Techmeme: Sources: Apollo Global Management has offered to make an equity-like investment of as much as $5B in Intel (Bloomberg)

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September 23, 2024, 9:30 AM

Top News

Sergiu Gatlan / BleepingComputer:

The FBI arrests and charges two people in Miami over a conspiracy to steal and launder 4,100+ BTC, worth $230M+; ZachXBT says they targeted a Genesis creditor — Two suspects were arrested in Miami this week and charged with conspiracy to steal and launder over $230 million in cryptocurrency using crypto exchanges and mixing services.

More: US Department of Justice, CoinDesk, VICE, Hackread, NBC News, The Daily Hodl, and Originally Reported …

X: @zachxbt, @zachxbt, @cometcalls, @tayvano_, @silvermanjacob, @usao_dc, @inteledits, and @zachxbt

Felicia Schwartz / Financial Times:

The US Commerce Department proposes banning Chinese software and hardware for internet connected vehicles, effectively banning Chinese vehicles in the US — The Biden administration fears Beijing could collect data on American drivers or hack into cars — The US Commerce Department …

More: Reuters, CNN, Metacurity, The White House, The Hill, Axios, Bloomberg, Washington Post, Wall Street Journal, New York Times, Quartz, The Information, PYMNTS.com, Business Today, and Android Headlines

Bloomberg:

Sources: Apollo Global Management has offered to make an equity-like investment of as much as $5B in Intel — - Investment firm offered equity-like investment in chipmaker — Move comes as rival Qualcomm makes approach about takeover … The alternative asset manager has indicated …

Wall Street Journal:

Sources: TSMC and Samsung executives have visited the UAE and are considering building UAE-funded chip factories; TSMC denies any new international expansion — Potential projects in the United Arab Emirates could be worth more than $100 billion, though major hurdles remain

More: Barron's Online, PC Gamer, Semafor, Reuters, The Stack, The Circuit, Bloomberg, The Verge, The Decoder, The Korea Herald, CNBC, Benzinga, Asia tech wire, Gulf Business, TechNode, Edge Middle East, SamNews 24, and Sammy Fans

X: @matthew_pines, @dnystedt, @alexbward, and @reziemba. Forums: r/hardware

Financial Times:

Legacy carmakers struggle to keep pace as the focus shifts from engines to computing power; only Ford, GM, and BMW are in Gartner's digital performance top 10 — Legacy carmakers have struggled to keep pace as the focus has turned from the engine to computing power

More: CBS News. X: @1br0wn

Mark Gurman / Bloomberg:

Thoughts on Apple's slowing pace of iPhone hardware innovation, a closer look at its Apple Intelligence rollout plans, and iPhone 16 Pro Max first impressions — The new iPhone has tantalizing camera improvements, but the device is emblematic of Apple's slower pace of hardware innovation.

More: 9to5Mac, MacRumors, Macworld, AppleInsider, T3, Benzinga, HackerNoon, Gizmochina, Forbes, BGR, TechRadar, Tom's Guide, TechIssuesToday.com, iJustine on YouTube, PhoneArena, AppleInsider, The Mac Observer, Patently Apple, Motley Fool, Cult of Mac, Philip Elmer‑DeWitt, 9to5Mac, Hindustan Times, Business Insider, and Thurrott

Threads: @parkermolloy, @parkerortolani, @joannastern, and @michsoledesign

Mastodon: @khaost@mastodon.tz.is, @louie@pdx.social, and @matt@isfeeling.social

X: @markgurman, @sadlyitsbradley, @markgurman, @markgurman, @markgurman, @markgurman, @markgurman, and @markgurman

Forums: r/iphone and r/apple

Swati Gupta / Bloomberg:

The US and India announce plans for a new chip plant in India, producing infrared, gallium nitride, and silicon carbide chips, as Narendra Modi visits the US — - Plant to manufacture chips including infrared, gallium nitride — Narendra Modi is visiting the US for the annual Quad summit

More: Patently Apple, Inc42 Media, YourStory.com, and The White House. X: @narendramodi

Ivana Saric / Axios:

An analysis shows that at least 26 US states have passed or are considering bills regulating the use of generative AI in election-related communications — - There have already been instances of generative AI being “used to confuse - and even suppress - voters," Sen. Mark Warner (D-Va.) told Axios in an email.

More: Governor of California, Politico, Politico, Associated Press, Associated Press, and Washington Post. X: @johngramlich

Financial Times:

AI copilots are evolving into AI agents designed to take actions on behalf of users, as business software companies experiment with ways to sell generative AI — Microsoft, Salesforce and Workday latest to centre their plans on ‘AI agents’ as technology advances

More: PYMNTS.com and Christopher S. Penn

Aditya Kalra / Reuters:

Sources: Xiaomi asked India to recall its report that found the company and Walmart's Flipkart breached competition laws, saying it contains commercial secrets — China's Xiaomi (1810.HK) has asked India's antitrust body to recall its report that found the company and Walmart's Flipkart …

More: Business Today, The Economic Times, Inc42 Media, Benzinga, Tech in Asia, and Bloomberg

Jennifer Epstein / Bloomberg:

In an event that raised $27M, Kamala Harris vowed to help grow investments in “AI and digital assets”, her first comments on crypto as the presidential nominee — - Vice president says she'll encourage ‘innovative technologies’ — Fundraiser at Cipriani Wall Street venue raises $27 million

Sebastian Herrera / Wall Street Journal:

A profile of Amazon executive Rohit Prasad, who now oversees a new team of thousands to develop AI products for an Alexa upgrade and other businesses — Rohit Prasad is tasked with making the company a stronger rival to the likes of OpenAI, Microsoft and Google

More: AIM, The Daily Upside, and Tom's Guide

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:30 AM ET, September 23, 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

Benjamin Mullin / New York Times:

The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

The Hollywood Reporter:

Disney expects to spend $24B on content in 2025, up from $23.4B in 2024, due to sports programming expenses rising after NFL rate increases and NBA contracts

Alex Weprin / The Hollywood Reporter:

CEOs at Nexstar, Sinclair, and Tegna, plus some analysts, say they expect deregulation and consolidation in the broadcast TV industry under Trump's FCC

More News

Saritha Rai / Bloomberg:

Mumbai-based Qure.AI, which uses AI to help identify and manage critical diseases at 3K+ imaging sites, raised a $65M Series D led by Lightspeed and 360 ONE

Phuong Nguyen / Reuters:

Samsung plans to invest $1.8B to build a factory in northern Vietnam to make OLED displays for cars and tech equipment; Samsung has invested $22.4B in Vietnam

Jemima Kelly / Financial Times:

Similarweb: daily X users in the UK fell from 8M in May 2023 to 5.6M now, with 33%+ of the fall coming after the summer riots; US DAUs fell by ~20% in that time

Kit Chellel / Bloomberg:

A look at Bot Farm Corporation, a Siberia-based operation that raked in millions of dollars by deploying advanced poker-playing AI across gambling sites

More: mathewingram.com/work, The Overspill, Bloomberg Podcasts on YouTube, Longreads, and Poker.org

X: @alephblog, @andy_bloch, @jeremy_keehn, @kitchellel, @alexscott72o, @oldscooljay, @business, @pokercapone, @jasonteam651, and @kwansfull

Forums: r/technews, r/singularity, r/poker, and r/technology

Berber Jin / Wall Street Journal:

A profile of Alexandr Wang, CEO of Scale AI, which has 100K+ data labeling contractors, as he looks to expand to higher-margin AI tools to sustain growth

X: @natolambert, @morqon, @william_fitz, @garybasin, and @deliprao

Morgan Meaker / Wired:

A profile of French billionaire Xavier Niel, a driving force of French AI and ByteDance's newest board member, who believes Europe should pursue homegrown AI

More: Sifted. Bluesky: @jeczjan.bsky.social

Earlier Picks

Lionel Barber / Financial Times:

A profile of SoftBank's Masayoshi Son, who transformed the Japanese tech conglomerate into a global investment group and is criticized for high-risk investments

More: TechCrunch and Semafor

Threads: @librarian.capital and @daveleebbg. X: @lionelbarber

Dan Goodin / Ars Technica:

Law enforcement agencies shut down a phishing-as-a-service platform offered by iServer since 2018 that was used to unlock 1.2M+ stolen or lost mobile phones

More: Group-IB, BleepingComputer, The Record, Cybernews.com, CyberScoop, The Cyber Express, HealthcareInfoSecurity.com, Metacurity, SecurityWeek, Forbes, TechRadar, PCMag, The Hacker News, and Security Affairs

X: @groupib and @groupib. LinkedIn: Camill Cebulla

Victoria Song / The Verge:

With the Ray-Ban Meta smart glasses, which can easily slot into people's lives, Meta has exceeded expectations in a year when many AI gadgets flopped

More: acecomments.mu.nu, TechRadar, and Howie Town

Threads: @deesaxvr, @sashzabegalin, and @joshuanguyen. Instagram: iHeartRadio. Mastodon: @phfox@tech.lgbt. X: @mylesdyer. LinkedIn: Gennaro Cuofano

Washington Post:

Inside Equinix's 114,300-square-foot data center in Northern Virginia, a region that is home to the largest concentration of data centers in the world

More: DatacenterDynamics, Washington Post, and Blue Virginia

X: @washingtonpost, @postgraphics, @washpostpr, and @equinix

LinkedIn: My Truong and Christopher Kimm

Umar Shakir / The Verge:

What to expect from the Meta Connect 2024 keynote on September 25 at 1pm ET: new AI features powered by Llama 3.1, the cheaper Quest 3S headset, and more

More: ZDNET, T3, Laptop Mag, The Ghost Howls, The Indian Express, ZDNET, Notebookcheck, and Engadget

Threads: @dessy_ocean, @neolithicvrgame, @dilmerv, @reneses, and @arschleicher

X: @nathievr, @lunayian, @nanea, @lunayian, @lunayian, @nimazeighami, and @thecaptainspain

Dan Milmo / The Guardian:

Google says the UK risks being “left behind” in the AI race without more data centers and should relax laws barring AI models being trained on copyrighted works

More: Silicon Republic, Oxford Insights, Google, The Keyword, and The Keyword

X: @hugocguerra, @justine_roberts, and @parismarx

LinkedIn: Gareth Stokes and Debbie W.