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Techmeme
December 24, 2024, 10:00 AM
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Top News

Sheldon Reback / CoinDesk:
US and Japanese law enforcement say North Korean hackers were responsible for stealing 4,502.9 bitcoin, worth $308M, from Japanese exchange DMM in May 2024  —  The $308 million hack of Japanese crypto exchange DMM in May was the work of North Korean hackers, the U.S. and Japanese law enforcement agencies said Monday.
Muyao Shen / Bloomberg:
Hashed: Hyperliquid, the top DeFi derivatives exchange by volume, had $112M+ of USDC outflows on December 23, over concerns of trading by North Korean hackers  —  - Hyperliquid is the largest DeFi derivatives exchange by volume  — Security expert says Hyperliquid faces threat from North Korea
Paresh Dave / Wired:
West Bank residents, who have long complained of missing and outdated data on Google Maps, say the Israel-Hamas war has made the app even worse for navigation  —  One user told WIRED that Google Maps directed them to “drive right into a wall that's been up since 2003.”
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
Pranshu Verma / Washington Post:
Arizona's Maricopa County is set to have the second largest concentration of US data centers by 2028, as the state races to increase electricity production  —  As data centers drain America's power grids, a fierce battle is being waged for electricity.  On Navajo Nation land, many are on the losing end.
Antonio Pequeño IV / Forbes:
xAI 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 …
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 …
Bluesky: @stevefaktor.com

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, December 24, 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

Paul Hiebert / Adweek:
IAB and PWC: online ad spend hit $258.6B in 2024, up 15% YoY, with 39.8% going to search, 28.7% to display, 24% to video, and $2.4B to podcasts, up 26.4% YoY

NPR:
An interview with NPR CEO Katherine Maher on the impact of Trump's proposed budget cuts; $100M of the $121M NPR receives annually goes to member stations

Ted Johnson / Deadline:
In an X post, the FCC chairman suggests Comcast may be violating its licenses and accuses it of “news distortion” after MSNBC didn't air a WH press hearing

More News

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, closing in H2 2025

Earlier Picks

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
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
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
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