Techmeme
June 20, 2024, 3:45 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.
David Pierce / The Verge:
Anthropic debuts Artifacts, which lets users see, edit, and build upon content generated by Claude such as code snippets, text documents, and website designs  —  The AI arms race continues apace: Anthropic is launching its newest model, called Claude 3.5 Sonnet, which it says can equal …
Carl Franzen / VentureBeat:
Claude 3.5 Sonnet appears to be a tremendous leap for Anthropic and LLMs generally, and shows that AI model makers' performance gains are not slowing down  —  A new large language model (LLM) has apparently taken the performance crown from OpenAI's GPT-4o about a month after its release …
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.
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: PYMNTS.com and Finextra
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.
Ingrid Lunden / TechCrunch:
Sources: Poolside, co-founded by ex-GitHub CTO Jason Warner to build AI tools to speed up software development, is raising $400M+ at a $2B+ post-money valuation  —  Paris has quickly established itself as a major European center for AI startups, and now another deal in the works could cement that position even further.
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 …
Financial Times:
Sources: Revolut plans to sell ~$500M 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 …
More: Bloomberg
Rachel Metz / Bloomberg:
HeyGen, which uses AI to let users create realistic-looking avatars, raised $60M led by Benchmark at a $500M valuation, taking its total funding to $74M  —  HeyGen lets anyone make a photorealistic avatar that can speak in their own voice and translate their words into a range of languages.
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
Lauren Feiner / The Verge:
NY Governor signs two bills to protect minors, banning “addictive feeds”, limiting data collection, limiting social media notifications overnight, and more  —  New York Governor Kathy Hochul (D) signed two bills into law on Thursday that aim to protect kids and teens from social media harms …

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Maureen Tkacik / American Prospect:
Washington Post:
Adam Zewe / MIT News:
Lara Korte / Politico: