Ramish Zafar / Wccftech:
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023’s end — According to a spokesperson, chip designer Advanced Micro Devices, Inc., is laying off a portion of its global workforce.
Zero Gravity Labs, which is building a decentralized AI operating system, raised a $40M seed round and says it secured a $250M “token purchase commitment” (Jamie Crawley/CoinDesk)
Jamie Crawley / CoinDesk:
Zero Gravity Labs, which is building a decentralized AI operating system, raised a $40M seed round and says it secured a $250M “token purchase commitment” — The seed round included contributions from Hack VC, Delphi Digital, OKX Ventures, Polygon and Animoca Brands
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023’s end (Kif Leswing/CNBC)
Kif Leswing / CNBC:
AMD says it will lay off ~4% of its global staff to align “resources with our largest growth opportunities”; SEC filing: AMD had 26,000 employees at 2023’s end — AMD said on Wednesday that it will lay off 4% of its global staff, as the longtime CPU maker seeks to gain …
Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Docs and sources: Amazon has discontinued a secretive effort to develop an at-home fertility tracker, which was part of its moonshot incubator Grand Challenge — Amazon has discontinued a secretive effort to develop an at-home fertility tracker, according to internal documents and people familiar with the matter.
CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation (Krystal Hu/Reuters)
Krystal Hu / Reuters:
CoreWeave closed a $650M secondary share sale led by Jane Street, Magnetar, Fidelity Management, and Macquarie Capital, a source says at a $23B valuation — AI cloud startup CoreWeave said on Wednesday it has closed a $650 million minority investment led by Jane Street, Magnetar …
Sources: Meta plans to launch ads on Threads in early 2025; Meta’s public statements imply any ad rollout for Threads next year will be slow (The Information)
The Information:
Sources: Meta plans to launch ads on Threads in early 2025; Meta’s public statements imply any ad rollout for Threads next year will be slow — Meta Platforms plans to introduce advertisements to its text app, Threads, early next year, hoping to cash in on the app’s rapid growth …
South Korea arrests 215 people on suspicion of stealing $228M in crypto, the country’s biggest crypto investment scam with 28 types of tokens sold to 15K people (Cynthia Kim/Reuters)
Cynthia Kim / Reuters:
South Korea arrests 215 people on suspicion of stealing $228M in crypto, the country’s biggest crypto investment scam with 28 types of tokens sold to 15K people — South Korean police have arrested 215 people on suspicion of stealing 320 billion won ($228.4 million) in the biggest cryptocurrency investment scam in the country.
Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Greece, Belgium, and other EU countries (Emma Roth/The Verge)
Emma Roth / The Verge:
Google says it will test removing news articles from EU-based publishers from Search for 1% of users in France, Poland, Greece, Belgium, and other EU countries — As Google continues to navigate its relationship with publishers, regulators, and news readers, the company is starting a pretty drastic test …
A group of 13 former TSMC staff sue the company in California over an alleged “discriminatory scheme” that favors Taiwanese foreign workers at its US plants (Sarah Emerson/Forbes)
Sarah Emerson / Forbes:
A group of 13 former TSMC staff sue the company in California over an alleged “discriminatory scheme” that favors Taiwanese foreign workers at its US plants — Taiwan Semiconductor Manufacturing Company has been accused by a group of its U.S. employees of concocting a …
Sources: execs at xAI rivals were alarmed by how fast Elon Musk set up the 100K GPU cluster Colossus; a source says Sam Altman argued with Microsoft over it (Anissa Gardizy/The Information)
Anissa Gardizy / The Information:
Sources: execs at xAI rivals were alarmed by how fast Elon Musk set up the 100K GPU cluster Colossus; a source says Sam Altman argued with Microsoft over it — On a sunny day last month, a propeller plane made multiple passes in the air over a large industrial building surrounded …
