Techmeme
December 2, 2024, 12:30 PM

Top News

Kyle Wiggers / TechCrunch:
Intel says CEO Pat Gelsinger retired and left its board on December 1, and names CFO David Zinsner and Client Computing Group GM Michelle Holthaus as co-CEOs  —  Intel has announced that CEO Pat Gelsinger has retired, effective December 1, and stepped down from the company's board of directors.
Bloomberg:
Sources: Intel CEO Pat Gelsinger was given the option to retire or be removed after the board lost confidence in his plans to turn around Intel  —  - Gelsinger was given the option to retire or be removed  — Company's CFO and product CEO to serve as interim leaders
Wall Street Journal:
The US adds new HBM chip transfer restrictions for China, the fourth attempt in three years to curb China, and adds 140 Chinese companies to its trade blacklist  —  Export of memory chips used in AI applications is restricted, but delayed announcement gives Chinese companies chance to stock up
Financial Times:
OpenAI CFO Sarah Friar says OpenAI is weighing an ads model, but plans to be “thoughtful”; sources and LinkedIn analysis: OpenAI hired Meta and Google ad talent  —  ChatGPT maker hires advertising talent from big tech rivals  —  OpenAI is discussing plans to introduce advertising …
Jowi Morales / Tom's Hardware:
OpenWrt releases the $89+ OpenWrt One router, a “hacker-friendly device” with open-source firmware, two Ethernet ports, three USB ports, and dual-band Wi-Fi 6  —  This ‘Unbrickable’ router should never fail you. … The group worked together to draft the specifications for this router …
Bloomberg:
Super Micro says an external review by a special committee of its board and external counsel found no evidence of wrongdoing, and plans to appoint a new CFO  —  The company is looking for a new chief financial officer, chief compliance officer, and general counsel, it said in a statement Monday.
Bloomberg:
Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a ~$2.6B valuation and claims nearly $150M in contracts  —  - Jim Keller's Tenstorrent designs chips and systems for AI jobs  — Samsung and LG also among investors in Series D round
Mark Bergen / Bloomberg:
Amsterdam-based Nebius, which rebranded itself from Russian internet giant Yandex and offers cloud services for AI, raised $700M from Nvidia, Accel, and others  —  Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate …

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Wall Street Journal:
Ian Hogarth / Financial Times:
Josh Taylor / The Guardian: