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November 8, 2024, 11:45 AM
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Top News

Forbes:
AI startup founders and VCs hope that a Trump administration will lead to lighter regulations and the return of real acquisitions, not “contorted” ones  —  Practitioners expect more acquisitions and less oversight in a Trump administration expected to repeal Biden's executive order.
Alexandra S. Levine / Bloomberg:
Some TikTok staff and users see Trump as a possible savior from the ban; others question whether Trump even cares about the app now that the campaign is over  —  Trump has signaled he's against a possible ban of the viral video-sharing app  —  Some TikTok staff and creators …
Elizabeth Dwoskin / Washington Post:
With Elon Musk's ascension in Trump's orbit, tech leaders on the right hope to steer the second Trump administration, bringing a startup ethos to the government  —  With Elon Musk's ascension in Trump-world, tech leaders on the right see an opportunity to bring a start-up ethos to the federal government.
Financial Times:
Sources: TSMC told Chinese customers it would no longer manufacture AI chips at advanced process nodes of 7nm or smaller as of this coming Monday  —  World's biggest contract chipmaker acts to ensure it is in line with US restrictions on Chinese access to latest processors
MacKenzie Sigalos / CNBC:
Block reports Q3 revenue up 6% YoY to $5.98B, vs. $6.24B est., gross profit up 19% YoY to $2.25B, Cash App gross profit up 21% to $1.31B, and a $284M net income  —  WATCH NOW  —  Block reported third-quarter revenue on Thursday that trailed Wall Street expectations.
Ming-Chi Kuo:
Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier  —  Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026:  —  1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025
Sarah Perez / TechCrunch:
TikTok launches Share to TikTok, which lets users directly share music from Apple Music and Spotify in a post to their TikTok Feed or in DMs via TikTok Messages  —  TikTok on Thursday debuted a new feature that will more closely connect its app, which already influences which songs top the charts …
Sebastian Sinclair / Decrypt:
Detroit plans to accept crypto for tax and fee payments from mid-2025 via a PayPal platform that will convert them to USD, becoming the largest US city to do so  —  Starting in mid-2025, Detroit residents will be able to pay with popular cryptos like Bitcoin and Ethereum through a PayPal-managed platform.
Anissa Gardizy / The Information:
Source: Amazon is discussing a second multibillion-dollar Anthropic investment, asking Anthropic to use servers with Amazon chips; Anthropic prefers Nvidia GPUs  —  Amazon is discussing making a second multibillion-dollar investment in OpenAI rival Anthropic, according to a person involved in the discussions.
Mark Hachman / PCWorld:
Mercury Research: AMD's desktop CPU market share, in units, grew from 19.2% in Q3 2023 to 28.7% in Q3 2024 and from 19.5% to 22.3% for mobile in the same period  —  AMD's desktop CPU market share jumped nearly 10 percent in the last year, an analyst reported Thursday, on the heels …
Bloomberg:
Sony reports Q2 revenue up 9% YoY to ~$19.45B, operating profit up 73% YoY to ~$2.96B vs. ~$2.18B est., and PS5 sales of 3.8M units, down from 4.9M a year ago  —  - Chinese hit ‘Wukong’ helped game sales on aging PlayStation 5  — Image sensor business was hurt by demand lull in North America
Blake Brittain / Reuters:
A US federal judge dismisses Raw Story and AlterNet's copyright lawsuit against OpenAI over LLM training, for now, saying the outlets couldn't show enough harm  —  A New York federal judge on Thursday dismissed a lawsuit against artificial intelligence giant OpenAI that claimed it misused articles …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:45 AM ET, November 8, 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

Benjamin Mullin / New York Times:
Memo: WaPo CEO Will Lewis tells staff they'll be expected to work from the office five days a week, instead of three, by June 2, and by February 3 for managers

Sean Burch / The Wrap:
News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M

Jake Kanter / Deadline:
The UK government launches a forum that includes the BBC, Sky, and Ofcom to examine ways of preserving linear TV for older and underprivileged audiences

More News

Reuters:
Sources: Trump's transition team is considering Dan Gallagher, a former SEC commissioner and Robinhood's current legal chief, to replace SEC chair Gary Gensler

Earlier Picks

Bloomberg:
An interview with Changpeng Zhao about his four months of incarceration, investing in X, forced separation from Binance, plans for the future, and more
Tom Warren / The Verge:
Nvidia plans to add a 100-hour monthly cap for new Performance and Ultimate GeForce Now users from January 1 to avoid raising prices “in the foreseeable future”
Devindra Hardawar / Engadget:
Mac mini (2024) review: incredibly fast with the M4 Pro, well-equipped for creative work, and smaller design takes less space, but spec upgrades are overpriced
Emma Roth / The Verge:
Microsoft starts rolling out AI-powered text editing feature Rewrite in Notepad, and Generative Fill and Generative Erase features in Paint to Windows Insiders
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