| Gabe Rivera / Techmeme News: |
On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions — Please clap for Techmeme — Techmeme turns 20 freaking years old today. This is our self-congratulatory post marking the occasion.| Tanaya Macheel / CNBC: |
Gemini closed up 14.3% at $32 per share in its Nasdaq debut, giving it a ~$3.8B market cap, after the Winklevoss twins' crypto exchange raised $425M in its IPO — Shares of Gemini Space Station rallied 14% on Friday after the exchange operator raised $425 million in an initial public offering.| Daniel Kuhn / The Block: |
Tether launches the US-regulated USAT stablecoin and names Bo Hines, the former Executive Director of the White House Crypto Council, as CEO of its new US unit — - USAT is designed to be a U.S.-regulated, dollar-backed stablecoin and a complement to USDT, which has about $169 billion in circulation.| Annie Palmer / CNBC: |
Opendoor's new chairman Keith Rabois says “I don't know what most” of its 1,400 employees do and the company doesn't need “more than 200 of them” — Opendoor co-founder and newly minted board chair Keith Rabois said remote work and a “bloated” workforce have been a drag … | Sarah Perez / TechCrunch: |
Mastodon plans to roll out quote posts next week, with safety features that give users several ways to control how their posts can be quoted, to avoid “dunking” — Mastodon, an open source, decentralized alternative to X, is rolling out a somewhat controversial feature by adding quote posts, which will launch next week.| Mark Gurman / Bloomberg: |
Sources: Robby Walker, one of Apple's most senior AI executives who was in charge of Siri until earlier this year, is leaving the company next month — Apple Inc.'s Robby Walker, one of the iPhone maker's most senior artificial intelligence executives, is leaving the company, according to people with knowledge of the matter.| Coco Feng / South China Morning Post: |
Apple delays iPhone Air preorders in China, likely over eSIM regulatory issues, and replaces the launch schedule with “release information to be updated later” — Apple says all three state-owned telecoms network operators would provide eSIM support ‘subject to regulatory approval’| Jaures Yip / CNBC: |
OpenAI unveils Grove, a five-week mentorship program for nascent tech entrepreneurs, hosted in its San Francisco HQ, with ~15 participants in its first cohort — OpenAI on Friday introduced a new program, dubbed the “OpenAI Grove,” for early tech entrepreneurs looking to build with artificial intelligence … | Barbara Moens / Financial Times: |
The EU ends an antitrust probe against Microsoft with no fine and accepts its concessions, including offering Office without Teams in Europe for seven years — US tech group faced scrutiny over how it bundled together its Teams and Office products — Microsoft has avoided an EU fine … | Pranav Baskar / New York Times: |
Over 100K Nepali citizens regularly met on Discord to nominate an interim leader, after protests sparked by a social media ban led to the government's collapse — “The Parliament of Nepal right now is Discord,” a user said of the platform popular with video gamers, where tens of thousands are debating the nation's future.| Wall Street Journal: |
Some 20-somethings flocking to SF to build trillion-dollar AI startups say no to booze, sleep, and fun as they strive to be, or appear to be, the most obsessed — To reach the dream of creating a trillion-dollar company, the 20-somethings flocking to San Francisco give up everything but their laptops| Pei Li / Bloomberg: |
Sources: Tencent recruited prominent AI researcher Yao Shunyu from OpenAI; a source and Chinese media say Tencent offered him a CN¥100M+, or ~$66M, pay package — Tencent Holdings Ltd. has recruited a prominent artificial intelligence researcher from OpenAI in one of the most high-profile defections … | Chance Miller / 9to5Mac: |
The US FDA clears hypertension notifications on Apple Watch, and Apple plans to roll out the feature to Series 11, 10, and 9, and Watch Ultra 3 and 2 next week — When Apple announced the new Apple Watch Series 11 and Apple Watch Ultra 3 this week, it unveiled its latest health feature: hypertension notifications.| Qianer Liu / The Information: |
Sources: Alibaba and Baidu have begun using their own chips, like the Zhenwu and the Kunlun P800, to train their AI models, partly replacing Nvidia's AI chips — Chinese tech giants Alibaba Group and Baidu have begun using their own internally designed chips to train their artificial intelligence models … | Yoolim Lee / Bloomberg: |
SK Hynix announces that it has completed development of HBM4, the next generation of high-bandwidth memory crucial for AI work; stock jumps 7% to a record high — SK Hynix Inc.'s stock climbed 7% on Friday to a record after the company announced it had completed development of HBM4 … | The Information: |
Sources: Polymarket considers an offer valuing it at ~$9B, up from $1B in the summer; Kalshi is close to raising money at a $5B valuation, up from $2B in June — Startups that enable people to bet on events such as the New York mayoral race, NFL games and the Federal Reserve rate decisions … | Ina Fried / Axios: |
OpenAI and Microsoft say they “signed a non-binding memorandum of understanding for the next phase of our partnership”, and are working to finalize the terms — OpenAI and Microsoft said Thursday they have reached preliminary terms on a revised partnership and are “actively working to finalize” a definitive agreement.| Ashley Capoot / CNBC: |
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