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September 20, 2024, 8:35 PM
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| Wall Street Journal: |
Sources: Qualcomm made a takeover approach to Intel in recent days, but a deal is far from certain; Intel's market cap is ~$93B and Qualcomm's is ~$188B — A deal for Intel would be massive and come at a time when the chip maker is sputtering.
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Forums: Hacker News, r/wallstreetbets, r/technology, r/intel, r/wallstreetbets, and r/AMD_Stock
| Bloomberg: |
Constellation Energy plans to invest $1.6B to revive the Three Mile Island nuclear plant in Pennsylvania and sell all the output to Microsoft for data centers — Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
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LinkedIn: Christopher Stephens, Jerrold Vincent, Robert Ong, Ville Tulkki, Peter Steiner, and Serge Tismen
Forums: r/technews, r/Economics, r/economy, r/environment, and r/politics
| Jonathan Stempel / Reuters: |
Filing: the US SEC says it intends to seek sanctions against Elon Musk for failing to appear for scheduled testimony for a probe into his $44B Twitter takeover — The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear …
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| Olena Harmash / Reuters: |
Ukraine bans the use of Telegram on official devices used by state officials, military personnel, and critical workers over fears of Russian spying — Ukraine has banned use of the Telegram messaging app on official devices used by state officials, military personnel and critical workers …
More: SC Media, BleepingComputer, SecurityWeek, PCMag, Semafor, UPI, The Cyber Express, The Record, Radio Free Europe/Radio …, and The Kyiv Independent. Forums: r/worldnews
| Timothy B Lee / Understanding AI: |
OpenAI's o1 models are dramatically better at reasoning than previous LLMs, but they struggle with spatial reasoning and are far from human-level intelligence — It's not easy to stump OpenAI's new o1 models. … You might remember around Thanksgiving last year when news broke about Q* …
More: Vox, ZDNET, and VentureBeat
| Samuel Stolton / Bloomberg: |
Sources: EU officials are preparing formal charges against Google under the DMA, targeting how it displays rival product results across its search services — - Google risks hefty fines if it fails to address EU concerns — Regulators are set to issue warning under Digital Markets Act| Ash Parrish / The Verge: |
Twitch changes how it enforces its community guidelines: strikes for some offenses will depreciate over time, users will get more info about strikes, and more — Twitch is changing the way it enforces its community guidelines. In an announcement posted on its website … | Ingrid Lunden / TechCrunch: |
Sources: Black Forest Labs, whose Flux.1 model powers Grok's image generator, is raising $100M at a $1B valuation; it came out of stealth with $31M in August — While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising …
X: @mattrosoff
| Sarah Perez / TechCrunch: |
Tumblr says it has seen a 222.99% growth in communities and a 349.55% growth in users since the X ban in Brazil, with DAUs up 30% from the 110K prior to the ban — Bluesky isn't the only social networking service to benefit from X's ban in Brazil, now under legal penalties.| Kalley Huang / The Information: |
Source: most daily users of Meta AI use it via WhatsApp, followed by Facebook, and few via Instagram; the vast majority of Meta AI's users are outside of the US — A year after Meta Platforms introduced its artificial intelligence assistant, a picture is emerging of how people are using it … | George Hammond / Financial Times: |
Sources: Thrive Capital has already provided $1B+ to OpenAI as part of the $6.5B round; OpenAI's existing backers a16z and Sequoia Capital are not participating — Venture groups believe ChatGPT-maker will eventually be the world's dominant AI company and worth trillions of dollars
More: Axios, Windows Central, The Information, Benzinga, The Decoder, and The Economic Times
| Bloomberg: |
A profile of Xbox President Sarah Bond, who helped mollify the UK CMA's concerns about the Activision acquisition and is leading the Xbox unit's transformation — A relative outsider, Sarah Bond is leading a high-stakes transformation of a company that's lagging behind Sony and Nintendo.
More: The Information, Gameranx, Metro.co.uk, TweakTown, and Pure Xbox
| Avi Ben-Hutta / Coverager: |
Functional Finance, which offers financial operations software for managing general agents, insurers, and wholesalers, raised a $20M Series A led by Walkabout — Functional Finance, a software platform “revolutionizing financial operations” for managing general agents, insurance companies … | Leah Nylen / Bloomberg: |
The judge overseeing the Google ad trial calls Google's testimony that it faces “fierce competition” from the likes of Microsoft and Meta “highly questionable” — - Search giant starts defense in antitrust ad tech lawsuit — Justice Department alleges company monopolized several marketsSponsor Posts
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Zoho:
How to choose the right live chat software for your business — In a world where instant communication is the norm, live chat software enables businesses to meet customer expectations with real-time assistance.
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