Techmeme
November 11, 2024, 10:50 AM

Top News

Mark Gurman / Bloomberg:
Apple's future growth may come from several new Watch- or iPad-level businesses; visionOS 2.2's ultrawide Mac display mode is the Vision Pro's first killer app  —  Apple may never find another product with as much revenue potential as the iPhone, but it can still thrive with several new Apple Watch- or iPad-level businesses.
Michael Burkhardt / 9to5Mac:
Emily Nicolle / Bloomberg:
FTX sues Binance and former CEO Changpeng Zhao, seeking to claw back almost $1.8B it alleges was fraudulently transferred by Sam Bankman-Fried in a 2021 deal  —  Binance, Zhao and other Binance executives received the funds as part of a July 2021 share repurchase deal with Bankman-Fried, the FTX co-founder who is now in prison.
Bloomberg:
11x, which makes AI bots that help salespeople with common tasks, raised $50M led by a16z at a $320M valuation, after raising a $24M Series A in September 2024  —  Artificial intelligence-powered sales startup 11x has raised $50 million in a new funding round led by Andreessen Horowitz …
Adam James / The Block:
MicroStrategy says it bought 27,200 bitcoin for roughly $2.03B in cash at an estimated $74,463 per coin, taking its total bitcoin holding to 279,420  —  - MicroStrategy added approximately 27,200 bitcoin for roughly $2.03 billion in cash at an estimated $74,463 per coin.
a16z crypto:
a16z says it is “very optimistic” that the US government will “foster innovation” in crypto and there is a “pathway for constructive engagement” with regulators  —  Miles Jennings Michele Korver Brian Quintenz  —  We've been flooded with crypto founders asking us …
Frederic Lardinois / TechCrunch:
An interview with Mozilla interim CEO Laura Chambers about Firefox's 20th birthday, growth due to the EU's DMA, privacy, the Google search deal, AI, and more  —  Exactly 20 years ago, Mozilla started shipping version 1.0 of its Firefox browser.  At the time, you could download it or buy …
Zak Killian / HotHardware:
Intel's Robert Hallock admits “our wounds with Arrow Lake not hitting the performance we projected were self-inflicted” and promises fixes for performance gains  —  Speaking plainly, Intel's recently-launched Core Ultra 200 desktop CPUs, code-named “Arrow Lake” …

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