Techmeme
September 12, 2024, 1:40 AM

Top News

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
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.
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.
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 …
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 …
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.
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 …
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  —  The state is working with Google on a first-of-its-kind generative AI system that will analyze transcripts from appeals hearings …

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Earlier Picks

Lauren Feiner / The Verge:
Kyle Wiggers / TechCrunch:
Brianna Sacks / Washington Post: