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September 21, 2024, 12:20 AM
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Top News

Wall Street Journal:
Sources: Qualcomm made a takeover approach to Intel in recent days, but a deal is far from certain; Intel's market cap is ~$93B and Qualcomm's is ~$188B  —  A deal for Intel would be massive and come at a time when the chip maker is sputtering.
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.
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 …
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* …
Olena Harmash / Reuters:
Ukraine bans the use of Telegram on official devices used by state officials, military personnel, and critical workers over fears of Russian spying  —  Ukraine has banned use of the Telegram messaging app on official devices used by state officials, military personnel and critical workers …
Josh Scott / BetaKit:
Motion, which sells analytics and research tools for creative strategists, raised a $30M Series B led by Inovia Capital, bringing its total funding to $42M  —  Inovia-backed startup's software enables creative strategists to turn data into ad ideas.  —  Toronto-based advertising technology startup Motion …
More: Motion and FinSMEs
FinTech Global:
Akur8, which uses AI to automate the generation of insurance pricing models, raised a $120M Series C led by One Peak, bringing its total raised to $180M  —  Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.
Meir Orbach / CTech:
Intezer, which develops AI-powered tools for autonomous security operations, raised a $33M Series C led by Norwest Venture Partners, taking total raised to $60M  —  The startups's Autonomous SOC platform uses AI models to simulate human analysts' decision-making process, effectively functioning as an extension of the security team.
More: Intezer and Intezer

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This is a Techmeme archive page. It shows how the site appeared at 12:20 AM ET, September 21, 2024.

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From Mediagazer

New York Times:
Court docs detail a smear campaign against actor Blake Lively via media articles and social media posts after she accused director Justin Baldoni of misconduct

Max Tani / @maxwelltani:
Memo: WaPo's Matt Murray lays out plans for WP Ventures, the “third newsroom”; Krissah Thompson will be editor and Samantha Henig will be general manager

Jack Dunn / Variety:
Trump appoints Mark Burnett, the British TV executive who created and produced the reality show The Apprentice, as a special envoy to the UK

More News

Leah Nylen / Bloomberg:
The judge overseeing the Google ad trial calls Google's testimony that it faces “fierce competition” from the likes of Microsoft and Meta “highly questionable”
Allie Garfinkle / Fortune:
Google Ventures CEO David Krane on GV's first 15 years, operating independently from Alphabet, early investments in Nest and Uber, generative AI, and more
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
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
George Hammond / Financial Times:
Sources: Thrive Capital has already provided $1B+ to OpenAI as part of the $6.5B round; OpenAI's existing backers a16z and Sequoia Capital are not participating

Earlier Picks

Manish Singh / TechCrunch:
Indian edtech startup Physics Wallah raised a $210M Series B led by hedge fund Hornbill Capital at a $2.8B valuation, up from a $1.1B valuation in June 2022
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
Robbie Whelan / Wall Street Journal:
Memo: Disney plans to stop using Slack in most units by the end of 2024, after a hacking group leaked 1TB+ of its data, including 44M Slack messages, in July
Jess Weatherbed / The Verge:
Google unveils Password Manager PIN to let Chrome users sync passkeys across Windows, macOS, Linux, ChromeOS, and Android devices, with iOS support coming soon
Bloomberg:
Brazil's Supreme Court orders X to reimpose a block or face a ~$920K daily fine after an update made X accessible; X says service restoration was “inadvertent”
CNBC:
Amazon launches Amelia, an AI tool designed to help third-party sellers resolve account issues and fetch sales and inventory data, in beta for select US sellers
Cecilia Kang / New York Times:
A US FTC report on the data practices of Meta, YouTube, TikTok, and six other companies finds “vast surveillance” of consumers to monetize their information
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