Techmeme
November 24, 2024, 8:00 PM

Top News

Mark Gurman / Bloomberg:
Thoughts on Apple TV's history and future; sources: Apple postponed a larger-than-usual number of iOS 19 features to spring 2026, when iOS 19.4 is set to debut  —  Apple doesn't need its own TV set.  But it should make a low-cost TV streaming stick to bring its content, apps and smart home features to more households.
Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for about a 5% stake; Cantor holds most of Tether's $134B in assets  —  Before becoming Trump's commerce secretary pick, Lutnick deepened Cantor's ties with a stablecoin firm under investigation
Bloomberg:
Sources: Cantor Fitzgerald plans a $2B+ program to lend USD to clients who put up BTC as collateral and is talking with Tether about supporting the program  —  - Lutnick set to be next commerce secretary under Trump  —  Howard Lutnick is moving to strengthen his alliance with one of the most important …
Aya Wagatsuma / Bloomberg:
Shares of Japan's Fujikura, which specializes in fiber optic cables for data centers, are up 400%+ in 2024 due to the AI boom, leading the Nikkei 225 index  —  - Fujikura has benefited from surging demand for data centers  —  The global boom in AI has turned an obscure 139-year-old Japanese company into a stock-market star.
Steven Overly / Politico:
Q&A with US Commerce Secretary Gina Raimondo on what happens to the $50B CHIPS program under the Trump administration, the future of AI safety, China, and more  —  With a massive legacy program hanging in the balance, the Commerce secretary wants to get billions in microchip money out the door in the next two months.
Washington Post:
Sources: Marc Andreessen, Travis Kalanick, and others are involved in Department of Government Efficiency; Andreessen is acting as a networker for recruitment  —  The Tesla executive and the former presidential candidate are meeting with staff and interviewing experts as they plan for massive federal cuts.
Benedict Evans:
An overview of macro tech trends for 2025, focusing on generative AI, LLMs, scaling challenges with training ever bigger AI models, the capex surge, and more  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  For 2025, ‘AI eats the world’.
David Pan / Bloomberg:
A profile of Chris Maurice, the CEO of US stablecoin startup Yellow Card, which operates in 20 African countries and has traded $3B+ worth of crypto in 2024  —  Cryptocurrencies that track the dollar are becoming a popular workaround for companies stymied by currency shortages on the continent.
Hugh Son / CNBC:
Users of banking startups like Yotta detail losing $7,000 to $200K+ in savings due to fintech middleman Synapse's collapse, after US regulators declined to act  —  For 15 years, former Texas schoolteacher Kayla Morris put every dollar she could save into a home for her growing family.

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Earlier Picks

Sam McKeith / Reuters:
Isabelle Bousquette / Wall Street Journal:
Financial Times:
New York Times: