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Techmeme
December 17, 2024, 7:30 PM
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Top News

Wall Street Journal:
Databricks is raising $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; docs show Databricks has $2.6B in revenue  —  As CEO of Databricks, Ali Ghodsi has performed a series of ‘strategic surgeries’ to make his company one of the fastest-growing startups in Silicon Valley
Natasha Lomas / TechCrunch:
Ireland's Data Protection Commission fines Meta €251M for a Facebook security breach that affected ~29M users globally, ~3M in the EU and EEA, in September 2018  —  Meta has been fined €251 million (around $263 million) in the European Union for a Facebook security breach …
Sean Hollister / The Verge:
Framework releases a $39 modular component that adds two M.2 slots to the Laptop 16, letting users have 26TB+ of storage, and updates the Laptop 16's cooling  —  The most ambitious laptop ever made just got a long-promised modular upgrade. … At launch, you only had two options …
Tony Romm / Washington Post:
The US FTC issues long-awaited rules requiring companies to display the full price of hotels, concert tickets, and more up front, rather than hiding “junk fees”  —  The industries must display the full price of a hotel room, concert ticket or sporting event upfront to customers or face potential federal punishment.
Edith Hancock / Wall Street Journal:
The European Commission opens a formal DSA investigation into TikTok over concerns foreign actors used it to interfere in the Romanian presidential elections  —  The probe comes after judges in the country annulled the outcome of the first round of presidential elections, citing concerns of Russian interference
Financial Times:
The UK opens a consultation on AI and copyright, aiming to offer an “opt out” exception to copyright law, forcing companies to open models to scrutiny, and more  —  Consultation could see easier access to copyrighted works but require tech groups to be clearer on what they have used
Kyle Wiggers / TechCrunch:
OpenAI adds o1 to its API, but only for certain developers to start, announces new versions of GPT-4o and GPT-4o mini as part of its Realtime API, and more  —  OpenAI is bringing o1, its “reasoning” AI model, to its API — but only for certain developers, to start.
Blake Brittain / Reuters:
The US ITC says smartphones made by Lenovo's Motorola infringe on Ericsson's 5G patents, which could lead to an import ban; a final ruling is set for April 2025  —  The U.S. International Trade Commission said on Tuesday that smartphones made by Lenovo's (0992.HK) Motorola Mobility infringe patents owned …
Forums: r/Android
Todd Spangler / Variety:
CAA partners with YouTube to help CAA clients identify and remove AI-generated content that features their likeness, with a wider rollout planned in early 2025  —  In what's being touted as the first partnership of its kind, CAA is collaborating with YouTube on a program promising to let actors …
John Voorhees / MacStories:
Game emulator Delta adds an in-app link to pay outside of the App Store, via Patreon, likely the first US app to use Apple's External Purchase Link Entitlement  —  Delta, the MacStories Selects App of the Year, received an important update today that allows users of the game emulator to support …
Leo Schwartz / Fortune:
UK-based BVNK, a stablecoin infra startup with ~$40M in annualized revenue, raised a $50M Series B led by Haun Ventures; a source said it values BVNK at ~$750M  —  As crypto prices soar to all-time highs, venture investors are pouring capital into a red-hot corner of the blockchain industry …
Anna Tong / Reuters:
NYC-based AI-powered accounting startup Basis raised a $34M Series A led by Khosla Ventures, with Nat Friedman, Jeff Dean, Adam D'Angelo, and others investing  —  Artificial intelligence startup Basis has raised $34 million in a Series A funding round for its AI-powered accounting automation product, the company said on Tuesday.
More: SiliconANGLE
New York Times:
A San Francisco jury convicts tech consultant Nima Momeni of second-degree murder in the fatal stabbing of Cash App founder Bob Lee on April 4, 2023  —  Nima Momeni, 40, was convicted by a San Francisco jury in the fatal stabbing of Bob Lee, a well-known tech executive.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:30 PM ET, December 17, 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

Sara Fischer / Axios:
Patch CEO Warren St. John says its AI-curated newsletters, with 400K subscribers, have grown Patch's reach from 1.1K to 30K US communities in just a few months

Sara Fischer / Axios:
Memo: Kari Lake, special adviser to the US Agency for Global Media, says Victor Morales, who started working at USAGM in 2016, has been named acting USAGM CEO

Joe Flint / Wall Street Journal:
Sources: Disney to cut nearly 6% staff, or ~200 jobs, across ABC News and Disney Entertainment Networks; ABC is also eliminating 538, which had ~15 employees

More News

Jody Godoy / Reuters:
Grubhub settles with the US FTC and IL AG for $25M, for allegedly adding restaurants without consent and misleading users about order fees and drivers about pay
Wired:
Interpol says that “pig butchering”, a catchall online fraud term that gangs “appear to have” coined, could dissuade people from reporting attempts to scam them
Molly White / Bloomberg:
After Trump's win, a look at what the crypto industry could do next, including weakening financial rules that might protect consumers from the next crypto crash

Earlier Picks

Bloomberg:
Alibaba agrees to sell its Intime department store business, part of a plan to unify online and offline retailing in 2017, for ~$1B, taking a record $1.3B loss
Sonia Rolley / Reuters:
Congo files criminal complaints against Apple subsidiaries in France and Belgium, accusing the tech firm of using conflict minerals in its supply chain
Rishav Chatterjee / Reuters:
Australia's privacy watchdog says Meta agreed to a AU$50M settlement over a 2020 Cambridge Analytica lawsuit alleging 300K+ Facebook users' data was exposed
Kyle Wiggers / TechCrunch:
Google DeepMind unveils Veo 2, a video generation model that can create clips over two minutes long at resolutions up to 4K, available in VideoFX via a waitlist
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