Techmeme
December 23, 2024, 10:45 PM
 

December 23, 2024

9:20 PM  •
Antonio Pequeño IV / Forbes:  xAI announces it raised a $6B Series C from a16z, BlackRock, Fidelity, Kingdom Holdings, Sequoia, Nvidia, and others, at a reported valuation of at least $40B
6:45 PM  •
Lauren Thomas / Wall Street Journal:  Xerox agrees to acquire Lexmark from Ninestar, PAG Asia Capital, and Shanghai Shouda in a deal valued at $1.5B, including debt, and expected to close in H2 2025
4:35 PM  •
Alexander Osipovich / Wall Street Journal:  Experts: Bitcoin has time to adopt newer encryption that's resistant to attacks via potentially upcoming quantum systems, but such an overhaul could take years
2:25 PM  •
Reuters:  Sources: Microsoft is working on adding more first- and third-party AI models to power 365 Copilot, to lower its reliance on OpenAI amid cost and speed concerns
1:45 PM  •
Gene Maddaus / Variety:  The Animation Guild ratifies a contract with major studios, without AI demands such as letting members opt out of using AI or allowing AI training on their work
12:58 PM  •
Ryan Christoffel / 9to5Mac:  In a viral YouTube video, MegaLag claims PayPal's Honey browser extension doesn't show users the best coupons and deals, and steals creators' affiliate revenue
11:20 AM  •
Ben Lovejoy / 9to5Mac:  Kuo: Apple's M5 chip will use TSMC's advanced N3P node; M5 Pro, Max, and Ultra will use a new server-grade SoIC packaging featuring separate CPU and GPU designs
10:50 AM  •
Andrew Liszewski / The Verge:  Amazon Kindle Paperwhite Signature Edition review: best e-reader screen, fast page turns, and color options, but mostly small upgrades and lacks stylus support
9:00 AM  •
Loni Prinsloo / Bloomberg:  Dutch tech investor Prosus plans to acquire online travel agency Despegar.com for $1.7B, a 33% premium, to expand in Latin America, set to close in Q2 2025
8:25 AM  •
Bloomberg:  VC insiders say many partners left big firms in 2024, either quitting or being pushed out, as bleak market conditions led to less funding and leaner operations
7:25 AM  •
Financial Times:  Sources: Meta plans to add a display to its Ray-Ban glasses as soon as H2 2025 to show notifications or AI responses, and has accelerated Orion's development
6:55 AM  •
New York Times:  Telegram is set to be profitable in 2024, a first, with $1B+ in revenue, up from nearly $350M in 2023, and ending 2024 with ~$500M in cash, as it pays down debt
6:30 AM  •
Financial Times:  SEC filings: Spotify executives have sold $1.25B in stock in 2024, including CEO Daniel Ek selling nearly $350M and co-founder Martin Lorentzon selling $550M+
6:10 AM  •
Manish Singh / TechCrunch:  X raised US Premium+ prices by 37.5% to $22 per month, effective December 21, and EU prices 31% from €16 to €21 per month; the basic subscription still costs $3
5:55 AM  •
New York Times:  The Biden administration opens a trade investigation into China's production of older chips, a move that may lead to tariffs or other measures to block imports
5:40 AM  •
Bloomberg:  Google says it plans to counter Japan's claims that it engages in anticompetitive practices in search; source: Japan's FTC sent Google a cease-and-desist order
5:00 AM  •
Om Malik / On my Om:  AI platforms are unlikely to become a major source of traffic or ad revenue for media outlets, with content deals offering only a short-term revenue boost
3:50 AM  •
Ethan Mollick / One Useful Thing:  The past month's announcements from Google, OpenAI, and others have transformed the state of generative AI, highlighting the breadth and pace of change
12:45 AM  •
Michael Peel / Financial Times:  A look at new tech-based mental health treatments like the Tetris method and Avatar therapy that are offering promising early results and possibilities

December 22, 2024

9:45 PM  •
Maxwell Zeff / TechCrunch:  OpenAI details “deliberative alignment”, a new method it used to make o1 and o3 “think” about its safety policy before responding, to improve overall alignment
6:32 PM  •
Bloomberg:  Sources: SoftBank's Masayoshi Son has recently become singularly obsessed with how to build the next Nvidia and wants competitive AI chips ready to ship by 2026
6:25 PM  •
Tim Bradshaw / Financial Times:  Broadcom CEO Hock Tan says AI spending frenzy will continue until the decade's end, and downplays an Intel bid, saying he had his “hands very full” in AI chips
5:55 PM  •
Kyle Wiggers / TechCrunch:  Donald Trump announces that Sriram Krishnan, until recently a general partner at a16z, will serve as senior policy advisor for AI at the White House OSTP
5:00 PM  •
The Linux Foundation:  A survey of 501 organizations globally estimates organizations contribute $7.7B annually to open-source software and 86% of the investment is employee labor
2:35 PM  •
Financial Times:  Sources: Palantir and Anduril are in talks with OpenAI, SpaceX, and more to form a consortium to bid for US defense contracts and plan to announce it in January
1:50 PM  •
Bloomberg:  A look at Crunchyroll's challenges, including current and former employees saying its management is out of touch, as Disney and Netflix expand into anime
11:40 AM  •
Kevin Roose / New York Times:  A look at Amazon's revamped drone delivery program near Phoenix, Arizona, where the company's new MK-30 drones deliver dozens of packages per day to customers
9:50 AM  •
Mark Gurman / Bloomberg:  Sources: Apple is working on a smart doorbell system with advanced facial recognition that can wirelessly connect and unlock third-party smart locks
6:10 AM  •
Bloomberg:  Preqin: Southeast Asia's AI startups raised just $1.7B across 122 deals so far in 2024, out of ~$20B across 1,845 deals for the whole Asia-Pacific region
2:05 AM  •
Michael J. de la Merced / New York Times:  How Britannica survived the Wikipedia era by changing itself into a maker of education software and AI agents, as it reportedly weighs an IPO at a $1B valuation
12:40 AM  •
Esha Dey / Bloomberg:  Tesla's shares are up 73% since Election Day, as several analysts see the Trump administration easing rules for self-driving tech, benefiting Tesla's ambitions
12:20 AM  •
Wall Street Journal:  Gina Raimondo says holding back China in the chips race is a “fool's errand”, and investment, more than export controls, will keep US ahead of Beijing

December 21, 2024

9:05 PM  •
Satviki Sanjay / Bloomberg:  A look at India's quick food delivery market, as Swiggy and Zomato enter the sector; a JM Financial report expects Indian deliveries to reach $15B by March 2029
7:05 PM  •
Timothy B. Lee / Ars Technica:  Exploring the scaling challenges of transformer-based LLMs in efficiently processing large amounts of text, as well as potential solutions, such as RAG systems
5:05 PM  •
Andrew J. Hawkins / The Verge:  The US NHTSA suggests easing rules allowing for fully driverless cars and urges companies operating driverless cars to share more data for greater transparency
3:05 PM  •
Financial Times:  Report: hedge funds employing crypto strategies posted 46% gains in November, bringing their YTD returns to 76%, outpacing the industry average of 10% YTD gains
1:20 PM  •
Lucinda Shen / Axios:  Tether says it is on track for a record $10B net profit in 2024 and expects to invest $2.5B to $3B in 2025 across AI, finance, biotech, education, and mining
12:01 PM  •
Reuters:  Albania bans TikTok for a year from January 2025, part of a broader plan to make schools safer following the killing of a 14-year-old near a school in November
10:45 AM  •
Paresh Dave / Wired:  Google says it wouldn't force its device makers, browser, and wireless carrier licensees to distribute Gemini to US users for three years, in a proposed remedy
9:30 AM  •
Bloomberg:  The US awards a $4.75B CHIPS Act grant to Samsung and $1.6B to Texas Instruments for new factories in Texas and Utah, rounding out the program's largest grants
6:35 AM  •
Jason Del Rey / Fortune:  A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges
2:30 AM  •
Olivia Carville / Bloomberg:  A look at a lawsuit from 64 families against Snap that alleges Snapchat's design is responsible for connecting teens to dealers selling counterfeit drugs
1:50 AM  •
Manish Singh / India Dispatch:  Sensor Tower: Indian quick commerce startup Zepto had 31M MAUs in Nov. 2024, up from 6M in May 2022; Blinkit had 30M MAUs in Nov. 2024, up from 28M in May 2022
1:01 AM  •
Emanuel Maiberg / 404 Media:  Researchers at Anthropic, Oxford, Stanford, and MATS create Best-of-N Jailbreaking, a black-box algorithm that jailbreaks frontier AI systems across modalities
12:25 AM  •
Reuters:  Dealogic data: the global M&A activity in the tech sector in 2024 jumped 20%+ YoY to $534B, accounting for the largest share of the total $3.45T in M&A activity
12:05 AM  •
Wency Chen / South China Morning Post:  Report: Alibaba splits the team developing apps for its AI chatbot Qianwen from the team that builds its LLM, following similar moves by ByteDance and Baidu

December 20, 2024

11:25 PM  •
Bloomberg:  Sources: Intel shortlists buyout firms for the next round of bidding for its Altera unit, including Francisco Partners, Silver Lake, and Lattice Semiconductor
11:00 PM  •
Bloomberg:  Google calls DOJ's proposed Chrome sale “extreme” and at odds with the law, urging the judge to take caution to avoid stifling innovation and future investment
10:50 PM  •
Jody Godoy / Reuters:  As part of its remedies proposal, Google would make its Android agreements with OEMs non-exclusive and allow them to unbundle Play Store from Chrome and Search
10:38 PM  •
Lee-Anne Mulholland / The Keyword:  Google files its proposed remedies in the DOJ's search antitrust lawsuit, including letting browser companies have multiple default agreements across platforms
10:10 PM  •
Deepa Seetharaman / Wall Street Journal:  Sources: OpenAI's GPT-5, codenamed Orion, is behind schedule and faces technical hurdles, including high computing costs and limited high-quality training data
9:05 PM  •
TrendForce:  Global shipments of VR and MR headsets are expected to reach ~9.6M units in 2024, up 8.8% YoY; Meta remains the global leader with a 73% market share
8:11 PM  •
Joseph Menn / Washington Post:  A US judge finds NSO Group liable for exploiting a bug in WhatsApp to spy on 1,400 users and that WhatsApp is entitled to sanctions against NSO
7:30 PM  •
David Scheer / Bloomberg:  Tai Mo Shan, part of Jump Trading's crypto unit, agrees to pay $123M to settle SEC's claims it misled investors about the stability of TerraUSD
7:10 PM  •
Kali Hays / Fortune:  Sources: David Sacks' role as WH AI and crypto czar will be limited to an adviser role, overseen by Michael Kratsios, partly because he won't divest from Craft
6:45 PM  •
Andrew J. Hawkins / The Verge:  A study by Waymo and insurer Swiss Re finds Waymo's vehicles were safer than those driven by humans, with a 92% reduction in bodily injury claims and more
5:30 PM  •
Stephen Alpher / CoinDesk:  Rumble announces a $775M investment from Tether and plans to use $525M to fund a tender offer for ~70M shares of its common stock; RUM jumped 50%+ after hours
5:25 PM  •
Sylvia Varnham O'Regan / The Information:  Google hired 100+ staffers of Magic Leap as contractors to assist with Google's work on its new Android XR OS, raising questions about the future of Magic Leap
5:10 PM  •
Sergiu Gatlan / BleepingComputer:  US DOJ says a Romanian involved in Netwalker ransomware attacks has been sentenced to 20 years in prison after pleading guilty to computer fraud and wire fraud
4:35 PM  •
Bloomberg:  Qualcomm prevails at trial against Arm's claim that it breached a chip tech license acquired in the $1.4B Nuvia purchase in 2021; Arm plans to seek a retrial
4:05 PM  •
Liz Pelly / Harper's:  How Spotify used its Perfect Fit Content program to rig its system against musicians, filling popular playlists with “ghost artists” to cut its royalty payouts
3:01 PM  •
The Information:  Shivakumar Venkataraman, a longtime Google executive who joined OpenAI earlier in 2024 to help lead the development of search and AI for enterprise, has left
2:40 PM  •
Jamie Tarabay / Bloomberg:  The US charges dual Russian and Israeli national Rostislav Panev for allegedly working with the LockBit ransomware group and seeks his extradition from Israel
2:20 PM  •
ARC Prize:  o3, trained on the ARC-AGI-1 Public Training set, scored 87.5% on ARC Prize's Semi-Private Evaluation in a high-compute configuration; GPT-4o scored 5% in 2024
1:20 PM  •
Bloomberg:  OpenAI says safety researchers can sign up for o3 preview today and that it decided not to name the new model o2 “out of respect” for the UK telecom company
1:17 PM  •
Maxwell Zeff / TechCrunch:  OpenAI unveils o3 and o3-mini, trained to “think” before responding via what OpenAI calls a “private chain of thought”, and plans to launch them in early 2025
1:05 PM  •
Kelsey Butler / Bloomberg:  Grindr will cover 80% in fertility, surrogacy, and adoption costs, up to $300K, for employees who have been at the company for 18+ months, starting in 2025
12:30 PM  •
Fortune:  Sam Altman says Elon Musk is “clearly a bully” who is suing OpenAI because the startup is doing really well and calls the lawsuits “a little bit of a sideshow”
11:55 AM  •
Lorenzo Franceschi-Bicchierai / TechCrunch:  Experts say Apple's spyware notifications for victims are a game changer for research; the notifications direct the victims to nonprofit security lab Access Now
11:20 AM  •
Sergiu Gatlan / BleepingComputer:  US hospital operator Ascension notifies nearly 5.6M patients and employees that their personal and health data was stolen in a May 2024 Black Basta cyberattack
10:50 AM  •
Hugh Son / CNBC:  The US CFPB sues Zelle operator EWS, JPMorgan Chase, Bank of America, and Wells Fargo, alleging that customers lost $870M+ to fraud since Zelle's launch in 2017
10:05 AM  •
Reuters:  Italy's data regulator fines OpenAI €15M after its investigation found OpenAI processed users' personal data to train ChatGPT without an adequate legal basis
9:25 AM  •
Dean Takahashi / VentureBeat:  Linden Lab says it has spent $1.3B building Second Life, which debuted in 2003, paid out $1.1B to creators, and the virtual world has a ~$650M-per-year economy
7:45 AM  •
Robert Booth / The Guardian:  The UK ICO criticizes Google as “irresponsible” after the company announced plans to let advertisers employ fingerprinting techniques from February 16, 2025
7:20 AM  •
Reuters:  The UK CMA says its Phase 1 probe found chip design software maker Synopsys' $35B acquisition of 3D software maker Ansys could lower innovation and raise prices
6:55 AM  •
Ivan Mehta / TechCrunch:  Bluesky updates its app to include a separate mentions tab in notifications, protections against username squatting, and new controls for replies sorting
6:15 AM  •
Samuel Stolton / Bloomberg:  The European commission approves Nvidia's acquisition of Israeli AI workload management startup Run:ai, saying the deal raises no competition concerns in the EU
5:45 AM  •
Bloomberg:  Malaysia says it has identified WhatsApp, Facebook, Instagram, X, YouTube, Telegram, WeChat, and TikTok as online platforms required to obtain a license by 2025
4:05 AM  •
Bobby Allyn / NPR:  Q&A with Australia eSafety Commissioner Julie Inman Grant on what led to the country's under-16 social media ban, enforcement, unintended consequences, and more
2:00 AM  •
Emily Nicolle / Bloomberg:  Crypto executives say the EU's MiCA crypto regulation may drain liquidity from markets without achieving the EU's goals, like helping prevent money laundering
12:55 AM  •
Bloomberg:  SAP promoted a team lead accused by five female staff of targeting female subordinates, raising concerns about company culture and workplace discrimination

December 19, 2024

11:30 PM  •
Bloomberg:  Sony's shares surged 50%+ from an August 2024 low to hit an all-time high last week, as investors are bullish on 2025 gaming growth; its prior ATH was in 2000
10:15 PM  •
Yantoultra Ngui / Reuters:  Singapore-based bolttech, a B2B2C startup that offers “embedded” insurance products, raised a $100M+ Series C led by Dragon Fund at a $2.1B valuation
9:20 PM  •
Marina Temkin / TechCrunch:  Sources: Anysphere, developer of GitHub Copilot rival Cursor, raised a $100M Series B at a $2.6B valuation, up from a $400M valuation in August 2024
8:55 PM  •
Malcolm Owen / AppleInsider:  Apple researchers say the company's open-source ReDrafter method on Nvidia GPUs led to a 2.7x speed increase in generated tokens per second for greedy encoding
8:20 PM  •
Benj Edwards / Ars Technica:  Researchers unveil Genesis, an open-source generative physics engine that trains robots in simulated reality 430K times faster than in the real world
6:20 PM  •
Kyle Wiggers / TechCrunch:  Charlotte, NC-based Aiwyn, which provides automation software for accounting firms, raised $113M led by KKR and Bessemer, bringing its total funding to $127M
5:15 PM  •
Ivan Mehta / TechCrunch:  YouTube plans to start a crackdown on “egregious clickbait”, or videos where the titles or thumbnails make claims the videos don't back up, beginning in India
4:05 PM  •
Bloomberg:  A look at Frank McCourt's efforts to acquire TikTok and the obstacles he faces, as he lobbies Congress and Trump's team and recruits former TikTok executives
3:30 PM  •
Charles Rollet / TechCrunch:  Backflip, which is building AI models that can generate 3D designs using text, sketches, or photos as prompts, raised a $30M Series A co-led by NEA and a16z
2:50 PM  •
Stephanie Palazzolo / The Information:  Anthropic, whose CEO, Dario Amodei, has vocally opposed Donald Trump, and OpenAI look to hire more people with ties to Trump and the GOP for their policy teams
1:55 PM  •
New York Times:  Sources: the US' proposed AI chip framework would block adversaries entirely, and give others quotas based on their US alignment, threatening Nvidia's expansion
1:15 PM  •
New York Times:  In 150+ X posts, Elon Musk led the charge to kill a bipartisan spending deal, in part by sharing misinfo, which may lead to a government shutdown over Christmas
12:40 PM  •
Kyle Wiggers / TechCrunch:  Google releases Gemini 2.0 Flash Thinking, an experimental “reasoning” model that “explicitly shows its thoughts” and can use them to strengthen its reasoning
12:00 PM  •
Allyson Versprille / Bloomberg:  The US FAA publishes 22 temporary flight restrictions for drones over parts of New Jersey, as public hysteria over sightings of possible drone activity persists
11:20 AM  •
Bloomberg:  Sources: Insight Partners, which acquired Dotmatics for ~$629M in March 2021, is exploring options for the R&D software maker, including selling it for $5B+
11:10 AM  •
Jess Weatherbed / The Verge:  Meta teases an AI editing tool powered by Movie Gen AI in Instagram that can change outfits, backgrounds, and more in videos using a text prompt, coming in 2025
10:35 AM  •
Robert Booth / The Guardian:  A coalition of newspapers, writers, movie producers, and others rejects the UK's plans to create a copyright exemption for AI companies to train their models
9:55 AM  •
Ingrid Lunden / TechCrunch:  Decart, which helps organizations train and run AI models at scale, raised a $32M Series A, sources say at a $500M+ valuation, after a $21M seed in October 2024
9:11 AM  •
Tim Bradshaw / Financial Times:  Oura raised a $200M Series D with participation from Fidelity and Dexcom at a $5.2B valuation and says sales grew 100%+ in 2024 to ~$500M with 2.5M+ rings sold
8:20 AM  •
Chainalysis:  In 2024, hackers stole $2.2B in crypto across 303 hacks, up from $1.8B across 282 hacks in 2023; by July 2024, $1.58B had been stolen, but the pace slowed after
7:30 AM  •
Washington Post:  Congress approves $3B in funding for a project to remove Huawei and ZTE equipment from US phone networks nationwide; Trump's FCC started the initiative in 2020
7:10 AM  •
Business Insider:  How Bengaluru, the “Silicon Valley of India”, is under pressure as rapid growth tests local infrastructure; its population jumped from 8M in 2010 to ~14M now
6:25 AM  •
Paul Arnold / Reuters:  Swiss tech advisory SoftwareOne to buy Norwegian rival Crayon in a cash and stock deal valuing Crayon at ~$1.4B; the combined firm will have ~$1.8B in revenue
6:10 AM  •
Mackenzie Hawkins / Bloomberg:  The US finalizes a $458M grant for SK Hynix under the CHIPS Act and $500M in loans to build a $3.87B chip packaging facility in Indiana
5:50 AM  •
S.E. Smith / The Verge:  A look at the quickly disappearing web, as digital decay and link rot erase many media formats; a Pew study says 38% of webpages accessible in 2013 are now gone
5:35 AM  •
Kiyoshi Takenaka / Reuters:  Sony buys ~$320M of shares in Japanese media powerhouse Kadokawa, which owns FromSoftware, taking its stake to ~10% and becoming Kadokawa's top shareholder
5:15 AM  •
Jef Feeley / Bloomberg:  Arm v. Qualcomm: Qualcomm CEO Cristiano Amon called Arm's Nuvia license cancellation and demand that Qualcomm destroy the IP after acquiring Nuvia “outrageous”
4:50 AM  •
Manish Singh / TechCrunch:  Tracxn: Indian startup funding rounds fell 32% YoY to 1,448 in 2024, but overall funding rose 6% YoY to $11.3B; 40+ startups completed IPOs, up 80% YoY
4:20 AM  •
Christian Elliott / MIT Technology Review:  A look at BirdVoxDetect, ML-powered open-source software that ornithologists can use and adapt to detect migratory songbird flight calls in audio recordings
4:05 AM  •
Reuters:  Sources: Apple is in early-stage talks with Tencent and ByteDance about integrating their AI models into iPhones sold in China; ChatGPT is unavailable in China
3:55 AM  •
Joel Khalili / Wired:  A look at Truth Terminal, an AI bot on X that was created to spark debate about AI alignment, as its crypto wallet swells to ~$40M after boosting memecoins
2:40 AM  •
Melissa Heikkilä / MIT Technology Review:  An analysis of nearly 4,000 public datasets finds that over 90% of AI training datasets came from Europe and North America, and fewer than 4% came from Africa
2:30 AM  •
Kyle Wiggers / TechCrunch:  Anthropic demonstrates “alignment faking” in Claude 3 Opus to show how developers could be misled into thinking an LLM is more aligned than it may actually be
2:10 AM  •
Nikkei Asia:  Q&A with Sony Semiconductor Manufacturing President Yoshihiro Yamaguchi on shipping 20B+ image sensors, a new manufacturing plant in Kumamoto, Japan, and more
1:50 AM  •
Financial Times:  Alejandro Mayorkas, the US DHS' outgoing secretary, says Europe's “adversarial” relationship with tech companies is hampering a global approach to AI regulation
1:30 AM  •
Ryan Vlastelica / Bloomberg:  Analysis: Alphabet's shares have jumped about 30% from a September 2024 low, with a chunk of those gains coming after Google unveiled its Willow quantum chip
1:00 AM  •
Sarah Perez / TechCrunch:  Appfigures: global consumer spending in mobile apps on the App Store and Google Play rose 15.7% YoY to $127.3B in 2024, but app downloads dropped 2.3% to 109.7B
12:45 AM  •
IDC:  Global wrist-worn wearable shipments fell 1% YoY to 139M units in Q1 2024 to Q3 2024; China was the largest market with 45.8M units and led growth at 20.1% YoY
12:30 AM  •
Romain Dillet / TechCrunch:  Lens, a high-performance layer-2 blockchain developed by Avara for consumer apps, raised $31M led by Lightspeed Faction, and plans to launch Lens v3 in Q1 2025

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