Techmeme
August 30, 2024, 9:40 AM

Top News

Takashi Mochizuki / Bloomberg:
Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after the strategy yielded few hit games and the Chinese market revived  —  - China's biggest game publishers are rethinking expansion plans  — ‘Wukong’ success also encouraged looking domestically for hits
Ryan Smith / AnandTech:
AnandTech shuts down after covering PC and mobile hardware for over 27 years; publisher Future plans to keep its website and articles live indefinitely  —  It is with great sadness that I find myself penning the hardest news post I've ever needed to write here at AnandTech.
Bloomberg:
Sources: Intel explores options to cope with historic slump, including a split of its product and foundry units and potentially scrapping some factory projects  —  - Once-dominant chipmaker looks to longtime bankers for help  — Possible moves could include split of product, foundry units
Bloomberg:
Sources: Nvidia, Apple, and Microsoft, the three most valuable tech companies, are in talks to join the funding round that would value OpenAI at over $100B  —  - Apple, Microsoft also have been in talks about participating  — Financing would value OpenAI at more than $100 billion
Leo Schwartz / Fortune:
Bridge, which aims to build a global payment network around stablecoins, raised $40M led by Sequoia and Ribbit, taking its total funding to $58M  —  The crypto industry has long sought a “killer app” to bring digital assets into the mainstream.  Recently, though, some are pointing …
Daniel Carvalho / Bloomberg:
A Brazilian Supreme Court justice blocks Starlink bank accounts in Brazil in a bid to force Elon Musk to pay X's fines; the court has also threatened to block X  —  - Starlink bank accounts blocked to pay for fines on X  — Court threatens to block X for lack of Brazil representative
Maxwell Zeff / TechCrunch:
Google rolls out Gmail Q&A, a feature that allows users who pay for Gemini to chat with and use the AI assistant for their emails, on Android and soon on iOS  —  Gmail users on Android devices can now chat directly with Google's AI assistant, Gemini, about their emails in the Gmail app.
Carl Franzen / VentureBeat:
Alibaba releases Qwen2-VL, a new AI model that it says can analyze videos longer than 20 minutes to summarize and answer questions about the videos' content  —  Alibaba Cloud, the cloud services and storage division of the Chinese e-commerce giant, has announced the release of Qwen2-VL …
More: QwenX: @alibaba_qwen, @altryne, @altryne, and @reach_vbForums: r/LocalLLaMA
Rachel Graf / Bloomberg:
A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”  —  Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk for promoting …
Ina Fried / Axios:
Kyle Wiggers / TechCrunch:
Magic, which makes AI tools for coding and to automate software development tasks, raised $320M from Eric Schmidt and others, bringing its total raised to $465M  —  Magic, an AI startup developing models to generate code and automate a range of software development tasks …

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More News

Jay Peters / The Verge:
Kif Leswing / CNBC:

Earlier Picks

Katie Paul / Reuters:
Zack Whittaker / TechCrunch:
Shirin Ghaffary / Bloomberg:
Nico Grant / New York Times: