Intel says CEO Pat Gelsinger retired and left its board on December 1, and names CFO David Zinsner and Client Computing Group GM Michelle Holthaus as co-CEOs
Intel has announced that CEO Pat Gelsinger has retired, effective December 1, and stepped down from the company's board of directors.
Sources: Intel CEO Pat Gelsinger was given the option to retire or be removed after the board lost confidence in his plans to turn around Intel
- Gelsinger was given the option to retire or be removed — Company's CFO and product CEO to serve as interim leaders
OpenWrt releases the $89+ OpenWrt One router, a “hacker-friendly device” with open-source firmware, two Ethernet ports, three USB ports, and dual-band Wi-Fi 6
This ‘Unbrickable’ router should never fail you. … The group worked together to draft the specifications for this router …
The US adds new HBM chip transfer restrictions for China, the fourth attempt in three years to curb China, and adds 140 Chinese companies to its trade blacklist
Export of memory chips used in AI applications is restricted, but delayed announcement gives Chinese companies chance to stock up
AWS launches Data Transfer Terminal to let customers upload their data to AWS Cloud by plugging in their storage devices at a set of physical locations
At its re:Invent 2024 conference in Las Vegas, Amazon on Sunday announced a somewhat unusual new service for Amazon Web Services (AWS) …
OpenAI CFO Sarah Friar says OpenAI is weighing an ads model, but plans to be “thoughtful”; sources and LinkedIn analysis: OpenAI hired Meta and Google ad talent
ChatGPT maker hires advertising talent from big tech rivals — OpenAI is discussing plans to introduce advertising …
CoinGecko: Ripple-linked XRP's market cap passes $137B to become the third-largest cryptocurrency, up from less than $30B on November 5 when Donald Trump won
- The cryptocurrency gained as much as 15% Monday to hit $2.50 — Since the US election it has added over $100 billion in value
AWS announces Security Incident Response, a service to help clients prepare for, respond to, and recover from cybersecurity events, including ransomware attacks
Companies often struggle with how to respond to cybersecurity incidents. According to one recent poll, only three …
AWS adds new generative AI features to Amazon Connect, which helps companies run their contact centers, including letting Lex-powered assistants use Amazon Q
Maria Deutscher / SiliconANGLE :
The UN's ITU and the International Cable Protection Committee announce a 40-member global advisory body to support the resilience of submarine telecom cables
On the same day that a submarine cable suspected of having been cut by a Chinese ship was repaired, two major telco bodies convened …
Analysis: US spot bitcoin and ether ETFs logged record monthly net inflows in November, $6.5B and $1.1B, respectively, buoyed by Trump's vow for low regulation
AWS CEO Matt Garman kicks off his first re:Invent event by discussing upcoming “real, needle-moving” announcements, no end for the AI race, Anthropic, and more
As the cloud-computing leader kicks off its re:Invent conference, Chief Executive Matt Garman says there is no end in sight to the artificial intelligence race
Analysis: US spot bitcoin ETFs now hold 1M+ bitcoin, or ~5% of the current total and about as many bitcoin that have been frozen in Satoshi Nakamoto's wallet
Bloomberg :
Toronto-based AI chip designer Tenstorrent raised a $700M Series D from Jeff Bezos, Samsung, and more at a ~$2.6B valuation and claims nearly $150M in contracts
- Jim Keller's Tenstorrent designs chips and systems for AI jobs — Samsung and LG also among investors in Series D round
Amsterdam-based Nebius, which rebranded itself from Russian internet giant Yandex and offers cloud services for AI, raised $700M from Nvidia, Accel, and others
Nebius Group NV, the technology company rebranded from Russian internet giant Yandex, has raised $700 million from a slate …
Inside Helsinki's Slush 2024, a startup event described as a mix of TED Talks, Eurovision, and Shark Tank, attended by ~13K people, with LPs up 46% YoY to 350+
From helping customers on the ground at Info Points to printing out badges …
Super Micro says an external review by a special committee of its board and external counsel found no evidence of wrongdoing, and plans to appoint a new CFO
Bloomberg :
Sources: some tech executives, including Sam Altman, worry that Elon Musk's new proximity to Donald Trump could supersize rivalries in ways that favor Musk
and his rivals are feeling the heat. https://www.wsj.com/... Brij Singh / @brij : “he draws energy from the idea of having enemies” exactly the kind of society we need on Mars
VC firm Plural's co-founder says Europe, which has yet to create a $1T company, must start supporting experienced founders and start giving “audacious capital”
Can Europe build its first trillion-dollar start-up? Mastodon: Chester Wisniewski / @chetwisniewski@securitycafe.ca : @Techmeme Or, I know this is me being a radical, perhaps we just don't need to eve...
Bengaluru-based Swiggy expands 10-minute food delivery service Bolt to 400+ Indian cities and towns, and says it has partnered with 40K+ restaurants, like KFC
Manish Singh / TechCrunch :
Social media videos showing layoffs are now commonplace, especially by younger workers, forcing companies to face the spotlight; TikTok's #layoff has 32K+ posts
Cristina Criddle / Financial Times :
New York-based Upwind, which sells tools to secure cloud infrastructure, raised a $100M Series A led by Craft Ventures at a $900M post-money valuation
Ingrid Lunden / TechCrunch :
South Korean AI chip maker Rebellions completes its merger with Sapeon Korea, SK Telecom's AI chip subsidiary; Rebellions values the merged entity at ~$929M
Jie Ye-eun / The Korea Herald :
Sources: BYD's contract-manufacturing business, which has 10K+ engineers and ~100K employees dedicated to Apple's supply chain, now assembles 30%+ of all iPads
Apple and other big tech hardware companies are increasingly taking the role of “integrator”. — We've seen where this evolution goes in aerospace (ie Boeing), doesn't necessarily bode well for conti...
London-based 9fin, a data provider for debt markets, raised a $50M Series B led by Highland Europe, sources say at a ~$500M valuation on current ARR of ~$25M
Financial Times :
An interview with Raspberry Pi CEO Eben Upton on the company's London listing, establishing a sales department, single-board device assembly in Wales, and more
Jonathan Moules / Financial Times : X: @__neha and @sairee X: Neha / @__neha : TIL Raspberry Pi is a publicly traded company which spun out an education focussed charity. Interesting origin story htt...
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