| Washington Post: |
Grokipedia, a Grok-based encyclopedia, launches with 885K+ articles, drawing from Wikipedia content; Elon Musk called it “a massive improvement” over Wikipedia — The right-leaning tech magnate is touting his own online encyclopedia as an unbiased alternative, but it went down after about an hour.| Jay Peters / The Verge: |
| Bloomberg: |
Amazon says it will cut ~14,000 jobs from its corporate workforce, after cutting 27,000 across 2022 and 2023; the company had 1.55M employees globally in June — Amazon.com Inc. plans to eliminate roughly 14,000 corporate jobs just months after Chief Executive Officer Andy Jassy warned that AI will shrink the company's workforce.| Jess Weatherbed / The Verge: |
At its Adobe Max event, Adobe unveils AI tools for Photoshop, Premiere Pro, and Lightroom, and says Firefly Image 5 can generate images in native 4MP resolution — Adobe's Creative Cloud and Firefly apps are adding new ways to do labor-intensive photo and video editing tasks for you.| Kayla Cobb / The Wrap: |
Adobe partners with YouTube to offer a Create for YouTube Shorts feature in the Premiere mobile app, letting creators instantly publish video, launching soon — The “Create for YouTube Shorts” option will be coming to the Premiere mobile app and will be available on YouTube| Jacob Roach / Wired: |
| OpenAI: |
OpenAI estimates ~0.07% of ChatGPT's weekly active users “indicate possible signs of mental health emergencies” like mania, and details its safety improvements — We worked with more than 170 mental health experts to help ChatGPT more reliably recognize signs of distress … | Steven Adler / New York Times: |
An ex-OpenAI staffer of four years says it isn't doing enough to protect users, especially those with mental health issues, and needs to offer more than words — I've read more smut at work than you can possibly imagine, all of it while working at OpenAI. — Back in the spring of 2021 … | Hugh Son / CNBC: |
PayPal CEO Alex Chriss says the company signed a deal with OpenAI to let shoppers use PayPal's digital wallet in ChatGPT to pay for items, starting in 2026 — PayPal has signed a deal with OpenAI to have its digital wallet embedded into ChatGPT so users can pay for items found through … | Asa Fitch / Wall Street Journal: |
A look at Anthropic's success in corporate AI, which makes up ~80% of its revenue; a July report put its enterprise API market share at 32%, above OpenAI's 25% — Anthropic, backed by Amazon and Google, is focusing on corporate customers rather than the mass market| Webb Wright / ZDNET: |
| Jonathan Stempel / Reuters: |
A US judge decertifies a class action that accused Apple of monopolizing the market for iPhone apps, citing errors in the plaintiffs' damages model — - Judge reverses February 2024 class certification — Apple monopolization said to result in higher prices — Disappointed plaintiffs to review next steps, lawyer says| CNBC: |
Appfigures: between September 30 and October 18, OpenAI's Sora had 2.6M iOS downloads, above the Meta AI app, which had 1.1M; Sora is iOS- and invite-only — Meta's AI app has seen a major jolt in downloads since launching its Vibes feed of AI-generated videos, giving investors a glimpse … | Natalie Kainz / NBC News: |
An analysis of 30+ US data center proposals in 14 states: in most cases, local officials signed NDAs and worked with apparent shell companies to hide details — Big Tech companies use secrecy agreements with local governments to keep communities from knowing who is building in their backyards.| Faseeh Mangi / Bloomberg: |
Stablecoin startup ZAR raised $12.9M led by a16z to test USD-backed coins for Pakistan, which the World Bank estimates has the third-largest unbanked population — Andreessen Horowitz is leading funding for a year-old startup that seeks to popularize the use of stablecoins through neighborhood stores … | Emma Roth / The Verge: |
After AWS's major outage, Signal's Meredith Whittaker says there “isn't really another choice” but to use AWS and “the entire stack” is “owned by 3-4 players” — Meredith Whittaker is using the AWS outage as an opportunity to highlight the 'concentration … | Financial Times: |
Visible Alpha: Apple's Services unit revenue is set to hit $108.6B in the year to September, its first time above $100B and up 13% YoY, ahead of its Q4 results — Tech giant's high-margin unit has doubled in size over the past five years — Apple is set to top $100bn in annual revenues … | Vallari Srivastava / Reuters: |
NextEra Energy and Google sign a 25-year power supply deal, which includes restarting the 615MW Duane Arnold nuclear plant in Iowa, shut down in 2020 — U.S. utility NextEra Energy (NEE.N) and Alphabet's (GOOGL.O) Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.| Michael J. de la Merced / New York Times: |
Livestream marketplace Whatnot raised $225M at an $11.5B valuation, after raising $265M at a $4.97B valuation in January, taking its total funding to $968M — The start-up is among the biggest names in a fast-growing part of e-commerce that is effectively a kind of QVC for the TikTok era.| Belle Lin / Wall Street Journal: |
Fireworks AI, which helps developers access AI chips and models, raised a $254M Series C at a $4B valuation, split into a $230M primary and $24M secondary round — The company raises $254 million to further develop its artificial intelligence cloud infrastructure, its CEO says| Vallari Srivastava / Reuters: |
Chegg plans to cut 388 roles, or about 45% of its workforce, citing the “new realities of AI”, and says Executive Chairman Dan Rosensweig is returning as CEO — Educational technology company Chegg (CHGG.N) said on Monday it would cut 388 roles globally, or about 45% of the workforce … | Jagmeet Singh / TechCrunch: |
OpenAI offers its cheaper ChatGPT Go plan for free for one year to users in India starting November 4, but did not say how long the offer would remain available — OpenAI is offering its ChatGPT Go plan available free of charge for one year to users in India who sign up during … | Juby Babu / Reuters: |
NXP reports Q3 revenue down 2% YoY to $3.17B, vs. $3.16B est., automotive revenue flat YoY to $1.83B, and expects above estimates Q4 revenue of $3.20B to $3.40B — NXP Semiconductors NV (NXPI.O) forecast fourth-quarter revenue above Wall Street estimates on Monday, as it recovers … | Reuters: |
| Agence France-Presse: |
Meta and TikTok say they will comply with Australia's under-16 social media ban, taking effect on December 10, but warn the landmark law may be hard to enforce — Tech giants Meta and TikTok said Tuesday they will obey Australia's under-16 social media ban but warned the landmark laws could prove difficult to enforce.
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Why the AI era demands better internships — Tech is reinventing the workforce. But is it really AI, or the people behind it? Think of it like a hamster who got tired of running in its wheel, so it automated the wheel.
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| Jez Corden / Windows Central: |
| MiniMax: |
| Dion Lim / CEO Dinner Insights: |
| Marcus Mendes / 9to5Mac: |
| Reuters: |
| Kif Leswing / CNBC: |