Techmeme
September 14, 2024, 2:30 AM

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 …
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.
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
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.
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 …
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 …
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 …
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.
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%  —  Shares of Trump Media shot up Friday, minutes after majority owner Donald Trump said he has no plans to sell his stake.
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%  —  ChatGPT maker OpenAI has announced its next major product release: A generative AI model code-named Strawberry, officially called OpenAI o1.
Simon Willison / Simon Willison's Weblog:

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Earlier Picks

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CNBC:
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