Techmeme
October 11, 2024, 9:55 AM

Top News

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:
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
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 …
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.
Decrypt:
Uniswap Labs unveils Unichain, an Ethereum Layer 2 blockchain built on Optimism tech, to enable faster, cheaper transactions and better liquidity across chains  —  Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.
Rebecca Bellan / TechCrunch:
Aarian Marshall / Wired:
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 and Invezz
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.
More: Investor's Business DailyThreads: @kylie.robisonMastodon: @carnage4life@mas.toX: @spirosmargarisLinkedIn: Ben WaberForums: r/technology
Wall Street Journal:
Sources: Salt Typhoon hackers still had access to some parts of US broadband networks within the last week, and investigators don't know what they were seeking  —  In letters to AT&T, Verizon and Lumen, lawmakers ask about proposed measures the companies will take to protect U.S. wiretap systems
More: Metacurity
BBC:
The US and the UK announce an agreement to keep children safer online, including plans to set up an online safety working group to share evidence and expertise  —  The argument over smartphones in schools has been “won”, the technology secretary Peter Kyle has told the BBC …
Jack Kubinec / Blockworks:
Stripe reintegrates crypto payments in the US, letting users pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, after disabling the feature in 2018  —  Customers can pay merchants in USDC or USDP on Ethereum, Solana, and Polygon, while US-based merchants are paid in dollars
Ingrid Lunden / TechCrunch:
LinkedIn says ~10M people have created pages on its Services Marketplace for freelancers, up 48% in the past year; it launched the marketplace in October 2021  —  More than 100,000 people have been laid off in the technology industry alone this year, and — either by circumstance or choice …
More: Tech.co

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
How remote support can make your Christmas stress-free  —  As Christmas approaches, the air fills with the anticipation of joy, family gatherings, and gift-giving.  While the season brings immense happiness …
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Techmeme Ride Home:
Mon. 12/23 - The Revenge Of Google Glass?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 9:55 AM ET, October 11, 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.

More News

Issie Lapowsky / Wired:
Victoria Song / The Verge:

Earlier Picks

Financial Times:
CNBC:
Gaby Del Valle / The Verge:
Gavin Bonshor / The Register:
Bloomberg: