| 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 … | 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| 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 — OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position … | 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| Financial Times: |
Sources: Intel and the US government plan to finalize $8.5B in direct funding for the chipmaker by 2024's end, as Intel tries to stabilize its ailing business — Chipmaker is seeking ways to shore up its business although potential takeover approaches could complicate talks| 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.| Elizabeth Lopatto / The Verge: |
X is blocking links to Ken Klippenstein's newsletter with a hacked JD Vance dossier and has suspended Klippenstein's X account for posting Vance's personal info — X is preventing users from posting links to a newsletter containing a hacked document that's alleged to be the Trump campaign's research … | 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.| Marina Temkin / TechCrunch: |
A look at some standout startups from Day 2 of YC's S24 Demo Day, including energy-efficient AI chips maker Exa Laboratories and freight carpooling startup Oway — Silicon Valley accelerator Y Combinator held the second Demo Day for its Summer 2024 cohort on Thursday, and just like we saw on Day 1 … | Maggie Miller / Politico: |
The US is fretting over signing a UN cybercrime treaty due to fears Russia, China, and others could use it to justify surveillance and suppression of rights — The Biden administration has weeks left to decide how to vote on a controversial U.N. cybercrime treaty, which critics … | 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 … | Madhumita Murgia / Financial Times: |
Stripe data: AI startups took a median 11 months to hit $1M in annualized revenue after their first sales, vs. 15 months for the previous gen of SaaS startups — New data from payments group Stripe suggest artificial intelligence groups are making revenues at an unprecedented rate
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| Joseph Zeballos-Roig / Semafor: |
| Samuel Agini / Financial Times: |
| Aria Alamalhodaei / TechCrunch: |
| Reuters: |
| Kelcee Griffis / Bloomberg: |
| Paul Sawers / TechCrunch: |
| Thomas Claburn / The Register: |