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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From Mediagazer

Dan Kennedy / Media Nation:

The Chicago Sun-Times and the Philadelphia Inquirer ran a supplement featuring an AI-generated guide to summer books that do not exist

Saleah Blancaflor / Adweek:

IAB releases its updated Terms for Digital Advertising Agreements and opens a 60-day public comment period until July 21; IAB last updated its T&Cs in 2010

Joe Flint / Wall Street Journal:

Three US senators send Shari Redstone a letter questioning whether Paramount is engaging in bribery by settling Trump's lawsuit to influence merger approval

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.