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Techmeme
October 1, 2024, 4:35 AM
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Top News

CNBC:
AI chip startup Cerebras Systems files for a US IPO, reports a $66.6M net loss on $136.4M in sales in H1 2024, and plans to trade on the Nasdaq as CBRS  —  Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering …
Carl Franzen / VentureBeat:
MIT spinoff Liquid AI debuts its non-transformer AI models LFM 1B, 3B, and 40B MoE, and claims they achieve “state-of-the-art performance at every scale”  —  Liquid AI, a startup co-founded by former researchers from the Massachusetts Institute of Technology (MIT) …
Jay Peters / The Verge:
Reddit moderators must now submit a request to Reddit staff before changing a subreddit's public/private status, making sitewide mod-led protests much harder  —  Reddit is giving its staff a lot more power over the communities on its platform.  Starting today, Reddit moderators will not be able …
Mike Scarcella / Reuters:
Apple asks a US judge to throw out or narrow an App Store anti-steering injunction, saying rulings in two unrelated cases undermine an order that Epic had won  —  Apple (AAPL.O) has asked a U.S. judge to throw out or narrow a decision governing its lucrative App Store, saying …
Simon Willison / Simon Willison's Weblog:
Notes on Google NotebookLM's Audio Overview feature, which generates a podcast with two AI hosts discussing user-provided content and is surprisingly effective  —  Audio Overview is a fun new feature of Google's NotebookLM which is getting a lot of attention right now.
Bloomberg:
Oura says it expects annual sales double to roughly $500M in 2024; sources say it plans to debut a new, thinner fitness ring with better battery life in October  —  - CEO expects ‘healthy’ growth, but has no imminent IPO plans  — New model will have improved battery life and thinner design
Reuters:
Epic files a CA lawsuit accusing Samsung and Google of colluding to deter users from rival app stores via Samsung's Auto Blocker, and plans to speak to the EU  —  “Fortnite” video game maker Epic Games on Monday accused Alphabet's Google (GOOGL.O) and Samsung (005930.KS) …
Kevin Collier / NBC News:
FCC connectivity data in counties affected by Hurricane Helene: as of September 30, 370 of North Carolina's 1,452 cell sites are out because of a lack of power  —  In some counties, fewer than 10% of all cellphone service sites are fully functioning.  —  Some of the victims of Hurricane Helene are cut off from the outside world.
Julie Bort / TechCrunch:
Some criticize YC-backed PearAI for forking another AI code editor covered under the Apache license and changing the license to its own made-up closed license  —  A Y Combinator startup named PearAI launched with an X post thread and YouTube video on Saturday and created immediate controversy.
Jason Koebler / 404 Media:
Udemy uses opt-out windows, the first of which lasted three weeks and just ended, that its creators must use to prevent their videos from being used to train AI  —  Teachers are surprised they have been opted into having their classes scraped for AI training.
The Information:
Source: SoftBank's Vision Fund has agreed to invest $500M in OpenAI's latest funding round, SoftBank's first investment in OpenAI, which is raising $6.5B

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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

Alex Weprin / The Hollywood Reporter:
Filing: Byron Allen sold his 10.7% Starz stake over August and September, netting a bit less than $45M; he acquired it from Steve Mnuchin's Liberty 77 for $25M

Wall Street Journal:
MGM Resorts says talks with People Incorporated are over, after each weighed buying the other; MGM amended its voting deal with People, which owns ~27% of MGM

Mark Stenberg / Adweek:
A source and internal figures: Condé Nast forecasts $130M in Q4 US advertising, $35M+ below its goal; Condé Nast says the figures are “materially inaccurate”

More News

Jody Godoy / Reuters:
A US court awards Amazon a partial dismissal of an FTC lawsuit accusing it of illegal monopolies, in a sealed ruling whose details weren't immediately clear
Umar Shakir / The Verge:
YouTube reaches a deal with SESAC that will bring back songs by Adele, Bob Dylan, Nirvana, and others that were removed over the weekend in the US
Sergiu Gatlan / BleepingComputer:
The FCC announces a $31.5M settlement with T-Mobile over four data breaches, in 2021, 2022, and 2023, that compromised personal info of millions of US customers

Earlier Picks

David Shepardson / Reuters:
US NHTSA: Cruise must pay a $1.5M fine, submit a corrective action plan, and face enhanced oversight after a 2023 crash with a pedestrian was not fully reported
Chance Miller / 9to5Mac:
Verizon says its network is functional again, following a massive outage that affected Verizon customers for hours on September 30 in the US
Suvashree Ghosh / Bloomberg:
Binance founder Changpeng Zhao pledges to keep investing in blockchain, AI, and biotech, in his first comments since his release from US custody on September 27
Thomas Rid / Foreign Affairs:
An FBI affidavit and European media leaks show how Russia's Doppelganger disinformation project operated and give insights into the Kremlin's online tactics
Les Pounder / Tom's Hardware:
Raspberry Pi AI Camera review: the new $70 kit has a smart camera with performance that will cover 99% of basic user projects, and works as a standard Pi camera
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