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Techmeme
October 18, 2024, 8:05 PM
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Wall Street Journal:
Sources: Microsoft and OpenAI are negotiating how much equity Microsoft gets when OpenAI becomes a for-profit company, for which OpenAI has two years  —  The two companies have hired investment banks to help negotiate how much equity Microsoft gets when OpenAI becomes a for-profit company
Connie Loizos / TechCrunch:
Report: OpenAI sees a clause in its Microsoft contract, which cuts off Microsoft's access to OpenAI tech if OpenAI develops AGI, as a path to a better contract  —  The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and …
New York Times:
Sources describe OpenAI and Microsoft's fraying relationship, OpenAI renegotiating its deal for more computing power, Microsoft's own LLM efforts, and more
The Verge:
A judge grants Google a temporary stay on the Epic ruling while Google appeals, which means Google might not have to change Play Store practices for years  —  Google just netted a small but key victory in its Epic legal battle.  Last week, the company asked Judge James Donato to press pause …
Akash Sriram / Reuters:
NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash  —  The U.S. auto safety regulator said on Friday it has opened an investigation into Tesla's Full Self-Driving software after reports …
Mia Sato / The Verge:
Bluesky says it added 500K new users in a day this week after X announced plans for controversial changes, including basically getting rid of the block feature  —  A handful of changes coming to X may be pushing users to its competitor.  Bluesky, the decentralized social platform, says it added 500,000 new users in a day this week.
Kyt Dotson / SiliconANGLE:
Terray Therapeutics, which uses AI to accelerate small-molecule drug development, raised a $120M Series B led by Bedford Ridge Capital and Nvidia's NVentures  —  Terray Therapeutics, a biotechnology company using artificial intelligence to accelerate the development of small-molecule drugs …
Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market  —  Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
Reuters:
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers  —  Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
Todd Feathers / Gizmodo:
The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY  —  The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Hannah Miller / Bloomberg:
Source: Paramount and the NFL have paused negotiations over a potential increase of 50%+ on CBS's $2.1B/year deal amid legal challenges to its WBD acquisition

Brian Steinberg / Variety:
Nielsen agrees to acquire DoubleVerify and take it private in an all-cash deal with an enterprise value of around $2.15B, expected to close by Q1 2027

More News

Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available
Reuters:
Chinese robotaxi firm Pony.ai files for a Nasdaq IPO, says its H1 2024 revenue nearly doubled to $24.7M with a net loss of $51.3M, down from $69.4M in H1 2023

Earlier Picks

Will Shanklin / Engadget:
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”
Kali Hays / Fortune:
Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits
Rich Woods / XDA Developers:
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”
Ina Fried / Axios:
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more
Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist
Jagmeet Singh / TechCrunch:
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool
Sarah Wynn / The Block:
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs
Sarah Perez / TechCrunch:
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions
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