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October 2, 2024, 2:00 PM
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| Ina Fried / Axios: |
OpenAI raised $6.6B led by Thrive Capital, the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, and others — - Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.
More: OpenAI, Reuters, Bloomberg, The Information, TechCrunch, Wall Street Journal, CNBC, Business Insider, Fortune, Cryptopolitan, Business Times, CoinGape, Crypto Briefing, The Hollywood Reporter, Variety, Quartz, Capacity Media, Tom's Guide, and Tech in Asia
Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @danprimack, @modestproposal1, @andrewcurran_, @amitisinvesting, and @jason
| Financial Times: |
Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI — Sam Altman-led group wants exclusive arrangement as it secures $6.6bn funding round — OpenAI has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk's xAI … | Cade Metz / New York Times: |
More: San Francisco Business Times, Reuters, Quartz, Moneycontrol, Futurism, Deadline, Business Insider, and Tech Funding News. Forums: Hacker News
| Bloomberg: |
Sources: Google teams in recent months have made progress on AI reasoning models, akin to OpenAI's o1; source: some at DeepMind are worried about falling behind — The push deepens the search giant's rivalry with OpenAI — Google is working on artificial intelligence software that resembles …
More: Neowin, TechRadar, Quartz, The Crypto Times, The Decoder, and Brian Solis. Forums: r/singularity
| Tom Warren / The Verge: |
Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021 — Microsoft is releasing a new version of Office this week, designed for people that don't want to subscribe to Microsoft 365.
More: Microsoft 365 Blog, XDA Developers, BleepingComputer, Windows Central, Macworld, CNET, MacRumors, PCWorld, Apple Must, iClarified, WinBuzzer, TechRadar, GreenBot, TechSpot, AppleInsider, 9to5Mac, BGR, Neowin, NewsBytes, Thurrott, Notebookcheck, How-To Geek, and Tom's Hardware. Forums: r/apple
| Abner Li / 9to5Google: |
Google updates Gmail for Android and iOS with new summary cards that are more glanceable and actionable and a new “Happening soon” section above the inbox — Gmail for Android and iOS are getting new summary cards that are more glanceable and actionable, with Google also directly surfacing them in your inbox.
More: The Keyword, XDA Developers, ZDNET, The Mirror, Forbes, Android Authority, The Verge, Engadget, TechCrunch, Neowin, Droid Life, CBS News, Daily Express, and Lifewire
| Emma Roth / The Verge: |
Automattic demanded an 8% cut of WP Engine's monthly revenue to use the WordPress trademark in a seven-year deal proposed on September 20; WP Engine declined — Automattic, the parent company of WordPress.com, asked rival hosting service WP Engine to hand over 8 percent of its revenue each month …
More: Automattic. X: @crowdersoup, @photomatt, @hashim_warren, @automattic, @ryancduff, @tealou, @bwhalley, @jeffseverson, @dcurtis, and @ozskier. Forums: Hacker News
| Akila Quinio / Financial Times: |
Meta rolls out Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intel to help catch scammers, after a pilot with NatWest and Metro Bank — Tech group to roll out channel for sharing of transaction intelligence — Facebook owner Meta is launching a data-sharing partnership …
More: Meta, news.com.au, PYMNTS.com, CNBC, Tech Monitor, City A.M., UPI, Invezz, The Mirror, and UKTN. LinkedIn: Harry White
| Erin Griffith / New York Times: |
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff — CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.| Sebastiaan de With / Lux: |
iPhone 16 Pro camera review: overall image and quality of life improvements, and Camera Control, Zero Shutter Lag, and its advanced Photographic Styles impress — For the first “Desert Titanium” iPhone, we took over 1000 photos and videos in the desert. Take a deep dive into what's new — and why it's close to the last of its kind.
More: Mashable, How-To Geek, 9to5Mac, Creative Bloq, Gizmochina, TechTablets on YouTube, Tyler Stalman on YouTube, iCaveDave on YouTube, The Korea Herald, MacDailyNews, MacRumors, PetaPixel, Fast Company, The Verge, Fast Company, AppleInsider, Ben Sandofsky on YouTube, and 9to5Mac
Threads: @sandofsky. X: @sdw, @sdw, @jimmyjamesuk123, @sandofsky, @bawan__abdul, @robswish, @durreadan01, @app_settings, @sdw, @halidecamera, and @sdw. Forums: MacRumors Forums
| Kevin Roose / New York Times: |
Some iOS developers worry that an iOS 18 change letting users choose contacts an app can access may make growing social apps hard; Apple says it boosts privacy — This year, when Apple announced iOS 18, the latest version of its mobile operating system, most of the attention went to its slate of new artificial intelligence features.
More: 9to5Mac, Tech Advisor, Cult of Mac, KnowTechie, and PhoneArena
| Akila Quinio / Financial Times: |
The UK FCA fines Starling Bank £29M over its “shockingly lax” controls against financial crime, like potential money laundering and sanctions breaches — FCA said lender's efforts to identify potential money laundering ‘did not keep pace’ with its growth| Jake Rudnitsky / Bloomberg: |
Telegram CEO Pavel Durov says his post about ToS updates “may have seemed to announce a major shift in how Telegram works” but “in reality, little has changed” — The World's Call Center Capital Is Gripped by AI Fever — and Fear … Hello World
More: Telegram, The Record, WinBuzzer, and CryptoSlate
| Emma Roth / The Verge: |
Developer Christian Selig says Apple removed his YouTube app Juno for the Vision Pro from the App Store, after YouTube said it violated its ToS in April 2024 — Juno, the third-party YouTube app created for the Apple Vision Pro, has been removed from the App Store.
More: Christian Selig, TechCrunch, UploadVR, Daring Fireball, Redmond Pie, Neowin, NewsBytes, Benzinga, Engadget, iPhone in Canada Blog, AppleInsider, 9to5Mac, and MacRumors
X: @nickjsheriff, @raywongy, @markgurman, @uwukko, @drbarnard, @snazzylabs, @flyosity, @anshelsag, @nathievr, @justinryanio, @christianselig, @spatialreport, @gergelyorosz, @danbarbera, @justinryanio, and @javi. Forums: r/technology
| Bloomberg: |
Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation — - Company hasn't released its product or given a launch timeline — Investment shows continued investor appetite for AI startups
More: TechCrunch, PRWeb, Crunchbase News, and poolside
X: @danprimack, @almonk, @almonk, @liamboogar, @pengmingwang, @ericabrescia, @redpoint, and @jacobeffron
| Kyle Orland / Ars Technica: |
Open-source Nintendo Switch emulator Ryujinx has been removed from GitHub, and its team has reportedly ceased development after Nintendo contacted its creator — GitHub removal comes months after a Nintendo lawsuit took down the Yuzu emulator. — Popular open source Nintendo Switch emulator Ryujinx …
More: TorrentFreak, Tom's Hardware, TweakTown, GamingOnLinux, OC3D, Wccftech, Boing Boing, Cryptopolitan, Dexerto, Video Games Chronicle, GamesIndustry.biz, TechPowerUp, Wololo.net, Aftermath, The Verge, Neowin, GameRevolution, Polygon, PC Gamer, Eurogamer.net, Android Authority, USA Today, Digital Trends, Engadget, IGN, Kotaku, GoNintendo, and DSOGaming
Mastodon: @ThePlant@mastodon.social. X: @ryujinxemu, @javaidusama, @nickoates_, @aliciawhimsitwo, @shadowth117, @advosart, @butidigress79, and @mrsujano
Forums: r/technology and Ars OpenForum
| Cristina Criddle / Financial Times: |
Character.AI CEO Dominic Perella says the startup has largely abandoned building AI models after Google poached its founders, focusing on its chatbots instead — AI start-up's new chief says race to build large language models against Big Tech got ‘insanely expensive’
More: TechCrunch, Business Times, and Benzinga
| Rob Davies / The Guardian: |
A profile of Denise Coates, the UK's richest woman, who founded online gambling company Bet365, which had £3B+ in 2023 revenue, as she focuses on a US expansion — She is the mastermind behind Bet365, the company that made it possible to gamble online any hour of the day or night.
X: @byrobdavies, @ianbirrell, and @thecullobsidian
| Lauren Forristal / TechCrunch: |
Livestream marketplace Whatnot says its GMV passed $2B+ in 2024 and its top 500 sellers each sold $1M+ on the platform; 66% of its sellers earn $10K+ per month — Whatnot, the livestream marketplace platform for trading card collectors and sneakerheads alike, is offering a bit of positive news …
More: Whatnot
| Newley Purnell / Bloomberg: |
AI contact center startup Crescendo raised $50M from General Catalyst and others at a $500M valuation, and acquired Idaho-based outsourcing company PartnerHero — - Crescendo has raised $50 million, is acquiring PartnerHero — Investors include General Catalyst and Celesta Capital| Tom Faber / Financial Times: |
2024 has been a barren year for big video games compared to 2023, helping indie games take center stage; the gaming industry has laid off 10,000+ people in 2024 — As gamers turn their backs on gargantuan adventures, we could be entering a golden age of modest titles| Lorenzo Franceschi-Bicchierai / TechCrunch: |
How the FBI and Mandiant caught hacker Jesse Kipf, who sold access to systems he broke into and hacked Hawaii's death registration system to fake his own death — Jesse Kipf was a prolific hacker who sold access to systems he hacked, had contacts with a notorious cybercrime gang …
Mastodon: @lorenzofb@infosec.exchange
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