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September 4, 2024, 12:55 PM
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Top News

Reuters:
Safe Superintelligence, co-founded by ex-OpenAI chief scientist Ilya Sutskever, raised $1B from a16z, Sequoia, DST, and others, sources say at a $5B valuation  —  Safe Superintelligence (SSI), newly co-founded by OpenAI's former chief scientist Ilya Sutskever, has raised $1 billion in cash …
Max A. Cherney / Reuters:
Sources: Intel's contract manufacturing business has suffered a setback after tests with chipmaker Broadcom using Intel's advanced 18A chipmaking process failed  —  Intel's (INTC.O) contract manufacturing business has suffered a setback after tests with chipmaker Broadcom (AVGO.O) failed …
Ben Thompson / Stratechery:
Intel should spin off its foundry business, and the US government should subsidize cutting-edge chipmaking in the US via purchase guarantees for US-made chips  —  The best way to both save Intel and have leading edge manufacturing in the U.S. is to split the company, and for the U.S. government …
Rhian Lubin / The Independent:
Elon Musk, in an eventually deleted X post, promoted a Tucker Carlson interview with a Hitler apologist who downplayed the Holocaust and said Nazis were humane  —  Self-proclaimed historian Darryl Cooper claimed Winston Churchill ‘was the villain of Second World War’ and that millions …
Dan Goodin / Ars Technica:
Researchers detail a side-channel attack, which requires ~$11K worth of equipment and can be used to clone all YubiKeys running firmware prior to version 5.7  —  Sophisticated attack breaks security assurances of the most popular FIDO key.  —  The YubiKey 5, the most widely used hardware token …
Tom Henderson / Insider Gaming:
Ubisoft's stock fell 10%+ to an almost 10-year low in the past two days, giving it a market cap of €1.99B, following the lukewarm reception to Star Wars Outlaws  —  Ubisoft stock prices have tanked by over 10% in the past two days following a lukewarm reception to Star Wars Outlaws.
Anna J Kaiser / Bloomberg:
Sources: a16z shut its Miami office in May 2024 because staff weren't using it enough; VC funding to Miami-based startups has flagged since 2022's crypto rout  —  When Andreessen Horowitz opened an outpost in Miami Beach, the $43 billion venture capital giant bolstered the region's ambitions of becoming a tropical tech mecca.
David Ingram / NBC News:
Meta's Oversight Board rules that the phrase “from the river to the sea” is not necessarily hate speech when addressing the Israeli-Palestinian conflict  —  The independent board said the phrase has ‘multiple meanings’ and is important to political speech on Instagram and Facebook.
Will Shanklin / Engadget:
Microsoft says Intel's Core Ultra 200V and AMD's Ryzen AI 300 chips will support Copilot+ AI features from November 2024, expanding from Qualcomm exclusivity  —  A software update will bring features like Live Captions, Cocreator in Paint and Windows Studio Effects.
Sean Hollister / The Verge:
Qualcomm announces its first eight-core Snapdragon X Plus chips, which will ship in new Asus Zenbook S 15 and Dell Inspiron 14 laptops, available for $899 each  —  Today, the company's announcing its first 8-core Snapdragon X Plus chips, which will feature in a new Asus Zenbook S 15 and Dell Inspiron 14 that'll retail for $899 each.
TechCrunch:
X debuts a beta TV app “on several app stores”, like for Amazon Fire TV and Google TV, to court advertisers, creators, and partners to a “video-first platform”  —  Years ago, Twitter tried but eventually walked away from building TV apps after getting a lukewarm reception.
Bloomberg:
Sources: the US DOJ sent subpoenas to Nvidia and others, seeking evidence that Nvidia violated antitrust laws by making it harder to switch suppliers and more  —  - Department also sent subpoenas to third parties in case  — Nvidia has built a dominant position in AI computing
Maxwell Zeff / TechCrunch:
Anthropic launches Claude Enterprise, offering a context window of 500,000 tokens, higher rate limits, and GitHub integration, but refuses to disclose the price  —  Anthropic is launching a new subscription plan for its AI chatbot, Claude, catered towards enterprise customers …
Tom Warren / The Verge:
In July 29 comments to the UK CMA, Microsoft says Apple's App Review Guidelines changes aren't enough for it to operate a native Xbox Cloud Gaming app for iOS  —  Earlier this year Apple started opening up its App Store to game streaming services like Xbox Cloud Gaming and GeForce Now …
Paul Sawers / TechCrunch:
The UK CMA says Microsoft's acquihire of Inflection's team doesn't cause competition concerns, and won't pursue an investigation, but calls the deal a merger  —  Good news for Microsoft: The U.K.'s antitrust regulator says that the tech titan's high-profile acquihire of the team behind AI startup Inflection …
Yang Jie / Wall Street Journal:
A test of ~1,300 top games on Microsoft's ARM Copilot+ PCs finds only about half ran smoothly; Microsoft says some titles with demanding graphics may not run  —  Qualcomm-Arm processor chips have compatibility problems with ‘Fortnite’ and other titles  —  The latest Windows personal computers …
Aisha Counts / Bloomberg:
Letter: Evan Spiegel tries to rally Snap's employees amid a ~45% YTD stock drop and says Snap plans to test two new ad formats in the chat inbox and on Snap Map  —  - Snap's stock is down almost 50% on ad business struggles  — Social media app will begin testing new advertising formats
Reuters:
Nvidia stock fell 9.5% on Tuesday, losing $279B in market value, the biggest single-day drop for a US company, as investors soften their optimism about AI  —  Shares of AI heavyweight Nvidia (NVDA.O) tumbled 9.5% on Tuesday in the deepest ever single-day decline in market value for a U.S. company …

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From Mediagazer

Associated Press:
President Trump signed an EO on May 1 instructing CPB and other agencies to cut federal funding for NPR and PBS, alleging “bias” in the broadcasters' reporting

Minho Kim / New York Times:
An appeals court allows the Trump admin to continue withholding funds from federally funded newsrooms, temporarily reversing parts of two lower-court rulings

Sean Burch / The Wrap:
The LA Times Guild says 14 of its members have been laid off, or 6% of its newsroom staff, the third round of newsroom layoffs at LAT in as many years

More News

Bloomberg:
Blackstone agrees to acquire Australian data center operator AirTrunk in a deal valuing the company at around $16.1B

Earlier Picks

Tom Warren / The Verge:
Following poor sales, Sony stops selling Concord, a $40 FPS game that launched for PS5 and PC on August 23 after eight years of development, and offers refunds
Ryan Morrison / Tom's Guide:
China-based MiniMax launches video-01, its text-to-video AI model that generates six-second clips with 1280x720 resolution at 25 fps
Thomas Claburn / The Register:
The White House publishes a roadmap to shore up the weak security of the Border Gateway Protocol, which has long been vulnerable to route hijacking
CoinDesk:
Docs: Trump's crypto project, World Liberty Financial, is a DeFi lending service with four members who worked on Dough Finance, a similar app hacked in July
Juby Babu / Reuters:
SpaceX says it's complying with a Brazilian Supreme Court justice's order to block Starlink access to X in Brazil, after the country froze some of its assets
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