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August 30, 2024, 7:50 AM
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Top News

Bloomberg:
Sources: Nvidia, Apple, and Microsoft, the three most valuable tech companies, are in talks to join the funding round that would value OpenAI at over $100B  —  - Apple, Microsoft also have been in talks about participating  — Financing would value OpenAI at more than $100 billion
Takashi Mochizuki / Bloomberg:
Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after the strategy yielded few hit games and the Chinese market revived  —  - China's biggest game publishers are rethinking expansion plans  — ‘Wukong’ success also encouraged looking domestically for hits
Bloomberg:
Sources: Intel explores options to cope with historic slump, including a split of its product and foundry units and potentially scrapping some factory projects  —  - Once-dominant chipmaker looks to longtime bankers for help  — Possible moves could include split of product, foundry units
Ina Fried / Axios:
OpenAI says ChatGPT weekly active users doubled since last year to 200M+, 92% of Fortune 500 companies use its tools, and automated API usage doubled since July  —  - Meta said earlier on Thursday adoption of its open source Llama models has also grown sharply.
Leo Schwartz / Fortune:
Bridge, which aims to build a global payment network around stablecoins, raised $40M led by Sequoia and Ribbit, taking its total funding to $58M  —  The crypto industry has long sought a “killer app” to bring digital assets into the mainstream.  Recently, though, some are pointing …
Daniel Carvalho / Bloomberg:
A Brazilian Supreme Court justice blocks Starlink bank accounts in Brazil in a bid to force Elon Musk to pay X's fines; the court has also threatened to block X  —  - Starlink bank accounts blocked to pay for fines on X  — Court threatens to block X for lack of Brazil representative
Maxwell Zeff / TechCrunch:
Google rolls out Gmail Q&A, a feature that allows users who pay for Gemini to chat with and use the AI assistant for their emails, on Android and soon on iOS  —  Gmail users on Android devices can now chat directly with Google's AI assistant, Gemini, about their emails in the Gmail app.
Carl Franzen / VentureBeat:
Alibaba releases Qwen2-VL, a new AI model that it says can analyze videos longer than 20 minutes to summarize and answer questions about the videos' content  —  Alibaba Cloud, the cloud services and storage division of the Chinese e-commerce giant, has announced the release of Qwen2-VL …
More: Qwen.  X: @alibaba_qwen, @altryne, @altryne, and @reach_vb.  Forums: r/LocalLLaMA
Kif Leswing / CNBC:
Dell Q2: revenue up 9% YoY to $25.06B, vs. $24.53B est., servers and networking revenue up 80% to $7.76B, net income up 85% to $841M; DELL rose 3%+ after hours  —  Dell reported quarterly results on Thursday that beat Wall Street expectations, powered by an 80% increase in server sales.
Jay Peters / The Verge:
Meta is opening up Horizon Worlds to users aged 10 to 12 with parental approval, and rolls out a new age rating system for worlds to help parents supervise kids  —  As part of the rollout, parents will have a significant amount of control over what experiences their preteens can access …
Rachel Graf / Bloomberg:
A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”  —  Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk for promoting …
Kyle Wiggers / TechCrunch:
Magic, which makes AI tools for coding and to automate software development tasks, raised $320M from Eric Schmidt and others, bringing its total raised to $465M  —  Magic, an AI startup developing models to generate code and automate a range of software development tasks …
Kyle Wiggers / TechCrunch:
Codeium, which offers enterprise AI coding tools, raised a $150M Series C at a $1.25B post-money valuation, and reports 700K+ users and 1K+ enterprise clients

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From Mediagazer

Dominic Ponsford / Press Gazette:
Jason Cowley, the editor-in-chief of UK magazine the New Statesman, is stepping down from the position at the end of December after 16 years

The New York Times Company:
The New York Times names Dick Stevenson as Washington bureau chief; Stevenson has been at the paper for nearly 40 years and Washington editor since 2021

Ayodeji Rotinwa / Columbia Journalism Review:
A look at the Agora Center for Research, a Ugandan newsroom sitting between activism and investigative reporting, posting its work on various social media sites

More News

Earlier Picks

Katie Paul / Reuters:
Meta says its Llama models were downloaded almost 350M times, are used by AT&T and others, and usage via cloud providers more than doubled from May to July 2024
Zack Whittaker / TechCrunch:
Google says Russia-linked APT29 is using exploits that are “identical or strikingly similar” to those previously made by spyware makers Intellexa and NSO Group
Alex Isenstadt / Politico:
In his upcoming book, Trump says Mark Zuckerberg plotted against him during the 2020 election and he'd “spend the rest of his life in prison” if he did it again
Shirin Ghaffary / Bloomberg:
The US says OpenAI and Anthropic agreed to give the US AI Safety Institute early access to major new AI models to test and evaluate their capabilities and risks
Nico Grant / New York Times:
Yelp sues Google, alleging Google abused its dominance in general search to gain an unfair advantage in the local search and local search advertising markets
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