Techmeme
October 18, 2024, 5:45 PM

Top News

Wall Street Journal:
Sources: Microsoft and OpenAI are negotiating how much equity Microsoft gets when OpenAI becomes a for-profit company, for which OpenAI has two years  —  The two companies have hired investment banks to help negotiate how much equity Microsoft gets when OpenAI becomes a for-profit company
New York Times:
Sources describe OpenAI and Microsoft's fraying relationship, OpenAI renegotiating its deal for more computing power, Microsoft's own LLM efforts, and more  —  The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software maker has tried to hedge its bet on the start-up.
Connie Loizos / TechCrunch:
Report: OpenAI sees a clause in its Microsoft contract, which cuts off Microsoft's access to OpenAI tech if OpenAI develops AGI, as a path to a better contract  —  The New York Times on Thursday published a look at the “fraying” relationship between OpenAI and its investor, partner, and …
The Verge:
A judge grants Google a temporary stay on the Epic ruling while Google appeals, which means Google might not have to change Play Store practices for years  —  Google just netted a small but key victory in its Epic legal battle.  Last week, the company asked Judge James Donato to press pause …
Mia Sato / The Verge:
Bluesky says it added 500K new users in a day this week after X announced plans for controversial changes, including basically getting rid of the block feature  —  A handful of changes coming to X may be pushing users to its competitor.  Bluesky, the decentralized social platform, says it added 500,000 new users in a day this week.
Nate Raymond / Reuters:
Reuters:
Sources: Samsung has postponed taking deliveries of ASML chipmaking equipment for its upcoming factory in Taylor, Texas as it has yet to win any major customers  —  Samsung Electronics (005930.KS) has postponed taking deliveries of ASML (ASML.AS) chipmaking equipment for its upcoming factory …
Akash Sriram / Reuters:
NHTSA opens a probe into Tesla's Full Self-Driving, covering 2.4M vehicles, after four reported crashes in low-visibility situations, including one fatal crash  —  The U.S. auto safety regulator said on Friday it has opened an investigation into Tesla's Full Self-Driving software after reports …
Manish Singh / TechCrunch:
Byju's founder Byju Raveendran says his edtech startup, valued at $22B in 2022, is effectively “worth zero”, and that he made mistakes and mistimed the market  —  Byju Raveendran, the founder of the embattled edtech group Byju's, acknowledged on Thursday afternoon that he made mistakes …
Todd Feathers / Gizmodo:
The US Treasury says its enhanced detection tools, including AI, helped in the prevention and recovery of $4B+ in fraudulent payments in FY 2024, up over 6x YoY  —  The Treasury says it identified or recovered $4 billion in fraudulent payments last fiscal year, a sixfold increase over the previous year.
Reuters:
Chinese robotaxi firm Pony.ai files for a Nasdaq IPO, says its H1 2024 revenue nearly doubled to $24.7M with a net loss of $51.3M, down from $69.4M in H1 2023  —  China-based autonomous driving firm Pony AI, backed by automaker Toyota (7203.T), filed for an initial public offering in the U.S. on Thursday …

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Earlier Picks

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