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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.

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

Alex Weprin / The Hollywood Reporter:
Paramount's Shari Redstone backs CBS co-host Tony Dokoupil after execs criticized his work and says she lacks editorial control but “something needs to be done”

Priyanka.G / Reuters:
Spotify launches its free tier in South Korea after entering the market in 2021; South Korean artists have 5.8B+ average monthly streams on the platform

Jem Aswad / Variety:
A look at TikTok's negotiations with indie music labels and the November 1 end of its deal with Merlin, the trade group that represents 500+ smaller companies

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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