| 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| 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 … | The Economic Times: |
Centricity, a digital wealth management service for financial advisers and asset managers, raised a $20M seed led by Lightspeed India at a $125M valuation — Returning investors Burman Family Office and Shantanu Agarwal, among others, participated. The startup, now valued at $125 million …
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