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Techmeme
September 12, 2024, 2:35 AM
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Gian Volpicelli / Bloomberg:
A 397-page EC report, released shortly before CJEU's verdicts against Apple and Google, says the EU's competition enforcement can be “harmful to innovation”  —  Europe's leaders may need to drop their tried-and-true methods if they are to catch up to the rest of the world in tech.
Bloomberg:
Sources: OpenAI is in talks to raise $6.5B in equity financing at a $150B valuation and raise $5B in debt from banks in the form of a revolving credit facility  —  - Company set to raise $6.5 billion in equity financing  — Banks also in talks to issue startup $5 billion in debt
Aisha Malik / TechCrunch:
Google adds Audio Overview to NotebookLM, letting users turn documents into audio discussions with two AI hosts that summarize and explain the source material  —  Google announced on Wednesday that its AI note-taking and research app, NotebookLM, is adding a new “audio conversations” feature.
Maxwell Zeff / TechCrunch:
Adobe says generative AI features powered by its Firefly Video model will be available before the end of 2024 on the Premiere Pro beta app and on a free website  —  Users will get their first chance to try out Adobe's AI model for video generation in just a couple months.
Sarah Emerson / Forbes:
Sources: Adam Neumann's Flowcarbon, which raised $70M in 2022 from a16z and others, is refunding investors after failing to launch its Goddess Nature Token  —  Flowcarbon secured millions of dollars in funding from investors like Andreessen Horowitz to merge carbon credits with the blockchain …
Sarah Perez / TechCrunch:
Bluesky rolls out the ability to post videos of up to 60 seconds with optional attached subtitles; each post can contain one video, and adult content is allowed  —  Bluesky, the social networking startup now nearing 10 million users thanks to X's ban in Brazil, will now allow users to share videos …
Ben Schoon / 9to5Google:
Google partners with The Internet Archive to link to the Wayback Machine in Search, letting users view archived versions of webpages under “About this page”  —  Rolling out starting today, Google Search results will now directly link to The Internet Archive to add historical context for the links in your results.
Bloomberg:
AST SpaceMobile's stock is up ~1,300% since a record low in April 2024 and following deals with AT&T and Verizon in May to provide wireless service from space  —  - AST SpaceMobile shares lead Russell 2000 over past six months  — Squeeze is possible with over 20% of AST shares are sold short
More: Motley Fool
Kevin Breuninger / CNBC:
Shares of Truth Social owner Trump Media closed down over 10% after Trump's debate with Harris, ending at their lowest level since they began publicly trading  —  The share price of Trump Media plunged more than 10% on Wednesday, a day after majority shareholder Donald Trump gave …
Lily Hay Newman / Wired:
A look at Apple's Private Cloud Compute for Apple Intelligence, which Craig Federighi says allows personal data to be “sealed inside of a privacy bubble”  —  Private Cloud Compute is an entirely new kind of infrastructure that, Apple's Craig Federighi tells WIRED …
Dan Goodin / Ars Technica:
Researchers detail gaining the ability to generate counterfeit HTTPS certificates and more after acquiring an expired WHOIS server domain for the .mobi TLD  —  .mobi top-level-domain managers changed the location of its WHOIS server.  No one got the memo.  —  It's not every day that a …

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From Mediagazer

Winston Cho / The Hollywood Reporter:
Letter: Tennessee Deputy Governor Stuart McWhorter urged David Ellison to move Paramount's corporate headquarters from California to Tennessee

Reuters:
Sources: Lionsgate has attracted takeover interest from France's Bolloré Group, owner of Canal+, and Banijay, which just completed an $8B merger with All3Media

Naman Ramachandran / Variety:
BBC DG Matt Brittin says the BBC and UK public service broadcasting face “real jeopardy” as license fee erosion drives BBC's third consecutive annual deficit

More News

Todd Feathers / Gizmodo:
Nevada is working with Google to launch a generative AI tool that will issue recommendations to human referees on whether unemployed workers should get benefits

Earlier Picks

Lauren Feiner / The Verge:
On Day 2 of the US DOJ's antitrust trial focused on ads, a former News Corp executive testifying as a government witness said Google held publishers “hostage”
Kyle Wiggers / TechCrunch:
Mistral releases its first multimodal model, Pixtral 12B, available on GitHub and Hugging Face, and via API-serving platforms Le Chat and Le Platforme “soon”
Brianna Sacks / Washington Post:
An analysis finds 40+ examples of Facebook removing emergency-related posts during 20+ US wildfires since June 2024; Meta says it is “investigating this issue”
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