Techmeme
November 20, 2024, 4:30 PM

Top News

Sarah Wynn / The Block:
A US judge sentences FTX co-founder Gary Wang to “time served”, meaning no jail time; Wang pleaded guilty in December 2022 to fraud charges after FTX collapsed  —  - Gary Wang pleaded guilty in December 2022 to fraud-related charges following the collapse of FTX a month earlier.
Bloomberg:
Sources: Trump's team is talking with the crypto industry over whether to create a White House post dedicated to cryptocurrency policy and is vetting candidates  —  - President-elect's team is vetting candidates for the job  — Crypto industry executives spoke with Trump this week
Kyle Wiggers / TechCrunch:
Chinese AI company DeepSeek unveils DeepSeek-R1-Lite-Preview, a “reasoning” AI model that it claims is competitive with OpenAI's o1, and plans to open source it  —  A Chinese lab has unveiled what appears to be one of the first “reasoning” AI models to rival OpenAI's o1.
Jennifer Pattison Tuohy / The Verge:
Amazon unveils the $400 Echo Show 21, an upgrade to the Echo Show 15 from 2022, with a 21" 1080p display and auto-framing camera, and updates the Echo Show 15  —  Amazon's first wall-mounted smart display just got a big upgrade.  Today, the company announced the launch of the Echo Show 21 …
Tom Warren / The Verge:
Hayden Field / CNBC:
Menlo Ventures: business spending on generative AI hit $13.8B in 2024, up from $2.3B in 2023; OpenAI's marketshare in enterprise AI declined from 50% to 34%  —  Business spending on generative AI surged 500% this year, from $2.3 billion in 2023 to $13.8 billion, according to data released by Menlo Ventures on Wednesday.
Jeff John Roberts / Fortune:
DCG founder Barry Silbert announces a subsidiary called Yuma to help build decentralized AI services called “subnets” on the Bittensor blockchain network  —  Barry Silbert isn't done yet.  The billionaire entrepreneur first made his mark in finance when, at age 17 …
Margi Murphy / Bloomberg:
US prosecutors charge five alleged members of the Scattered Spider hacking group for their role in the hacks of 29+ individuals and theft of $11M+ in crypto  —  - $11 million stolen in years-long campaign targeting US firms  — Loosely-knit group consists of young men in US and UK
Sarah Perez / TechCrunch:
Threads begins rolling out the ability to create custom feeds globally, giving users options beyond “For You” and “Following” feeds  —  As X competitor Bluesky takes off, topping 20 million users, Meta's own Twitter-like app, Instagram Threads, has begun rolling …
Wired:
An investigation reveals how phone coordinates collected by US data broker Datastream expose the movements of US military and intelligence workers in Germany  —  More than 3 billion phone coordinates collected by a US data broker expose the detailed movements of US military and intelligence workers …
David Streitfeld / New York Times:
How Google spent 15 years creating a culture of concealment, telling staff to destroy messages, avoid some words, and copy in lawyers, as it faces US lawsuits  —  Trying to avoid antitrust suits, Google systematically told employees to destroy messages, avoid certain words and copy the lawyers as often as possible.
Parmy Olson / Bloomberg:
As OpenAI, Anthropic, and Google reportedly see diminishing generative AI training returns, a market hype break may be useful, just as with previous innovations  —  Businesses will benefit from some much-needed breathing space to figure out how to deliver that all-important return on investment.
Joseph Cox / 404 Media:
Leaked documents: Graykey, a phone unlocking tool used by police, can access “partial” data from the iPhone 12 up to the iPhone 16 running iOS 18 or iOS 18.0.1  —  The Graykey, a phone unlocking and forensics tool that is used by law enforcement around the world …
Sharon Goldman / Fortune:
How Mark Zuckerberg made Llama a cornerstone of AI ambitions at Meta, whose smartphone-era services and products have been constrained by Apple and Google  —  Zuckerberg has pushed Meta to build Llama into all its products and services, including its Orion augmented reality glasses now in prototype stage.
Mackenzie Hawkins / Bloomberg:
The Biden admin finalizes $1.5B CHIPS Act incentives for GlobalFoundries, meaning it can start receiving federal funding for facilities in Vermont and New York  —  - Pact doesn't include $1.6 billion loan from proposed agreement  — Biden administration has been firming up Chips Act awards
Ray Maker / DC Rainmaker:
Strava updates its API terms to prohibit third parties from using any data in AI models or similar apps, including to show a user's Strava data to other users  —  Yesterday Strava sent out an e-mail to users, outlining a change that's occurring almost immediately, regarding 3rd party apps …
Mishaal Rahman / Android Police:
Google ships the first Android 16 developer preview, far ahead of schedule compared to the past decade, hoping to lower fragmentation by giving OEMs more time  —  Surprise!  Google is releasing the first developer preview of Android 16 today so that app developers can test the new APIs …

Sponsor Posts

Termina:
AI Powered Diligence at Scale  —  VCs and founders deploy Termina AI Scans on >12% of all known series A+ deals to uncover hidden risks and opportunities.  Explore how you too can invest and build better companies with AI.
Zoho:
Redefine user engagement and boost conversions with PageSense Mobile Push Notification  —  Introducing PageSense mobile push notificationsKeep your visitors engaged and increase conversion rates with personalized …
SBS Comms:
Expect Better: SBS Comms  —  The media landscape is changing fast, so don't be slow — out with the old, in with the new.  SBS helps tech companies like GitHub, Cloudflare, Flexport, Ramp and more modernize comms and secure impactful results.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Techmeme Ride Home:
A National Crypto Reserve?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe to Techmeme Ride Home.
Decoder with Nilay Patel:
Amazon's Panos Panay on the long road to Alexa's AI overhaul
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Grit:
CEO NetApp, George Kurian: New Chapters
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The creator of WordPress opens up about becoming an internet villain, why he's taking a stand, and the future of open source | Matt Mullenweg (founder and CEO, Automattic)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
BG2 Pod:
Grok 3, AI Memory & Voice, China, DOGE, Public Market Pull Back
Open-source podcast on all things tech, markets, investing, and capitalism, hosted by Brad Gerstner and Bill Gurley.
Subscribe to BG2 Pod.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:30 PM ET, November 20, 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

Anna Gross / Financial Times:

Earlier Picks

Drew Harwell / Washington Post:
Jay Peters / The Verge: