| Wall Street Journal: |
Databricks is raising $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; docs show Databricks has $2.6B in revenue — As CEO of Databricks, Ali Ghodsi has performed a series of ‘strategic surgeries’ to make his company one of the fastest-growing startups in Silicon Valley| Natasha Lomas / TechCrunch: |
Ireland's Data Protection Commission fines Meta €251M for a Facebook security breach that affected ~29M users globally, ~3M in the EU and EEA, in September 2018 — Meta has been fined €251 million (around $263 million) in the European Union for a Facebook security breach … | Sean Hollister / The Verge: |
Framework releases a $39 modular component to add two extra M.2 slots to the Laptop 16, letting users have 26TB+ of storage, and updates the Laptop 16's cooling — The most ambitious laptop ever made just got a long-promised modular upgrade. … At launch, you only had two options … | Tony Romm / Washington Post: |
The US FTC issues long-awaited rules requiring companies to display the full price of hotels, concert tickets, and more up front, rather than hiding “junk fees” — The industries must display the full price of a hotel room, concert ticket or sporting event upfront to customers or face potential federal punishment.| Edith Hancock / Wall Street Journal: |
The European Commission opens a formal DSA investigation into TikTok over concerns foreign actors used it to interfere in the Romanian presidential elections — The probe comes after judges in the country annulled the outcome of the first round of presidential elections, citing concerns of Russian interference| Paayal Zaveri / Bloomberg: |
Grammarly unveils a deal to buy collaborative tools startup Coda and bring on its co-founder and CEO Shishir Mehrotra as CEO; Coda had a $1.4B valuation in 2021 — Coda co-founder and CEO Shishir Mehrotra will take over that position at Grammarly, according to statement from the two companies Tuesday.| Jon Brodkin / Ars Technica: |
SCOTUS rejected ISPs' challenge to a NY law requiring ISPs to offer $15 or $20/mo. services to low-income customers, by refusing to revisit a lower court ruling — The Supreme Court yesterday rejected the broadband industry's challenge to a New York law that requires Internet providers … | Financial Times: |
The UK opens a consultation on AI and copyright, and aims to offer an “opt out” copyright exception, force companies to open models to scrutiny, and more — Consultation could see easier access to copyrighted works but require tech groups to be clearer on what they have used| Marina Temkin / TechCrunch: |
Amid the AI boom, non-AI companies that raised a Series A 18 months ago are likely facing challenges in securing their Series B, even with decent revenue growth — Earlier this year, IVP general partner Tom Loverro, proclaimed that the post-pandemic downturn is over, and companies … | Todd Spangler / Variety: |
CAA partners with YouTube to help CAA clients identify and remove AI-generated content that features their likeness, with a wider rollout planned in early 2025 — In what's being touted as the first partnership of its kind, CAA is collaborating with YouTube on a program promising to let actors … | Jordan Novet / CNBC: |
Salesforce says it will hire 2,000 people to sell AI software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000 staff — Salesforce will hire 2,000 people to sell artificial intelligence software to clients, CEO Marc Benioff said on Tuesday … | New York Times: |
Sources: OpenAI is working to sever the nonprofit's control while compensating its board, possibly in the billions, and promised investors a two-year schedule — As the maker of ChatGPT battles Google and Meta for A.I. supremacy, it's also fighting to end control by a nonprofit board.| Leo Schwartz / Fortune: |
UK-based BVNK, a stablecoin infra startup with ~$40M in annualized revenue, raised a $50M Series B led by Haun Ventures; a source said it values BVNK at ~$750M — As crypto prices soar to all-time highs, venture investors are pouring capital into a red-hot corner of the blockchain industry … | Jody Godoy / Reuters: |
Grubhub settled with the US FTC and IL AG for $25M, for allegedly adding restaurants without consent and misleading users about order fees and drivers about pay — Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers … | Anna Tong / Reuters: |
NYC-based AI-powered accounting startup Basis raised a $34M Series A led by Khosla Ventures, with Nat Friedman, Jeff Dean, Adam D'Angelo, and others investing — Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday.| Emily Mason / Bloomberg: |
Parafin, a startup run by ex-Robinhood staff offering spend management and savings tools as well as loan products, raised a $100 Series C at a $750M valuation — - Firm offers loan products, spend management and savings tools — Valuation was boosted from $520 million at last equity raise| Kyle Wiggers / TechCrunch: |
Google launches Gemini Code Assist tools that lets the AI code completion product access real-time data and information from outside apps — Google on Tuesday announced support for third-party tools in Gemini Code Assist, its enterprise-focused AI code completion service.| New York Times: |
Tech consultant Nima Momeni was convicted by a San Francisco jury in the fatal stabbing of Cash App founder Bob Lee that occurred on April 4, 2023 — Nima Momeni, 40, was convicted by a San Francisco jury in the fatal stabbing of Bob Lee, a well-known tech executive.| Kyle Wiggers / TechCrunch: |
OpenAI says it's rolling out o1 to its API for some developers, announces new versions of GPT-4o and GPT-4o mini as part of the Realtime API, and more — OpenAI is bringing o1, its “reasoning” AI model, to its API — but only for certain developers, to start.| John Voorhees / MacStories: |
Game emulator Delta adds an in-app link to pay via Patreon outside of the App Store, likely the first US app to use Apple's External Purchase Link Entitlement — Delta, the MacStories Selects App of the Year, received an important update today that allows users of the game emulator to support … | New York Times: |
Some tech leaders say they're optimistic that Trump will increase visas to highly skilled foreign workers, despite Trump curbing such programs in his first term — Silicon Valley hopes that tech giants like Elon Musk could help to push the incoming Trump administration toward offering more visas to highly skilled foreign workers.| Molly White / Bloomberg: |
After Trump's win, a look at what the crypto industry could do next, including weakening financial rules that might protect consumers from the next crypto crash — The industry is now in a position to weaken financial rules that might protect consumers from the next crypto crash.
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| Kirsten Korosec / TechCrunch: |
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| Elisha Bala-Gbogbo / Reuters: |
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| Kyle Wiggers / TechCrunch: |