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Techmeme
May 28, 2024, 10:00 AM
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Top News

xAI:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Axios:
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
Cade Metz / New York Times:
OpenAI creates a Safety and Security Committee to explore AI risks and begins training its new flagship AI model, a process that could take nine months or more  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.'s risks.
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the attack that hit Christie's, and threatens to release sensitive information about the auction house's clients  —  The hacking group RansomHub is threatening to release “sensitive personal information” about the auction house's clients.
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, says new Chromebook Plus users get a free year of Google One AI Premium, and updates old Chromebooks  —  Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K bitcoin, worth ~$9B, to an unknown address, likely part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  - Official data for April showed Chinese mobile demand returning  — The iPhone's bad start to the year prompted retail price cuts
CNBC:
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator's spectrum, and its customers, in a $4.4B deal, including $2B debt  —  T-Mobile announced Tuesday that it plans to acquire most of U.S. Cellular, including stores, some of the wireless operator's spectrum …
Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to grow “mental antibodies” to disinformation, ahead of US elections  —  Election officials around the world are adopting “prebunking” campaigns, as AI and other threats jeopardize voting.
Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more  —  Devin Oktar Yalkin for The New York Times  —  If you're anything like me, you probably spent some large portion of this week sitting on your couch watching Netflix.
Stephanie Stacey / Financial Times:
Dating apps try to woo Gen Z women by boosting moderation tools and more; Tinder has consistently lost MAUs since 2021 and paid users fell under 10M in Q1 2024  —  Gen Z is a priority for Tinder and Bumble but threats and unsolicited material from potential suitors often turn users off

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, May 28, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Netflix and WBD say Netflix revised its WBD offer to an all-cash deal for $27.75/share, with the same $82.7B value; its original bid had $59B in debt financing

Alex Weprin / The Hollywood Reporter:
Filings: WBD projects CNN will generate $1.8B in revenue and $600M in adjusted EBITDA for FY 2026; docs show CNN had revenue of $2.2B in 2021 and $1.8B in 2023

Kerry Flynn / Axios:
Pitchfork launches a $5 per month or $50 per year subscription that lets readers comment on reviews, rate albums, and access its archive of 30,000+ reviews

More News

John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024
Rita Liao / TechCrunch:
Data.ai: of the top 20 education apps in the US App Store, five are AI agents that help with school assignments, the two most popular of which are Chinese-owned
More: Tech in Asia.  Mastodon: @BrideOfLinux@mastodon ….  X: @emollick.  LinkedIn: Abhishek Sharma and Randy Wilkins.  Forums: r/technology

Earlier Picks

Reuters:
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
Wall Street Journal:
An analysis of responses by ChatGPT, Claude, Copilot, Gemini, and Perplexity to some real-life questions and everyday tasks; Perplexity ranked first overall
Michael Nuñez / VentureBeat:
Researchers find that GPT-4 can outperform human analysts in predicting the direction of future corporate earnings even when given only financial statements
Mark Gurman / Bloomberg:
A closer look at Apple's AI strategy: Project Greymatter, local and cloud LLM data processing, Siri, sealing a chatbot partnership deal with OpenAI, and more
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