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December 17, 2024, 12:40 PM
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Wall Street Journal:
Databricks is raising $10B from a16z, Thrive, others at a $62B valuation, among the largest VC raises in history; documents 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:
The Irish Data Protection Commission fines Meta €251M over a Facebook breach that affected ~29M users globally and ~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 that affected millions of users …
Sean Hollister / The Verge:
Framework releases a $39 modular component to add two extra 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 …
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
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.
Financial Times:
The UK opens a consultation on AI and copyright, and aims to offer an “opt out” copyright exception, force 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
NBC News:
Source: Trump meets with TikTok CEO Shou Zi Chew at Mar-a-Lago, the same day that the company asks the Supreme Court to block the law that could ban the app  —  President-elect Donald Trump tried to ban TikTok in 2020 but was blocked by the courts.  He has since changed his position on the issue.
Lawrence Hurley / NBC News:
ByteDance asks SCOTUS to block the US law that could ban TikTok on January 19; when asked about the law, Trump says he has a “warm spot” in his heart for TikTok
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  —  The Australian Information Commissioner said on Tuesday it has withdrawn civil penalty proceedings against Meta Platforms (META.O) …
Juro Osawa / The Information:
Sources: Character.AI rival Talkie, one of the most-downloaded AI apps in the US and made by China's MiniMax, prepares an AI video feature to reignite growth  —  Many of you may not have heard of Talkie, a competitor to Character.AI in providing personalized artificial intelligence chatbots.
Jay Peters / The Verge:
Mark Zuckerberg says Threads now has 100M+ DAUs, revealing its DAU figure for the first time, and 300M+ MAUs, up from 275M+ MAUs in November 2024  —  It's a notable milestone not just because it's a big number; it's also the first time Meta has a daily active user figure publicly.
Paayal Zaveri / Bloomberg:
Grammarly buys productivity startup Coda, set to close in January, and names Coda co-founder and CEO Shishir Mehrotra as 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.
CNBC:
Waymo plans to test its robotaxis in Tokyo in early 2025, its first international expansion, partnering with taxi operator Nihon Kotsu and taxi hailing app GO  —  Alphabet-owned Waymo announced Monday that it will start testing its autonomous vehicles in Tokyo in early 2025, the company's first step toward international expansion.
Jay Peters / The Verge:
Google debuts Whisk, an image generator that takes other images as prompts to suggest the subject, scene, and style, and uses the new, “latest” Imagen 3 version  —  Google has announced a new AI tool called Whisk that lets you generate images using other images as prompts instead of requiring a long text prompt.
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
New York Times:
Some tech leaders say they're optimistic that Trump will increase visas to highly skilled foreign workers, despite Trump curbing such programs in his first term  —  Silicon Valley hopes that tech giants like Elon Musk could help to push the incoming Trump administration toward offering more visas to highly skilled foreign workers.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:40 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

Brooks Barnes / New York Times:
Sources: Disney executives worried about ABC's Trump case and that the company could risk damaging press protections for others, as well as harming its brand

Pamela McClintock / The Hollywood Reporter:
Disney confirms pulling a transgender storyline from animated series Win or Lose, saying “many parents would prefer to discuss certain subjects” with their kids

Charlotte Tobitt / Press Gazette:
Tortoise formally signs the deal to buy The Observer, appoints acting editor Lucy Rock as the title's print editor, and launches a voluntary redundancy scheme

More News

Earlier Picks

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
Bloomberg:
Digital bank Tyme Group, which operates in South Africa and the Philippines, raised a $250M Series D led by Brazilian digital bank Nubank at a $1.5B valuation
Matt Levine / Bloomberg:
After probing an open-and-shut SEC violation for two years, it's nearly too late for the SEC to do anything over how Musk acquired Twitter before Trump moves in
Sarah Perez / TechCrunch:
Chinese shopping app Temu was 2024's top free app in the US iOS App Store, same as 2023, followed by Threads, TikTok, ChatGPT, Google, Instagram, and WhatsApp
Rachel Metz / Bloomberg:
OpenAI makes ChatGPT Search available to logged-in users, not just subscribers, and says users can set ChatGPT Search as their browser's default search engine
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