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December 24, 2024, 2:10 AM
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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:
Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP
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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This is a Techmeme archive page. It shows how the site appeared at 2:10 AM ET, December 24, 2024.

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From Mediagazer

Wall Street Journal:
A profile of incoming FCC Chair Brendan Carr, a telecom lawyer and longtime FCC official who believes tech and media companies have been unfair to conservatives

Wall Street Journal:
Sources describe Netflix's struggles handling traffic for the Tyson-Paul fight, with viewership nearly three times what the company had anticipated

Charlie Warzel / The Atlantic:
Q&A with Julia Angwin on how social media creators flipped the traditional journalism process for telling stories and what journalists can learn from creators

More News

Reuters:
Sources: Microsoft is working on adding more first- and third-party AI models to power 365 Copilot, to lower its reliance on OpenAI amid cost and speed concerns
Gene Maddaus / Variety:
The Animation Guild ratifies a contract with major studios, without AI demands such as letting members opt out of using AI or allowing AI training on their work
Bloomberg:
VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations
Financial Times:
Sources: Meta plans to add a display to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development

Earlier Picks

New York Times:
Telegram is set to be profitable in 2024, a first, with $1B+ in revenue, up from nearly $350M in 2023, and ending 2024 with ~$500M in cash, as it pays down debt
Manish Singh / TechCrunch:
X raised US Premium+ prices by 37.5% to $22 per month, effective December 21, and EU prices 31% from €16 to €21 per month; the basic subscription still costs $3
New York Times:
The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs or other measures to block imports
Bloomberg:
Google says it plans to counter Japan's claims that it engages in anticompetitive practices in search; source: Japan's FTC sent Google a cease-and-desist order
Om Malik / On my Om:
AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
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