Sources: Intel, the biggest recipient of CHIPS Act money, could get less than $8B, after its Ohio plant delays; the US announced $8.5B for Intel earlier in 2024 (New York Times)

The EU says Bluesky breaches its rules for not disclosing key details about itself, and has asked 27 governments to see "if they can find any trace of Bluesky" (Financial Times)

Financial Times: The EU says Bluesky breaches its rules for not disclosing key details about itself, and has asked 27 governments to see “if they can find any trace of Bluesky”  —  Social media platform that has grown in exodus from Elon Musk's X is accused of not declaring user numbers

Published: 2024-11-25 14:50:01

Klarna reports ~$1.85B in Q1 to Q3 2024 revenue, up 23% YoY, pretax loss down 99% YoY to ~$180K, and Q3 net income up 57% YoY to ~$19.7M, as its US IPO nears (Aisha S Gani/Bloomberg)

Aisha S Gani / Bloomberg: Klarna reports ~$1.85B in Q1 to Q3 2024 revenue, up 23% YoY, pretax loss down 99% YoY to ~$180K, and Q3 net income up 57% YoY to ~$19.7M, as its US IPO nears  —  - Buy now, pay later firm's revenue up 23% in nine-month period  — Klarna has filed for an initial public offering in the US

Published: 2024-11-25 14:05:01

PlayAI, which uses AI to clone voices for $49 or $99 per month and recently rolled out AI agents, raised a $20M seed co-led by 500 Startups and Kindred Ventures (Kyle Wiggers/TechCrunch)

Kyle Wiggers / TechCrunch: PlayAI, which uses AI to clone voices for $49 or $99 per month and recently rolled out AI agents, raised a $20M seed co-led by 500 Startups and Kindred Ventures  —  Back in 2016, Hammad Syed and Mahmoud Felfel, an ex-WhatsApp engineer, thought it'd be neat to build a text-to-speech Chrome extension for Medium articles.

Published: 2024-11-25 13:50:01

Italian PE firm Bending Spoons plans to take cloud video platform Brightcove private in a $233M deal; Brightcove, founded in 2004, makes monetization tools (Paul Sawers/TechCrunch)

Paul Sawers / TechCrunch: Italian PE firm Bending Spoons plans to take cloud video platform Brightcove private in a $233M deal; Brightcove, founded in 2004, makes monetization tools  —  Brightcove, a cloud platform that helps businesses manage and monetize video content, is being taken private by Italian technology …

Published: 2024-11-25 13:40:03

MicroStrategy bought 55,500 bitcoin for ~$5.4B cash at an average price of $97,862 between November 18 and November 24, taking its holdings to ~386,700 bitcoin (James Hunt/The Block)

James Hunt / The Block: MicroStrategy bought 55,500 bitcoin for ~$5.4B cash at an average price of $97,862 between November 18 and November 24, taking its holdings to ~386,700 bitcoin  —  - MicroStrategy has purchased another 55,580 BTC for approximately $5.4 billion at an average price of $97,862 per bitcoin.

Published: 2024-11-25 13:35:03

The EU says Corning offered commitments in a bid to settle an antitrust probe over alleged exclusive Gorilla Glass deals, including waiving exclusive clauses (Peter Chapman/Bloomberg)

Peter Chapman / Bloomberg: The EU says Corning offered commitments in a bid to settle an antitrust probe over alleged exclusive Gorilla Glass deals, including waiving exclusive clauses  —  - EU feared deals for smartphone glass were anti-competitive  — US firm could avoid hefty fines if remedies are accepted

Published: 2024-11-25 12:50:15

Insurance broker Howden: cyberattacks have cost UK businesses ~£44B in the past five years and 52% of private sector companies have reported at least one attack (Carolyn Cohn/Reuters)

Carolyn Cohn / Reuters: Insurance broker Howden: cyberattacks have cost UK businesses ~£44B in the past five years and 52% of private sector companies have reported at least one attack  —  Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years …

Published: 2024-11-25 11:45:02

Airbnb plans to let tenants in nearly 1,500 flats owned by Greystar in London to sublet homes on a part-time basis, expanding on a 2022 Greystar partnership (Eri Sugiura/Financial Times)

Eri Sugiura / Financial Times: Airbnb plans to let tenants in nearly 1,500 flats owned by Greystar in London to sublet homes on a part-time basis, expanding on a 2022 Greystar partnership  —  Concept aims to counter criticism that the platform contributes to housing crises in big tourist destinations

Published: 2024-11-25 11:20:02

US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019 (Sarah Kessler/New York Times)

Sarah Kessler / New York Times: US coding boot camp graduates are facing a tough job market due to AI coding tools and mass layoffs; CompTIA: developer job listings are down 56% since 2019  —  Coding boot camps once looked like the golden ticket to an economically secure future.  But as that promise fades, what should you do?

Published: 2024-11-25 10:55:01

Sources: Sony is in the early stages of developing a portable console for PS5 games, building on the PlayStation Portal, although its debut is likely years away (Bloomberg)

Bloomberg: Sources: Sony is in the early stages of developing a portable console for PS5 games, building on the PlayStation Portal, although its debut is likely years away  —  - Nintendo's Switch has dominated mobile console space for years  — Rival Microsoft is also developing portable gaming prototypes

Published: 2024-11-25 10:35:00

A skeptical look at the new AI scaling "laws", including post-train duration and "inference time compute", and why they may fail to predict AI model performance (Gary Marcus/Marcus on AI)

Gary Marcus / Marcus on AI: A skeptical look at the new AI scaling “laws”, including post-train duration and “inference time compute”, and why they may fail to predict AI model performance  —  Scaling laws ain't what they used to be  —  “If anything we are seeing the emergence of a new scaling law …

Published: 2024-11-25 08:50:03

A look at the rise of super clusters that use ~100K Nvidia GPUs for training giant AI models and the new engineering challenges arising from such clusters (Asa Fitch/Wall Street Journal)

Asa Fitch / Wall Street Journal: A look at the rise of super clusters that use ~100K Nvidia GPUs for training giant AI models and the new engineering challenges arising from such clusters  —  Musk's xAI and Meta are among firms building clusters of advanced chips  —  Tech titans have a new way to measure who is winning …

Published: 2024-11-25 07:05:05

A bitcoin strategic reserve is a resilience strategy for the "hodlers", not the US state, as a bet on bitcoin is bullish on permanent institutional collapse (Brendan Greeley/Financial Times)

Brendan Greeley / Financial Times: A bitcoin strategic reserve is a resilience strategy for the “hodlers”, not the US state, as a bet on bitcoin is bullish on permanent institutional collapse  —  It is a resilience strategy for the ‘hodlers’, not the US state  —  In July, Cynthia Lummis, a US senator from Wyoming …

Published: 2024-11-25 05:10:01