Techmeme
November 1, 2024, 10:00 PM

Top News

Chance Miller / 9to5Mac:
Popular photo editing company Pixelmator says it has signed an agreement to be acquired by Apple, pending regulatory approval  —  Apple is acquiring the popular photo editing company Pixelmator.  The Pixelmator Team announced the news in a blog post on Friday and said there will be “no material changes” to its apps “at this time.”
Benjamin Mayo / 9to5Mac:
Satellite services provider Globalstar says Apple committed $1.1B to expand satellite service capacity and $400M to buy a 20% equity stake; GSAT closes up 31%  —  Satellite services provider GlobalStar today disclosed an expansion of its deal with Apple.  Apple will commit an additional $1.1 billion …
Bloomberg:
Nvidia will replace Intel in the Dow Jones Industrial Average on November 8, after Amazon replaced Walgreens in February; Intel joined the index in 1999  —  - Intel, Dow Inc. are set to leave the 30-member index  — Nvidia up 3.2% in post-market trading, while Intel is down 2%
Jay Peters / The Verge:
Meta rolls out its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train  —  Meta is introducing some big changes with its Quest v71 update, including a redesign of Meta Horizon OS, a calendar app, and the ability to use Travel Mode on a train.
Michael Kan / PCMag:
Google researchers detail Project Big Sleep, formerly Project Naptime, which used an AI agent to discover a previously unknown and exploitable bug in SQLite  —  The company's experimental AI agent finds a previously unknown and exploitable software bug in SQLite, an open-source database engine.
Anton Shilov / Tom's Hardware:
Intel outlines plan to break free from TSMC manufacturing, including making a majority of Nova Lake CPUs, due in 2026, internally  —  Good days are coming for Intel.  —  Intel's next-generation Panther Lake (via SeekingAlpha) processors will contain 70% in-house silicon, positively affecting the company's margins.
Alexander Osipovich / Wall Street Journal:
Polymarket user Fredi9999, a self-described Frenchman, says he bet $30M+ on Trump after analyzing polls; he can't exit his wagers without crashing the market  —  Self-described French trader says he bet more than $30 million on U.S. election after analyzing polls
Reuters:
Disney forms the Office of Technology Enablement to coordinate its use of emerging technologies such as AI and mixed reality, to be led by CTO Jamie Voris  —  Walt Disney (DIS.N) is forming a new unit to coordinate the company's use of emerging technologies such as artificial intelligence and mixed reality …
Microsoft:
Microsoft and a16z jointly share US public policy ideas for AI startups, saying “regulation should be implemented only if its benefits outweigh its costs”  —  Satya Nadella, Chairman and CEO, Microsoft; Brad Smith, Vice-Chair and President, Microsoft, Marc Andreessen …
Bloomberg:
The capital expenditures of Amazon, Alphabet, Meta, and Microsoft are set to total over $200B in 2024, as companies accelerate spending to chase AI developments  —  - Amazon, Alphabet, Meta and Microsoft all accelerated spending  — Mixed results from the big tech won't slow 2025 investment
Manish Singh / TechCrunch:
Indonesia bans Pixel smartphone sales, saying Google must comply with rules requiring 40% local content in smartphones, days after banning the iPhone 16 lineup  —  Indonesia has banned sales of Google Pixel smartphones for failing to meet domestic content requirements, days …

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