Techmeme
October 11, 2024, 12:15 PM

Top News

NPR:
Faulty court filing redactions show TikTok executives were unconcerned with the harms the app poses for teenagers despite internal research validating concerns  —  For the first time, internal TikTok communications have been made public that show a company unconcerned with the harms the app poses for American teenagers.
Steve Dent / Engadget:
New York Times:
A look at Musk's unparalleled involvement in the US election; sources: Trump campaign contacted X to prevent the circulation of the hacked JD Vance dossier  —  Elon Musk is planting himself in Pennsylvania, has brought his brain trust to help and may even knock on doors himself.
Norman Goh / Nikkei Asia:
ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 in trust and safety; sources: 700+ were laid off  —  KUALA LUMPUR — ByteDance, the parent company of social media platform TikTok, confirmed on Friday that it will be laying off hundreds …
Business Insider:
Experts question the feasibility of Tesla's robotaxi plan, getting scale without rideshare partners, and cite Musk's history of missed FSD dates; TSLA down 7%+  —  - Tesla's driverless taxi plan has been met with skepticism over its feasibility and competition with rivals.
Rebecca Bellan / TechCrunch:
Kylie Robison / The Verge:
A look at the promise of AI agents as a way for companies to monetize models; PitchBook: AI agent startups raised $8.2B over the last 12 months, up 81.4% YoY  —  Humans have automated tasks for centuries.  Now, AI companies see a path to profit in harnessing our love of efficiency, and they've got a name for their solution: agents.
Threads: @kylie.robisonMastodon: @carnage4life@mas.toX: @spirosmargarisLinkedIn: Ben WaberForums: r/technology
Tom Warren / The Verge:
Microsoft plans to let US users buy and play Xbox games from the Xbox app on Android from November, after a judge ordered Google to open up the Play Store  —  Microsoft is planning to update its Xbox mobile app on Android to allow US users to purchase and then play Xbox games on their mobile devices next month.
Olga Kharif / Bloomberg:
Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; amongst the funds that invested in crypto, 33% plan to invest more in 2024  —  - That's up from 29% last year, per new AIMA and PwC report  — Many traditional hedge funds are active in crypto derivatives
Kif Leswing / CNBC:
AMD launches its Instinct MI325X GPU to compete with Nvidia's upcoming Blackwell chips and says production will start in 2024, but doesn't disclose its pricing  —  AMD launched a new artificial-intelligence chip on Thursday that is taking direct aim at Nvidia's data center graphics processors, known as GPUs.
Tobias Mann / The Register:
Bloomberg:
Sources: in negotiations with California lawmakers, Google insisted on taxpayer funding as a precondition to spending $110M to support the journalism industry  —  - Tech giant, state to spend $180 million to aid news industry  — Company pushed for taxpayer funds; beat back tougher bills
Hayden Field / CNBC:
CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months  —  CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.
More: Bloomberg, Axios, and Invezz

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