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Techmeme
May 28, 2024, 10:00 AM
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Top News

xAI:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Axios:
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
Cade Metz / New York Times:
OpenAI creates a Safety and Security Committee to explore AI risks and begins training its new flagship AI model, a process that could take nine months or more  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.'s risks.
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the attack that hit Christie's, and threatens to release sensitive information about the auction house's clients  —  The hacking group RansomHub is threatening to release “sensitive personal information” about the auction house's clients.
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, says new Chromebook Plus users get a free year of Google One AI Premium, and updates old Chromebooks  —  Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  - Official data for April showed Chinese mobile demand returning  — The iPhone's bad start to the year prompted retail price cuts
CNBC:
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator's spectrum, and its customers, in a $4.4B deal, including $2B debt  —  T-Mobile announced Tuesday that it plans to acquire most of U.S. Cellular, including stores, some of the wireless operator's spectrum …
Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to grow “mental antibodies” to disinformation, ahead of US elections  —  Election officials around the world are adopting “prebunking” campaigns, as AI and other threats jeopardize voting.
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more  —  Devin Oktar Yalkin for The New York Times  —  If you're anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
Stephanie Stacey / Financial Times:
Dating apps try to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid users fell under 10M in Q1 2024  —  Gen Z is a priority for Tinder and Bumble but threats and unsolicited material from potential suitors often turn users off

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, May 28, 2024.

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From Mediagazer

John Kelly / @johnkelly:
The Washington Post's February 10 print edition featured two full pages of AP stories in the A section and a total of eight stories from the wire service

Lillian Rizzo / CNBC:
Paramount sweetens its WBD bid with a “ticking fee” worth ~$650M/quarter if the deal isn't closed by year-end and offers to fund WBD's $2.8B Netflix breakup fee

Amanda Meade / The Guardian:
Lenore Taylor, editor of Guardian Australia, is leaving the outlet after 13 years in senior roles and 10 years as editor; David Munk will serve as acting editor

More News

John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024
Rita Liao / TechCrunch:
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned
More: Tech in Asia.  Mastodon: @BrideOfLinux@mastodon ….  X: @emollick.  LinkedIn: Abhishek Sharma and Randy Wilkins.  Forums: r/technology

Earlier Picks

Reuters:
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
Wall Street Journal:
An analysis of responses by ChatGPT, Claude, Copilot, Gemini, and Perplexity to some real-life questions and everyday tasks; Perplexity ranked first overall
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements
Mark Gurman / Bloomberg:
A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, sealing a chatbot partnership deal with OpenAI, and more
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