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October 3, 2024, 7:40 AM

Top News

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, Wall Street Journal, Reuters, Ed Zitron's Where's Your Ed At, CNBC, The Verge, The Information, Tech Funding News, Proactive, PhoneArena, The Information, Business Insider, Bloomberg, SFist, SmartCompany, Shacknews, iPhone in Canada Blog, PaymentSecurity.io, Fortune, Maginative, PYMNTS.com, VentureBeat, Nairametrics, Forbes, Engadget, GeekWire, Capital Brief, Crypto Briefing, Spyglass, San Francisco Business Times, Deadline, Cryptopolitan, Futurism, Quartz, Reuters, Moneycontrol, and TechCrunch

Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @scobleizer, @stephenfleming, @garymarcus, @azeem, @edzitron, @garymarcus, @peter_atwater, @jason, @danprimack, @alice_comfy, @elonmusk, @modestproposal1, @coryweinberg, @edzitron, @kateclarktweets, @andrewcurran_, @amitisinvesting, and @jason

LinkedIn: Emil Protalinski and Matt Kroll

Forums: r/OpenAI, r/mlscaling, and r/singularity

Richard Waters / Financial Times:

As Satya Nadella says AI models are becoming “more of a commodity”, OpenAI faces formidable challenges, including burning through cash and intense competition

X: @tonytassell

Rosie Bradbury / PitchBook:

Analysis: OpenAI, the third-most valuable VC-backed company after SpaceX and ByteDance, is worth far more than any VC-backed company at the time of its IPO

More: Bloomberg

Cade Metz / New York Times:

Source: Thrive invested ~$1.3B in OpenAI's $6.6B round, with an exclusive option to invest up to $1B more at the same $157B valuation through 2025

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

More: Reuters, Computerworld, The Mirror, ITPro, CCN.com, San Francisco Business Times, The Decoder, Neowin, Los Angeles Times, SFGATE, San Francisco Chronicle, Business Insider, The Register, TechCrunch, Benzinga, Gizmodo, Wccftech, Tech Xplore, and Semafor

Bluesky: @zitron.bsky.social. X: @smokeawayyy, @marvintbaumann, @loudmouthjulia, @eringriffith, @luke_metro, @elonmusk, @deedydas, @rabois, @inartecarlodoss, @sawyermerritt, @8teapi, @mikeisaac, and @bgurley. Forums: r/ChatGPT

Joseph Cox / 404 Media:

Two Harvard students demo using Ray-Ban Meta Smart Glasses, PimEyes, and other tools to instantly identify strangers' names, phone numbers, addresses, and more — The technology, which marries Meta's smart Ray Ban glasses with the facial recognition service Pimeyes and some other tools …

More: The Verge, Daily Mail, Engadget, Ars Technica, Spyglass, CryptoGlobe, TechCrunch, Android Headlines, Android Police, Kotaku, Benzinga, How-To Geek, Six Colors, MacRumors, Gizmodo, TechCrunch, and I-XRAY

Threads: @alexheath, @matthewraifman, @jendiagammon, and @jank0

Mastodon: @benschwarz@front-end.social, @Jessicascott09@infosec …, @BenjaminHCCarr@hachyderm.io, @mvsde@mastodon.social, @ErikJonker@mastodon.social, @sawaba@infosec.exchange, @sawaba@infosec.exchange, @codepo8@toot.cafe, and @josephcox@infosec.exchange

Bluesky: @polotek.bsky.social, @ishigh.lol, @jameskelleher.pilcrow.ie, @wolvendamien.bsky.social, @golikehellmachine.com, @vmcntosh.bsky.social, and @napsandsarcasm.bsky.social

X: @anhphunguyen1, @jsrailton, @jsrailton, @autismcapital, @josephfcox, @iterintellectus, @burhanplays, @anhphunguyen1, @daniellefong, @iterintellectus, @kentbye, @adamcohenhillel, and @comicsbyvien

Forums: Hacker News, r/LinusTechTips, r/technology, r/gadgets, r/technews, r/ABoringDystopia, r/Futurology, r/singularity, and MacRumors Forums

Ivan Mehta / TechCrunch:

WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion, abuse of power, and greed — Web hosting provider WP Engine has filed a lawsuit against Automattic, and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power.

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

More: Dries Buytaert, Werd I/O, and The New Stack

Mastodon: @j12t@j12t.social. X: @quinnypig, @dcurtis, @ozskier, @crowdersoup, @jeffseverson, @hashim_warren, @automattic, @ryancduff, @tealou, @photomatt, and @bwhalley

Forums: Hacker News and r/Wordpress

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From Mediagazer

Janko Roettgers / The Verge:

Apple TV relies on a few tentpole titles to draw audiences, like HBO did in the past, while Netflix uses its catalog size and algorithms to keep viewers engaged

Malcolm Ferguson / New Republic:

60 Minutes correspondent Cecilia Vega was fired while working on a feature on Francesca Albanese, UN special rapporteur on the Palestinian territories

Kari McMahon / A Media Operator:

6AM City is profitable as of Q1, expects a profit margin of 10%-20%, has 19 editor-led and 400+ AI-written newsletters with plans for 1500 in the coming months

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More News

Ingrid Lunden / TechCrunch:

Barcelona-based Submer, which submerges data center server racks in its proprietary coolant, raised a $55.5M Series C at a ~$500M post-money valuation

More: DatacenterDynamics, EU-Startups, Silicon Canals, Tech Funding News, and Tech.eu

Yasemin Craggs Mersinoglu / Financial Times:

Analysis: London's Met police used facial recognition 117 times in 2024 to August, up from 32 times in total from 2020 to 2023; ~770,966 people were scanned

X: @1br0wn, @libertyhq, and @bigbrotherwatch

Victoria Song / The Verge:

Oura unveils the $349+ Oura Ring 4, with a slimmer design, improved accuracy, and more sizes, shipping October 15, and completely redesigns the Oura app

More: Engadget, CNET, MacRumors, Tech Advisor, Android Police, How-To Geek, Oura, Gizmodo, ZDNET, Android Authority, Tom's Guide, The Shortcut, TechCrunch, 9to5Toys, Wareable, Mashable, Wccftech, GSMArena.com, WWD, Wired, CNBC, and TechRadar. Forums: r/ouraring

Bloomberg:

How chips made by US companies like Analog Devices, Germany's Infineon, and others helped power a Russian missile used in Ukraine, despite US export controls

Mastodon: @hanse_mina@mastodon.social. X: @rfriedman305 and @stephanibaker

Hyung-Jin Kim / Associated Press:

A look at the prevalence of deepfake porn in South Korea, where its parliament has revised a law to make watching or possessing deepfake porn content illegal

X: @kimtonghyung, @hyungjin1972, and @hyungjin1972

Teresa Xie / Bloomberg:

Dogecoin has become surprisingly popular among businesses looking to accept crypto for real-world purchases, largely due to the memecoin's low transaction costs

More: Bitcoinist.com

Jordan Novet / CNBC:

Analysis: Microsoft's finance leases, mainly for data centers and commencing between FY 2025 and FY 2030, have risen by $100B+ in less than two years to $108.4B

X: @jessefelder, @spirosmargaris, @sarbjeetjohal, and @jordannovet

LinkedIn: Dan Rabinovitz, Chris Ward-Jones, Kenneth Chan, and CNBC. Forums: r/artificial

Earlier Picks

James Hale / Tubefilter:

Twitch now includes raids, which lets streamers who are going offline send viewers to others, in its average viewer count, easing the path to make partner

More: Game Rant and The Mozilla Blog. X: @itswoori

Sam Kessler / CoinDesk:

Investigation: over a dozen crypto companies unknowingly hired North Korean IT workers who used fake IDs, successfully navigated interviews, and passed checks

More: HealthcareInfoSecurity.com. Bluesky: @justinhendrix.bsky.social. X: @skesslr and @skesslr

Maxwell Zeff / TechCrunch:

A US judge temporarily blocks California's AG from enforcing AB 2839, which Governor Gavin Newsom signed into law on September 17 to remove election deepfakes

More: Benzinga, The Gateway Pundit, Reclaim The Net, Cointelegraph, San Francisco Chronicle, Reason, and KTVU-TV. X: @daphnehk

David Shepardson / Reuters:

President Biden signs legislation that will exempt some US chip manufacturing facilities receiving government subsidies from federal environmental reviews

More: Benzinga, The Hill, and Forbes

X: @levie and @bgurley. LinkedIn: Peter Cleveland

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

More: TechCrunch, TNW, Tech Funding News, poolside, poolside, SiliconANGLE, Sifted, and FinSMEs

X: @asenkut, @terronk, @danprimack, @almonk, @almonk, @liamboogar, @pengmingwang, @ericabrescia, @redpoint, and @jacobeffron

Kevin Roose / New York Times:

Some iOS developers worry an iOS 18 change, which lets users choose contacts an app can access, may make growing social apps hard; Apple says it boosts privacy

More: TechIssuesToday.com, Pixel Envy, Scott Helme, XDA Developers, OS X Daily, and Cult of Mac

Threads: @sean.hodgdon. X: @nikitabier, @mysk_co, @matthiasmartn, and @baekdal. LinkedIn: Dr. Jennifer King

Forums: Hacker News, r/technology, and Slashdot

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

More: Microsoft 365 Blog, O'Grady's PowerPage, Gizchina.com, Macworld, MSPoweruser, iDownloadBlog.com, 9to5Toys, Tom's Guide, New York Post, Ars Technica, and ZDNET

X: @benlovejoy and @tomwarren. Forums: r/apple