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October 3, 2024, 2:25 AM
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Top News

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.
Rosie Bradbury / PitchBook:
Analysis: OpenAI, the third-most valuable VC-backed company after SpaceX and ByteDance, is worth far more than any VC-backed company at the time of their IPO  —  OpenAI wrapped up its $6.6 billion financing at a $157 billion valuation—a remarkable achievement that raises the stakes for CEO …
More: Bloomberg
Cade Metz / New York Times:
Source: Thrive invested ~$1.3B in OpenAI's $6.6B round, with an exclusive option to invest up to $1B more at the same $157B valuation through 2025
Financial Times:
Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI, an exclusive funding arrangement to keep its generative AI lead
Daniel Thomas / Financial Times:
Amazon plans to increase the number of ads on Prime Video in 2025 after not seeing a sharp drop in subscribers since adding advertisements in January 2024  —  Ecommerce group attempting to win over more brands as it steps up push into ad-funded streaming services in 2025
Ryan McNeal / Android Authority:
Amazon announces a new lineup of Fire HD 8 tablets, with 50% more RAM than the previous models, and three new generative AI features for compatible Fire tablets  —  Amazon launches new Fire HD 8 tablets, rolls out three new AI features.  —  •  —  TL;DR  — Amazon is launching a new lineup of Fire HD 8 tablets.
Ivan Mehta / TechCrunch:
WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of extortion, abuse of power, 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.
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
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.
Dylan Martin / CRN:
Accenture says it will train 30K employees on Nvidia's AI technologies and start a new Nvidia Business Group focused on driving enterprise adoption of AI agents  —  The global services powerhouse says its newly formed Nvidia Business Group will focus on driving enterprise adoption …
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.
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
Nikhilesh De / CoinDesk:
The US SEC files a notice of appeal in its Ripple case, seeking to reverse a July 2023 ruling that XRP sales on retail exchanges didn't violate securities rules  —  A federal judge ruled last year that the SEC had not made its case that Ripple violated securities law by selling XRP to retail customers through exchanges.
Jordan Novet / CNBC:
Analysis: Microsoft's finance leases, commencing between FY 2025 and FY 2030, mainly for data centers, has risen by $100B+ in less than two years to $108.4B  —  As Microsoft investors get ready for quarterly earnings this month, there's one particular metric that's become increasingly important: finance leases.
Maxwell Zeff / TechCrunch:
A US judge temporarily blocks California's AG from enforcing AB 2839, which Governor Gavin Newsom signed into law on September 17 to remove election deepfakes  —  A federal judge blocked one of California's new AI laws on Wednesday, less than two weeks after it was signed by Governor Gavin Newsom.
Teresa Xie / Bloomberg:
Dogecoin has become surprisingly popular among businesses looking to accept crypto for real-world purchases, largely due to the memecoin's low transaction costs  —  - King of memecoins becomes popular among small businesses  — Musk hints Dogecoin may be accepted for Tesla merch again

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:25 AM ET, October 3, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Anna Betts / The Guardian:
A judge orders an evidentiary hearing for next week to determine whether the Infowars auction was conducted fairly

Michael Gold / New York Times:
President-elect Donald Trump announces he has chosen Karoline Leavitt, who served as his campaign's press secretary, to be his White House press secretary

Matthew Keys / The Desk:
Prime Video users will be able to watch local PBS stations and PBS Kids for free in coming months, and two new free PBS channels with ads starting November 26

More News

Kevin Roose / New York Times:
Some iOS developers worry an iOS 18 change, which lets users choose contacts an app can access, may make growing social apps hard; Apple says it boosts privacy
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

Earlier Picks

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
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
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
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
Kyle Wiggers / TechCrunch:
Microsoft unveils Copilot Vision, which analyzes text and images on webpages, Think Deeper, which reasons through more complex problems, Copilot Voice, and more
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