Techmeme
December 2, 2024, 2:30 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.
More: Intel, Intel Corporation, CNBC, The Verge, Silicon Republic, International Business Times, Ars Technica, Reuters, CRN, eeNews Europe, Club386, Associated Press, Daring Fireball, PCMag, PCWorld, MacRumors, Washington Post, Engadget, Observer, Financial Times, HotHardware, The Register, Neowin, The Information, UPI, Financial Express, Investor's Business Daily, Columbus Business Journal, Thurrott, KitGuru, Tom's Hardware, XDA Developers, ExtremeTech, Time, Guru3D, Constellation Research, PC Gamer, Fortune, Beebom, OC3D, Forbes, Benzinga, Wall Street Journal, New York Times, Financial Times, Quartz, Barron's Online, NBC News, ServeTheHome, realtor.com, TweakTown, Digital Trends, Analytics India Magazine, RCR Wireless News, WinBuzzer, Wccftech, ITPro, News18, Life Style Extra, Evertiq AB, Mobile World Live, Investopedia, Notebookcheck, Fox Business, Bloomberg Law, Bloomberg, Electronics Weekly, and Yahoo Finance
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 will serve as interim leaders
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 …
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
Bloomberg:
Super Micro says an external review found no evidence of wrongdoing, and plans to hire a new CFO, chief compliance officer, and general counsel; SMCI jumps 30%+  —  - Co seeks new CFO, chief compliance officer and general counsel  — Firm's auditor had resigned, citing transparency concerns
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 …
Kyle Wiggers / TechCrunch:
World Labs, founded by Fei-Fei Li, gives an “early preview” of its first project, an AI system that generates game-like, 3D scenes from a single image  —  World Labs, the startup founded by AI pioneer Fei-Fei Li, has unveiled its first project: an AI system that can generate video game-like, 3D scenes from a single image.
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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