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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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About This Page

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

Caitlin Huston / The Hollywood Reporter:
Ted Sarandos calls on streaming rivals to release their viewership numbers, says Netflix can double its viewership with live events and Christmas Day NFL games

Charlotte Tobitt / Press Gazette:
The Economist introduces AI translations into French, German, Mandarin, and Spanish for Espresso, its budget-friendly, “snack-sized” journalism app

Matt Bernardini / The Guardian:
A look at Intelligencer Today, a pro-Russian, anti-vaccine website with editorial board members tied to Trump and contributors tied to Kremlin state media

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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