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Techmeme
June 26, 2023, 3:50 PM
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Top News

Wall Street Journal:
Databricks plans to acquire generative AI startup MosaicML in a ~$1.3B deal set to close by July 31; MosaicML debuted in 2021, raised $64M, and has 62 employees  —  The deal aims at connecting businesses' data with services to help them build their own, cheaper language models, Databricks CEO says
James Vincent / The Verge:
AI is killing the web with spam sites, article-churning “AI editors”, “AI-generated junk” in places like Etsy and Reddit, exhausting forum moderators, and more  —  In recent months, the signs and portents have been accumulating with increasing speed.  Google is trying to kill the 10 blue links.
Nina Jankowicz / The Atlantic:
While there are effective laws outlawing the sharing of nonconsensual deepfake porn in some states, such as Virginia and California, the US needs a federal law
Will Knight / Wired:
DeepMind co-founder and CEO Demis Hassabis details Gemini, an upcoming ChatGPT rival meant to combine the strengths of AlphaGo-type systems and those of LLMs  —  Demis Hassabis says the company is working on a system called Gemini that will tap techniques that helped AlphaGo defeat a Go champion in 2016.
Brian Fung / CNN:
A breakdown of how much each US state will get in the $42.5B broadband infrastructure plan; Texas leads with $3.3B+, followed by California with $1.8B+  —  The Biden administration on Monday outlined how states across the country will be receiving billions of dollars in federal funding …
The Verge:
A survey of 2,000+ US adults finds 57% know of ChatGPT, 46% for Bing Chat, 45% for My AI, and 38% for Bard; only ~33% have used the tools, with Gen Z dominating  —  We polled 2,000 people about how they're using AI, what they want it to do, and what scares them about it the most.
Jay Peters / The Verge:
Meta announces Quest+, a VR subscription service that gives Quest 2, Quest 3, and Quest Pro users access to two games every month for $7.99/month or $59.99/year  —  Meta CEO Mark Zuckerberg just announced Quest Plus, the company's new “virtual reality subscription” that gives users access to “the best titles on the platform,” he said.
Jesse Hamilton / CoinDesk:
FTX bankruptcy team says the exchange owed customers ~$8.7B after commingling and misusing their deposits, and ~$7B in liquid assets have been recovered so far  —  Commingling and misuse of customer and corporate funds occurred from the inception of FTX, says current CEO John J. Ray III.
Allison Johnson / The Verge:
Google Pixel Fold review: nice landscape mode for videos and usable outer display, but it's heavy, may not be durable, has limited multitasking, and is pricey  —  If you buy something from a Verge link, Vox Media may earn a commission.  See our ethics statement.  —  The Google Pixel Fold is a lot of phone.
Yuval Mann / Ynetnews:
An interview with early Waze investors Yahal Zilka and Ehud Levy on why they invested, the impact of Google's acquisition on Israel's tech industry, and more  —  The disregard for map companies, the dilemma between BlackBerry and iPhone, the indifference on the part of Tim Cook …

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This is a Techmeme archive page. It shows how the site appeared at 3:50 PM ET, June 26, 2023.

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

Wall Street Journal:
WBD adds Anton Levy, former co-president of PE firm General Atlantic, to its board, a source says due to pressure from activist shareholder Sessa Capital

Max Goldbart / Deadline:
The BBC says its content spend will fall by £150M to £2.5B in the next 12 months as it faces an “unprecedented content funding challenge”

Megan Graham / Wall Street Journal:
Yahoo hires Josh Line, who was most recently Paramount Global's chief brand officer, as its CMO to revive its brand as “one of the OGs of the internet”

More News

Financial Times:
A profile of South Korean engineer Choi Jin-seok, who set out to become a star in China's chip industry after his career stalled and now faces IP theft charges
Hope King / Axios:
Amazon plans to build a local delivery network in 23 states by recruiting thousands of small US businesses, from bodegas to florists, to deliver its packages
Ingrid Lunden / TechCrunch:
IBM plans to acquire Apptio for $4.6B in cash from Vista Equity Partners, which paid $1.94B to take the cloud IT management startup private in November 2018

Earlier Picks

Phoebe Liu / Forbes:
A profile of Christina Cacioppo, the co-founder and CEO of data security compliance startup Vanta, which has an ~$80M ARR, a $1.6B valuation, and raised $203M
New York Times:
As the use of AI-generated ads in political campaigns increases globally, consultants, election researchers, and lawmakers push for setting up new guardrails
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