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 …
A US judge rules that Meta must face trial in a US FTC lawsuit seeking its break up over claims that it bought Instagram and WhatsApp to crush competitors (Jody Godoy/Reuters)
Jody Godoy / Reuters:
A US judge rules that Meta must face trial in a US FTC lawsuit seeking its break up over claims that it bought Instagram and WhatsApp to crush competitors — Facebook owner Meta Platforms (META.O) must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims …
In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more (Jackie Davalos/Bloomberg)
Jackie Davalos / Bloomberg:
In a policy blueprint, OpenAI says the US and its neighbors should form a “North American Compact for AI” to compete with China in talent, financing, and more — – The startup called for a ‘North American Compact on AI’ — OpenAI said US must backstop, streamline AI infrastructure
Sources detail Elon Musk’s role in Trump’s transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more (Theodore Schleifer/New York Times)
Theodore Schleifer / New York Times:
Sources detail Elon Musk’s role in Trump’s transition: Mar-a-Lago meetings, calls with world leaders, voicing support for Brendan Carr at the FCC, and more — He’s on the patio. He’s on the golf course. Everywhere Donald Trump looks, there is the world’s richest man.
Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein (Annie Palmer/CNBC)
Annie Palmer / CNBC:
Amazon launches Amazon Haul, a storefront on its app that promises “crazy low prices” on a range of items, to compete with Temu and Shein — Amazon has rolled out a new storefront featuring apparel, home goods, electronics and other items priced below $20, to fend off growing competition …
An interview with Microsoft Gaming CEO Phil Spencer, who says he won’t rule out any Xbox exclusive coming to PlayStation, discusses potential M&A, and more (Dina Bass/Bloomberg)
Dina Bass / Bloomberg:
An interview with Microsoft Gaming CEO Phil Spencer, who says he won’t rule out any Xbox exclusive coming to PlayStation, discusses potential M&A, and more — Phil Spencer is planning how to enter and partner in the handheld device and mobile-store markets