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September 14, 2024, 4:05 AM
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Top News

Reuters:
Sources: OpenAI's $150B valuation in a $6.5B funding round hinges on whether the company can upend its corporate structure and remove a profit cap for investors  —  OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter …
Leah Nylen / Bloomberg:
Google ad trial: an ex-Facebook ad exec testifies the company signed the 2018 Jedi Blue deal with Google because it couldn't compete against Google's “monopoly”  —  - Employees concluded ad tech ‘monopoly’ hurt competition  — The social network eventually signed an agreement with Google
Naomi Nix / Washington Post:
An EEOC analysis finds women made up 22.6% of US workers in high-tech roles in 2022, similar to the 22% in 2005, even as the number of lucrative jobs has soared  —  Equal Employment Opportunity Commission chair urges companies not to pull back from efforts to promote workplace diversity and inclusion.
Bloomberg:
Sam Bankman-Fried asks for a new trial in an appeal to the 2nd Circuit US Court of Appeals and directly attacks US District Judge Lewis Kaplan for alleged bias  —  Jailed FTX co-founder Sam Bankman-Fried is asking for a new trial, blaming a federal judge for preventing him from mounting a proper defense.
Aditya Kalra / Reuters:
In reports dated August 9, Indian antitrust regulator CCI found that Amazon and Flipkart violated local competition laws by giving preference to select sellers  —  An Indian antitrust investigation has found U.S. e-commerce giant Amazon (AMZN.O) and Walmart's (WMT.N) Flipkart violated local competition laws …
Dan Goodin / Ars Technica:
Doctor Web: malware dubbed Android.Vo1d has infected ~1.3M TV boxes running OSes based on Android Open Source Project in almost 200 countries, forming a botnet  —  Infection corrals devices running AOSP-based firmware into a botnet.  —  Researchers still don't know the cause …
Simon Willison / Simon Willison's Weblog:
OpenAI's o1 models aren't a straightforward upgrade to GPT-4o, as they introduce some major cost and performance trade-offs in exchange for improved “reasoning”  —  OpenAI released two major new preview models today: o1-preview and o1-mini (that mini one is also a preview …
Kyle Wiggers / TechCrunch:
OpenAI claims that in a qualifying exam for the International Mathematics Olympiad, o1 correctly solved 83.3% of the problems, while GPT-4o solved only 13.4%
Daniel Carvalho / Bloomberg:
Brazil lifts the block on the bank accounts of X and Starlink after withdrawing ~$3.3M from the accounts to pay for fines imposed by the Supreme Court  —  - Transfer ends Starlink's banking freeze in the country  — But social-media platform X remains banned by judicial order
Christopher Mims / Wall Street Journal:
Recent announcements from Apple and Google show that AI is most useful as a feature in devices and software we already use, rather than a standalone product  —  Apple and Google are showing how AI is really a feature in other products at this stage  —  AI's boosters have billed it as a technology …
Paul Sawers / TechCrunch:
Meta restarts training its AI systems on UK users' public Facebook and Instagram posts, having “incorporated regulatory feedback” to be “even more transparent”  —  Meta has confirmed that it's restarting efforts to train its AI systems using public Facebook and Instagram posts from its U.K. userbase.
MacKenzie Sigalos / CNBC:
MicroStrategy stock jumped 8%+ on Friday after founder Michael Saylor said it purchased another $1.1B worth of bitcoin, taking its bitcoin holdings to $14.6B  —  MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin.
Jonathan Stempel / Reuters:
Filing: 23andMe will pay $30M to settle a lawsuit for failing to protect the privacy of 6.9M customers whose personal info was exposed in a 2023 data breach  —  23andMe (ME.O) will pay $30 million and provide three years of security monitoring to settle a lawsuit accusing the genetics testing company …
Wall Street Journal:
United Airlines plans to start testing Starlink internet service in early 2025, with the first passenger flights likely equipped with free Wi-Fi later in 2025  —  Airlines see satellites providing faster, more consistent connections  —  Elon Musk may soon provide the Wi-Fi on your United flight.

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From Mediagazer

Sara Fischer / Axios:
How Trump and his allies could go after the media in his second term through harassment campaigns and lawsuits, draining the companies of time, money, and trust

Lili Loofbourow / Washington Post:
A look at Amazon Prime Video's election night show, with former NBC News anchor Brian Williams, a wide array of news team members and guests, and a surreal set

Christopher Palmeri / Bloomberg:
US filing: Paramount Global talked to WBD about a merger for months before giving up after receiving no offer; Paramount held talks with at least 12 bidders

More News

Menaka Doshi / Bloomberg:
India's new M&A rule for deals exceeding ~$240M could create hurdles for startups that hope to be acquired in their early years to access funding and scale
CNBC:
Trump says he has “absolutely no intention” of selling his Trump Media stock when the lockup period expires; DJT initially popped 25%+, then closed up about 12%
Shubham Sharma / VentureBeat:
Google debuts DataGemma models that use real world data from Google-created Data Commons to reduce hallucinations in queries revolving around statistical data

Earlier Picks

Financial Times:
Sources paint a bleak picture for startup founders in China; IT Juzi report: only 1,202 startups were founded in the country in 2023 compared to 51,302 in 2018
Andrew J. Hawkins / The Verge:
Waymo and Uber plan to expand their two-year partnership in Phoenix to Austin and Atlanta, where Waymo robotaxis can be hailed only on Uber's app, in early 2025
CNBC:
The White House plans to curb the “overuse and abuse” of the de minimis loophole used by Shein and Temu, which exempts packages worth $800 or less from tariffs
Steven Levy / Wired:
A profile of Fei-Fei Li's World Labs, which aims to create “spatial intelligence” in AI and has raised $230M from a16z and others, reportedly at a $1B valuation
Romain Dillet / TechCrunch:
Apple plans to allow alt app stores and browser engines on iPads in the EU with iPadOS 18 on September 16, after the EU added iPadOS to the DMA in April 2024
Abner Li / 9to5Google:
Google rolls out Gemini Live to free users with Android devices set to English, following its release to Gemini Advanced subscribers last month
Brian Heater / TechCrunch:
The FDA approves the Hearing Aid Feature in Apple's AirPods Pro 2, calling it the “first over-the-counter hearing aid software device”
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