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September 29, 2024, 6:05 AM
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| Reuters: |
Sources: OpenAI expects its revenue to grow to $11.6B in 2025; ChatGPT has 10M paying users and could bring in $2.7B in revenue in 2024, up from $700M in 2023 — Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener …
More: DNyuz, CNBC, Marcus on AI, The Economic Times, Benzinga, and Neowin
X: @manan and @cathiedwood
| Matthew Lynley / Supervised: |
A look at OpenAI's sprawling product portfolio as the startup matures into a real business and runs into the challenges of avoiding product creep — Plus: OpenAI's portfolio is getting a little big. — ∙ Paid — This issue was finished on a mobile device so I apologize ahead of time for any typos and formatting errors.| Wall Street Journal: |
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B — Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
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| New York Times: |
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LinkedIn: Amanda Brock, James Teare, and Angela Chapman
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| Ricardo Brito / Reuters: |
Court docs: Brazil's Supreme Court say X still needs to pay $5M+ in pending fines, including a new one, before it will be allowed to resume service in Brazil — Brazil's Supreme Court said on Friday that social platform X still needs to pay just over $5 million in pending fines … | Aswath Damodaran / Financial Times: |
NYU professor Aswath Damodaran on an AI bot that is trained on his equity valuation work that is in the public domain, why AI will empower generalists, and more — Whether the risks to jobs is real or not, it behoves us all to act like it is given how consequential the costs could be
X: @tonytassell and @adsinuk
| Jem Aswad / Variety: |
YouTube blocks songs by Adele, Bob Dylan, Green Day, and others in the US, after its music licensing agreement with performing rights organization SESAC expired — Songs by Adele, Bob Dylan, Green Day, R.E.M., Burna Boy, Rush and many others are currently unplayable on YouTube in the U.S. due …
More: Moneycontrol, Android Police, 9to5Google, The Verge, Neowin, The Wrap, The Hollywood Reporter, Deadline, and NewsBytes
| Alex Perry / Bloomberg: |
Mark Zuckerberg's personal wealth has climbed almost sixfold to $200B+ in less than two years, buoyed by Meta's record-high share price, which is up 60%+ YTD — - Meta CEO's wealth has jumped sixfold in the past two years — Shares of Meta are trading near record high, up 60% this year| Steven Levy / Wired: |
Q&A with Trae Stephens, partner at Founders Fund and Executive Chairman of Anduril, on autonomous AI's role in warfare, building a wearable e-reader, and more — He's deep in the defense-startup world as a Founders Fund partner and Anduril cofounder. His bunker, though, isn't fully prepped for the end times.
X: @elkeschwarz, @knibbs, @samuelclay, and @matthewboedy
| Brian Steinberg / Variety: |
Sources: Amazon Prime Video is in talks with veteran anchor Brian Williams to host a live Election Night special, its first entry into news-related programming — Brian Williams may have found his next TV-news job....except it won't be on traditional TV. — The veteran NBC News …
More: Wall Street Journal, Los Angeles Times, TechCrunch, The Hill, Mediaite, IJR, The Verge, The Hollywood Reporter, The Daily Beast, and TVLine
Threads: @daveleebbg, @mcbride.david.j, @hbraun.jackson, @stevemberkowitz, and @crumbler. Bluesky: @jeremydstanley.com
| Stephanie Stacey / Financial Times: |
Bumble, Muzz, and Match Group are pushing their friend-finding and community-building products to attract young users hit by so-called dating app fatigue — Bumble and Match Group launch friendship and social products to help reverse post-pandemic slowdown
X: @ft, @shahzadyounas_, and @shahzadyounas_
| Toby Sterling / Reuters: |
SEMI: China is projected to invest $100B+ on chipmaking equipment from 2025 to 2027, followed by South Korea at $81B, Taiwan at $75B, and the Americas at $63B — Semiconductor manufacturers will spend a record $400 billion on computer chip-making equipment in 2025-2027 … | Lizzi C. Lee / Rest of World: |
Chinese state media has embraced the success of Black Myth: Wukong, a Chinese AAA game that has sold 20M+ copies globally, hailing it as a soft power export — China is changing its long-critical stance thanks to the smash hit, according to Chinese game developers and industry analysts.Sponsor Posts
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The Nick, Dick and Paul Show:
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Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
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