Techmeme
December 24, 2024, 2:10 AM

Top News

Annie Palmer / CNBC:
Donald Trump announces Scott Kupor, a managing partner at a16z, will serve as director of OPM, and Michael Kratsios will serve as the White House OSTP director  —  President-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend …
Kyle Wiggers / TechCrunch:
Muyao Shen / Bloomberg:
Hashed: $112M+ worth of USDC fled Hyperliquid, the top DeFi derivatives exchange by volume, on December 23, after concern over trading by North Korean hackers  —  - Hyperliquid is the largest DeFi derivatives exchange by volume  — Security expert says Hyperliquid faces threat from North Korea
Ryan Christoffel / 9to5Mac:
In a viral YouTube video, MegaLag claims PayPal's Honey browser extension doesn't show users the best coupons and deals, and steals creators' affiliate revenue  —  Honey is a popular browser extension owned by PayPal that's at the center of a big new controversy.
Ben Lovejoy / 9to5Mac:
Kuo: Apple's M5 chip will use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs  —  One of the key elements of Apple's A-series and M-series chips is the System-on-a-Chip (SoC) design which tightly integrates all the components within a single package.
Lauren Thomas / Wall Street Journal:
Xerox agrees to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda in a deal valued at $1.5B, including debt, and expected to close in H2 2025  —  Deal values the closely held company at $1.5 billion, including debt  —  Xerox Holdings has struck a deal for Lexmark International …
Cristina Criddle / Financial Times:
PitchBook: global edtech VC funding reached just $3B in 2024, the lowest amount since $2.3B in 2014, and down from $17.3B at the peak of the pandemic in 2021  —  Funding for edtech companies hits decade low as sector struggles to compete post-pandemic  —  Global investment in online education companies …
Reuters:
An investigator says he reported 26 OnlyFans accounts suspected of containing CSAM to NCMEC and that all of the accounts were removed within a day of his report  —  This story contains disturbing descriptions of the possible online abuse of children.  —  An experienced child exploitation …
Forums: r/news
Antonio Pequeño IV / Forbes:
xAI announces it raised a $6B Series C from a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia, Nvidia, and others, at a reported valuation of at least $40B  —  Elon Musk's xAI announced Monday it raised $6 billion in a Series C funding round, putting the company's value at more than $40 billion …

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Earlier Picks

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Om Malik / On my Om: