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October 3, 2024, 11:15 AM
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| Hayden Field / CNBC: |
Source: on top of the $6.6B in funding, OpenAI got a $4B revolving line of credit from JPMorgan Chase, Citi, and others, bringing its total liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.| 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: Wall Street Journal, Reuters, OpenAI, Ed Zitron's Where's Your Ed At, The Information, CNBC, Tech Monitor, Axios, The Information, The Verge, Barron's Online, PhoneArena, Tech Funding News, Business Insider, Bloomberg, Proactive, SmartCompany, SFist, The Information, iPhone in Canada Blog, PaymentSecurity.io, Maginative, VentureBeat, Forbes, Engadget, GeekWire, San Francisco Business Times, Deadline, Futurism, Quartz, and TechCrunch
Threads: @alexkantrowitz and @alexheath
Bluesky: @glinden.bsky.social and @electriceden92.bsky.social
X: @danprimack, @elonmusk, @garymarcus, @edzitron, @garymarcus, @jason, @modestproposal1, @edzitron, @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
| Richard Waters / Financial Times: |
As Satya Nadella says AI models are becoming “more of a commodity”, OpenAI faces formidable challenges, including burning $5B+ in 2024 and intense competition — Latest funding round has boosted the company's valuation to $150bn, but it faces formidable challenges| Financial Times: |
More: Reuters, Windows Central, Above Avalon, Computerworld, Business Insider, San Francisco Business Times, The Mirror, Los Angeles Times, The Decoder, Neowin, Axios, CCN.com, ITPro, San Francisco Chronicle, Benzinga, SFGATE, The Register, TechCrunch, Gizmodo, Wccftech, Nairametrics, and Tech Xplore
Bluesky: @zitron.bsky.social. X: @smokeawayyy, @deedydas, @loudmouthjulia, @luke_metro, @inartecarlodoss, @marvintbaumann, @elonmusk, @rabois, @eringriffith, @sawyermerritt, @8teapi, @mikeisaac, and @bgurley. Forums: r/ChatGPT
| Cade Metz / New York Times: |
More: The Guardian, Forbes, Business Insider, Financial Times, Axios, Interesting Engineering, Light Reading, Livemint, Business Insider, Silicon Republic, The Express Tribune, AIM, Coinpedia Fintech News, Al Bawaba, Hindustan Times, Windows Central, CCN.com, The Rundown AI, Business Today, Silicon Canals, Shacknews, SiliconANGLE, The Daily Upside, Tech Startups, Originally Reported …, Washington Post, Neowin, The Times, Mashable, Fortune, Cointelegraph, PYMNTS.com, Ars Technica, Invezz, Newser, Benzinga, Advanced Television, and CryptoSlate
Forums: Hacker News and r/artificial
| 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: The Verge, CNET, Lowpass, Ars Technica, TechCrunch, Forbes, Engadget, Cybernews.com, Malwarebytes, The Indian Express, Daily Mail, CryptoGlobe, TechSpot, WinBuzzer, 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
| 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 … | 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.| 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 …, CCN.com, Cryptonews, Cryptopolitan, CryptoGlobe, Wall Street Journal, crypto.news, Reuters, Decrypt, Cointelegraph, Blockworks, CoinGape, and CoinDesk. X: @secgov
| 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 — 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.| 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: HotHardware, 9to5Google, 9to5Mac, ZDNET, Quartz, Cybernews.com, Bloomberg, Neowin, Engadget, Android Headlines, Wareable, MacRumors, The Shortcut, Gadgets & Wearables, TechCrunch, Gizmodo, CNET, WWD, CNBC, Android Police, and Tom's Guide
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
| 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, The Verge, MobileSyrup, T3, Engadget, MakeUseOf, PhoneArena, MSPoweruser, Mashable, TechRadar, and iPhone in Canada Blog
| 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.| 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.
More: PYMNTS.com, Blockworks, Reuters, Bloomberg, Cointelegraph, ZyCrypto, The Crypto Basic, Inside Bitcoins, Blockonomi, Cryptonews, The Crypto Times, CryptoPotato, Coinpedia Fintech News, crypto.news, Coinspeaker, Watcher Guru, Bitcoin Insider, Cryptopolitan, CCN.com, CryptoGlobe, CoinGape, Unchained, Crypto Briefing, Crypto Adventure, CryptoSlate, Bloomberg, Watcher Guru, Cointelegraph, and Coinspeaker
X: @bgarlinghouse, @s_alderoty, and @freddyriz
| 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.| 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.
More: About Amazon, Amazon News on YouTube, HotHardware, Thurrott, ExtremeTech, TechRadar, The Indian Express, PhoneArena, Neowin, TechPowerUp, Android Central, Lifewire, Good e-Reader, Laptop Mag, PCMag, How-To Geek, TechEBlog, UK About Amazon, Trusted Reviews, AFTVnews, Tom's Guide, 9to5Toys, ZDNET, The Verge, Liliputing, Engadget, and Engadget
| 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: Forbes, The Register, EU-Startups, Tech Funding News, Silicon Canals, 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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