Techmeme
September 20, 2024, 5:20 PM

Top News

Bloomberg:
Constellation Energy plans to invest $1.6B to revive the Three Mile Island nuclear plant in Pennsylvania and sell all the output to Microsoft for data centers  —  Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
Wall Street Journal:
Sources: Qualcomm made a takeover approach to Intel in recent days  —  A deal for Intel would be massive and come at a time when the chip maker is sputtering.
Bloomberg:
A profile of Xbox President Sarah Bond, who helped mollify the UK CMA's concerns about the Activision acquisition and is leading the Xbox unit's transformation  —  A relative outsider, Sarah Bond is leading a high-stakes transformation of a company that's lagging behind Sony and Nintendo.
Jonathan Stempel / Reuters:
Filing: the US SEC says it intends to seek sanctions against Elon Musk for failing to appear for scheduled testimony for a probe into his $44B Twitter takeover  —  The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear …
Ingrid Lunden / TechCrunch:
Sources: Black Forest Labs, whose Flux.1 model powers Grok's image generator, is raising $100M at a $1B valuation; it came out of stealth with $31M in August  —  While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising …
Allie Garfinkle / Fortune:
Google Ventures CEO David Krane about GV's first 15 years, operating independently from Alphabet, early investments in Nest and Uber, generative AI, and more  —  One of the first things David Krane and I do is look at some weird sculptures.  —  Walking through Google's Mountain View …
Timothy B Lee / Understanding AI:
OpenAI's o1 models are dramatically better at reasoning than previous LLMs, but they struggle with spatial reasoning and are far from human-level intelligence  —  It's not easy to stump OpenAI's new o1 models. … You might remember around Thanksgiving last year when news broke about Q* …
Tom Warren / The Verge:
Microsoft overhauls the Fluent design illustrations used across its products and services, shifting towards playful, 3D designs that bring back skeuomorphism  —  Microsoft is overhauling the illustrations it uses throughout its products and services to make them less flat and more playful and interesting.
Vishal Chawla / The Block:
Singapore-based crypto exchange BingX suffered a security hack on its hot wallet, resulting in a “minor” loss; PeckShield: the loss was $43M in cryptocurrencies  —  - BingX suffered an apparent security exploit on its hot wallet.  — Security analysts at PeckShield estimated …

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Earlier Picks

Robbie Whelan / Wall Street Journal:
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Bloomberg:
CNBC:
Cecilia Kang / New York Times:
Jay Peters / The Verge: