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October 2, 2024, 8:45 PM
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| Ina Fried / Axios: |
OpenAI raised $6.6B led by Thrive Capital, the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, and others — - Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.
More: OpenAI, Reuters, Wall Street Journal, CNBC, The Information, Ed Zitron's Where's Your Ed At, Investor's Business Daily, The Verge, Bloomberg, The Information, PYMNTS.com, Shacknews, iPhone in Canada Blog, VentureBeat, Engadget, Business Insider, GeekWire, PaymentSecurity.io, Quartz, Spyglass, Reuters, TechCrunch, Maginative, The Decoder, Futurism, Deadline, Crypto Briefing, Cryptopolitan, Capital Brief, Crunchbase News, Windows Copilot News, Channel NewsAsia, and The Hollywood Reporter
Threads: @alexkantrowitz and @alexheath
Bluesky: @glinden.bsky.social and @electriceden92.bsky.social
X: @scobleizer, @azeem, @alice_comfy, @jason, @stephenfleming, @andrewcurran_, @amitisinvesting, @peter_atwater, @danprimack, @elonmusk, @modestproposal1, @coryweinberg, and @kateclarktweets
LinkedIn: Emil Protalinski and Matt Kroll
Forums: r/OpenAI and r/singularity
| Financial Times: |
Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI, an exclusive funding arrangement to keep its generative AI lead — Sam Altman-led group wants exclusive arrangement as it secures $6.6bn funding round — OpenAI has asked investors …
More: SFGATE, The Register, TechCrunch, San Francisco Business Times, Reuters, PitchBook, Gizmodo, Los Angeles Times, Business Insider, Semafor, Tech Xplore, Wccftech, and The Independent
Bluesky: @zitron.bsky.social. X: @marvintbaumann, @bgurley, @luke_metro, @elonmusk, @inartecarlodoss, @mikeisaac, @sawyermerritt, @loudmouthjulia, @eringriffith, @8teapi, and @rabois. Forums: r/ChatGPT
| Cade Metz / New York Times: |
More: SiliconANGLE, The Daily Upside, Business Insider, Benzinga, Ars Technica, The Guardian, Tech Startups, Fortune, Originally Reported …, Financial Times, The Times, Neowin, KSTP-TV, Cointelegraph, Forbes, The Decoder, Crypto Briefing, Barron's Online, Washington Post, CryptoSlate, Newser, The Wrap, Invezz, Variety, Business Times, Mashable, Nairametrics, The Information, CoinGape, TVNewsCheck, and MacDailyNews. Forums: Hacker News
| Daniel Thomas / Financial Times: |
Amazon plans to increase the number of ads on Prime Video in 2025 after not seeing a sharp drop in subscribers since adding advertisements in January 2024 — Ecommerce group attempting to win over more brands as it steps up push into ad-funded streaming services in 2025
More: Ars Technica, PYMNTS.com, The Information, Engadget, How-To Geek, Android Headlines, iPhone in Canada Blog, MobileSyrup, Quartz, PhoneArena, Stevivor, Deadline, ChannelX, MarketWatch, and Digiday
Forums: r/television and Ars OpenForum
| Abner Li / 9to5Google: |
Google updates Gmail for Android and iOS with new summary cards that are more glanceable and actionable and a new “Happening soon” section above the inbox — Gmail for Android and iOS are getting new summary cards that are more glanceable and actionable, with Google also directly surfacing them in your inbox.
More: The Keyword, The Verge, MacRumors, Android Headlines, KnowTechie, Lifewire, Tom's Guide, How-To Geek, CBS News, PhoneArena, Android Authority, Forbes, SamMobile, Neowin, Droid Life, ZDNET, The Mirror, iPhone in Canada Blog, TechCrunch, MakeUseOf, XDA Developers, Daily Express, and Engadget. Forums: MacRumors Forums
| Ryan McNeal / Android Authority: |
Amazon announces a new lineup of Fire HD 8 tablets, with 50% more RAM than the previous models, and three new generative AI features for compatible Fire tablets — Amazon launches new Fire HD 8 tablets, rolls out three new AI features. — • — TL;DR — Amazon is launching a new lineup of Fire HD 8 tablets.
More: About Amazon, Amazon News on YouTube, PCMag, How-To Geek, Lifewire, Laptop Mag, Tom's Guide, Trusted Reviews, Engadget, UK About Amazon, Liliputing, TechEBlog, The Verge, ZDNET, Mashable, Engadget, Liliputing, Good e-Reader, AFTVnews, 9to5Toys, Phandroid, Notebookcheck, and iPhone in Canada Blog
| Dylan Martin / CRN: |
Accenture says it will train 30,000 employees on Nvidia technology and start a new Nvidia Business Group focused on driving enterprise adoption of AI agents — The global services powerhouse says its newly formed Nvidia Business Group will focus on driving enterprise adoption …
More: Accenture, TipRanks Financial, Investing.com, Seeking Alpha, Wall Street Journal, Benzinga, CNBC Television on YouTube, Investor's Business Daily, CNBC Television on YouTube, Proactiveinvestors UK, Neowin, Moneycontrol, The Hindu, TechInformed, AIM, InformationWeek, Channel Futures, CIO.com, VentureBeat, SiliconANGLE, and Bloomberg
| Bloomberg: |
Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation — - Company hasn't released its product or given a launch timeline — Investment shows continued investor appetite for AI startups
More: SiliconANGLE, TechCrunch, poolside, poolside, Sifted, FinSMEs, and Crunchbase News
X: @liamboogar, @almonk, @almonk, @danprimack, @jacobeffron, @ericabrescia, @pengmingwang, @redpoint, and @terronk
| Akila Quinio / Financial Times: |
Meta rolls out Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intel to help catch scammers, after a pilot with NatWest and Metro Bank — Tech group to roll out channel for sharing of transaction intelligence — Facebook owner Meta is launching a data-sharing partnership …
More: Meta, The Guardian, Finextra, Reuters, Bloomberg, Meta Australia Policy Blog, news.com.au, Neowin, PYMNTS.com, 9News, AML Intelligence, The Mirror, Invezz, Tech Monitor, City A.M., CNBC, American Banker, and UKTN
| Erin Griffith / New York Times: |
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff — CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.
More: TechCrunch and Cautious Optimism
Mastodon: @remixtures@tldr.nettime.org. X: @varun_mathur, @pitdesi, @bryce, @kevinbeatty, @crv, @denehyxxl, @bgurley, and @saarsaar
| Akila Quinio / Financial Times: |
The UK FCA fines Starling Bank £29M over its “shockingly lax” controls against financial crime, like potential money laundering and sanctions breaches — FCA said lender's efforts to identify potential money laundering ‘did not keep pace’ with its growth
More: Financial Conduct Authority, The Times, CNBC, Tech Startups, TechCrunch, The Guardian, PYMNTS.com, Sky News, The Stack, The Paypers, Bloomberg, Finextra, London Evening Standard, Tech.eu, The Crypto Times, UKTN, Fintech Finance, City A.M., Press Association, and Protos
X: @thefca and @emilyjnicolle
| Tom Warren / The Verge: |
Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021 — Microsoft is releasing a new version of Office this week, designed for people that don't want to subscribe to Microsoft 365.| Cristina Criddle / Financial Times: |
Character.AI CEO Dominic Perella says the startup has largely abandoned building AI models after Google poached its founders, focusing on its chatbots instead — AI start-up's new chief says race to build large language models against Big Tech got ‘insanely expensive’| Emma Roth / The Verge: |
Automattic demanded an 8% cut of WP Engine's monthly revenue to use the WordPress trademark in a seven-year deal proposed on September 20; WP Engine declined — Automattic, the parent company of WordPress.com, asked rival hosting service WP Engine to hand over 8 percent of its revenue each month …
More: Dries Buytaert, The Register, Automattic, and The New Stack
Mastodon: @j12t@j12t.social. X: @crowdersoup, @photomatt, @hashim_warren, @automattic, @ryancduff, @tealou, @bwhalley, @quinnypig, @jeffseverson, @dcurtis, and @ozskier. Forums: Hacker News
| Nikhilesh De / CoinDesk: |
The SEC files a notice of appeal in its Ripple case, seeking to reverse a July 2023 ruling that XRP sales on retail exchanges didn't violate securities law — A federal judge ruled last year that the SEC had not made its case that Ripple violated securities law by selling XRP to retail customers through exchanges.| Bloomberg: |
Sources: Google teams in recent months have made progress on AI reasoning models, akin to OpenAI's o1; source: some at DeepMind are worried about falling behind — The push deepens the search giant's rivalry with OpenAI — Google is working on artificial intelligence software that resembles …
More: The Information, Quartz, The Crypto Times, TechRadar, Neowin, and The Decoder
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