Techmeme
December 17, 2024, 1:40 PM

Top News

Wall Street Journal:
Databricks is raising $10B from a16z, Thrive, others at a $62B valuation, among the largest VC raises in history; documents 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:
The Irish Data Protection Commission fines Meta €251M over a Facebook breach that affected ~29M users globally and ~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 that affected millions of users …
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 …
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
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.
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
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.
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.
Rishav Chatterjee / Reuters:
Australia's privacy watchdog says Meta agreed to a AU$50M settlement over a 2020 Cambridge Analytica lawsuit alleging 300K+ Facebook users' data was exposed  —  The Australian Information Commissioner said on Tuesday it has withdrawn civil penalty proceedings against Meta Platforms (META.O) …
NBC News:
Source: Trump meets with TikTok CEO Shou Zi Chew at Mar-a-Lago, the same day that the company asks the Supreme Court to block the law that could ban the app  —  President-elect Donald Trump tried to ban TikTok in 2020 but was blocked by the courts.  He has since changed his position on the issue.
Lawrence Hurley / NBC News:
Juro Osawa / The Information:
Sources: Character.AI rival Talkie, one of the most-downloaded AI apps in the US and made by China's MiniMax, prepares an AI video feature to reignite growth  —  Many of you may not have heard of Talkie, a competitor to Character.AI in providing personalized artificial intelligence chatbots.
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
More: FinSMEs
Jay Peters / The Verge:
Google debuts Whisk, an image generator that takes other images as prompts to suggest the subject, scene, and style, and uses the new, “latest” Imagen 3 version  —  Google has announced a new AI tool called Whisk that lets you generate images using other images as prompts instead of requiring a long text prompt.
Kyle Wiggers / TechCrunch:

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Earlier Picks

Sonia Rolley / Reuters:
Bloomberg:
CNBC:
Jay Peters / The Verge:
Matt Levine / Bloomberg: