Techmeme
November 1, 2024, 6:30 PM

Top News

Chance Miller / 9to5Mac:
Popular photo editing company Pixelmator says it has signed an agreement to be acquired by Apple, pending regulatory approval  —  Apple is acquiring the popular photo editing company Pixelmator.  The Pixelmator Team announced the news in a blog post on Friday and said there will be “no material changes” to its apps “at this time.”
Benjamin Mayo / 9to5Mac:
Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%  —  Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple.  Apple will commit an additional $1.1 billion …
Reuters:
Researchers linked to China's military used Llama 2 to develop an AI model for potential military use; Meta says use of “outdated” Llama 2 would be “irrelevant”  —  Top Chinese research institutions linked to the People's Liberation Army have used Meta's publicly available Llama model …
Manish Singh / TechCrunch:
Indonesia bans Pixel smartphone sales, saying Google must comply with rules requiring 40% local content in smartphones, days after banning the iPhone 16 lineup  —  Indonesia has banned sales of Google Pixel smartphones for failing to meet domestic content requirements, days …
Anton Shilov / Tom's Hardware:
Intel outlines plan to break free from TSMC manufacturing, including making a majority of Nova Lake CPUs, due in 2026, internally  —  Good days are coming for Intel.  —  Intel's next-generation Panther Lake (via SeekingAlpha) processors will contain 70% in-house silicon, positively affecting the company's margins.
Jay Peters / The Verge:
Meta rolls out its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train  —  Meta is introducing some big changes with its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train.
Bloomberg:
The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024, as companies accelerate spending to chase AI developments  —  - Amazon, Alphabet, Meta and Microsoft all accelerated spending  — Mixed results from the big tech won't slow 2025 investment
Apple Inc.:
Apple reports Q4 revenue up 6% YoY to $94.9B, and net income down 36% YoY to $14.74B, after paying a $10.2B charge as part of an income tax decision in the EU  —  iPhone drives record September quarter revenue Services revenue reaches new all-time high  —  Apple® today announced financial results …
Callan Quinn / CoinDesk:
Crypto firm Immutable says the SEC issued it a Wells notice related to the sale of its IMX tokens in 2021, and accuses the agency of “regulation by enforcement”  —  The firm's IMX token is down over 13% at $1.16 following the announcement.  — Immutable said that it received …
Sarah McBride / Bloomberg:
A profile of YC Head of Public Policy Luther Lowe, who led a California pressure campaign against AI safety bill SB 1047 and aims to fight for “little tech”  —  After helping lead startups' crusade against California AI regulation, the tech policy veteran has new fights to pick.
Anthropic:
Anthropic says governments should urgently take action on AI policy in the next 18 months and suggests principles for AI regulation that support innovation  —  Increasingly powerful AI systems have the potential to accelerate scientific progress, unlock new medical treatments, and grow the economy.

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