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October 3, 2024, 1:20 PM
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WeSmirchTop News
| Hayden Field / CNBC: |
Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.
More: TechCrunch, Business Standard, Engadget, Bloomberg, CoinGape, Taipei Times, Quartz, and Axios
| 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: Reuters, Reuters, Wall Street Journal, OpenAI, Investor's Business Daily, DatacenterDynamics, Ed Zitron's Where's Your Ed At, The Guardian, CNBC, Windows Central, Tech Monitor, Quartz, Sector 6, Axios, Inc.com, The Ankler, Financial Times, The Verge, The Information, Business Insider, Interesting Engineering, Light Reading, Forbes, Barron's Online, Silicon Republic, PhoneArena, CCN.com, Tech Funding News, The Express Tribune, The Mirror, Livemint, AIM, Coinpedia Fintech News, Business Standard, Al Bawaba, Computerworld, The Decoder, Proactive, ITPro, Business Insider, Hindustan Times, Bloomberg, Silicon Canals, Los Angeles Times, Business Today, SmartCompany, Benzinga, SFist, YourStory.com, The Information, Shacknews, iPhone in Canada Blog, SiliconANGLE, The Daily Upside, Gizmodo, Tech Startups, Originally Reported …, Washington Post, Advanced Television, Neowin, The Times, San Francisco Business Times, Deadline, Futurism, Quartz, and TechCrunch
Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @danprimack, @garymarcus, @edzitron, @garymarcus, @jason, @edzitron, @modestproposal1, @elonmusk, @danprimack, @kateclarktweets, @alice_comfy, @coryweinberg, @stephenfleming, @azeem, @peter_atwater, @scobleizer, @andrewcurran_, @amitisinvesting, and @jason
LinkedIn: Emil Protalinski and Matt Kroll
Forums: r/OpenAI, r/mlscaling, and r/singularity
| Kyle Wiggers / TechCrunch: |
Google rolls out AI-organized Search results in the US on mobile, showing users AI-aggregated pages of content from forums, articles, YouTube videos, and more — Google will begin to show ads in AI Overviews, the AI-generated summaries it supplies for certain Google Search queries … | Emma Roth / The Verge: |
Google updates Lens to let users take a video or use their voice to search, showing an AI Overview and search results, rolling out to Search Labs on mobile — If you can't capture what you want to search for with just a picture, Google Lens will now let you take a video — and even use your voice to ask about what you're seeing.
More: Wired, The Keyword, The Register, Search Engine Land, Android Police, The Independent, London Evening Standard, Android Authority, Engadget, 9to5Google, Search Engine Land, TechCrunch, Semafor, Google Help Center, Yahoo Finance, BBC, Business Insider, TechRadar, BGR, Mashable, and Digital Trends
| Emma Roth / The Verge: |
Google rolls out ads in AI Overviews when a user's question has a “commercial angle”, and identifies the ads with a “sponsored” header, on mobile in the US — Google is rolling out ads in AI Overviews, which means you'll now start seeing products in some of the search engine's AI-generated summaries.
More: 9to5Google, Adweek, and Search Engine Land
| Bill Toulas / BleepingComputer: |
Researchers: hackers are actively exploiting an RCE vulnerability in Zimbra email servers, disclosed on September 27, triggered by emailing the SMTP server — Hackers are actively exploiting a recently disclosed RCE vulnerability in Zimbra email servers that can be triggered simply … | Sarah Perez / TechCrunch: |
YouTube unveils Shorts updates, including letting creators upload three-minute videos, updating the Shorts player, introducing templates, and a new trends page — YouTube on Thursday announced a series of updates for its short-form video product, YouTube Shorts.| Ivan Mehta / TechCrunch: |
WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of “abuse of power, extortion, 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.| Ivan Mehta / TechCrunch: |
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users — Spotify introduced a new feature today called Offline Backup. This feature for premium users is essentially a list of songs … | Nicola M. White / Bloomberg: |
Gurbir Grewal, the US SEC's top enforcement official since 2021, who oversaw 2,400+ enforcement actions and the crypto crackdown, plans to leave on October 11 — - Grewal helped lead WhatsApp probes, crypto industry crackdown — SEC official was previously New Jersey's attorney general
More: US Securities …, CCN.com, Cryptopolitan, CryptoGlobe, Cryptonews, Wall Street Journal, crypto.news, Reuters, and Decrypt. X: @secgov
| 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, The Sun, Ars Technica, CNET, TechCrunch, Lowpass, Forbes, KnowTechie, Engadget, Futurism, Redmond Pie, Cybernews.com, CryptoGlobe, Daily Mail, TechSpot, WinBuzzer, Malwarebytes, The Indian Express, Spyglass, Benzinga, Android Headlines, Android Police, Kotaku, Android Authority, How-To Geek, Six Colors, MacRumors, Gizmodo, TechCrunch, and I-XRAY
Threads: @alexheath, @matthewraifman, @jendiagammon, and @jank0
Mastodon: @Theeo123@mastodon.social, @benschwarz@front-end.social, @Jessicascott09@infosec …, @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
| Allison Johnson / The Verge: |
Google expands conversational AI voice chat Gemini Live's language support to French, German, Portuguese, Hindi, and Spanish, after launching in English — Google initially rolled out Gemini Live, its conversational AI voice chat, in just one language: English.
More: The Keyword, Android Authority, Neowin, 9to5Google, Android Police, The Week, Google Help Center, SamMobile, Wccftech, Droid Life, PhoneArena, Business Standard, The Economic Times, Tom's Guide, Hindustan Times, The Hindu BusinessLine, The Indian Express, Digital Trends, Livemint, and NewsBytes
| Thomas Claburn / The Register: |
Co-founders Tim Berners-Lee and Rosemary Leith plan to close the World Wide Web Foundation after 15 years of fighting to make the web safer and more accessible — Who wants to join his so Solid crew? — After fifteen years of fighting to make the web safer and more accessible, the World Wide Web Foundation is shutting down.
More: World Wide Web Foundation, PCWorld, WinBuzzer, Fortune, TechSpot, Computerworld, and TechRadar
| Victoria Song / The Verge: |
Oura unveils the $349+ Oura Ring 4, featuring a slimmer design, improved accuracy, and more sizes, shipping October 15, and completely redesigns the Oura app — Oura is giving its popular smart ring and app a substantial makeover. The company just announced the $349 Oura Ring 4 …
More: 9to5Google, HotHardware, The Shortcut, Cult of Mac, Quartz, iClarified, Engadget, 9to5Mac, Cybernews.com, Neowin, ZDNET, Wareable, Android Headlines, MacRumors, Gadgets & Wearables, TechCrunch, Gizmodo, CNET, WWD, CNBC, Android Police, Tom's Guide, and Notebookcheck
Forums: r/ouraring and r/ouraring
| Kyle Wiggers / TechCrunch: |
Black Forest Labs, whose Flux.1 model powers Grok's image generator, launches an API in beta and its latest image generation model Flux1.1 Pro — Black Forest Labs, the Andreessen Horowitz-backed startup behind the image generation model in xAI's Grok assistant, has launched an API in beta — and released a new model.
More: Black Forest Labs, VentureBeat, and Maginative
| Paige Smith / Bloomberg: |
PayPal completes its first business payment using its proprietary PYUSD stablecoin, paying an E&Y invoice on September 23 via SAP's digital currency hub — SAP's platform, known as the digital currency hub, allows enterprises to send and receive digital payments instantly, around the clock.| 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, The Information, The Sun, The Independent, Thurrott, TechRadar, Mostly signs, Benzinga, Broadband TV News, Engadget, Fast Company, The Streamable, Tom's Guide, Modern Retail, Ad Age, AV Club, Android Authority, Android Police, Android Headlines, iPhone in Canada Blog, PYMNTS.com, and MobileSyrup
Forums: Hacker News, r/technews, r/technology, r/wallstreetbets, r/television, and Ars OpenForum
| Nikhilesh De / CoinDesk: |
The US 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 rules — 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.
More: The Verge, PYMNTS.com, CNBC, Blockworks, Bloomberg, Reuters, Cointelegraph, ZyCrypto, Bitcoin Insider, Blockonomi, The Crypto Basic, CryptoPotato, Coinpedia Fintech News, crypto.news, Coinspeaker, Watcher Guru, Inside Bitcoins, Cryptopolitan, CCN.com, CryptoGlobe, CoinGape, The Crypto Times, Cryptonews, Unchained, Crypto Briefing, Crypto Adventure, CryptoSlate, Bloomberg, Watcher Guru, Cointelegraph, and Coinspeaker
X: @bgarlinghouse, @s_alderoty, and @freddyriz
| Sarah McBride / Bloomberg: |
PitchBook: Q3 US VC investments rose ~8% YoY to $37.9B across 3,777 deals; AI startups got 36% of the deal value and 27% of the deal count from Q1 to Q3 2024 — Artificial intelligence firms received more than one-third of the funds in the third quarter.
More: Cautious Optimism, SiliconANGLE, PitchBook, and PitchBook
Sponsor Posts
Command Line:
Bringing local models and sandboxed tools to Windows and GitHub Copilot — GitHub Copilot will soon determine when a task is best handled by on-device AI and when it needs cloud-scale models.
Bringing local models and sandboxed tools to Windows and GitHub Copilot — GitHub Copilot will soon determine when a task is best handled by on-device AI and when it needs cloud-scale models.
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Qualcomm's CEO on the coming AI phone supercycle
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
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The Upstarts Podcast:
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