| MacKenzie Sigalos / CNBC: |
A look at the Nvidia-OpenAI deal, where Nvidia will invest in $10B tranches; sources say OpenAI informed Microsoft about the deal a day before it was signed — ABILENE, Texas - Sam Altman had a deadline. OpenAI's CEO was headed to Texas to unveil his company's next big infrastructure push … | Sam Altman: |
| Reuters: |
Source: the Nvidia-OpenAI deal has two separate transactions: Nvidia invests in OpenAI for non-voting shares, then OpenAI can use the cash to buy Nvidia's chips — - Nvidia to supply OpenAI with data center chips — Deal involves non-voting shares and chip purchases| Kif Leswing / CNBC: |
| New York Times: |
Larry Ellison is turning into a media magnate, potentially controlling CBS, CNN, TikTok, and more, amid a regulatory environment favorable to Trump allies — When Larry Ellison entered his ninth decade in 2024, his high-profile lifestyle seemed to be receding.| Myles Miller / Bloomberg: |
The US Secret Service says it has dismantled 300+ SIM card servers in the NYC area that could have disrupted communications ahead of the UN General Assembly — Federal agents dismantled a network of devices in the New York area that was used to threaten senior US government officials … | Jess Weatherbed / The Verge: |
Meta starts rolling out built-in message translation in WhatsApp, with support for 19+ languages on iOS and six on Android — Translation is rolling out to iPhone and Android users, and will expand to support additional languages in the future.| Jess Weatherbed / The Verge: |
Google adds a new You tab to Google Play, featuring player account information, personalized content recommendations, rewards, and more — Curated content, rewards, subscriptions, stats, and updates will live under a new ‘You’ tab. … Google Play is adding a new centralized user hub … | Abner Li / 9to5Google: |
Google announces Play Games Sidekick for Android, an in-game overlay that provides access to Gemini Live while playing games downloaded from the Play Store — Google is bringing Gemini Live to Android gaming with Play Games Sidekick. Billed as a coach, it's meant to be a … | Ashley Gold / Axios: |
Meta launches the American Technology Excellence Project, a super PAC to fight AI policy bills at the state level; it previously launched a California PAC — Meta launched a new super PAC on Tuesday to help fight off what it sees as onerous AI and tech policy bills across the country, per an announcement shared exclusively with Axios.| Harvard Business Review: |
Research: low productivity gains from AI may stem from employees using AI to produce “workslop”, or low-effort, passable work that creates more work for others — A confusing contradiction is unfolding in companies embracing generative AI tools: while workers are largely following mandates … | Anna Irrera / Bloomberg: |
London-based Fnality, which lets banks transact in a digital cash asset backed with funds at the Bank of England, raised $136M led by BoA, Citigroup, and others — Fnality International Ltd., a UK-based blockchain-payments company, has raised $136 million in a funding round led … | Lucas Shaw / Bloomberg: |
A look at MrBeast's entertainment company, which has ~$450M in annual sales but faced three years of losses due to high production costs of $3M-$4M per video — The master of viral videos now has a CEO to rein in spending on Lambos—and give his “banger content” an even wider reach.| Ivan Mehta / TechCrunch: |
OpenAI launches ChatGPT Go in Indonesia for ~$4.50 per month, expanding its budget-friendly ChatGPT subscription plan after debuting it in India in August — OpenAI is expanding its budget-friendly ChatGPT subscription plan beyond India. The company launched its sub-$5 ChatGPT Go paid plan … | Iain Martin / Forbes: |
A look at London-based “neocloud” startup Nscale, which landed a $500M investment from Nvidia and aims to scale up to 300K GPUs globally, on par with CoreWeave — Nscale, a tiny London-based startup, just landed $500 million in backing from AI chip giant Nvidia to help build … | Dan Primack / Axios: |
Source: Stripe is in talks to buy back shares from its VC backers at a $106.7B valuation; Sequoia bought $861M worth of shares in 2024 at a $70B valuation — Stripe is in talks to repurchase shares from venture capital backers at a $106.7 billion valuation, Axios has learned.| Bloomberg: |
Microsoft says it is experimenting with microfluidics, which involves sending fluid through channels in AI and server chips to improve cooling efficiency — Small amounts of fluid passed through channels etched on chips can save energy and boost AI systems.| Jagmeet Singh / TechCrunch: |
Filing: Indian ride-hailing app Rapido doubled its valuation to $2.3B after Swiggy offloaded its 12% Rapido stake for ~$270M in a secondary share sale — Rapido, a popular ride-hailing platform in India that competes with Uber, has doubled its valuation to $2.3 billion following a secondary share sale by food delivery giant Swiggy.| Maria Deutscher / SiliconANGLE: |
Empower Semiconductor, which makes power management chips that cut server power consumption by ~50%, raised a $140M Series D, bringing its total raised $200M+ — Chip startup Empower Semiconductor Inc. today announced that it has closed a funding round worth more than $140 million.| Andrew J. Hawkins / The Verge: |
Uber launches prepaid passes, letting customers pay a discounted price in advance on frequently taken trips, in bundles of 5, 10, 15, or 20 rides — Customers can pay a discounted price when buying frequently made trips in advance. … Uber is still trying to chip away at the perception …
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| Lauren Almeida / The Guardian: |
| Carl Franzen / Venturebeat: |
| Steven Levy / Wired: |
| Shakeel Hashim / Transformer: |
| Sydney Bradley / Business Insider: |
| Andrew Liszewski / The Verge: |
| Ateev Bhandari / Reuters: |