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August 3, 2024, 4:05 PM
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Jason Schreier / Bloomberg:
A look at Bungie's future after it laid off 220 staffers, as current and former employees say it grew too fast and tried to develop too many projects at once  —  The creator of Halo and Destiny laid off more than 200 people this week including several top executives  —  Hi everyone.
Ivan Mehta / TechCrunch:
Character.AI co-founders Noam Shazeer and Daniel De Freitas, and some employees, are joining Google; Google has signed a non-exclusive agreement to use its tech  —  In a big move, Character.AI co-founder and CEO CEO Noam Shazeer is returning to Google after leaving the company in October 2021 to found the a16z-backed startup.
The Information:
Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products
The Information:
Sources: Nvidia told Microsoft, and another large cloud provider, that its new Blackwell AI chips will be delayed by three months or more due to design flaws  —  Nvidia's upcoming artificial intelligence chips will be delayed by three months or more due to design flaws …
New York Times:
The US DOJ sues TikTok, saying it collected children's data without parents' permission, knowingly let users under the age of 13 create accounts, and more  —  The Justice Department said that TikTok illegally collected children's data and knowingly allowed users under the age of 13 to create accounts.
Lucas Shaw / Bloomberg:
Sources: Meta is offering Hollywood celebrities like Judi Dench millions of dollars for the right to use their voices for AI projects; SAG-AFTRA agreed to terms  —  - Judi Dench, Awkwafina are among the celebrities holding talks  — Some terms sought by Meta trigger actors' fears of AI
Financial Times:
Microsoft, Alphabet, Amazon, and Meta boosted capex by 50% to a total of $106B in H1 2024, as they build AI infrastructure and pledge more investment hikes  —  Technology stocks have been volatile as Microsoft, Meta, Amazon and Google report huge increases in their investments in artificial intelligence
Eric Platt / Financial Times:
Filings: Warren Buffett's Berkshire Hathaway slashed its stake in Apple by ~50% in Q2, following a 13% cut in Q1, leaving it with a position worth $84.2B  —  Cash holdings hit a record high as billionaire investor dumps $76bn of stocks  —  Warren Buffett's Berkshire Hathaway has slashed …
Michael McWhertor / Polygon:
ROMHacking.net, a community of people sharing hacks and fixes for old games, winds down, closes all ROM hack submissions, and moves its data to Internet Archive  —  ROMhacking.net's data is moving over to the Internet Archive  —  ROMhacking.net, a longtime resource for video game fan translations …
Wall Street Journal:
A profile of Huawei, which has expanded into new businesses, built out its supply chain, and boosted profit, thanks to billions of dollars in Beijing support  —  The Chinese telecom giant struggled at first under U.S. sanctions—then Beijing stepped in
Lily Hay Newman / Wired:
A security researcher says 4.6M Illinois voter and election records, including Social Security Numbers, were exposed by a contractor's unsecured databases  —  Social Security numbers, death certificates, voter applications, and other personal information was accessible on the open internet …

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This is a Techmeme archive page. It shows how the site appeared at 4:05 PM ET, August 3, 2024.

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From Mediagazer

Lili Loofbourow / Washington Post:
A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set

Sara Fischer / Axios:
How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust

Deadline:
WBD report Q3 revenue down 3% YoY to $9.62B, adjusted EBITDA down 18% YoY to $2.4B, and net income of $135M, as its box offices numbers drop

More News

Patpicha Tanakasempipat / Bloomberg:
Apple apologizes and pulls an ad set in Thailand after backlash from Thai lawmakers and influencers who deemed its portrayal of the country offensive
Zack Whittaker / TechCrunch:
Data breach notifications show US pharmaceutical giant Cencora has notified at least 1.43M individuals that their data was compromised in a February data breach
CNBC:
Intel shares fall 26% to close at $21.48 in their biggest drop since 1974, after the company reported a big earnings miss; Intel's market cap is now below $100B
Gaby Del Valle / The Verge:
Trump says Zuckerberg called him after the assassination attempt and told Trump he wouldn't endorse a Democrat because he “respected” Trump's reaction that day

Earlier Picks

Olga Kharif / Bloomberg:
Crypto lender Genesis and related companies complete their bankruptcy restructuring and begin distributing ~$4B in digital assets and cash to creditors
Arjun Kharpal / CNBC:
Nintendo reports Q1 revenue down 46.5% YoY to ~$1.65B, vs. ~$1.92B est., net profit down 55.3% YoY to ~$536M, and Switch sales down 46% YoY to 2.1M units
Josh Sisco / Politico:
Sources: the US DOJ is investigating Nvidia's acquisition of Run:ai, a Tel Aviv-based startup that enables virtualization of GPUs, on antitrust grounds
Paul Alcorn / Tom's Hardware:
Intel extends the warranty for its boxed Core 13th and 14th Gen desktop processors by an additional two years, due to customers experiencing instability issues
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