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May 28, 2024, 12:10 PM
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Cade Metz / New York Times:
OpenAI creates a Safety and Security Committee to explore AI risks and begins training its new flagship AI model, which won't arrive for at least nine months  —  The advanced A.I. system would succeed GPT-4, which powers ChatGPT.  The company has also created a new safety committee to address A.I.'s risks.
xAI:
xAI raised a $6B Series B from Valor, Vy Capital, a16z, Sequoia, Saudi Arabia's Kingdom Holding, and others, Elon Musk says at an $18B pre-money valuation  —  xAI is pleased to announce our series B funding round of $6 billion.  —  xAI is pleased to announce...
Axios:
Elon Musk says all of the $6B in xAI's Series B is new money, rather than shares “given” to investors in his Twitter takeover; some investors also backed OpenAI
Shaurya Malwa / CoinDesk:
Defunct bitcoin exchange Mt. Gox, which collapsed in 2014, moves 140K+ bitcoin, worth ~$9B, to an unknown address, likely as part of a plan to repay creditors  —  Nearly 107,000 bitcoin have been moved since early Asian hours on Tuesday, with bitcoin shedding 1.2% on expectations of selling pressure.
Ivan Mehta / TechCrunch:
Google unveils new AI features for Chromebook Plus devices, including Gemini, and says new Chromebook Plus owners will get a free year of Google One AI Premium  —  Google announced new AI-powered features today for its Chromebook Plus line of devices, such as a writing assistant …
Zachary Small / New York Times:
Hacking group RansomHub claims to be behind the cyberattack that hit Christie's and threatens to release sensitive information about the auction house's clients  —  The hacking group RansomHub is threatening to release “sensitive personal information” about the auction house's clients.
CNBC:
T-Mobile plans to acquire most of UScellular, including stores, some of the wireless operator's spectrum, and its customers, in a $4.4B deal, including $2B debt  —  Shares of U.S. Cellular popped nearly 6% Tuesday after T-Mobile announced that it plans to acquire most of the company …
Yuan Gao / Bloomberg:
Chinese government data: foreign-branded smartphone shipments, most of which are iPhones, rose 52% YoY to ~3.5M in April, after stabilizing in March 2024  —  - Official data for April showed Chinese mobile demand returning  — The iPhone's bad start to the year prompted retail price cuts
Washington Post:
A look at “prebunking”, or exposing people to low doses of misinformation with explanations to grow “mental antibodies” to disinformation, ahead of US elections  —  Election officials around the world are adopting “prebunking” campaigns, as AI and other threats jeopardize voting.
Ingrid Lunden / TechCrunch:
Private equity firm Bridgepoint buys a majority stake in LumApps, used by ~700 organizations to build and provision comms and workforce apps, in a $650M deal  —  Big news today for LumApps, the French startup that describes itself as an “intranet superapp” with a platform for building …
More: LumApps

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This is a Techmeme archive page. It shows how the site appeared at 12:10 PM ET, May 28, 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

Brian Stelter / CNN:
In a letter to Bob Iger, incoming FCC Chair Brendan Carr raised concerns about ABC's negotiations with its affiliated stations, public trust in media, and more

Todd Spangler / Variety:
Fubo says TelevisaUnivision has pulled its networks from Fubo and that TelevisaUnivision offered terms “that would increase prices by 25%” for Fubo subscribers

Cecilia D'Anastasio / Bloomberg:
Riot Games says it spent $250M on an unusual deal to finance two seasons of League of Legends show Arcane on Netflix; sources: there was no plan to recoup costs

More News

John Koblin / New York Times:
A look at the growing importance of ads for video streaming services, as Antenna says that 56% of new subscribers chose the cheaper ad-supported tier in Q1 2024

Earlier Picks

Lulu Garcia-Navarro / New York Times:
Q&A with Netflix's Ted Sarandos on the state of Hollywood, shifting US tastes, programming strategy, ads, corporate activism, YouTube, live events, AI, and more
Reuters:
China set up a new ~$47.5B state-backed investment fund on May 24 as the third and largest phase of its Big Fund to boost the country's semiconductor industry
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