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January 13, 2025, 10:35 PM
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Top News

Bloomberg:
Sources: Chinese officials are evaluating an option involving Elon Musk acquiring TikTok US; X would take control of TikTok US and run the businesses together  —  - ByteDance's preferred strategy is to fight ban, sources say  — Trump has said he would like to delay ban to seek resolution
Todd Spangler / Variety:
TikTok denies a report that China is looking at potentially facilitating a sale of the app to Elon Musk, calling it “pure fiction”  —  TikTok denied a report that China is looking at potentially facilitating a sale of the app to tech billionaire Elon Musk to keep TikTok operational …
Financial Times:
The Biden admin unveils a new chip export rule that gives 18 key allies full AI chips access while requiring licenses from most other countries, including China  —  US semiconductor industry warns move will aid competitors  —  The US is imposing expansive export controls on chips used …
Reuters:
Nvidia criticizes the Biden admin's new chip export rule, saying the regulation would “undermine” the US' AI leadership and “weaken” its global competitiveness
Will Knight / Wired:
The US' new chip export rule enters a 120-day consultation period, requiring the Trump admin to listen to input, perhaps modify the rule, and then enforce it
Associated Press:
Under a new Biden rule, countries with caps on AI compute are restricted to buying 50K advanced GPUs, which could grow to 100K in deals with the US government
Zeyi Yang / Wired:
Ahead of a likely US TikTok ban, users flee to Chinese apps Xiaohongshu, aka RedNote, and ByteDance's Lemon8, currently the top two apps in the US App Store  —  Some say they joined Xiaohongshu, which translates to “little red book,” to spite the US government after a ban on TikTok became more likely.
Mark Gurman / Bloomberg:
Sonos CEO Patrick Spence is leaving following a botched app revamp that upset customers and stymied growth; Sonos names board member Tom Conrad as interim CEO  —  - 'We've let far too many‬‭ people down,' company tells staffers  — Former Snap and Pandora executive Tom Conrad named interim CEO
Kashmir Hill / New York Times:
Texas sues Allstate and its subsidiary Arity, accusing the insurer of illegally collecting and selling data about people's driving behavior through mobile apps  —  The lawsuit accuses Arity, an Allstate subsidiary, of collecting data about people's driving behavior through mobile phone apps …
Leena Rao / Business Insider:
Chainalysis buys AI-agent security startup Alterya, sources say for ~$150M; Alterya is still in stealth mode but has clients including Coinbase, Square, Binance  —  - Chainalysis has acquired Alterya, a fraud-detection startup, for $150 million.  — Founded in 2022, Alterya uses AI to detect scams for financial and crypto firms.
Todd Bishop / GeekWire:
Microsoft is creating a new “CoreAI - Platform and Tools” unit led by Jay Parikh, the ex-Lacework CEO and Meta engineering executive who joined in October 2024  —  Microsoft is creating a new engineering division, led by the former global head of engineering at Facebook (now Meta) …
Richard Nieva / Forbes:
Jimmy Wales, Mark Ruffalo, others debut Free Our Feeds to raise $30M by 2028 to “billionaire-proof” AT Protocol, by making it easier for users to leave Bluesky  —  Free Our Feeds, which includes support from the Mozilla Foundation, is working with Bluesky to make sure …
Washington Post:
An investigation finds 15 police departments across 12 US states have arrested suspects identified through facial recognition without having any other evidence  —  Confident in unproven facial recognition technology, sometimes investigators skip steps; at least eight Americans have been wrongfully arrested.
More: Biometric Update.  Bluesky: @joffirphd, @drewharwell.com, and @hypervisible.  X: @glynco.  LinkedIn: Douglas MacMillan.  Forums: r/technology
Taylor Soper / GeekWire:
Bellevue, WA-based Truveta, which aggregates medical data from 30 partner institutions, raised $320M from Regeneron, Illumina, and others at a $1B+ valuation  —  Seattle-area health data company Truveta announced $320 million in fresh funding and an ambitious new initiative to create a giant genomic dataset.
New York Times:
OpenAI publishes a “economic blueprint” for “AI in America”, calling on the new Trump admin to spur investment from the Middle East and avoid strict regulations  —  The maker of ChatGPT hopes to spur investment from the Middle East and avoid strict regulations on the development of new technologies.
Dominic Preston / The Verge:
Mastodon CEO Eugen Rochko plans to transfer Mastodon's ownership to a new non-profit, saying “Mastodon should not be owned or controlled by a single individual”  —  Mastodon says the decentralized network ‘should not be owned or controlled by a single individual.’
Dan Mangan / CNBC:
The SEC says that two Robinhood broker-dealers agreed to pay $45M in combined penalties to settle charges that they violated over 10 securities law provisions  —  - CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel  — Supply Chain Values  — Select Shopping  — Ad Choices

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From Mediagazer

The Guardian:
A reconstruction of the events that led to Ukrainian reporter Victoria Roshchyna's detention and death in Russia; forensics suggest “numerous signs of torture”

Mark Stenberg / Adweek:
Source: the Los Angeles Times had a roughly $50M loss in 2024, following a $30M loss in 2023, and has lost about 25,000 paid subscribers since September 2024

Benjamin Mullin / New York Times:
The Corporation for Public Broadcasting sues the Trump administration, accusing it of illegally trying to fire three members of its board on April 28

More News

Jonathan Stempel / Reuters:
SCOTUS declines to hear Meta's bid to avoid a class action by advertisers that accused the company of overcharging them by inflating their potential ad reach
Mary Ann Azevedo / TechCrunch:
Toronto-based Float Financial, which offers expense management software and corporate credit cards, raised a $48.5M Series B led by Goldman Sachs Growth Equity

Earlier Picks

Wall Street Journal:
Donald Trump Jr. is joining prediction-market startup Kalshi as a strategic adviser; CFTC called Kalshi “an online casino” in a December filing
Kerry Flynn / Axios:
T-Mobile agrees to acquire Vistar Media, which focuses on programmatic digital out of home advertising, for $600M in cash; the deal is expected to close in Q1
New York Times:
Sources detail DOGE, which is likely to work as more of a brand linked by Signal group chats coordinating US policy or personnel recommendations and recruitment
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