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Techmeme
November 25, 2024, 9:55 AM
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Top News

Bloomberg:
Sources: Sony is in the early stages of developing a portable console for PS5 games, building on the PlayStation Portal, although its debut is likely years away  —  - Nintendo's Switch has dominated mobile console space for years  — Rival Microsoft is also developing portable gaming prototypes
James Hunt / The Block:
MicroStrategy bought 55,500 bitcoin for ~$5.4B cash at an average price of $97,862 between November 18 and November 24, taking its holdings to ~386,700 bitcoin  —  - MicroStrategy has purchased another 55,580 BTC for approximately $5.4 billion at an average price of $97,862 per bitcoin.
Sarah Kessler / New York Times:
US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019  —  Coding boot camps once looked like the golden ticket to an economically secure future.  But as that promise fades, what should you do?
More: Forbes and Freddie deBoer
Mastodon: @jgordon@appdot.net.  Bluesky: @ryanlcooper.com and @stevefaktor.com
Forums: Slashdot and Slashdot
New York Times:
Sources: Intel, the biggest recipient of CHIPS Act money, could get less than $8B, after its Ohio plant delays; the US announced $8.5B for Intel earlier in 2024  —  The Biden administration is reducing its award to the pioneering chip maker to less than $8 billion, from $8.5 billion.
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
Kyle Wiggers / TechCrunch:
PlayAI, which uses AI to clone voices for $49 or $99 per month and recently rolled out AI agents, raised a $20M seed co-led by 500 Startups and Kindred Ventures  —  Back in 2016, Hammad Syed and Mahmoud Felfel, an ex-WhatsApp engineer, thought it'd be neat to build a text-to-speech Chrome extension for Medium articles.
More: PlayAI Blog
Financial Times:
The EU says Bluesky breaches its rules for not disclosing key details about itself, and has asked 27 governments to see “if they can find any trace of Bluesky”  —  Social media platform that has grown in exodus from Elon Musk's X is accused of not declaring user numbers
More: Reuters
Gary Marcus / Marcus on AI:
A skeptical look at the new AI scaling “laws”, including post-train duration and “inference time compute”, and why they may fail to predict AI model performance  —  Scaling laws ain't what they used to be  —  “If anything we are seeing the emergence of a new scaling law …
Washington Post:
Sources: Bill Ackman, Travis Kalanick, and others are involved in the Department of Government Efficiency; Marc Andreessen is a networker for talent recruitment  —  The Tesla executive and the former presidential candidate are meeting with staff and interviewing experts as they plan for massive federal cuts.
Wall Street Journal:
Sources: in the past year, Cantor Fitzgerald agreed to invest as much as $600M in Tether for 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 bitcoin as collateral and is talking with Tether about supporting the program

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This is a Techmeme archive page. It shows how the site appeared at 9:55 AM ET, November 25, 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.

From Mediagazer

Hadas Gold / CNN:
A book by a Politico reporter claims Trump's team was given the questions asked by Fox News anchors at an Iowa town hall last January in advance; Fox is probing

Mark Kleinman / Sky News:
Piers Morgan and News UK strike a deal that gives him ownership of the Uncensored YouTube channel; News UK will get a share of ad revenue until 2029

Ben Mullin / @benmullin:
Source: during a town hall meeting, CNN CEO Mark Thompson said CNN received an investment of “more than $70M” from WBD to invest in the company's digital pivot

More News

Brendan Greeley / Financial Times:
A bitcoin strategic reserve is a resilience strategy for the “hodlers”, not the US state, as a bet on bitcoin is bullish on permanent institutional collapse

Earlier Picks

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
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
Wall Street Journal:
How Tim Cook developed a personal relationship with Donald Trump, in part by zeroing in on areas of mutual interest between Apple and Trump's agenda
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
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