June 20, 2024, 2:55 PM

Top News

Kyle Wiggers / TechCrunch:
Anthropic launches Claude 3.5 Sonnet, which beats its flagship model Claude 3 Opus and outperforms GPT-4o in some tests, available for free on the web and iOS  —  OpenAI rival Anthropic is releasing a powerful new generative AI model called Claude 3.5 Sonnet.  But it's more an incremental step than a monumental leap forward.
Clothilde Goujard / Politico:
EU diplomats: an EU Council vote to amend a draft law that would have forced WhatsApp and Signal to scan images and links for CSAM was removed from the agenda  —  Countries clash over how to safeguard privacy when rooting out illegal pictures and grooming on private chat apps.
Benjamin Sandofsky / Sandofsky:
A history of Lambda School: burning through $120M, why its income share agreements failed, how one developer-turned-journalist revealed the fraud, and more  —  Two days after his company's downfall, Austen Allred wrote: … Austen co-founded Lambda School, one of the largest educational startups of all time.
Hannah Lang / Reuters:
PayPal hires one of Walmart's top tech executives Srini Venkatesan as its CTO, effective June 24, replacing Archie Deskus, who will leave the company in July  —  PayPal (PYPL.O) has hired one of Walmart's top tech executives Srini Venkatesan to head up the company's push into artificial intelligence …
More: and Finextra
Financial Times:
Sources: Revolut plans to sell ~$50M worth of existing shares, including those held by employees, at a $40B+ valuation, up from $33B during a 2021 fundraising  —  SoftBank-backed fintech is confident its value has increased over 20% since 2021 fundraising  —  UK fintech Revolut is targeting …
Jeff Horwitz / Wall Street Journal:
Tests show Instagram continues to recommend sexual videos to accounts with ages listed as 13; Snapchat and TikTok did not produce the same sexualized content  —  Findings align with undisclosed internal research at Meta, which has pledged an ‘age-appropriate’ experience for teens …
Ian King / Bloomberg:
AMD says hackers accessed limited information related to assembling certain AMD products on a third-party vendor website and expects no material business impact  —  - Investigation showed limited information accessed by intruder  — Chipmaker said the data was accessed on a third-party site

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Earlier Picks

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