Techmeme
September 21, 2024, 12:20 AM

Top News

Wall Street Journal:
Bloomberg:
Constellation Energy plans to invest $1.6B to revive the Three Mile Island nuclear plant in Pennsylvania and sell all the output to Microsoft for data centers  —  Constellation to invest $1.6 billion to restart dormant reactor as data-center power demand surges.
Jonathan Stempel / Reuters:
Filing: the US SEC says it intends to seek sanctions against Elon Musk for failing to appear for scheduled testimony for a probe into his $44B Twitter takeover  —  The U.S. Securities and Exchange Commission said on Friday it intends to seek sanctions against Elon Musk after he failed to appear …
Timothy B Lee / Understanding AI:
OpenAI's o1 models are dramatically better at reasoning than previous LLMs, but they struggle with spatial reasoning and are far from human-level intelligence  —  It's not easy to stump OpenAI's new o1 models. … You might remember around Thanksgiving last year when news broke about Q* …
Olena Harmash / Reuters:
Ukraine bans the use of Telegram on official devices used by state officials, military personnel, and critical workers over fears of Russian spying  —  Ukraine has banned use of the Telegram messaging app on official devices used by state officials, military personnel and critical workers …
Josh Scott / BetaKit:
Motion, which sells analytics and research tools for creative strategists, raised a $30M Series B led by Inovia Capital, bringing its total funding to $42M  —  Inovia-backed startup's software enables creative strategists to turn data into ad ideas.  —  Toronto-based advertising technology startup Motion …
More: Motion and FinSMEs
FinTech Global:
Akur8, which uses AI to automate the generation of insurance pricing models, raised a $120M Series C led by One Peak, bringing its total raised to $180M  —  Akur8, the machine learning-powered insurance pricing and reserving platform, has announced the closure of a $120m Series C funding round.
Meir Orbach / CTech:
Intezer, which develops AI-powered tools for autonomous security operations, raised a $33M Series C led by Norwest Venture Partners, taking total raised to $60M  —  The startups's Autonomous SOC platform uses AI models to simulate human analysts' decision-making process, effectively functioning as an extension of the security team.
More: Intezer and Intezer

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Earlier Picks

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CNBC:
Cecilia Kang / New York Times: