Techmeme
December 17, 2024, 9:05 PM

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 …
Avram Piltch / Tom's Hardware:
Nvidia unveils Jetson Orin Nano Super Developer Kit, a $249 compact AI development board that promises 67 TOPS, compared to 40 TOPS of the $499 last-gen kit  —  The Jetson Orin Nano Super Developer Kit will be available later this month and comes with 8GB of RAM.
Paayal Zaveri / Bloomberg:
Grammarly plans to acquire collaborative tools startup Coda and bring on Coda co-founder and CEO Shishir Mehrotra as its CEO; Coda had a $1.4B valuation in 2021  —  Coda co-founder and CEO Shishir Mehrotra will take over that position at Grammarly, according to statement from the two companies Tuesday.
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.
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.
Jordan Novet / CNBC:
Salesforce says it will hire 2,000 people to sell AI agent software, a month after saying it would hire 1,000 for the task and two years after laying off 7,000+  —  Salesforce will hire 2,000 people to sell artificial intelligence software to clients, CEO Marc Benioff said on Tuesday …
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 …
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 …
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
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
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 …
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.

Sponsor Posts

Tribe AI:
State of AI: Adoption, Challenges and Recommendations  —  Examining the current state of AI, the key challenges organizations face, and practical recommendations for utilizing AI integration alongside other best practices.
SignalFire:
SignalFire raises another $1 billion to back applied AI startups  —  We build AI too.  It tracks 650M tech employees so we can help companies with recruiting and GTM across enterprise, infra, healthcare, security, and consumer.
Zoho:
5 low-cost strategies to grow your ecommerce  —  This is a guest post by Ani Asatryan, Senior Content Writer of Ucraft.The best-kept secrets in ecommerce aren't secret at all—they're hiding in plain sight.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

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More News

Jody Godoy / Reuters:
Wired:

Earlier Picks

Molly White / Bloomberg:
Sonia Rolley / Reuters:
Kyle Wiggers / TechCrunch: