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Techmeme
November 27, 2024, 1:50 PM
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Top News

Wall Street Journal:
Sources: Elon Musk's xAI plans to debut a consumer app as soon as December; the startup built its Colossus data center, which uses 100K Nvidia GPUs, in 122 days  —  The Tesla CEO is racing to make xAI, which launched after its competitors, the world's most advanced AI company
Financial Times:
Sources: Elon Musk has given investors who backed his $44B Twitter acquisition 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation
CNBC:
Sources: OpenAI is letting current and former staff sell ~$1.5B worth of RSUs until December 24 in a tender offer to SoftBank, a deal spurred by Masayoshi Son  —  OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.
Bailey Lipschultz / Bloomberg:
Chinese self-driving company Pony.AI raised $413.4M in its US IPO, after pricing shares at $13, which rose 19% at open, giving it a nearly $5.4B market cap  —  - IPO priced at top of marketed range raised $260 million  — Firm also agreed private placements worth $153.4 million
Nitasha Tiku / Washington Post:
OpenAI suspends early access to Sora after ~20 artists leaked access to the tool in protest of the company's treatment of creative professionals as “PR puppets”  —  A group of artists created a webpage allowing anyone to make AI videos using Sora.  They argue the maker of ChatGPT used artists as “PR puppets” without pay.
Kyle Wiggers / TechCrunch:
A group published a Hugging Face project that let anyone generate videos using OpenAI's Sora, protesting what it calls the company's duplicity and “art washing”
Samantha Cole / 404 Media:
Bluesky says it's up to outside organizations to respect user consent, after a Hugging Face employee posted a 1M-post dataset from Bluesky's API for ML research  —  Update: Following the publication of this article on Tuesday evening, van Strien removed the dataset.
Arjun Kharpal / CNBC:
Huawei's HarmonyOS NEXT in the Mate 70, 70 Pro, 70 Pro+, and X6 is its first fully self-developed mobile OS that reportedly doesn't use open-source Android code  —  Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company's latest self-developed operating system …
Paul Triolo / American Affairs Journal:
A look at the evolution of China's chip industry and Huawei under US export controls, as GPUs have become the new focal point of US-China tech competition
Felix Ng / Cointelegraph:
US appeals court: the OFAC exceeded its authority in sanctioning Tornado Cash's immutable smart contracts, as they aren't property because they cannot be owned  —  A US appeals court ruled the Treasury's OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash's smart contracts.
Reuters:
Samsung names Jun Young-hyun as its co-CEO as well as head of its memory chip business and appoints Han Jin-man as president and head of its foundry business  —  Samsung Electronics (005930.KS) on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix …
Bojan Pancevski / Wall Street Journal:
Sources: investigators suspect Chinese ship Yi Peng 3 dragged its anchor for 100+ miles to sever two Baltic internet cables, possibly at the behest of Russia  —  NATO warships surround Yi Peng 3, a Chinese bulk carrier at the center of an international probe into suspected sabotage
IDC:
IDC expects global smartphone shipments to grow 6.2% YoY to 1.24B units in 2024, due to Android shipments growing 7.6% YoY and iPhone shipments growing 0.4% YoY  —  Worldwide smartphone shipments are forecast to grow 6.2% year-over-year in 2024 to 1.24 billion units, according …
Alex Stedman / IGN:
Sony says it has sold 160M+ PlayStation 2 units globally since its 2000 launch, the highest-selling console of all time, followed by the Nintendo DS and Switch  —  It's the highest-selling console of all time.  —  In honor of the PlayStation's 30th anniversary, Sony has launched …
Robert Booth / The Guardian:
TikTok plans to block under-18s from using beauty filters, amid mental health concerns, and says it is tightening its systems to block under-13s from the app  —  Social media platform under pressure to improve security as it announces plans to block under-13s from signing up
Sarah Perez / TechCrunch:
Meta appears to be developing a Threads feature inspired by Bluesky's “starter packs”, with profiles “handpicked by people on Threads” for users to follow  —  Hoping to quell some of the momentum behind social network Bluesky, a competitor to X and Meta's Threads …
Les Pounder / Tom's Hardware:
Raspberry Pi Compute Module 5 review: the new $45+ module is a compact Pi 5 with more power than a CM4, but whose cooling fan doesn't work with a passive cooler  —  The Raspberry Pi 5 now in a Compute Module 4 sized package  —  Tom's Hardware Verdict
Sarah Jacob / Bloomberg:
Amsterdam-based Just Eat plans to delist from the London Stock Exchange on December 27, due to its shares' low liquidity, shifting to just an Amsterdam listing  —  The Amsterdam-headquartered meal delivery firm intends to cancel its secondary listing from the London Stock Exchange to reduce the associated …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:50 PM ET, November 27, 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

CNBC:
Newsmax shares jump more than 100% a day after their debut on the NYSE, when they spiked more than 700% and closed at $83.51

Bari Weiss / The Free Press:
The Free Press announces Tyler Cowen, Jed Rubenfeld, Matthew Continetti, and Batya Ungar-Sargon as new columnists, with Coleman Hughes bringing his podcast

Oliver Darcy / Status:
The Daily Wire's communications chief, Alyssa Cordova, departs as the company frames co-CEO Jeremy Boreing's demotion as his own choice and lays off some staff

More News

Ashley Rindsberg / Pirate Wires:
A look at the UK's planned Digital Markets Unit, which will regulate US tech companies under the DMCC, passed in May 2024, and have the power to halt any M&A
Ivan Mehta / TechCrunch:
Roblox now offers 25% more Robux when users buy on the web or via gift cards than when they make an in-app purchase via Apple's App Store or Google's Play Store

Earlier Picks

Allie Garfinkle / Fortune:
Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis
Kate Knibbs / Wired:
An 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
David Shepardson / Reuters:
The FCC approves a license for SpaceX and T-Mobile to use Starlink for supplemental telco coverage from space in a bid to extend internet access to remote areas
Connor Hart / Wall Street Journal:
CrowdStrike reports Q3 revenue up 29% YoY to $1.01B, above $982.8M est., a $16.8M net loss, vs. a $26.7M net income in Q3 2023, and raises its FY 2025 outlook
Kif Leswing / CNBC:
Dell reports 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 11%
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