Techmeme
September 30, 2024, 4:45 AM

Top News

Wall Street Journal:
California Governor Gavin Newsom vetoes AI safety bill SB 1047, saying it applies only to large AI models and doesn't account for if deployment is high risk  —  Governor seeks more encompassing rules than the bill opposed by OpenAI, Meta and supported by research scientists
More: The Verge, Governor of California, TechCrunch, Axios, New York Times, Bloomberg, BBC, Cybernews.com, Fox News, Politico, Blockonomi, Senator Scott Wiener, The Crypto Times, Bitcoin Insider, Cryptopolitan, Business Insider, The Guardian, CBS News, InfoRiskToday.com, Yahoo Lifestyle, Digital Music News, Cointelegraph, NPR, Mercury News, The San Francisco Standard, Pluribus News, Advocacy, The Information, The Hill, Barron's Online, San Francisco Chronicle, Reuters, Los Angeles Times, SiliconANGLE, Transformer, PYMNTS.com, Techstrong.ai, Engadget, Benzinga, The Hollywood Reporter, Default, Marginal REVOLUTION, and Vox
Threads: @benedictevans and @karaswisherMastodon: @carnage4life@mas.to
Wall Street Journal:
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B  —  Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week  —  Apple is no longer in talks to participate in an OpenAI funding round expected …
New York Times:
Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024  —  As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
New York Times:
Mark Gurman / Bloomberg:
Sources: Apple considers options for its headsets, including moving compute to iPhone, and is working on homeOS; Masimo's new CEO could enable a deal with Apple  —  Meta's latest AR glasses and cheaper mixed-reality headset add pressure on Apple to make its Vision push work.
Jonathan Moens / New York Times:
CA Governor Newsom signs the California Neurorights Act into law that treats “neural data” as personal sensitive info, aiming to protect brain data from misuse  —  The state extended its current personal privacy law to include the neural data increasingly coveted by technology companies.
Jem Aswad / Variety:
YouTube blocks songs by Adele, Bob Dylan, Green Day, and others in the US, after its music licensing agreement with performing rights organization SESAC expired  —  Songs by Adele, Bob Dylan, Green Day, R.E.M., Burna Boy, Rush and many others are currently unplayable on YouTube in the U.S. due …
Lucas Shaw / Bloomberg:
Antenna: Netflix cancellations spiked for a few days in late July 2024 after Reed Hastings endorsed Kamala Harris and announced a $7M super PAC donation  —  Rate of cancellations almost tripled after Trump backers called for action against the streaming service.  —  Say goodbye to another tough week in Hollywood.
More: Benzinga
Alex Perry / Bloomberg:
Mark Zuckerberg's personal wealth has climbed almost sixfold to $200B+ in less than two years, buoyed by Meta's record-high share price, which is up 60%+ YTD  —  - Meta CEO's wealth has jumped sixfold in the past two years  — Shares of Meta are trading near record high, up 60% this year
Ricardo Brito / Reuters:
Court documents: Brazil's Supreme Court says X still needs to pay $5M+ in pending fines, including a new one, before being allowed to resume service in Brazil  —  Brazil's Supreme Court said on Friday that social platform X still needs to pay just over $5 million in pending fines …

Sponsor Posts

Google:
Gemini 2.5 Pro: Our most intelligent AI model  —  Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy.  Try it at no cost in the Gemini app.
UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future  —  Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
Zoho:
Leveraging design tool extensions in Cliq: A designer's guide to Figma, Lucidchart, and Miro  —  Picture this: you're deep in a pixel-perfect Figma mock-up, bouncing between chats and emails, when someone pings you for feedback on a Lucidchart workflow.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

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Earlier Picks

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Bloomberg:
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