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Techmeme
September 27, 2024, 10:00 PM
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Top News

New York Times:
Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024  —  As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
Deepa Seetharaman / Wall Street Journal:
Current and former staff say OpenAI has rushed product announcements and safety testing, lost its lead over rivals, and Altman is detached from the day-to-day  —  Executives and researchers have left this year amid disputes over the company's values and fights among its leaders
Hayden Field / CNBC:
Source: at an all-hands meeting, Sam Altman said there are no plans for him to get a “giant equity stake” in OpenAI, calling that information “just not true”
Kate Rooney / CNBC:
In an email to OpenAI's investors, CFO Sarah Friar says the company's current funding round was oversubscribed and is set to close next week
Mariella Moon / Engadget:
The Irish Data Protection Commission wraps up an investigation into a 2019 breach, fining Meta €91M for violating GDPR rules by storing passwords in plain text  —  The Irish Data Protection Commission found that the company violated several GDPR rules.
Tom Warren / The Verge:
Microsoft details how it has overhauled its controversial AI-powered Recall feature, including making it opt-in and giving users an option to uninstall  —  In response to security concerns, Microsoft is detailing how it has overhauled its controversial AI-powered Recall feature …
Nikhilesh De / CoinDesk:
Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement  —  Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.
Eric Tucker / Associated Press:
The US DOJ charges three hackers employed by Iran's Revolutionary Guard for allegedly hacking Trump's presidential campaign and disseminating stolen info  —  The Justice Department unsealed criminal charges Friday against three Iranian operatives suspected of hacking Donald Trump's presidential campaign …
Emma Roth / The Verge:
Steam changes its subscriber agreement, removing its forced arbitration policy and allowing gamers to take legal action against its parent company Valve  —  Steam just removed its forced arbitration policy, opening the door for lawsuits against its parent company, Valve.
Bill Toulas / BleepingComputer:
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker's Stash marketplace  —  The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services …
Abner Li / 9to5Google:
Google rolls out Gemini-powered contextual Smart Replies, which analyzes the context of an email and suggests a detailed reply, in Gmail for paid users  —  Following the announcement at I/O 2024, Google is now rolling out Contextual Smart Replies to Gmail for Android and iOS.
Cristiano Lima-Strong / Washington Post:
Meta will also block sharing of Ken Klippenstein's newsletter and other sources with the JD Vance dossier, citing foreign meddling and hacked materials policies  —  The platform blocked a journalist from sharing a purported research document on the candidate, mirroring its past controversy.
Bloomberg:
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses  —  The tech giant intended to spend $1 billion annually on films for cinemas.  After several box office disappointments …
Katharine Gemmell / Bloomberg:
The UK CMA rules that Amazon's $4B Anthropic deal does not qualify for an investigation under merger laws as Anthropic's UK revenue didn't meet threshold limits  —  The Competition and Markets Authority said Friday that the tie-up did not qualify for an investigation under merger laws.
Ian King / Bloomberg:
Source: Arm approached Intel about potentially buying Intel's product group, but not its factory operations; Intel declined, saying the division isn't for sale  —  The World's Call Center Capital Is Gripped by AI Fever — and Fear … Hello World

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 PM ET, September 27, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Wall Street Journal:
Sources: ABC could lose ~$50M in licensing costs to WBD and an estimated $35M in advertising revenue after abruptly pulling the new season of The Bachelorette

Chris Geidner / Law Dork:
A federal judge slows Voice of America return-to-work order and eliminates the March 23 deadline, now ordering 70 people due back each week

Erik Wemple / New York Times:
A district court judge rules in favor of the NYT in its suit challenging rules that limited press access to the Pentagon, citing the First Amendment

More News

Bloomberg:
Sources: China is discouraging local companies from purchasing Nvidia's H20 chips to help expand the country's semiconductor industry and counter US sanctions
Washington Post:
Neo-Nazis are creating AI videos of Hitler making English versions of his speeches and to rebrand him as “misunderstood” via TikTok, X, Instagram, and YouTube

Earlier Picks

Kyle Wiens / iFixit News:
iPhone 16 Pro and Pro Max teardown: great modularity upgrades and better repairability due to a dual-entry design and a metal enclosure for the 16 Pro's battery
Joseph Zeballos-Roig / Semafor:
Kamala Harris is courting crypto investors and pro-crypto Democrats in Congress, as some prominent Democrats temper their initial skepticism of crypto assets
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