justine Calma / The Verge:
Biden signs an EO that directs the DOD and DOE to lease land to companies building gigawatt-scale AI data centers and clean power facilities, and more
Lorenzo Franceschi-Bicchierai / TechCrunch:
Sources and business records detail how Barcelona has emerged as an unlikely hub for spyware companies, raising concerns from digital rights groups
Ryan Browne / CNBC:
The UK CMA opens an investigation into whether Google has “strategic market status” in search and how it impacts consumers, advertisers, publishers, and rivals
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