Samsung names Young Hyun Jun as its co-CEO as well as head of its memory chip business and appoints Jinman Han as the company president and foundry unit head (Reuters)

Study: about 85% of US unicorn startups that have gone public were unprofitable in 2023, despite most having been founded more than fifteen years earlier (Jeffrey Funk/American Affairs Journal)

Jeffrey Funk / American Affairs Journal: Study: about 85% of US unicorn startups that have gone public were unprofitable in 2023, despite most having been founded more than fifteen years earlier  —  Financial losses for today's start-ups are much more common than they were decades ago, and the losses are much bigger.

Published: 2024-11-27 09:00:51

A look at the evolution of China's semiconductor industry and Huawei under US export controls, as GPUs become the new focal point of US-China tech competition (Paul Triolo/American Affairs Journal)

Paul Triolo / American Affairs Journal: A look at the evolution of China's semiconductor industry and Huawei under US export controls, as GPUs become the new focal point of US-China tech competition  —  Since I last wrote about China's responses to U.S. export controls in these pages, in February 2024, much has changed …

Published: 2024-11-27 07:45:00

Roblox is offering 25% more Robux for users buying on the web and via gift cards than those making an IAP via Apple's App Store or Google's Play Store (Ivan Mehta/TechCrunch)

Ivan Mehta / TechCrunch: Roblox is offering 25% more Robux for users buying on the web and via gift cards than those making an IAP via Apple's App Store or Google's Play Store  —  As scrutiny around Apple and Google's app store fees ramps up around the world, Roblox is now offering users who buy its game currency …

Published: 2024-11-27 07:35:01

Huawei's HarmonyOS NEXT in the Mate 70, 70 Pro, 70 Pro+, and X6 is its first fully self-developed OS that reportedly no longer uses open-source Android code (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC: Huawei's HarmonyOS NEXT in the Mate 70, 70 Pro, 70 Pro+, and X6 is its first fully self-developed OS that reportedly no longer uses open-source Android code  —  Huawei on Tuesday launched the Mate 70 series of smartphones that can run on the company's latest self-developed operating system …

Published: 2024-11-27 07:00:38

Sources: Elon Musk has given investors, who backed his $44B Twitter acquisition, 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation (Financial Times)

Financial Times: Sources: Elon Musk has given investors, who backed his $44B Twitter acquisition, 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation  —  Investors hit by losses following billionaire's takeover of social media platform reap rewards from shares in his AI start-up

Published: 2024-11-27 06:45:00

Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank, in a deal spurred by Masayoshi Son (CNBC)

CNBC: Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank, in a deal spurred by Masayoshi Son  —  OpenAI is allowing employees to sell roughly $1.5 billion worth of shares in a new tender offer to SoftBank, CNBC has learned.

Published: 2024-11-27 05:30:02

Bluesky says it is up to outside organizations to respect user consent, after a Hugging Face employee posted a dataset of 1M posts from its API for ML research (Samantha Cole/404 Media)

Samantha Cole / 404 Media: Bluesky says it is up to outside organizations to respect user consent, after a Hugging Face employee posted a dataset of 1M posts from its API for ML research  —  A machine learning librarian at Hugging Face just released a dataset composed of one million Bluesky posts …

Published: 2024-11-27 05:10:00

An investigation suggests the third suspect behind the hacks of Snowflake clients may be a US Army soldier who is or was recently stationed in South Korea (Brian Krebs/Krebs on Security)

Brian Krebs / Krebs on Security: An investigation suggests the third suspect behind the hacks of Snowflake clients may be a US Army soldier who is or was recently stationed in South Korea  —  Two men have been arrested for allegedly stealing data from and extorting dozens of companies that used the cloud data storage company Snowflake …

Published: 2024-11-27 04:25:01

Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis (Allie Garfinkle/Fortune)

Allie Garfinkle / Fortune: Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis  —  Mo Sarwat, cofounder and CEO of Wherobots.  —  WHEROBOTS  —  As a kid in Cairo, Mo Sarwat first grasped the dangers of not understanding the natural world.

Published: 2024-11-27 04:20:06

TikTok plans to block under-18 users from using beauty filters, and says it is tightening its systems to block under-13 users from the platform (Robert Booth/The Guardian)

Robert Booth / The Guardian: TikTok plans to block under-18 users from using beauty filters, and says it is tightening its systems to block under-13 users from the platform  —  Social media platform under pressure to improve security as it announces plans to block under-13s from signing up

Published: 2024-11-27 04:01:13

OpenAI suspends access to Sora in response to a group of artists leaking access to the tool in protest of the company's treatment of creative professionals (Nitasha Tiku/Washington Post)

Nitasha Tiku / Washington Post: OpenAI suspends access to Sora in response to a group of artists leaking access to the tool in protest of the company's treatment of creative professionals  —  A group of artists created a webpage allowing anyone to make AI videos using Sora.  They argue the maker of ChatGPT used artists as “PR puppets” without pay.

Published: 2024-11-27 03:10:01

Samsung names Young Hyun Jun as its co-CEO as well as head of its memory chip business and appoints Jinman Han as the company president and foundry unit head (Reuters)

Reuters: Samsung names Young Hyun Jun as its co-CEO as well as head of its memory chip business and appoints Jinman Han as the company president and foundry unit head  —  Samsung Electronics (005930.KS) on Wednesday announced new heads of its memory and foundry chip units, as it scrambles to catch up with SK Hynix …

Published: 2024-11-27 03:01:07

Evolv reaches an agreement to resolve an FTC inquiry alleging the company made false claims about its AI-powered security system's ability to screen for weapons (Stephen Nakrosis/Wall Street Journal)

Stephen Nakrosis / Wall Street Journal: Evolv reaches an agreement to resolve an FTC inquiry alleging the company made false claims about its AI-powered security system's ability to screen for weapons  —  The proposed settlement order would ban Evolv from making unsupported claims about its products, and require the security technology company …

Published: 2024-11-27 01:55:00

US appeals court finds the OFAC exceeded its authority in sanctioning Tornado Cash's immutable smart contracts, as they can't be owned and so are not "property" (Felix Ng/Cointelegraph)

Felix Ng / Cointelegraph: US appeals court finds the OFAC exceeded its authority in sanctioning Tornado Cash's immutable smart contracts, as they can't be owned and so are not “property”  —  A US appeals court ruled the Treasury's OFAC “overstepped” when it sanctioned crypto mixer Tornado Cash's smart contracts.

Published: 2024-11-27 00:50:01

Luma Partners: in Q3, M&A volume in ad tech rose 118% YoY and 26% QoQ and has continued to heat up in Q4 with Samba TV-Semasio, Zeta-LiveIntent, and other deals (Axios)

Axios: Luma Partners: in Q3, M&A volume in ad tech rose 118% YoY and 26% QoQ and has continued to heat up in Q4 with Samba TV-Semasio, Zeta-LiveIntent, and other deals  —  - The take-private deal is the latest in a flurry of deal flow in the media sector.  — Brightcove, which hosts …

Published: 2024-11-27 00:01:07

Last news

Study: about 85% of US unicorn startups that have gone public were unprofitable in 2023, despite most having been founded more than fifteen years earlier (Jeffrey Funk/American Affairs Journal)

A look at the evolution of China's semiconductor industry and Huawei under US export controls, as GPUs become the new focal point of US-China tech competition (Paul Triolo/American Affairs Journal)

Roblox is offering 25% more Robux for users buying on the web and via gift cards than those making an IAP via Apple's App Store or Google's Play Store (Ivan Mehta/TechCrunch)

Huawei's HarmonyOS NEXT in the Mate 70, 70 Pro, 70 Pro+, and X6 is its first fully self-developed OS that reportedly no longer uses open-source Android code (Arjun Kharpal/CNBC)

Sources: Elon Musk has given investors, who backed his $44B Twitter acquisition, 25% of the shares in xAI, which is set to close a $5B round at a $50B valuation (Financial Times)

Sources: OpenAI is letting current and former staff sell ~$1.5B worth of restricted stock in a new tender offer to SoftBank, in a deal spurred by Masayoshi Son (CNBC)

Bluesky says it is up to outside organizations to respect user consent, after a Hugging Face employee posted a dataset of 1M posts from its API for ML research (Samantha Cole/404 Media)

An investigation suggests the third suspect behind the hacks of Snowflake clients may be a US Army soldier who is or was recently stationed in South Korea (Brian Krebs/Krebs on Security)

Wherobots, which offers a cloud-based platform to process and analyze geospatial data from satellites and other sources, raised a $21.5M Series A led by Felicis (Allie Garfinkle/Fortune)

TikTok plans to block under-18 users from using beauty filters, and says it is tightening its systems to block under-13 users from the platform (Robert Booth/The Guardian)

OpenAI suspends access to Sora in response to a group of artists leaking access to the tool in protest of the company's treatment of creative professionals (Nitasha Tiku/Washington Post)

Samsung names Young Hyun Jun as its co-CEO as well as head of its memory chip business and appoints Jinman Han as the company president and foundry unit head (Reuters)

Evolv reaches an agreement to resolve an FTC inquiry alleging the company made false claims about its AI-powered security system's ability to screen for weapons (Stephen Nakrosis/Wall Street Journal)

US appeals court finds the OFAC exceeded its authority in sanctioning Tornado Cash's immutable smart contracts, as they can't be owned and so are not "property" (Felix Ng/Cointelegraph)

Luma Partners: in Q3, M&A volume in ad tech rose 118% YoY and 26% QoQ and has continued to heat up in Q4 with Samba TV-Semasio, Zeta-LiveIntent, and other deals (Axios)

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