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Latest Tech Updates
- In preliminary findings, the EU says TikTok breached the DSA by failing to prevent its recommendation algorithm from trapping users in harmful "rabbit holes" (Alexander Martin/The Record)
- Sources: Democrats are eyeing Apple, Meta, and Elon Musk-led companies as early congressional investigation targets, after winning House and Senate majorities (Pranshu Verma/Washington Post)
- Sources: Nvidia is requiring Southeast Asian customers seeking Nvidia Cloud Partner status to enroll in a program that tracks the locations of their AI chips (Mackenzie Hawkins/Bloomberg)
- Elon Musk says Tesla plans to wind down production of the Cybertruck at its Texas Gigafactory in mid-2027 "to make room for increased Cybercab production" (Kana Inagaki/Financial Times)
- Elon Musk appears to signal the end of the road for Cybertruck
- Cleanview: ~40% of planned data center capacity is in states where newly elected governors have pledged to pause or halt construction (Bloomberg)
- Blockaid: Binance hackers stole ~$2.5B, or 40% of the $6.3B haul, in a single Ethereum transaction using wallet permissions that cost just $15 to set up (Sidhartha Shukla/Bloomberg)
- NY-based Kalepa, whose AI platform supports insurance underwriting, pricing, and portfolio management, raised a $75M Series B led by Updata at a $470M valuation (Manya Saini/Reuters)
- Sources: China's top memory maker YMTC plans to source up to 70% of equipment for its fourth chip factory locally, up from just over 50% for its third factory (Reuters)
- Asian tech stocks plunge amid fears US Democrats may delay data centers; Taiwan's Taiex sees a record intraday point drop, Kospi falls 8.7%, and Nikkei 6.7% (Jada Nagumo/Nikkei Asia)
- Potential Sciences, an AI startup building large-scale chemical data sets, secured backing from the UK's Sovereign AI Fund, as part of an eight-figure raise (Joel Khalili/Wired)
- The engine parts that 'fight the laws of the universe'
- Major tech stocks plunge as US midterms add to fears of AI slowdown
- Elon Musk's millions failed to deliver Republican wins in fierce midterms
- French blood storage impacted by freezer hacks as theories swirl about culprits