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August 20, 2024, 2:25 PM
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| Wall Street Journal: |
PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-2009 — Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets
More: Fortune, The Daily Beast, New Republic, Newser, Pharyngula, and Werd I/O
Mastodon: @[email protected]. X: @thatjakepc, @internethippo, @dancow, @panasonicdx4500, @rhaplord, @tom_peters, @obrien, @jsrailton, @carlquintanilla, @jsrailton, and @carnage4life. LinkedIn: Emil Protalinski
Forums: r/LeopardsAteMyFace and r/EnoughMuskSpam
| Erin Woo / The Information: |
Letter to investors: Bolt is finalizing a $450M Series F at a $14B valuation but with harsh terms for existing investors; Ryan Breslow plans to return as CEO — As startup founder comebacks go, this may rank as one of the most remarkable. — Bolt founder Ryan Breslow is returning as CEO … | OpenAI: |
OpenAI launches fine-tuning for GPT-4o, which lets developers customize a version of the model with their own datasets to improve domain-specific performance — Fine-tune custom versions of GPT-4o to increase performance and accuracy for your applications — Today, we're launching fine-tuning … | Kirsten Korosec / TechCrunch: |
Waymo co-CEO Tekedra Mawakana says Waymo is now giving 100K+ paid robotaxi rides every week in LA, San Francisco, and Phoenix, a few months after passing 50K+ — Waymo disclosed Tuesday it's now giving more than 100,000 paid robotaxi rides every week across its three main commercial markets in Los Angeles, San Francisco, and Phoenix.
More: Fortune, Forbes, CNBC, Reuters, Silicon Republic, Benzinga, and The Verge
X: @techtekedra, @lexnfx, @binarybits, @saswat101, @alexroy144, and @brianwilt
Forums: r/waymo and r/SelfDrivingCars
| CNBC: |
More: Waymo, NBC News, TechCrunch, Forbes, CNET, SiliconANGLE, Engadget, PCMag, and Tech Startups
| Zack Whittaker / TechCrunch: |
Flight tracking site FlightAware, which claims 10M+ monthly users, reports a breach dating back to January 2021 that exposed names, SSNs, addresses, and more — Flight tracking site FlightAware has blamed a “configuration error” for exposing a raft of personal information of its customers …
More: The Register, CNET, TechRadar, SC Media, How-To Geek, Constella Intelligence, and BleepingComputer
Mastodon: @[email protected]. Bluesky: @amyhoy.bsky.social, @nameshiv.bsky.social, and @tylerking.bsky.social
| Tom Warren / The Verge: |
Microsoft launches a single unified Teams app that allows switching between work, personal, and education accounts on Windows and Mac — Microsoft is finally launching a single unified Microsoft Teams app that will allow you to switch between personal and work accounts.| Sankalp Phartiyal / Bloomberg: |
Sources: Apple plans to make the most expensive iPhone models in India for the first time, as Foxconn rushes to produce iPhone 16 Pro and 16 Pro Max in India — - Plan shows Apple making further progress with India assembly — Company is shifting output to India to diversify beyond China
More: GSMArena.com, Apple Must, 9to5Mac, Inc42 Media, The Tech Basic, iMore, TechRadar, MacRumors, The Economic Times, Cult of Mac, Livemint, PhoneArena, Mashable, Gizchina.com, The Week, NewsBytes, Business Standard, iClarified, Hindustan Times, AppleInsider, and The Hindu
Forums: r/apple and MacRumors Forums
| Bloomberg: |
Chinese-made, Tencent-backed game Black Myth: Wukong became Steam's second most popular title ever within hours of its launch, gaining 2.1M+ concurrent players — - The made-in-China blockbuster surpasses Cyberpunk play record — Monkey King epic on track to set records for concurrent gamers
More: SteamDB, NVIDIA, Game World Observer, Tom's Hardware, Game Developer, IGN, HotHardware, Digital Trends, PC Gamer, IGN, TechNode, GameSpot, Screen Rant, Game Rant, Polygon, Gameranx, Neowin, Eurogamer.net, Destructoid, KitGuru, New York Times, Reuters, Fortune, Video Games Chronicle, Press Start, GamesIndustry.biz, PC Games Insider, GamingBolt, and DSOGaming
X: @simoncarless, @grummz, @mightykeef, @plasmidsouls, @tomwarren, @byjoshye, @blackmythgame, @tomwarren, @mangalawyer, @proddirhenry, @germanstrands, @mangalawyer, and @dino_ying. Forums: r/KotakuInAction
| Daniel Tencer / Music Business Worldwide: |
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit — The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation … | Connor Jones / The Register: |
Cisco Talos says eight vulnerabilities in Microsoft's macOS apps could be abused by attackers to record video and sound from a device, log user input, and more — Windows giant tells Cisco Talos it isn't fixing them — Cisco Talos says eight vulnerabilities in Microsoft's macOS apps …
More: Cisco Talos Blog, 9to5Mac, Dark Reading, PCMag, Dexerto, Computing, Petri IT Knowledgebase, AppleInsider, Hindustan Times, Hackread, SecurityWeek, Cybernews.com, Neowin, Help Net Security, TechRadar, iPhone in Canada Blog, SC Media, The Stack, The Record, ITPro, BGR, ComputerWeekly.com, Cyber Security News, and Infosecurity
| Blake Brittain / Reuters: |
Writers and journalists Andrea Bartz, Charles Graeber, and Kirk Johnson sue Anthropic for misusing “hundreds of thousands of copyrighted books” to train Claude — Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court … | Kate Knibbs / Wired: |
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired — The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.| Anna Gross / Financial Times: |
Ofcom says it has 460+ people working on enforcing the Online Safety Act and plans to grow that by 20% to 550+ by March 2025, or 33% of its 1,500 total staff — Online safety rules in the spotlight after violent unrest sparked by spread of misleading news on social media| Kamil Kowalcze / Bloomberg: |
TSMC breaks ground on its €10B chip fab in Dresden, Germany, its first European plant and set to create 11K European jobs; the EU approves Germany's €5B subsidy — - Taiwanese firm begins work on its first European chip plant — German subsidies will cover about half of the fab's costs
More: Nikkei Asia, Fortune, Euractiv, Silicon Republic, Benzinga, ExtremeTech, Reuters, eeNews Europe, Politico, TNW, Eunews, Sammy Fans, Daily Sabah, Fargo | KFGO, and TechNode
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