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Techmeme
September 20, 2024, 5:30 PM
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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 …
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  —  Venture groups believe ChatGPT-maker will eventually be the world's dominant AI company and worth trillions of dollars
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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About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:30 PM ET, September 20, 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

Axios:
Sources: G/O Media sold business news brand Quartz and commerce site The Inventory to software firm Redbrick, the fourth Quartz ownership change in seven years

Katie Campione / Deadline:
WGA members “overwhelmingly” ratify a new three-year deal with CBS News that includes AI protections and is modeled after a recent ABC News contract

Ella Creamer / The Guardian:
A judicial panel consolidates 12 copyright cases against OpenAI and Microsoft in New York, including cases from Ta-Nehisi Coates, John Grisham, and the NYT

More News

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
David Kirton / Reuters:
Huawei's $2,800 Mate XT trifold phone goes on sale in China, amid analysts' supply concerns; IDC: preorders surpassed 6.5M, versus ~3.9M foldables shipped in Q2
Julia King / Fierce Network:
Nvidia launches AI Aerial, which integrates AI into radio access network tech and could allow telcos to run third-party AI apps at the network's edge
Ethan Gach / Kotaku:
Sources: Concord's game director steps down, as Firewalk, the studio behind the PlayStation flop, is left in limbo, with some staffers expecting mass layoffs

Earlier Picks

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
Lorenzo Franceschi-Bicchierai / TechCrunch:
macOS 15 Sequoia appears to have broken security tools made by CrowdStrike, SentinelOne, Microsoft, and others; CrowdStrike had to delay support for Sequoia
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
Jay Peters / The Verge:
Nintendo and The Pokémon Company sue Palworld developer Pocketpair for allegedly infringing “multiple patent rights”; Palworld sold 5M+ copies in January 2024
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