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October 3, 2024, 12:10 PM
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memeorandum
WeSmirchTop News
| Ina Fried / Axios: |
OpenAI raised $6.6B led by Thrive Capital, the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, and others — - Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.
More: Reuters, Wall Street Journal, Reuters, OpenAI, Ed Zitron's Where's Your Ed At, CNBC, The Information, Windows Central, Tech Monitor, Axios, The Ankler, Computerworld, The Verge, The Information, Business Insider, Barron's Online, PhoneArena, Tech Funding News, Business Insider, Proactive, Bloomberg, SmartCompany, Benzinga, SFist, The Information, iPhone in Canada Blog, PaymentSecurity.io, Maginative, VentureBeat, Forbes, Engadget, GeekWire, The Decoder, Capital Brief, San Francisco Business Times, Deadline, Futurism, Quartz, and TechCrunch
Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @danprimack, @garymarcus, @edzitron, @garymarcus, @jason, @modestproposal1, @edzitron, @elonmusk, @danprimack, @kateclarktweets, @alice_comfy, @coryweinberg, @stephenfleming, @azeem, @peter_atwater, @scobleizer, @andrewcurran_, @amitisinvesting, and @jason
LinkedIn: Emil Protalinski and Matt Kroll
Forums: r/OpenAI, r/mlscaling, and r/singularity
| Hayden Field / CNBC: |
Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.| Richard Waters / Financial Times: |
As Satya Nadella says AI models are becoming “more of a commodity”, OpenAI faces formidable challenges, including burning $5B+ in 2024 and intense competition — Latest funding round has boosted the company's valuation to $150bn, but it faces formidable challenges| Cade Metz / New York Times: |
More: The Guardian, Forbes, Inc.com, Business Insider, Financial Times, Axios, Interesting Engineering, Light Reading, The Mirror, Livemint, Silicon Republic, CCN.com, The Express Tribune, AIM, Coinpedia Fintech News, Business Standard, Al Bawaba, The Decoder, Windows Central, The Rundown AI, ITPro, Hindustan Times, Business Insider, Los Angeles Times, Business Today, Silicon Canals, Shacknews, SiliconANGLE, The Daily Upside, Gizmodo, Tech Startups, Originally Reported …, Washington Post, Neowin, The Times, Wccftech, Mashable, Fortune, Advanced Television, Cointelegraph, PYMNTS.com, Ars Technica, Invezz, Newser, Benzinga, CryptoSlate, Tech Xplore, and Financial Times
Forums: Hacker News and r/artificial
| Joseph Cox / 404 Media: |
Two Harvard students demo using Ray-Ban Meta Smart Glasses, PimEyes, and other tools to instantly identify strangers' names, phone numbers, addresses, and more — The technology, which marries Meta's smart Ray Ban glasses with the facial recognition service Pimeyes and some other tools …
More: The Verge, The Sun, CNET, Ars Technica, Lowpass, TechCrunch, Forbes, Engadget, Futurism, Malwarebytes, Cybernews.com, CryptoGlobe, Daily Mail, TechSpot, WinBuzzer, The Indian Express, Spyglass, Benzinga, Android Headlines, Android Police, Kotaku, Android Authority, How-To Geek, Six Colors, MacRumors, Gizmodo, TechCrunch, and I-XRAY
Threads: @alexheath, @matthewraifman, @jendiagammon, and @jank0
Mastodon: @Theeo123@mastodon.social, @benschwarz@front-end.social, @Jessicascott09@infosec …, @mvsde@mastodon.social, @ErikJonker@mastodon.social, @sawaba@infosec.exchange, @sawaba@infosec.exchange, @codepo8@toot.cafe, and @josephcox@infosec.exchange
Bluesky: @polotek.bsky.social, @ishigh.lol, @jameskelleher.pilcrow.ie, @wolvendamien.bsky.social, @golikehellmachine.com, @vmcntosh.bsky.social, and @napsandsarcasm.bsky.social
| Bill Toulas / BleepingComputer: |
Researchers: hackers are actively exploiting an RCE vulnerability in Zimbra email servers, disclosed on September 27, triggered by emailing the SMTP server — Hackers are actively exploiting a recently disclosed RCE vulnerability in Zimbra email servers that can be triggered simply … | Ivan Mehta / TechCrunch: |
WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of “abuse of power, extortion, and greed” — Web hosting provider WP Engine has filed a lawsuit against Automattic, and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power.| Kyle Wiggers / TechCrunch: |
Black Forest Labs, whose Flux.1 model powers Grok's image generator, launches an API in beta and its latest image generation model Flux1.1 Pro — Black Forest Labs, the Andreessen Horowitz-backed startup behind the image generation model in xAI's Grok assistant, has launched an API in beta — and released a new model.| Nicola M. White / Bloomberg: |
Gurbir Grewal, the US SEC's top enforcement official since 2021, who oversaw 2,400+ enforcement actions and the crypto crackdown, plans to leave on October 11 — - Grewal helped lead WhatsApp probes, crypto industry crackdown — SEC official was previously New Jersey's attorney general
More: US Securities …, CCN.com, Cryptonews, Cryptopolitan, CryptoGlobe, Wall Street Journal, crypto.news, Reuters, Decrypt, Cointelegraph, Blockworks, CoinGape, and CoinDesk. X: @secgov
| Thomas Claburn / The Register: |
Co-founders Tim Berners-Lee and Rosemary Leith plan to close the World Wide Web Foundation after 15 years of fighting to make the web safer and more accessible — Who wants to join his so Solid crew? — After fifteen years of fighting to make the web safer and more accessible, the World Wide Web Foundation is shutting down.
More: World Wide Web Foundation, PCWorld, WinBuzzer, Fortune, TechSpot, Computerworld, and TechRadar
| Victoria Song / The Verge: |
Oura unveils the $349+ Oura Ring 4, featuring a slimmer design, improved accuracy, and more sizes, shipping October 15, and completely redesigns the Oura app — Oura is giving its popular smart ring and app a substantial makeover. The company just announced the $349 Oura Ring 4 …
More: HotHardware, 9to5Google, 9to5Mac, Quartz, iClarified, ZDNET, Engadget, Cybernews.com, Bloomberg, Neowin, Wareable, Android Headlines, MacRumors, The Shortcut, Gadgets & Wearables, TechCrunch, Gizmodo, CNET, WWD, CNBC, Android Police, and Tom's Guide
Forums: r/ouraring and r/ouraring
| Ivan Mehta / TechCrunch: |
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users — Spotify introduced a new feature today called Offline Backup. This feature for premium users is essentially a list of songs …
More: Spotify, Tech Advisor, The Verge, MobileSyrup, Engadget, T3, MakeUseOf, PhoneArena, TechRadar, MSPoweruser, iPhone in Canada Blog, and Mashable
| Allison Johnson / The Verge: |
Google expands conversational AI voice chat Gemini Live's language support to French, German, Portuguese, Hindi, and Spanish, after launching in English — Google initially rolled out Gemini Live, its conversational AI voice chat, in just one language: English.| Paige Smith / Bloomberg: |
PayPal completes its first business payment using its proprietary PYUSD stablecoin, paying an E&Y invoice on September 23 via SAP's digital currency hub — SAP's platform, known as the digital currency hub, allows enterprises to send and receive digital payments instantly, around the clock.| Sarah Perez / TechCrunch: |
YouTube unveils Shorts updates, including letting creators upload three-minute videos, updating the Shorts player, introducing templates, and a new trends page — YouTube on Thursday announced a series of updates for its short-form video product, YouTube Shorts.
More: Engadget, The Verge, and YouTube Official Blog
| Nikhilesh De / CoinDesk: |
The US SEC files a notice of appeal in its Ripple case, seeking to reverse a July 2023 ruling that XRP sales on retail exchanges didn't violate securities rules — A federal judge ruled last year that the SEC had not made its case that Ripple violated securities law by selling XRP to retail customers through exchanges.
More: PYMNTS.com, Blockworks, CNBC, Reuters, Bloomberg, Cointelegraph, ZyCrypto, The Crypto Basic, Inside Bitcoins, Blockonomi, The Crypto Times, CryptoPotato, Coinpedia Fintech News, crypto.news, Coinspeaker, Watcher Guru, Bitcoin Insider, Cryptopolitan, CCN.com, CryptoGlobe, CoinGape, Cryptonews, Unchained, Crypto Briefing, Crypto Adventure, CryptoSlate, Bloomberg, Watcher Guru, Cointelegraph, and Coinspeaker
X: @bgarlinghouse, @s_alderoty, and @freddyriz
| Ingrid Lunden / TechCrunch: |
Barcelona-based Submer, which submerges data center server racks in a proprietary coolant, raised a $55.5M Series C led by M&G at a ~$500M post-money valuation — The race is on for better chips and data center capacity to handle AI workloads, but all that activity comes with a catch.
More: Forbes, The Register, EU-Startups, Tech Funding News, Silicon Canals, and Tech.eu
| Sarah McBride / Bloomberg: |
PitchBook: Q3 US VC investments rose ~8% YoY to $37.9B across 3,777 deals; AI startups got 36% of the deal value and 27% of the deal count from Q1 to Q3 2024 — Artificial intelligence firms received more than one-third of the funds in the third quarter.
More: Cautious Optimism, SiliconANGLE, PitchBook, and PitchBook
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