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October 3, 2024, 2:10 PM
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| Hayden Field / CNBC: |
OpenAI gets a $4B revolving line of credit from JPMorgan Chase, Citi, Goldman Sachs, and others, on top of the $6.6B in funding, bringing its liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.
More: OpenAI, Engadget, TechCrunch, Business Standard, Bloomberg, CoinGape, Quartz, and Axios
X: @bgurley, @semil, @rohanpaul_ai, @andrewcurran_, @grady_booch, @haydenfield, and @togelius. Forums: Slashdot
| 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: Reuters, OpenAI, Reuters, Wall Street Journal, PYMNTS.com, Computerworld, Investor's Business Daily, DatacenterDynamics, Ed Zitron's Where's Your Ed At, The Guardian, CNBC, Business Insider, Windows Central, Android Headlines, Quartz, Tech Monitor, Entrepreneur, Futurism, Sector 6, The Verge, Financial Times, Inc.com, Axios, The Ankler, The Information, Interesting Engineering, Silicon Republic, PhoneArena, CCN.com, Tech Funding News, The Express Tribune, Barron's Online, Light Reading, The Mirror, Livemint, AIM, Business Standard, Al Bawaba, The Decoder, Proactive, ITPro, Coinpedia Fintech News, Business Insider, Hindustan Times, Silicon Canals, Bloomberg, Los Angeles Times, Business Today, SmartCompany, Benzinga, SFist, YourStory.com, The Information, Shacknews, iPhone in Canada Blog, SiliconANGLE, Advanced Television, The Daily Upside, Gizmodo, Tech Startups, Originally Reported …, Washington Post, San Francisco Business Times, Deadline, Futurism, Quartz, and TechCrunch
Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @garymarcus, @edzitron, @garymarcus, @jason, @danprimack, @edzitron, @modestproposal1, @elonmusk, @danprimack, @kateclarktweets, @alice_comfy, @coryweinberg, @stephenfleming, @azeem, @peter_atwater, @scobleizer, @andrewcurran_, @amitisinvesting, and @jason
LinkedIn: Emil Protalinski and Matt Kroll
Forums: r/OpenAI, r/mlscaling, and r/singularity
| Emma Roth / The Verge: |
Google rolls out ads in AI Overviews for when a user's question has a “commercial angle”, and identifies the ads with a “sponsored” header, on mobile in the US — Google is rolling out ads in AI Overviews, which means you'll now start seeing products in some of the search engine's AI-generated summaries.| Kyle Wiggers / TechCrunch: |
Google rolls out AI-organized Search results in the US on mobile, showing users AI-aggregated pages of content from forums, articles, YouTube videos, and more — Google will begin to show ads in AI Overviews, the AI-generated summaries it supplies for certain Google Search queries … | Emma Roth / The Verge: |
Google updates Lens to let users take a video and use their voice to search, showing an AI Overview and search results, rolling out to Search Labs on mobile — If you can't capture what you want to search for with just a picture, Google Lens will now let you take a video — and even use your voice to ask about what you're seeing.| Bill Toulas / BleepingComputer: |
Researchers: hackers are actively exploiting an RCE vulnerability in Zimbra email servers, disclosed on September 27, triggered by emailing the SMTP server — Hackers are actively exploiting a recently disclosed RCE vulnerability in Zimbra email servers that can be triggered simply … | Sarah Perez / TechCrunch: |
YouTube updates Shorts with the ability for creators to upload up to three-minute videos, a streamlined Shorts player, templates, and a new trends mobile page — YouTube on Thursday announced a series of updates for its short-form video product, YouTube Shorts.
More: The Verge, YouTube Official Blog, 9to5Google, Engadget, Dexerto, What's Trending, Variety, and Mashable. X: @reneritchie
| Ivan Mehta / TechCrunch: |
WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of “abuse of power, extortion, and greed” — Web hosting provider WP Engine has filed a lawsuit against Automattic, and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power.
More: Kellie Peterson, The Verge, Silicon Republic, Engadget, Tedium, WP Engine, San Francisco Business Times, Search Engine Journal, Automattic, GreenBot, TechRadar, The Register, and The New Stack
Mastodon: @aardrian@toot.cafe. X: @gergelyorosz, @wpengine, @blackqueeriroh, @cowkitty, @hashim_warren, @jeffr0, @hashim_warren, @zimm3rmann, @ericlbarnes, @ryancduff, @ryancduff, @automattic, @ryancduff, @chriswallace, @ctrlaltdwayne, @billy_boozer, @dwlz, @bgardner, @miprofithunter, @kellie, and @sc_codeum
| Nicola M. White / Bloomberg: |
Gurbir Grewal, the US SEC's top enforcement official since 2021, who oversaw 2,400+ enforcement actions and the crypto crackdown, plans to leave on October 11 — - Grewal helped lead WhatsApp probes, crypto industry crackdown — SEC official was previously New Jersey's attorney general
More: US Securities …, Unchained, CCN.com, Cryptopolitan, CryptoGlobe, Cryptonews, Wall Street Journal, crypto.news, Reuters, and Decrypt. X: @secgov
| Ivan Mehta / TechCrunch: |
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users — Spotify introduced a new feature today called Offline Backup. This feature for premium users is essentially a list of songs …
More: Spotify, Gizmodo, Android Authority, How-To Geek, Thurrott, Tech Advisor, MobileSyrup, The Verge, Engadget, GSMArena.com, PhoneArena, T3, TechRadar, MSPoweruser, iPhone in Canada Blog, Mashable, and MakeUseOf. LinkedIn: Mikael Bolle
| Maxwell Zeff / TechCrunch: |
OpenAI introduces canvas, a beta interface for Plus and Teams users that opens a separate window, beside the normal chat window, for writing and coding projects — OpenAI introduced a new way to interact with ChatGPT on Thursday: an interface it calls “canvas.”
More: OpenAI, VentureBeat, Tom's Guide, Wired, Every, GreenBot, and ZDNET
X: @openai, @emollick, @karinanguyen_, @itsurboyevan, @gdb, @sulmanrc, @openai, @iansilber, @ericsmith1302, @openai, @bradlightcap, @danielmiessler, @openai, @rowancheung, @romainhuet, and @openaidevs. Forums: Hacker News
| Joseph Cox / 404 Media: |
Two Harvard students demo using Ray-Ban Meta Smart Glasses, PimEyes, and other tools to instantly identify strangers' names, phone numbers, addresses, and more — The technology, which marries Meta's smart Ray Ban glasses with the facial recognition service Pimeyes and some other tools …
More: TechCrunch, The Verge, Ars Technica, The Sun, CNET, Lowpass, New York Post, KnowTechie, Engadget, Futurism, Forbes, Redmond Pie, CryptoGlobe, Cybernews.com, Daily Mail, TechSpot, WinBuzzer, Malwarebytes, The Indian Express, Spyglass, Benzinga, Android Headlines, Android Police, Kotaku, Android Authority, How-To Geek, Six Colors, MacRumors, Gizmodo, TechCrunch, and I-XRAY
Threads: @alexheath, @matthewraifman, @jendiagammon, and @jank0
Mastodon: @Theeo123@mastodon.social, @benschwarz@front-end.social, @Jessicascott09@infosec …, @mvsde@mastodon.social, @ErikJonker@mastodon.social, @sawaba@infosec.exchange, @sawaba@infosec.exchange, @codepo8@toot.cafe, and @josephcox@infosec.exchange
Bluesky: @polotek.bsky.social, @ishigh.lol, @jameskelleher.pilcrow.ie, @wolvendamien.bsky.social, @golikehellmachine.com, @vmcntosh.bsky.social, and @napsandsarcasm.bsky.social
| Allison Johnson / The Verge: |
Google expands conversational AI voice chat Gemini Live's language support to French, German, Portuguese, Hindi, and Spanish, after launching in English — Google initially rolled out Gemini Live, its conversational AI voice chat, in just one language: English.
More: The Keyword, Neowin, Google Help Center, The Week, Android Authority, SamMobile, 9to5Google, Android Police, Wccftech, PhoneArena, Droid Life, Business Standard, Tom's Guide, Hindustan Times, The Economic Times, The Hindu BusinessLine, The Indian Express, Digital Trends, Livemint, and NewsBytes
| Victoria Song / The Verge: |
Oura unveils the $349+ Oura Ring 4, featuring a slimmer design, improved accuracy, and more sizes, shipping October 15, and completely redesigns the Oura app — Oura is giving its popular smart ring and app a substantial makeover. The company just announced the $349 Oura Ring 4 …
More: 9to5Google, HotHardware, Droid Life, The Shortcut, Engadget, Cult of Mac, iClarified, Quartz, Cybernews.com, Neowin, 9to5Mac, Wareable, ZDNET, Android Headlines, MacRumors, Gadgets & Wearables, TechCrunch, Gizmodo, CNET, WWD, CNBC, Android Police, Tom's Guide, and Notebookcheck
Forums: r/ouraring and r/ouraring
| Thomas Claburn / The Register: |
Co-founders Tim Berners-Lee and Rosemary Leith plan to close the World Wide Web Foundation after 15 years of fighting to make the web safer and more accessible — Who wants to join his so Solid crew? — After fifteen years of fighting to make the web safer and more accessible, the World Wide Web Foundation is shutting down.
More: World Wide Web Foundation, PCWorld, WinBuzzer, Fortune, TechSpot, Computerworld, and TechRadar
| Kyle Wiggers / TechCrunch: |
Black Forest Labs, whose Flux.1 model powers Grok's image generator, launches an API in beta and its latest image generation model, Flux1.1 Pro, for 2K images — Black Forest Labs, the Andreessen Horowitz-backed startup behind the image generation model in xAI's Grok assistant, has launched an API in beta — and released a new model.
More: Black Forest Labs, VentureBeat, and Maginative
| Paige Smith / Bloomberg: |
PayPal completes its first business payment using its proprietary PYUSD stablecoin, paying an E&Y invoice on September 23 via SAP's digital currency hub — SAP's platform, known as the digital currency hub, allows enterprises to send and receive digital payments instantly, around the clock.
More: Cryptopolitan, Finextra, The Crypto Basic, and Tomasz Tunguz
| Ingrid Lunden / TechCrunch: |
Barcelona-based Submer, which submerges data center server racks in a proprietary coolant, raised a $55.5M Series C led by M&G at a ~$500M post-money valuation — The race is on for better chips and data center capacity to handle AI workloads, but all that activity comes with a catch.
More: SiliconANGLE, FinSMEs, Forbes, Submer, The Register, Silicon Canals, Tech Funding News, and Tech.eu
| Sarah McBride / Bloomberg: |
PitchBook: Q3 US VC investments rose ~8% YoY to $37.9B across 3,777 deals; AI startups got 36% of the deal value and 27% of the deal count from Q1 to Q3 2024 — Artificial intelligence firms received more than one-third of the funds in the third quarter.
More: Cautious Optimism, SiliconANGLE, PitchBook, and PitchBook
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