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October 3, 2024, 1:20 PM
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Top 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.
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.
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.
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 …
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
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 …
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.
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.
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 …
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.
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
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.

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This is a Techmeme archive page. It shows how the site appeared at 1:20 PM ET, October 3, 2024.

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From Mediagazer

Wall Street Journal:
Sources: the DOJ is probing whether the NFL uses anticompetitive tactics that harm consumers; regulators and others have raised concerns about streaming deals

Tom Jones / Poynter:
MS NOW announces financial backing for the Pulitzer Center, and collaborations with The Marshall Project on ICE and States Newsroom to feature state reporting

Alex Weprin / The Hollywood Reporter:
AMC Networks rebrands as AMC Global Media, filing new articles of incorporation in Nevada; CEO Kristin Dolan says streaming is its top domestic revenue source

More News

Earlier Picks

Jordan Novet / CNBC:
Analysis: Microsoft's finance leases, mainly for data centers and set to start between FY 2025 and FY 2030, have risen by nearly $100B in two years to $108.4B
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
Dylan Martin / CRN:
Accenture says it will train 30K employees on Nvidia's AI tech and start a new Nvidia Business Group focused on driving enterprise adoption of AI agents
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
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
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