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August 20, 2024, 3:55 PM
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Top News

Wall Street Journal:
PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-2009  —  Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets
Kate Knibbs / Wired:
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired  —  The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
Erin Woo / The Information:
A letter to investors claims Bolt is finalizing a $450M Series F at a $14B valuation with harsh terms for existing investors; Ryan Breslow aims to return as CEO  —  As startup founder comebacks go, this may rank as one of the most remarkable.  —  Bolt founder Ryan Breslow is returning …
Kirsten Korosec / TechCrunch:
Waymo co-CEO Tekedra Mawakana says Waymo is now giving 100K+ paid robotaxi rides every week in LA, San Francisco, and Phoenix, a few months after passing 50K+  —  Waymo disclosed Tuesday it's now giving more than 100,000 paid robotaxi rides every week across its three main commercial markets in Los Angeles, San Francisco, and Phoenix.
CNBC:
Waymo unveils its cheaper “generation 6” self-driving tech that's integrated with Geely Zeekr vehicles, with 13 cameras and 4 lidar sensors, down from 29 and 5
Sankalp Phartiyal / Bloomberg:
Sources: Apple plans to make the most expensive iPhone models in India for the first time, as Foxconn rushes to produce iPhone 16 Pro and 16 Pro Max in India  —  - Plan shows Apple making further progress with India assembly  — Company is shifting output to India to diversify beyond China
Zack Whittaker / TechCrunch:
Flight tracking site FlightAware, which claims 10M+ monthly users, reports a breach dating back to January 2021 that exposed names, SSNs, addresses, and more  —  Flight tracking site FlightAware has blamed a “configuration error” for exposing a raft of personal information of its customers …
Daniel Tencer / Music Business Worldwide:
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit  —  The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation …
Bloomberg:
Chinese-made, Tencent-backed game Black Myth: Wukong became Steam's second most popular title ever within hours of its launch, gaining 2.1M+ concurrent players  —  - The made-in-China blockbuster surpasses Cyberpunk play record  — Monkey King epic on track to set records for concurrent gamers
Blake Brittain / Reuters:
Writers and journalists Andrea Bartz, Charles Graeber, and Kirk Johnson sue Anthropic for misusing “hundreds of thousands of copyrighted books” to train Claude  —  Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court …
Connor Jones / The Register:
Cisco Talos says eight vulnerabilities in Microsoft's macOS apps could be abused by attackers to record video and sound from a device, log user input, and more  —  Windows giant tells Cisco Talos it isn't fixing them  —  Cisco Talos says eight vulnerabilities in Microsoft's macOS apps …
Anna Gross / Financial Times:
Ofcom says it has 460+ people working on enforcing the Online Safety Act and plans to grow that by 20% to 550+ by March 2025, or 33% of its 1,500 total staff  —  Online safety rules in the spotlight after violent unrest sparked by spread of misleading news on social media
Ryan Smith / AnandTech:
Qualcomm details its mid-range Snapdragon 7s Gen 3 SoC, based on TSMC's N4P, promising 40% better GPU performance than its 7s Gen 2, shipping via Xiaomi first  —  Qualcomm this morning is taking the wraps off of a new smartphone SoC for the mid-range market, the Snapdragon 7s Gen 3.

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This is a Techmeme archive page. It shows how the site appeared at 3:55 PM ET, August 20, 2024.

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

CNBC:
Comcast confirms plans to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, with Mark Lazarus as CEO; the separation may take about a year

Lauren Forristal / TechCrunch:
Tubi launches Scenes, a mobile feature that lets viewers watch 60-to-90-second trailer-style clips from its library to help with content discovery

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

More News

Tom Warren / The Verge:
Microsoft launches a single unified Teams app that allows switching between work, personal, and education accounts on Windows and Mac
Tom Warren / The Verge:
Nvidia plans to let users link an Xbox account to its GeForce Now streaming service to enable automatic sign-in for supported games, starting on August 22
Kamil Kowalcze / Bloomberg:
TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant and set to create 11K European jobs; the EU approves Germany's €5B subsidy

Earlier Picks

Nick Robins-Early / The Guardian:
Donald Trump shared AI-generated images on Truth Social that show Taylor Swift and her fans vowing their support for his campaign; Swift hasn't endorsed Trump
Perry Stein / Washington Post:
The FBI, ODNI, and CISA say they are “confident” that Iran was responsible for recent attempted hacks into the Trump and Biden-Harris presidential campaigns
Jaspreet Singh / Reuters:
Palo Alto Networks reports Q4 revenue up 12% YoY to $2.19B, vs. $2.16B est., projects its FY 2025 earnings above est., and ups its share buyback by $500M to $1B
Asa Fitch / Wall Street Journal:
AMD agrees to buy New Jersey-based ZT Systems, founded in 1994 to design and make servers, server racks, and other infrastructure, for $4.9B, closing in H1 2025
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