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Techmeme
September 27, 2024, 6:15 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”  —  At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a …
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.
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 …
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.
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.
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
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 …
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.
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 …
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.
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  —  We first cracked into the iPhone 16 lineup over the weekend, and we were impressed.  The vanilla iPhone 16 earned a respectable 7 out of 10 repairability score.

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This is a Techmeme archive page. It shows how the site appeared at 6:15 PM ET, September 27, 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

Reuters:
Independent Russian newspaper Novaya Gazeta plans to shut down after 30+ years, following pressure from Russian authorities and the persecution of its reporters

Gavin Blair / The Hollywood Reporter:
The Association of Japanese Animations: Japan's anime industry revenue grew 15.8% YoY to a record ~$28.5B in 2025, with overseas revenue reaching ~$16B

Selome Hailu / Variety:
Sources: Reese Witherspoon's Hello Sunshine lays off about 30 employees, roughly 50% of its staff, as it focuses on film and TV projects and its book club brand

More News

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
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

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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