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September 28, 2024, 12:20 PM
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| 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.
More: 9to5Mac, TechCrunch, CNBC, TechRadar, Marcus on AI, The Decoder, Neowin, Benzinga, The Information, Engadget, and Proactive
Threads: @gruber, @paul_rietschka, @kalihays1, and @benedictevans
X: @annmlipton, @jason_kint, @jason_kint, @garymarcus, @grady_booch, @ccm_brett, @modestproposal1, @modestproposal1, @amir, @mikeisaac, @zerohedge, @modestproposal1, @eringriffith, and @mikeisaac
Forums: r/Economics and r/singularity
| New York Times: |
Sources: TSMC's execs took to calling Sam Altman a “podcasting bro” after he said it would take $7T and many years to build 36 chip plants to fulfill his vision — Sam Altman, OpenAI's chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials …
More: Tom's Hardware, TechSpot, The Atlantic, Fortune, Windows Central, and Digital Trends
Mastodon: @LilahTovMoon@tech.lgbt and @jalefkowit@vmst.io
Bluesky: @fluxandflow.bsky.social and @lifewinning.com
Forums: Hacker News, r/singularity, and r/OpenAI
| 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 … | Reuters: |
Sources: OpenAI expects its revenue to grow to $11.6B in 2025; ChatGPT has 10M paying users and could bring in $2.7B in revenue in 2024, up from $700M in 2023 — Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener …
X: @cathiedwood and @manan
| Bill Toulas / BleepingComputer: |
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker's Stash marketplace — The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services …
More: U.S. Department …, U.S. Department of State, Krebs on Security, US Department of Justice, PCMag, Flashpoint, Cryptopolitan, Coinpedia Fintech News, SecurityWeek, Blockonomi, Bitcoin Insider, crypto.news, Cryptonews, and Decrypt
X: @edvanews, @usattyaber, @stateinl, @secretservice, @mopeng, @darkwebinformer, @vxdb, and @secretservice
LinkedIn: Lance Morginn and Brian Krebs
| Abner Li / 9to5Google: |
Google rolls out Gemini-powered contextual Smart Replies, which analyzes the context of an email and suggests a detailed reply, in Gmail for paid users — Following the announcement at I/O 2024, Google is now rolling out Contextual Smart Replies to Gmail for Android and iOS.
More: Google Workspace Updates, The Tech Basic, Maginative, ZDNET, Droid Life, Wccftech, Android Headlines, Android Authority, PCMag, MobileSyrup, Engadget, Phandroid, TechRadar, Tom's Guide, Hindustan Times, The Verge, Android Police, Business Standard, and PhoneArena
Bluesky: @guythe3pointone4.bsky.social and @scottsd.bsky.social
| Kate Knibbs / Wired: |
A profile of Internet Archive founder Brewster Kahle, as the service fights existential battles over copyright, including from music labels like UMG — The web's collective memory is stored in the servers of the Internet Archive. Legal battles threaten to wipe it all away.
Threads: @wired. Mastodon: @Jayhoffmann@mastodon.social. X: @knibbs and @knibbs
Forums: r/books, r/DataHoarder, and r/technology
| Nikhilesh De / CoinDesk: |
Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement — Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.| Toby Sterling / Reuters: |
SEMI: China is projected to invest $100B+ on chipmaking equipment from 2025 to 2027, followed by South Korea at $81B, Taiwan at $75B, and the Americas at $63B — Semiconductor manufacturers will spend a record $400 billion on computer chip-making equipment in 2025-2027 … | Emma Roth / The Verge: |
Steam changes its subscriber agreement, removing its forced arbitration policy and allowing gamers to take legal action against its parent company Valve — Steam just removed its forced arbitration policy, opening the door for lawsuits against its parent company, Valve.
More: PCMag, 404 Media, PC Gamer, Steam Community, Wccftech, Polygon, Ars Technica, Engadget, GamingOnLinux, Digital Trends, and Eurogamer.net
Mastodon: @Skirmisher@snoot.tube. X: @steamdb, @rockleesmile, @seannessytv, @wickedplayer494, @protox0, @wickedplayer494, @jason_koebler, @codenamegamma, and @florian4gamers. Forums: Slashdot
| Tom Warren / The Verge: |
Microsoft details how it has overhauled its controversial AI-powered Recall feature, including making it opt-in and giving users an option to uninstall — In response to security concerns, Microsoft is detailing how it has overhauled its controversial AI-powered Recall feature …
More: Windows Experience Blog, BBC, Windows Central, Ars Technica, The Indian Express, Engadget, Gizmodo, TechPowerUp, The Register, Android Authority, CNET, GeekWire, Neowin, Liliputing, How-To Geek, BetaNews, BleepingComputer, MobileSyrup, Thurrott, Petri IT Knowledgebase, PCMag, Digital Trends, Tom's Hardware, and Bloomberg
Threads: @gossithedog. Mastodon: @mttaggart@infosec.town and @GossiTheDog@cyberplace.social. Bluesky: @saltcreekbrews.bsky.social
| Lizzi C. Lee / Rest of World: |
Chinese state media has embraced the success of Black Myth: Wukong, a Chinese AAA game that has sold 20M+ copies globally, hailing it as a soft power export — China is changing its long-critical stance thanks to the smash hit, according to Chinese game developers and industry analysts.Sponsor Posts
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