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August 20, 2024, 6:20 PM
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| Wall Street Journal: |
PitchBook: seven banks' ~$13B loans to Elon Musk to buy X have been “hung” for two years, weighing on balance sheets, the worst buyout for banks since 2008-2009 — Loans of around $13 billion have remained ‘hung’ for nearly two years, bringing in interest payments but weighing on banks' balance sheets
More: Fast Company, Fortune, Business Insider, Lawyers, Guns & Money, The Daily Beast, New Republic, Newser, Werd I/O, and Pharyngula
X: @pkafka, @carlquintanilla, @obrien, @rhaplord, @thatjakepc, @tom_peters, @jsrailton, @jsrailton, @carnage4life, @internethippo, @dancow, and @panasonicdx4500. LinkedIn: Emil Protalinski
Forums: r/EnoughMuskSpam, r/finance, and r/LeopardsAteMyFace
| OpenAI: |
OpenAI launches fine-tuning for GPT-4o, which lets developers customize a version of the model with their own datasets to improve domain-specific performance — Fine-tune custom versions of GPT-4o to increase performance and accuracy for your applications — Today, we're launching fine-tuning …
More: PYMNTS.com, VentureBeat, SiliconANGLE, Business Standard, Inc.com, Neowin, CoinGape, and Constellation Research
| Erin Woo / The Information: |
Investor letter: Ryan Breslow is returning as CEO of Bolt, which is finalizing a $450M Series F, with $250M of it as marketing credits, at a $14B valuation — As startup founder comebacks go, this may rank as one of the most remarkable. — Bolt founder Ryan Breslow is returning as CEO …
More: San Francisco Business Times and Crunchbase News
X: @ericnewcomer, @jessicalessin, @jessicalessin, @anothercohen, @_iainmartin, @gergelyorosz, @ericnewcomer, @erinkwoo, @amir, @pitdesi, and @jessicalessin. LinkedIn: Kelly Goetsch
| Kirsten Korosec / TechCrunch: |
Waymo co-CEO Tekedra Mawakana says Waymo is now giving 100K+ paid robotaxi rides every week in LA, San Francisco, and Phoenix, a few months after passing 50K+ — Waymo disclosed Tuesday it's now giving more than 100,000 paid robotaxi rides every week across its three main commercial markets in Los Angeles, San Francisco, and Phoenix.
More: The Robot Report, Quartz, Reuters, Forbes, CNBC, Fortune, Benzinga, Silicon Republic, The Last Driver License Holder, Understanding AI, and The Verge
X: @techtekedra, @brianwilt, @binarybits, @lexnfx, @saswat101, and @alexroy144
Forums: r/waymo and r/SelfDrivingCars
| CNBC: |
More: Waymo, NBC News, Forbes, TechCrunch, CNET, SiliconANGLE, The San Francisco Standard, Engadget, PCMag, and Tech Startups
| Zack Whittaker / TechCrunch: |
Flight tracking site FlightAware, which claims 10M+ monthly users, reports a breach dating back to January 2021 that exposed names, SSNs, addresses, and more — Flight tracking site FlightAware has blamed a “configuration error” for exposing a raft of personal information of its customers …
More: TechRadar, Constella Intelligence, SC Media, The Register, CNET, How-To Geek, and BleepingComputer
Mastodon: @mral@mastodon.sdf.org and @avoidthehack@infosec.exchange
Bluesky: @nameshiv.bsky.social, @amyhoy.bsky.social, and @tylerking.bsky.social
| Kate Knibbs / Wired: |
Condé Nast makes a multiyear deal with OpenAI, letting ChatGPT and SearchGPT surface stories from The New Yorker, Vogue, Vanity Fair, Bon Appetit, and Wired — The media company joins The Atlantic, Axel Springer, Vox Media, and a host of other publishers who have partnered with OpenAI.
More: The Guardian, VentureBeat, Engadget, TechCrunch, The Hill, Axios, Neowin, Cryptopolitan, The Wrap, The Verge, Bloomberg, CNBC, Variety, and The Hollywood Reporter
| Tom Warren / The Verge: |
Microsoft launches a single unified Teams app that allows switching between work, personal, and education accounts on Windows and Mac — Microsoft is finally launching a single unified Microsoft Teams app that will allow you to switch between personal and work accounts.
More: Microsoft Tech Community, How-To Geek, PCWorld, iTnews, BleepingComputer, Windows Central, ZDNET, Neowin, Thurrott, Petri IT Knowledgebase, XDA Developers, Macworld, Windows Blog, and Windows Report. LinkedIn: Amit Fulay
| Blake Brittain / Reuters: |
Writers and journalists Andrea Bartz, Charles Graeber, and Kirk Johnson sue Anthropic for misusing “hundreds of thousands of copyrighted books” to train Claude — Artificial intelligence company Anthropic has been hit with a class-action lawsuit in California federal court … | Daniel Tencer / Music Business Worldwide: |
The AGs of 10 states join the US DOJ's antitrust lawsuit seeking to break up Live Nation and Ticketmaster; 39 states, plus DC, are now part of the lawsuit — The attorneys general of 10 states have joined the US Department of Justice (DoJ)'s antitrust lawsuit seeking to break off Live Nation … | Jay Peters / The Verge: |
In a Reddit AMA, CEO Patrick Spence said Sonos won't rerelease its old app, after testing showed that doing so “would make the problems worse, not better” — If you want the old Sonos app back, it's not coming. In a Reddit AMA response posted Tuesday, Sonos CEO Spence says that he was hopeful … | Bloomberg: |
Chinese-made, Tencent-backed game Black Myth: Wukong became Steam's second most popular title ever within hours of its launch, gaining 2.1M+ concurrent players — - The made-in-China blockbuster surpasses Cyberpunk play record — Monkey King epic on track to set records for concurrent gamers
More: SteamDB, NVIDIA, Game World Observer, Engadget, Eurogamer.net, IGN, Game Developer, New York Times, iPhone in Canada Blog, Notebookcheck, GameSpot, Screen Rant, Polygon, PC Gamer, Gameranx, Neowin, HotHardware, Destructoid, KitGuru, Digital Trends, Game Rant, IGN, Reuters, TechNode, Video Games Chronicle, Fortune, PC Games Insider, Press Start, GamingBolt, GamesIndustry.biz, and DSOGaming
X: @simoncarless, @grummz, @mightykeef, @plasmidsouls, @tomwarren, @byjoshye, @blackmythgame, @tomwarren, @mangalawyer, @proddirhenry, @germanstrands, @mangalawyer, and @dino_ying. Forums: r/KotakuInAction
| Sankalp Phartiyal / Bloomberg: |
Sources: Apple plans to make the most expensive iPhone models in India for the first time, as Foxconn rushes to produce iPhone 16 Pro and 16 Pro Max in India — - Plan shows Apple making further progress with India assembly — Company is shifting output to India to diversify beyond China
More: Daily Mail, GSMArena.com, iPhone in Canada Blog, Neowin, The Economic Times, 9to5Mac, The Tech Basic, Apple Must, Philip Elmer‑DeWitt, Mashable, Gizchina.com, TechRadar, iClarified, Cult of Mac, iMore, PhoneArena, MacRumors, Livemint, AppleInsider, Inc42 Media, The Week, NewsBytes, Business Standard, ANI News, Hindustan Times, and The Hindu
Forums: r/apple and MacRumors Forums
| Daniel Wiessner / Reuters: |
A US district judge in Texas strikes down the FTC's ban on worker noncompete agreements, due to start September 4, after her temporary block of the rule in July — A federal judge in Texas on Tuesday barred a U.S. Federal Trade Commission rule from taking effect that would ban agreements commonly signed … Sponsor Posts
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Mastodon: @mihamarkic@mastodon.social and @screaminggoat@infosec …. X: @talossecurity. Forums: r/apple
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Forums: r/NVDA_Stock, r/Amd, r/AMD_Stock, and r/wallstreetbets