💰 Nvidia Eyes OpenAI, Musk Clears Dogecoin, Intel Rethinks Strategy
Good morning. It’s Friday, August 30. Today we are covering:
Nvidia Has Held Discussions About Joining OpenAI's Funding Round
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Intel Explores Strategic Options to Turn Around Business
Meta is going to let preteens use Horizon Worlds
End of the Road: An AnandTech Farewell
Let’s dive in
Nvidia Has Held Discussions About Joining OpenAI's Funding Round
By Mark Gurman via Bloomberg
Nvidia, Apple, and Microsoft are in talks to participate in OpenAI's latest funding round.
The financing would value OpenAI at over $100 billion.
This interest from top tech companies underscores OpenAI's crucial role in the industry.
𝕏: Nvidia, Apple and Microsoft — the three most valuable tech companies — are in talks to invest in OpenAI as part of the company’s new $100 billion funding round. - Mark Gurman (@markgurman)
Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
By Jonathan Stempel via Reuters
Elon Musk and Tesla won the dismissal of a federal lawsuit accusing them of defrauding investors by manipulating dogecoin prices.
Investors claimed Musk used Twitter posts and appearances, including on Saturday Night Live, to drive up dogecoin's price before letting it crash, leading to significant losses.
U.S. District Judge Alvin Hellerstein dismissed the case, with Musk's lawyers arguing there was no proof of wrongdoing or that Musk or Tesla controlled the wallets in question.
𝕏: The documents the judge submitted today dismissing Elon Musk’s insider trading case related to Dogecoin, which originally sought $258 billion in damages, are absolutely hilarious - Sir Doge of the Coin (@dogeofficialceo)
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Intel Explores Strategic Options to Turn Around Business
By Juro Osawa via The Information
Intel is exploring strategic options to turn around its struggling business, including a potential split of its product design and manufacturing operations.
The company reported a net loss of $1.6 billion for the second quarter and is consulting with Morgan Stanley and Goldman Sachs for guidance.
These discussions underscore the significant challenges Intel faces in reviving its position in the competitive semiconductor market.
Meta is going to let preteens use Horizon Worlds
By Jay Peters via The Verge
Meta is allowing preteens aged 10-12 to access Horizon Worlds, its 3D social platform, with significant parental controls in place.
Parents can manage and approve their children's access to experiences, which will have age ratings like 10 and up, 13 and up, and 18 and up.
Additional protections include disabled voice chat by default, offline status for preteens, and enforced personal boundary settings to enhance safety in virtual space.
End of the Road: An AnandTech Farewell
By Ryan Smith via AnandTech
AnandTech is ending its publication after 27 years of covering the computing hardware industry, with its final article reflecting on its journey from the first AMD processor review to its last.
The site will remain accessible, with all its articles and forums continuing under Future PLC, allowing readers to reference and discuss the wealth of content created over nearly three decades.
Ryan Smith, the editor-in-chief, expressed deep gratitude to the readers, editors, and industry partners who supported AnandTech throughout its impactful history in tech journalism.
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