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December 4, 2024, 12:55 AM
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Top News

Kif Leswing / CNBC:
Apple says it's using Amazon's Trainium and Graviton chips to serve search services and is evaluating if Trainium2 chips can be used to pretrain its AI models  —  Apple is currently using Amazon Web Services' custom artificial intelligence chips for services like search and will evaluate …
Kyle Wiggers / TechCrunch:
AWS unveils Nova models for Bedrock, including Micro, Lite, Pro, and Premier for text generation, and Canvas for image generation and Reel for video generation  —  At its re:Invent conference on Tuesday, Amazon Web Services (AWS), Amazon's cloud computing division, announced a new family …
Sam Sabin / Axios:
The FBI and CISA give US telcos best practices to harden their systems against attacks, as senior US officials say Salt Typhoon hackers remain on their networks  —  - Officials added that they don't yet know the full scope of the intrusions, despite starting the investigation in late spring.
Joseph Cox / 404 Media:
FTC bans location data providers Gravy Analytics and subsidiary Venntel as well as Mobilewalla from using or selling data tied to sensitive locations and more  —  The Federal Trade Commission (FTC) announced sweeping action against some of the most important companies in the location data industry …
Gaby Del Valle / The Verge:
The CFPB proposes limiting data brokers' ability to sell Americans' personal and financial info, after the National Public Data breach discovered in April 2024
Ingrid Lunden / TechCrunch:
Salesforce says online Cyber Monday sales grew 3% YoY to $49.7B globally and just 2% YoY to $12.8B in the US; Adobe says US online sales grew 7.3% YoY to $13.3B  —  The figures are now in for consumer spending on Cyber Monday, the third big online spending day — alongside Thanksgiving and Black Friday …
Nicole Carpenter / Polygon:
Ubisoft will shut down its free-to-play shooter XDefiant, with servers remaining on until June 3, 2025, and plans to cut ~277 people from the production team  —  Servers will remain on until June 3, 2025, but the game will no longer be offered for download, and player registration will be closed.
Frederic Lardinois / TechCrunch:
AWS announces the general availability of its Trainium2 chips, and EC2 Trn2 UltraServers, which feature 64 Trainium2 chips, and slates Trainium3 for late 2025  —  At its re:Invent conference, AWS today announced the general availably of its Trainium2 (T2) chips for training and deploying large language models (LLMs).
Belle Lin / Wall Street Journal:
AWS announces Project Rainier, a cluster with “hundreds of thousands” of Trainium2 chips, slated for 2025, that Anthropic aims to use to train and run AI models
Timothy Gardner / Reuters:
Meta is seeking proposals from nuclear power developers, as it plans to add 1 to 4 gigawatts of new US nuclear generation capacity starting in the early 2030s  —  Meta (META.O) said on Tuesday it is seeking proposals from nuclear power developers to help meet its artificial intelligence …
Luc Cohen / Reuters:
Celsius Network founder and former CEO Alex Mashinsky pleaded guilty in a US court to commodities fraud and a fraudulent scheme to manipulate the price of CEL  —  Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, said on Tuesday he intends to plead guilty to two counts of fraud.
Hannah Murphy / Financial Times:
Nick Clegg says Mark Zuckerberg is keen to play “an active role” in Trump admin tech policy debates and Meta “overdid it a bit” when moderating pandemic content  —  Policy chief Nick Clegg says social media company ‘overdid it’ on content moderation, as it seeks to placate president-elect
Jonathan Vanian / CNBC:
Salesforce reports Q3 revenue up 8% YoY to $9.44B, vs. $9.34B est., net income up 25% YoY to $1.5B, and gives Q4 guidance above est.; CRM jumps 10%+ after hours  —  Salesforce shares were up 5% on Tuesday after the company reported its fiscal third-quarter earnings, reporting revenue …
Todd Spangler / Variety:
Walmart closes its $2.3B cash acquisition of TV maker Vizio, saying the deal will let it offer new ways for advertisers to reach customers via Walmart Connect  —  Walmart announced the completion of its $2.3 billion all-cash acquisition of TV maker Vizio, a move by the retailing giant to expand its advertising business.
Bloomberg:
Bluesky COO Rose Wang says the social network is not “a US-centric, left-leaning app” and that Bluesky plans to launch a subscription service by the end of 2024  —  - Company isn't building an app for ‘one voice,’ Wang says  — Service has added more than 10 million US users since election

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From Mediagazer

Ted Johnson / Deadline:
The US House votes 214-212 to rescind $1.1B in federal funding for public broadcasting for the next two fiscal years; the bill now heads to the Senate

Charles Pulliam-Moore / The Verge:
Tubi announces plans to distribute 20+ films funded on Kickstarter, starting in the fall, and to invest in Kickstarter's FilmStream Collective Fund

Caitlin Huston / The Hollywood Reporter:
Harvey Weinstein's rape charge retrial ends in a mistrial after the jury foreperson refused to return to the jury room due to threats from other jurors

More News

Julie Bort / TechCrunch:
Trade business software provider ServiceTitan offers an IPO range of $52 to $57 per share and plans to buy back the shares of its nonconvertible preferred stock
Milana Vinn / Reuters:
Sources: Intel has started evaluating outsiders to be CEO, including former board member Lip-Bu Tan, who left in August 2024 after clashing with Pat Gelsinger

Earlier Picks

Edith Hancock / Wall Street Journal:
A US law firm files an antitrust lawsuit against Microsoft with the UK's Competition Appeal Tribunal over how it charges users who buy services that rival Azure
Financial Times:
China bans shipments to the US of several “dual-use” minerals and metals used in chipmaking and military applications, in a retaliation to new US chips curbs
Sylvia Pfeifer / Financial Times:
German defense tech startup Helsing unveils its first AI attack drone, which can fly up to 100km and re-identify and engage targets without a data connection
Wes Davis / The Verge:
Threads is rolling out a search update globally over the next few weeks that will let users filter searches by “After date,” “Before date,” and “From profile”
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