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September 29, 2024, 12:25 PM
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| Wall Street Journal: |
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B — Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
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Threads: @72mena and @firerock31
| Wall Street Journal: |
A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist — Converting from a nonprofit happens rarely, especially for organizations this wealthy. OpenAI has two years to do so.| New York Times: |
Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024 — 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.
More: The Verge, CNBC, Tom's Guide, 9to5Mac, Gizchina.com, Philip Elmer‑DeWitt, The Hill, TechCrunch, DNyuz, Fortune, Marcus on AI, TechRadar, The Decoder, Simon Willison's Weblog, Benzinga, Neowin, NBC News, The Information, and Engadget
Threads: @gruber, @paul_rietschka, @kalihays1, and @benedictevans
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LinkedIn: Brett Pollak, Pramod Gosavi, and Hayden Field
Forums: r/Economics and r/singularity
| Matthew Lynley / Supervised: |
A look at OpenAI's sprawling product portfolio as the startup matures into a real business and runs into the challenges of avoiding product creep — Plus: OpenAI's portfolio is getting a little big. — ∙ Paid — This issue was finished on a mobile device so I apologize ahead of time for any typos and formatting errors.
More: The New Stack
| New York Times: |
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Mastodon: @LilahTovMoon@tech.lgbt and @jalefkowit@vmst.io
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LinkedIn: Amanda Brock, James Teare, and Angela Chapman
Forums: Hacker News, r/ArtistHate, and r/singularity
| Mark Gurman / Bloomberg: |
Sources: Apple considers options for its headsets, including moving compute to iPhone, and is working on homeOS; new Masimo CEO could enable a deal with Apple — Meta's latest AR glasses and cheaper mixed-reality headset add pressure on Apple to make its Vision push work.
More: The Verge, AppleInsider, 9to5Mac, Patently Apple, and The Tech Basic
Threads: @benedictevans. X: @anshelsag, @cezaryxr, @tina__nigro, @markgurman, @markgurman, @markgurman, @markgurman, and @markgurman
| Jem Aswad / Variety: |
YouTube blocks songs by Adele, Bob Dylan, Green Day, and others in the US, after its music licensing agreement with performing rights organization SESAC expired — Songs by Adele, Bob Dylan, Green Day, R.E.M., Burna Boy, Rush and many others are currently unplayable on YouTube in the U.S. due … | Ricardo Brito / Reuters: |
Court docs: Brazil's Supreme Court say X still needs to pay $5M+ in pending fines, including a new one, before it will be allowed to resume service in Brazil — Brazil's Supreme Court said on Friday that social platform X still needs to pay just over $5 million in pending fines … | Aswath Damodaran / Financial Times: |
NYU professor Aswath Damodaran on an AI bot that is trained on his equity valuation work that is in the public domain, why AI will empower generalists, and more — Whether the risks to jobs is real or not, it behoves us all to act like it is given how consequential the costs could be
X: @tonytassell and @adsinuk
| Bloomberg: |
Sources: China is discouraging local companies from purchasing Nvidia's H20 chips to help expand the country's semiconductor industry and counter US sanctions — - Nvidia can only sell slower AI chips to China due to US curbs — Beijing is fostering domestic champions like Huawei, Cambricon| Stephanie Stacey / Financial Times: |
Bumble, Muzz, and Match Group are pushing their friend-finding and community-building products to attract young users hit by so-called dating app fatigue — Bumble and Match Group launch friendship and social products to help reverse post-pandemic slowdown| Alex Perry / Bloomberg: |
Mark Zuckerberg's personal wealth has climbed almost sixfold to $200B+ in less than two years, buoyed by Meta's record-high share price, which is up 60%+ YTD — - Meta CEO's wealth has jumped sixfold in the past two years — Shares of Meta are trading near record high, up 60% this year| Brian Steinberg / Variety: |
Sources: Amazon Prime Video is in talks with veteran anchor Brian Williams to host a live Election Night special, its first entry into news-related programming — Brian Williams may have found his next TV-news job....except it won't be on traditional TV. — The veteran NBC News …
More: Wall Street Journal, Los Angeles Times, The Hill, Mediaite, TechCrunch, IJR, The Hollywood Reporter, The Verge, The Daily Beast, Deadline, TVLine, and DNyuz
Threads: @sanjaykmenon1, @mcbride.david.j, @hbraun.jackson, @stevemberkowitz, @daveleebbg, and @crumbler. Bluesky: @jeremydstanley.com
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