Techmeme
November 13, 2024, 6:35 PM

Top News

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.
Taylor Herzlich / New York Post:
Source: the FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning  —  The FBI seized Polymarket CEO Shayne Coplan's phone and electronics early Wednesday morning — just a week after the election-betting platform successfully predicted President-elect Donald Trump's win, The Post has learned.
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, 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.
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 …
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 …
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 …
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  —  - Investors give tepid reaction to company's earnings report  — Cisco has been working to recover from yearlong slump
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.
Dina Bass / Bloomberg:
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.
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.
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 …
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
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 …
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
Emma Roth / The Verge:
YouTube is testing a feature that will let a small group of creators use AI to “restyle” licensed songs for their Shorts using text prompts to change elements  —  YouTube is testing a new feature that will let creators use AI to “restyle” licensed songs for their shorts.

Sponsor Posts

Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
How you can grow your business with Zoho One  —  Zoho One is a comprehensive business suite, giving businesses the scalability, stability, security, and features they need for smooth operations.
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Techmeme Ride Home:
Thu. 11/14 - The FBI (!) Investigating Polymarket
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:35 PM ET, November 13, 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.

More News

Earlier Picks

Financial Times:
Ivan Mehta / TechCrunch:
Simon Willison / Simon Willison's Weblog:
Charlie Sorrel / iFixit News:
TechCrunch: