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November 13, 2024, 8:30 PM
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| Bloomberg: |
Polymarket says the FBI seized CEO Shayne Coplan's phone and electronics; source: the DOJ is investigating Polymarket for allegedly accepting bets from US users — - Polymarket says FBI agents seized CEO's phone, electronics — Platform has taken recent measures to weed out US traders
More: Wall Street Journal, New York Post, Axios, The Block, The Information, Decrypt, Reuters, CoinDesk, Business Insider, Fox Business, Reclaim The Net, SiliconANGLE, ZeroHedge News, Cointelegraph, The Verge, CoinJournal, Daily Mail, CryptoSlate, Crypto Briefing, crypto.news, CoinGape, and Cryptopolitan
X: @news_of_alpha, @elonmusk, @nkulw, @lucanetz, @seanmdav, @ntmoney, @trading_axe, @elonmusk, @ryansadams, @rargulati, @qwqiao, @ryansadams, @adamscochran, @mdudas, @brian_armstrong, @pledditor, @shayne_coplan, @dogetoshi, @spreekaway, @pronounced_kyle, @zck, @joshuaogundu, @ericbalchunas, @ryansadams, @danprimack, @cobratate, @jseyff, @mhonkasalo, @packym, @functi0nzer0, @shayne_coplan, @micsolana, @autismcapital, @0xmerp, @banks, @shaunmmaguire, and @dogetoshi
Forums: Hacker News, r/Buttcoin, r/neoliberal, and r/Conservative
| Ramish Zafar / Wccftech: |
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023's end — According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce.| Jody Godoy / Reuters: |
A US judge rules that Meta must face trial in a US FTC lawsuit seeking its breakup over claims that it acquired Instagram and WhatsApp to crush its competitors — Facebook owner Meta Platforms (META.O) must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims … | Bloomberg: |
Sources: OpenAI plans to launch a new AI agent codenamed Operator, which can use a computer to take actions on a person's behalf, in January — The new software, codenamed “Operator,” is set to be released in January. — OpenAI is preparing to launch a new artificial intelligence agent codenamed …
More: TechCrunch, The Verge, SiliconANGLE, MarkTechPost, The Information, Tom's Guide, Quartz, and eWeek
Forums: r/singularity and Slashdot
| The Information: |
Sources: Instagram's ad unit plans to launch ads on Threads in early 2025; Meta's public statements imply any ad rollout for Threads next year will be slow — Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app's rapid growth …
More: PYMNTS.com, 9to5Mac, The Wrap, Reuters, Social Media Today, Engadget, and iPhone in Canada Blog
Threads: @mattnavarra, @davidcelis, @jonloomer, @guillecummings, and @theofficialkatya. Forums: Slashdot
| Jackie Davalos / Bloomberg: |
In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more — - The startup called for a ‘North American Compact on AI’ — OpenAI said US must backstop, streamline AI infrastructure
More: PYMNTS.com, FedScoop, Washington Post, CNBC, SiliconANGLE, The Information, and Fox News
| Bloomberg: |
Sources: OpenAI, Google, and Anthropic are seeing diminishing returns from costly efforts to build new AI models; a new Gemini model is missing internal targets — Three of the leading artificial intelligence companies are seeing diminishing returns from their costly efforts to develop newer models.
More: The Daily Upside, MacRumors, Windows Central, ZeroHedge News, Proactive, BGR, PetaPixel, TechCrunch, and The Information
Mastodon: @carnage4life@mas.to. X: @emostaque, @chehendriksen, @mobileraj, @rachelmetz, @joshm, @paulroetzer, @modestproposal1, @psychosort, @binarybits, @basedjensen, @btibor91, @morqon, @emostaque, @swyx, @kimmonismus, @stevenheidel, @jzl86, and @chetanp
Forums: r/technology, r/OpenAI, and MacRumors Forums
| Annie Palmer / CNBC: |
Amazon debuts Amazon Haul, a storefront in its app offering “crazy low prices” on a range of items, with free shipping on $25+ orders, to take on Temu and Shein — Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20 …
More: About Amazon, Android Police, The Information, Associated Press, Gizmodo, KTVU-TV, Android Headlines, The Straits Times, Android Authority, MediaPost, How-To Geek, TechRadar, UPI, Forbes, Retail Dive, Axios, Reuters, TechCrunch, Bloomberg, PCMag, Semafor, CBS News, Proactive, CNET, Fortune, GeekWire, BGR, Tech Startups, Cybernews.com, Investor's Business Daily, ZDNET, Chain Store Age, GSMArena.com, The Verge, Benzinga, and Quartz
LinkedIn: Dharmesh Mehta, Margaux Logan, and Miya Knights
| Ian King / Bloomberg: |
Cisco reports Q1 revenue down 6% YoY to $13.8B, vs. $13.77B estimated, net income down 25% to $2.7B, and forecasts Q2 revenue above estimates — - Company has been working to recover from yearlong slump — Federal government spending is seen as a weak spot for Cisco
More: SiliconANGLE, Cisco, Investor's Business Daily, Reuters, Proactive, Constellation Research, Benzinga, MarketWatch, and CNBC. X: @thetranscript_
| Krystal Hu / Reuters: |
CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation — AI cloud startup CoreWeave said on Wednesday it has closed a $650 million minority investment led by Jane Street, Magnetar …
More: CRN, NBC10 Philadelphia, CoreWeave, and PitchBook
| Lauren Forristal / TechCrunch: |
Google announces new features for the Fitbit Ace LTE, its smartwatch for kids, including family group chats, messaging for siblings, and a new mini-game — Fitbit's Ace LTE, the smartwatch designed for ages 7+, is introducing new features to help families stay connected and get active together.
More: The Keyword, Android Central, Techopedia, Android Police, How-To Geek, Android Authority, Phone Scoop, CNET, 9to5Google, PhoneArena, MakeUseOf, and Neowin
| Charles Daly / Bloomberg: |
Klarna files for a US IPO; analysts put Klarna's implied valuation at ~$14.6B in October 2024 after shareholder Chrysalis upped the value of its stake to ~$154M — Swedish payments firm Klarna Group Plc has filed for an initial public offering in the US, ending months of speculation … | Theodore Schleifer / New York Times: |
Sources detail Elon Musk's role in Trump's transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more — He's on the patio. He's on the golf course. Everywhere Donald Trump looks, there is the world's richest man.
More: The Information, NBC News, The Wrap, New Yorker, New Jersey Online, Gizmodo, and Washingtonian
Threads: @pkafka. Mastodon: @dangillmor@mastodon.social. X: @dashaburns, @meridithmcgraw, @lawindsor, @divestech, @teddyschleifer, @silvermanjacob, @silvermanjacob, @mattinthemittel, and @willchamberlain
Forums: r/politics and r/politics
| Dina Bass / Bloomberg: |
An interview with Microsoft Gaming CEO Phil Spencer, who won't rule out more Xbox games on other consoles, says an Xbox handheld is “a few years out”, and more — Phil Spencer is planning how to enter and partner in the handheld device and mobile-store markets
More: Android Authority, Game File, Video Games Chronicle, IGN, CNET, Kotaku, How-To Geek, Windows Central, KitGuru, Digital Trends, Engadget, MobileSyrup, TechRaptor, ExtremeTech, Pure Xbox, Cryptopolitan, Gameranx, Android Headlines, Tom's Hardware, TechPowerUp, PC Gamer, Game Rant, Dexerto, TweakTown, Forbes, PCWorld, Push Square, Metro.co.uk, Neowin, TrueAchievements, Destructoid, The Sun, The Shortcut, Screen Rant, iPhone in Canada Blog, My Nintendo News, PlayStation LifeStyle, and GamesIndustry.biz
X: @jasonschreier, @dinabass, and @tomwarren
Forums: r/socialism, r/NintendoSwitch, r/xbox, r/Games, and r/PS5
| Callie Holtermann / New York Times: |
Bluesky says it gained 1M+ users in the week since the US election, mostly in the US, the UK, and Canada, and crossed 15M users; Bluesky had 6M users in August — With one million new accounts added since the U.S. elections, Bluesky has solidified itself as an option for people looking to change their social media service.
More: The Verge, NBC News, Spyglass, 9to5Mac, Engadget, Associated Press, TechCrunch, The Daily Beast, Wired, Inc, Mashable, CNBC, The Gateway Pundit, Fox News, Daily Mail, The Wrap, Entrepreneur, HotAir, iPhone in Canada Blog, Thurrott, ZDNET, and Garbage Day
Threads: @oliverdarcy, @mosseri, @keithedwards, @crumbler, @crumbler, @navneetalang, and @tomgara. Mastodon: @carnage4life@mas.to
Bluesky: @mcuban.bsky.social, @mikeisaac.bsky.social, @kantrowitz.bsky.social, @karaswisher.bsky.social, @jaz.bsky.social, @emilyliu.me, @mmasnick.bsky.social, @bsky.app, @sarahjeong.bsky.social, and @nihilscio.bsky.social
X: @emollick, @mikeisaac, @mikeisaac, @bluesky, @arictoler, @mikeisaac, and @semaforben. LinkedIn: Dana Thomas
| Ingrid Lunden / TechCrunch: |
DeepL, which was valued at $2B in May 2024, debuts DeepL Voice to give users real-time text translations of others speaking in one of 13 different languages — DeepL has made a name for itself with online text translation it claims is more nuanced and precise than services from the likes of Google … | Emma Roth / The Verge: |
Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Italy, Spain, and other EU countries — As Google continues to navigate its relationship with publishers, regulators, and news readers, the company is starting a pretty drastic test …
More: The Keyword, 9to5Google, Engadget, Android Central, and Android Headlines
| Anne Steele / Wall Street Journal: |
Spotify plans to pay incentives to video creators who hit certain viewing thresholds and, in January, to let Premium subscribers view podcast videos without ads — Audio-streaming giant plans to pay hosts to make podcast videos and allow premium subscribers to watch them without ads| Sergiu Gatlan / BleepingComputer: |
FBI and CISA: Chinese hackers breached multiple US telecom companies, compromising the “private communications” of US officials and stealing customer call data — CISA and the FBI confirmed that Chinese hackers compromised the “private communications” of a “limited number” … | Jamie Crawley / CoinDesk: |
Toronto-based Zero Gravity Labs, which is building a decentralized AI operating system, raised a $40M seed and secured a $250M “token purchase commitment” — The seed round included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon and Animoca Brands
More: SiliconANGLE, Decrypt, Cointelegraph, and The Block
| Michael Nuñez / VentureBeat: |
Google DeepMind releases AlphaFold 3's source code and model weights for academic use, which could accelerate scientific discovery and drug development — Google DeepMind has unexpectedly released the source code and model weights of AlphaFold 3 for academic use, marking a significant advance …
More: Google DeepMind on GitHub, Nature, Science, The Decoder, The Rundown AI, Wall Street Pit, ExtremeTech, MarkTechPost, Maginative, Analytics India Magazine, and The Researcher Daily
X: @pushmeet, @maxjaderberg, @paulynamagana, @ddelalamo, and @officiallogank. LinkedIn: Juan Castillo
| Annie Palmer / CNBC: |
Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge — Amazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the matter.| Natasha Lomas / TechCrunch: |
UK consumer rights group Which? launches a legal claim against Apple, seeking £3B in compensation, alleging that Apple locked ~40M UK users into iCloud services — U.K. consumer rights group ‘Which?’ is filing a legal claim against Apple under competition law on behalf of some 40 million users …
More: BBC, Reuters, The Independent, Yahoo Finance, Daily Mail, The Mirror, London Evening Standard, and Which?
| Bloomberg: |
How gambling apps are indebting Brazilians, after legalization; Nubank reassured investors in September 2024 that it had limited exposure to troubled bettors — The boom shocked policy makers who are now scrambling to control it — At the headquarters of the United Nations …
X: @jdorosario, @_night_brain__, @ezraklein, @lpolgreen, @lucas_shaw, @otis_reid, @thestalwart, and @pkafka. Forums: r/neoliberal
| Zheping Huang / Bloomberg: |
Tencent reports Q3 revenue up 8% YoY to ~$23.9B and net income up 20% YoY to ~$7.4B, vs. ~$6.2B est., buoyed by Dungeon & Fighter Mobile and Black Myth: Wukong — - Net income for the September quarter beat analyst estimates — Tencent kicks off a busy earnings season for China techSponsor Posts
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