Techmeme
September 29, 2024, 10:45 AM

Top News

Wall Street Journal:
A look at challenges to OpenAI becoming a for-profit company, including the complexity of splitting assets with the nonprofit arm, which will continue to exist  —  Converting from a nonprofit happens rarely, especially for organizations this wealthy.  OpenAI has two years to do so.
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.
Matthew Lynley / Supervised:
A look at OpenAI's sprawling product portfolio as the startup matures into a real business and runs into the challenges of avoiding product creep  —  Plus: OpenAI's portfolio is getting a little big.  —  ∙ Paid  —  This issue was finished on a mobile device so I apologize ahead of time for any typos and formatting errors.
New York Times:
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 …
Ricardo Brito / Reuters:
Court docs: Brazil's Supreme Court say X still needs to pay $5M+ in pending fines, including a new one, before it will be 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 …
Brian Steinberg / Variety:
Sources: Amazon Prime Video is in talks with veteran anchor Brian Williams to host a live Election Night special, its first entry into news-related programming  —  Brian Williams may have found his next TV-news job....except it won't be on traditional TV.  —  The veteran NBC News …
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 …

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More News

Lizzi C. Lee / Rest of World:
Rolfe Winkler / Wall Street Journal:
Kate Knibbs / Wired:

Earlier Picks

Bloomberg:
Nikhilesh De / CoinDesk: