Techmeme
December 24, 2024, 4:25 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: 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
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.
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 …
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, closing in H2 2025  —  Deal values the closely held company at $1.5 billion, including debt  —  Xerox Holdings has struck a deal for Lexmark International that values …

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