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November 26, 2024, 7:01 PM
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Thomas Gryta / Wall Street Journal:
The US awards Intel up to $7.865B under the CHIPS Act to help build or expand chip plants in Arizona, New Mexico, Ohio, and Oregon, including $1B+ later in 2024  —  Government grant is less than originally expected because the chip giant is also receiving separate funding for defense
Jason Koebler / 404 Media:
X files an objection to including X accounts belonging or related to Infowars in the outlet's bankruptcy auction, arguing it has ownership of all X accounts  —  On Monday, X filed an objection in The Onion's bid to buy InfoWars out of bankruptcy.  In the objection, Elon Musk's lawyers argued that X has …
Kyle Wiggers / TechCrunch:
A group published a project on Hugging Face that seemingly granted brief access to OpenAI's Sora, protesting what it calls duplicity and “art washing” by OpenAI  —  A group appears to have leaked access to Sora, OpenAI's video generator, in protest of what it's calling duplicity and “art washing” on OpenAI's part.
Foo Yun Chee / Reuters:
Google proposes Search tweaks in the EU to comply with the DMA, including removing the map showing hotel locations and results in Germany, Belgium, and Estonia  —  Google has proposed more changes to its search results in Europe after some smaller rivals complained about lower traffic …
New York Times:
Huawei unveils the $760+ Mate 70 series, powered by its HarmonyOS Next, calling the flagship the “smartest” Mate phone, as it continues to face US chip curbs  —  Last year, a chip breakthrough put Huawei on top of the Chinese smartphone market.  Now it is rolling out its newest phone, the Mate 70 series.
Gian Volpicelli / Bloomberg:
Bluesky says it is working to comply with EU rules and is consulting with its lawyers, after the bloc accused the social network of flouting its regulations  —  Bluesky said it's working to comply with European Union rules after the bloc accused the fast-growing social media platform of flouting its digital regulations.
Casey Newton / Platformer:
A look at Bluesky's moderation efforts as its growth surges; Bluesky plans to quadruple the size of its contract workforce of content moderators from 25 to 100
Mia Sato / The Verge:
A lawsuit between two Amazon influencers over allegations of copyright infringement shows the challenges of defining originality and ownership in content  —  One Amazon influencer makes a living posting content from her beige home.  But after she noticed another account hocking the same minimal aesthetic …
Connor Hart / Wall Street Journal:
CrowdStrike reports Q3 revenue up 29% YoY to $1.01B, vs. $982.8M est., a $16.8M loss, compared to a $26.7M profit a year earlier, and raises its FY 2025 outlook  —  Cybersecurity company were dragged down by expected headwinds following one of the worst computer outages ever
Kate Knibbs / Wired:
Analysis finds over 54% of longer English-language posts on LinkedIn are likely AI-generated; LinkedIn says it doesn't track how many posts are created by AI  —  A new analysis estimates that over half of longer English-language posts on LinkedIn are AI-generated, indicating the platform's embrace of AI tools has been a success.
Bill Donahue / Billboard:
Drake initiates legal action against UMG and Spotify for allegedly using bots, payola, and more to pump Kendrick Lamar's Not Like Us, a track that attacks Drake  —  In a legal petition, the star's company accuses UMG of serious wrongdoing — a stunning twist months after his high-profile feud with Kendrick.
Teresa Xie / Bloomberg:
Kraken says it is shutting down its NFT marketplace almost two years after it was launched  —  - Holders will have help from support moving NFTs from platform  — NFTs struggle to rebound from the crypto bear market of 2022  —  The crypto exchange Kraken is shutting down its NFT marketplace almost …
Bloomberg:
Sources: Xiaomi prepares a self-designed chip for its smartphones, to reduce its reliance on Qualcomm and MediaTek, with mass production set to begin in 2025  —  - Chinese firm is said to use in-house chips on 2025 phones  — Xiaomi's smartphone, EV businesses needs steady chip supply
Sara Fischer / Axios:
Meta says Threads had 35M new signups since November 1 and is now going on three months of 1M+ million signups per day; Threads had 275M+ MAUs in Q3 2024  —  - Bluesky said last week it now has more than 20 million users. … - According to the new data, another 20 million new signups have been added in the past 11 days.
Axios:
Luma Partners: in Q3, M&A volume in ad tech rose 118% YoY and 26% QoQ and has continued to heat up in Q4 with Samba TV-Semasio, Zeta-LiveIntent, and other deals  —  - The take-private deal is the latest in a flurry of deal flow in the media sector.  — Brightcove, which hosts …
Shirin Ghaffary / Bloomberg:
/dev/agents, which plans to build a cloud-based OS for AI agents that can work across phones, laptops, and cars, raised $56M, a source says at a $500M valuation  —  The company is looking to build an operating system to support a new crop of artificial intelligence products.
David Shepardson / Reuters:
The FCC approves a license for SpaceX and T-Mobile to use Starlink to offer supplemental coverage from space in a bid to extend internet access to remote areas  —  The Federal Communications Commission said on Tuesday it has approved a license for T-Mobile (TMUS.O) and Elon Musk's SpaceX Starlink unit …

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From Mediagazer

Etan Vlessing / The Hollywood Reporter:
DirecTV and EchoStar's Dish ask a district court judge to reconsider dismissing Fubo's claims against Venu Sports, following Fubo's merger with Hulu + Live TV

Brian Steinberg / Variety:
Sources: Amazon is exploring news show concepts, probably tied to events, such as Brian Williams' election special on Prime Video that drew ~4M viewers

Reuters Institute:
Reuters Institute global survey of media leaders: 41% are confident about journalism prospects in 2025, 74% worry about a decline in search referrals, and more

More News

Brody Ford / Bloomberg:
HP reports Q4 revenue up 1.7% YoY to $14.1B, Personal Systems revenue up 2% to $9.59B vs. $9.74B est., forecasts Q1 profit below est.; HPQ drops 7%+ after hours
Kif Leswing / CNBC:
Dell Q3: revenue up 10% YoY to $24.4B, vs. $24.67B est., Infrastructure Solutions Group up 34% driven by AI sales, net income up 12%; DELL drops 6% after hours

Earlier Picks

Bloomberg:
Sources: Qualcomm's interest in an Intel acquisition has cooled; CEO Cristiano Amon says “right now, at this time, we have not identified any large acquisition”
Financial Times:
Telegram's H1 2024 unaudited financial docs: revenue up 190% YoY to $525M, a $335M post-tax profit, and $1.3B in digital assets, vs. nearly $400M at 2023's end
Jordan Novet / CNBC:
Zoom reports Q3 revenue up 4% YoY to $1.18B, vs. $1.16B est., net income up 47% YoY to $207.1M, and drops “Video” from its name, now Zoom Communications Inc.
Teresa Xie / Bloomberg:
Tron founder Justin Sun invests $30M in Donald Trump's World Liberty Financial, making him the largest investor in the DeFi project; the US SEC sued Sun in 2023
Kyle Wiggers / TechCrunch:
Anthropic debuts the Model Context Protocol, an open-source standard for connecting AI assistants to data sources, to help AI models give more relevant answers
Stephen Nellis / Reuters:
Nvidia unveils Fugatto, an AI model for generating music and audio that can also modify voices, trained on open-source data, and weighs whether to release it
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