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September 29, 2024, 10:20 AM
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memeorandum
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| 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.
More: Vox, The Verge, Futurism, and TechCrunch
X: @sigalsamuel and @wsjtech
Forums: r/Futurology and Beehaw
| 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 …
More: Spyglass, Daring Fireball, Benzinga, 9to5Mac, News.ng, Daily Journal, PhoneArena, AppleInsider, Mashable, iClarified, Neowin, Business Times, iPhone in Canada Blog, Business Today, Reuters, Wccftech, NewsBytes, Business Insider, and Deccan Herald
Threads: @72mena and @firerock31
| 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.
More: The New Stack
| 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 … | New York Times: |
More: Tom's Guide, CNBC, 9to5Mac, Gizchina.com, Philip Elmer‑DeWitt, The Hill, DNyuz, Fortune, TechCrunch, Marcus on AI, TechRadar, The Decoder, Simon Willison's Weblog, Benzinga, Neowin, The Verge, NBC News, The Information, and Engadget
Threads: @gruber, @paul_rietschka, @kalihays1, and @benedictevans
X: @annmlipton, @grady_booch, @ccm_brett, @garymarcus, @jason_kint, @jason_kint, @modestproposal1, @modestproposal1, @amir, @mikeisaac, @zerohedge, @modestproposal1, @eringriffith, and @mikeisaac
LinkedIn: Brett Pollak, Pramod Gosavi, and Hayden Field
Forums: r/Economics and r/singularity
| New York Times: |
More: Breitbart, Tom's Hardware, TechSpot, Windows Central, and Digital Trends
Mastodon: @LilahTovMoon@tech.lgbt and @jalefkowit@vmst.io
Bluesky: @indaindica.bsky.social, @marsrover.bsky.social, @mikal-el.com, @fluxandflow.bsky.social, and @lifewinning.com
X: @stevelohr and @edzitron
LinkedIn: Amanda Brock, James Teare, and Angela Chapman
Forums: Hacker News, r/ArtistHate, and r/singularity
| 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 … | Aswath Damodaran / Financial Times: |
NYU professor Aswath Damodaran on an AI bot that is trained on his equity valuation work that is in the public domain, why AI will empower generalists, and more — Whether the risks to jobs is real or not, it behoves us all to act like it is given how consequential the costs could be
X: @tonytassell and @adsinuk
| 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 … | 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 …, Krebs on Security, US Department of Justice, U.S. Department of State, Flashpoint, and Cryptopolitan
X: @vxdb, @secretservice, @secretservice, @usattyaber, @stateinl, @darkwebinformer, @edvanews, and @mopeng
LinkedIn: Lance Morginn and Brian Krebs
| Stephanie Stacey / Financial Times: |
Bumble, Muzz, and Match Group are pushing their friend-finding and community-building products to attract young users hit by so-called dating app fatigue — Bumble and Match Group launch friendship and social products to help reverse post-pandemic slowdown
X: @ft, @shahzadyounas_, and @shahzadyounas_
| 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| 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 …
More: Wall Street Journal, Los Angeles Times, The Hill, Mediaite, TechCrunch, IJR, The Verge, The Hollywood Reporter, The Daily Beast, and TVLine
Threads: @daveleebbg, @mcbride.david.j, @hbraun.jackson, @stevemberkowitz, and @crumbler. Bluesky: @jeremydstanley.com
| Steven Levy / Wired: |
Q&A with Trae Stephens, partner at Founders Fund and Executive Chairman of Anduril, on autonomous AI's role in warfare, building a wearable e-reader, and more — He's deep in the defense-startup world as a Founders Fund partner and Anduril cofounder. His bunker, though, isn't fully prepped for the end times.
X: @elkeschwarz, @knibbs, @samuelclay, and @matthewboedy
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