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October 18, 2024, 2:10 PM
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Top News

New York Times:
Sources describe OpenAI and Microsoft's fraying relationship, OpenAI renegotiating its deal for more computing power, Microsoft's own LLM efforts, and more  —  The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.
Wall Street Journal:
Sources: Microsoft and OpenAI are negotiating how much equity Microsoft gets when OpenAI becomes a for-profit company, for which OpenAI has two years  —  The two companies have hired investment banks to help negotiate how much equity Microsoft gets when OpenAI becomes a for-profit company
Mia Sato / The Verge:
Bluesky says it added 500K new users in a day this week after X announced plans for controversial changes, including basically getting rid of the block feature  —  A handful of changes coming to X may be pushing users to its competitor.  Bluesky, the decentralized social platform, says it added 500,000 new users in a day this week.
Nate Raymond / Reuters:
X updates its ToS to steer any disputes by users to the US District Court for the Northern District of Texas, whose judges often favor conservative litigants  —  Elon Musk's X has updated its terms of service to steer any disputes by users of the social media platform formerly known as Twitter …
Sarah Perez / TechCrunch:
X updates its Privacy Policy to allow third-party “collaborators” to train their AI models on X user data, unless the user opts out, effective November 15, 2024
Reuters:
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers  —  Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
Todd Feathers / Gizmodo:
The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY  —  The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.
Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market  —  Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
Qianer Liu / The Information:
Sources: the US is probing if TSMC has been making AI or smartphone chips for Huawei in breach of US sanctions, including Huawei buying chips via intermediaries  —  The U.S. Commerce Department is investigating whether Taiwan Semiconductor Manufacturing Co. has been making artificial intelligence …
Patrick Van Oosterom / Bloomberg:
Netherlands unveils new rules requiring an export permit to sell quantum computers, quantum measurement equipment and chipmaking tech, and more outside the EU  —  - Measure taking effect Dec. 1 includes chipmaking processes  — Cabinet took step for national security reasons, minister says
Reuters:
Netflix gained 5.1M new subscribers in Q3, vs. 4M est., and says more than 50% of signups were for its ad-supported tier in countries where it was available  —  Netflix (NFLX.O) picked up 5.1 million streaming subscribers in the third quarter, topping Wall Street estimates by more than 1 million …
Sarah Whitten / CNBC:
Netflix reports Q3 revenue up 15% YoY to $9.83B, vs. $9.76B est., paid memberships up 14% to 282.72M, vs. 282.15M est., and net income of $2.4B; NFLX jumps 7%+

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:10 PM ET, October 18, 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

Todd Spangler / Variety:
A judge approves Paramount's settlement with 12 state AGs who tried to block its WBD deal, and Paramount tentatively sets October 6 to close the acquisition

Los Angeles Times:
California Governor Gavin Newsom signs a bill that creates refundable tax credits for local news outlets based on the number of journalists they employ

Alex Weprin / The Hollywood Reporter:
Condé Nast CEO Roger Lynch is stepping down after 7.5 years to become the CEO and chairman of Mattel; lead independent director Mike Perlis will be interim CEO

More News

Akash Sriram / Reuters:
NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash
Will Shanklin / Engadget:
The FCC issues new rules that will require all mobile phones sold in the US to be compatible with hearing aids, “after a transition period”

Earlier Picks

Forbes:
Sources: Stripe is in talks to acquire startup Bridge, a provider of infrastructure for crypto stablecoins, for $1B; Bridge raised $58M
Kali Hays / Fortune:
Sources: Meta laid off ~100 people, at least the third such incremental layoff at Meta in 2024, separate from those let go for improper use of Grubhub credits
Rich Woods / XDA Developers:
Qualcomm cancels the Snapdragon Dev Kit, which was supposed to ship in June, and will offer refunds, as the product failed to meet its “standards of excellence”
Ina Fried / Axios:
Sam Altman's Worldcoin rebrands as World, unveils a new Orb powered by Nvidia's Jetson chipset, plans to integrate its ID verification into other software, more
Miles Kruppa / Wall Street Journal:
Prabhakar Raghavan will leave his role overseeing Google search and ads products, to be replaced by Nick Fox; Raghavan will become Chief Technologist
Jagmeet Singh / TechCrunch:
Google adds an option for NotebookLM users to customize audio summaries, launches a NotebookLM Business pilot, and says 80K+ organizations use the tool
Sarah Wynn / The Block:
The FBI charges Alabama man Eric Council Jr. with hacking the SEC's X account on January 9, 2024 to post a fake announcement about approving spot bitcoin ETFs
Sarah Perez / TechCrunch:
On Apple Pay's 10th anniversary, Apple adds support for Klarna in the US and UK and plans to expand installment loan options and add reward redemptions
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