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October 11, 2024, 9:55 AM
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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:
AMD debuts its 5th Gen Epyc data center chips, codenamed Turin, with up to 192 cores, clock speeds up to 5GHz, and double-digit gains in instructions per clock
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:
Elon Musk shows a Tesla Cybercab prototype, claims “you will be able to buy one” for under $30,000 and expects the robotaxi to be in production “before 2027”  —  Tesla has finally revealed its Cybercab, and it looks like a smaller, sleeker Cybertruck.
Aarian Marshall / Wired:
Elon Musk claims “unsupervised” FSD will come to TX and CA in 2025 for select models and shows a Tesla Robovan, meant to be autonomous and carry up to 20 people
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 Daily.  Threads: @kylie.robison.  Mastodon: @carnage4life@mas.to.  X: @spirosmargaris.  LinkedIn: Ben Waber.  Forums: 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

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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.

From Mediagazer

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

More News

Issie Lapowsky / Wired:
A profile of White House national security adviser Jake Sullivan, who has crafted a strategy to stop China from unseating the US as the world's tech superpower
Victoria Song / The Verge:
A review of Submerged, Apple's first scripted short film shot in Immersive Video for the Vision Pro: technologically impressive, but an isolating experience

Earlier Picks

Financial Times:
The UK appoints Darktrace co-founder Poppy Gustafsson, who left last month before Thoma Bravo's £4.3B takeover of the cybersecurity firm, as investment minister
CNBC:
Sources detail Meta's work on an Orion consumer version that could be built within two years, plans to bring Orion wristband tech to its other devices, and more
Gaby Del Valle / The Verge:
The FBI reveals it created Ethereum-based token NexFundAI with the help of “cooperating witnesses” as part of an investigation into crypto price manipulation
Gavin Bonshor / The Register:
Intel unveils its Arrow Lake desktop processors, with an NPU, better power efficiency at higher clock speeds, and 2x the graphics performance vs. its 14th Gen
Bloomberg:
Amazon says Apple TV+ will be available as a $9.99/month subscription add-on in Prime Video Channels later this month in the US, joining 100+ streaming services
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