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Techmeme
September 27, 2024, 7:00 PM
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Top News

New York Times:
Docs: OpenAI's monthly revenue hit $300M in August, up 1,700% since 2023 beginning; it expects ~$3.7B in 2024 sales but may lose ~$5B, and had 350M MAUs in June  —  As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
Deepa Seetharaman / Wall Street Journal:
Current and former staff say OpenAI has rushed product announcements and safety testing, lost its lead over rivals, and Altman is detached from the day-to-day  —  Executives and researchers have left this year amid disputes over the company's values and fights among its leaders
Hayden Field / CNBC:
Source: at an all-hands meeting, Sam Altman said there are no plans for him to get a “giant equity stake” in OpenAI, calling that information “just not true”
Kate Rooney / CNBC:
In an email to OpenAI's investors, CFO Sarah Friar says the company's current funding round was oversubscribed and is set to close next week
Mariella Moon / Engadget:
The Irish Data Protection Commission wraps up an investigation into a 2019 breach, fining Meta €91M for violating GDPR rules by storing passwords in plain text  —  The Irish Data Protection Commission found that the company violated several GDPR rules.
Eric Tucker / Associated Press:
The US DOJ charges three hackers employed by Iran's Revolutionary Guard for allegedly hacking Trump's presidential campaign and disseminating stolen info  —  The Justice Department unsealed criminal charges Friday against three Iranian operatives suspected of hacking Donald Trump's presidential campaign …
Bill Toulas / BleepingComputer:
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker's Stash marketplace  —  The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services …
Tom Warren / The Verge:
Microsoft details how it has overhauled its controversial AI-powered Recall feature, including making it opt-in and giving users an option to uninstall  —  In response to security concerns, Microsoft is detailing how it has overhauled its controversial AI-powered Recall feature …
Katharine Gemmell / Bloomberg:
The UK CMA rules that Amazon's $4B Anthropic deal does not qualify for an investigation under merger laws as Anthropic's UK revenue didn't meet threshold limits  —  The Competition and Markets Authority said Friday that the tie-up did not qualify for an investigation under merger laws.
Cristiano Lima-Strong / Washington Post:
Meta will also block sharing of Ken Klippenstein's newsletter and other sources with the JD Vance dossier, citing foreign meddling and hacked materials policies  —  The platform blocked a journalist from sharing a purported research document on the candidate, mirroring its past controversy.
Emma Roth / The Verge:
Steam changes its subscriber agreement, removing its forced arbitration policy and allowing gamers to take legal action against its parent company Valve  —  Steam just removed its forced arbitration policy, opening the door for lawsuits against its parent company, Valve.
Abner Li / 9to5Google:
Google rolls out Gemini-powered contextual Smart Replies, which analyzes the context of an email and suggests a detailed reply, in Gmail for paid users  —  Following the announcement at I/O 2024, Google is now rolling out Contextual Smart Replies to Gmail for Android and iOS.
Nikhilesh De / CoinDesk:
Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement  —  Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.
Bloomberg:
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses  —  The tech giant intended to spend $1 billion annually on films for cinemas.  After several box office disappointments …
Ian King / Bloomberg:
Source: Arm approached Intel about potentially buying Intel's product group, but not its factory operations; Intel declined, saying the division isn't for sale  —  The World's Call Center Capital Is Gripped by AI Fever — and Fear … Hello World

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Jaspreet Singh / Reuters:
Fox reports Q4 revenue up 28% YoY to $4.21B, above $3.64B est., ad revenue up 78% to $1.92B, driven by its World Cup broadcast and growth at Tubi; FOX jumps 5%+

More News

Washington Post:
Neo-Nazis are creating AI videos of Hitler making English versions of his speeches and to rebrand him as “misunderstood” via TikTok, X, Instagram, and YouTube
Kyle Wiens / iFixit News:
iPhone 16 Pro and Pro Max teardown: great modularity upgrades and better repairability due to a dual-entry design and a metal enclosure for the 16 Pro's battery

Earlier Picks

Joseph Zeballos-Roig / Semafor:
Kamala Harris is courting crypto investors and pro-crypto Democrats in Congress, as some prominent Democrats temper their initial skepticism of crypto assets
Paul Sawers / TechCrunch:
The Tor Project merges with Tails, a portable Linux-based OS focused on user privacy and anonymity; Tails says it had “outgrown its existing structure”
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