Techmeme
November 25, 2024, 8:50 AM

Top News

Bloomberg:
Sources: Sony is in the early stages of developing a portable console to play PS5 games, building on the PlayStation Portal, although its launch is years away  —  - Nintendo's Switch has dominated mobile console space for years  — Rival Microsoft is also developing portable gaming prototypes
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.
Steven Overly / Politico:
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 …
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  —  It is a resilience strategy for the ‘hodlers’, not the US state  —  In July, Cynthia Lummis, a US senator from Wyoming …
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:
Washington Post:
Sources: Marc Andreessen, Travis Kalanick, and more are involved in the 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.
Kyle Wiggers / TechCrunch:
PlayAI, which uses AI to clone voices for $49 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.

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David Pan / Bloomberg:
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