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August 30, 2024, 11:50 AM
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Top News

Greg Bensinger / Reuters:
Sources: Amazon's revamped “Remarkable” Alexa, due for release in October 2024, will be powered primarily by Anthropic's Claude, and cost $5 to $10 per month  —  Amazon's revamped Alexa due for release in October ahead of the U.S. holiday season will be powered primarily …
Ryan Smith / AnandTech:
AnandTech shuts down after covering PC and mobile hardware for over 27 years; publisher Future plans to keep AnandTech's website and articles live indefinitely  —  It is with great sadness that I find myself penning the hardest news post I've ever needed to write here at AnandTech.
Takashi Mochizuki / Bloomberg:
Sources: Tencent and NetEase reconsider or scale back Japanese game studio investments, after yielding few hit games and the Chinese market staged a comeback  —  - China's biggest game publishers are rethinking expansion plans  — ‘Wukong’ success also encouraged looking domestically for hits
Bloomberg:
Sources: Intel explores options after a 50%+ stock drop YTD, including splitting its product and foundry units and potentially scrapping some factory projects  —  - Once-dominant chipmaker looks to longtime bankers for help  — Possible moves could include split of product, foundry units
Bloomberg:
Sources: Nvidia, Apple, and Microsoft, the three most valuable tech companies, are in talks to participate in a funding round that would value OpenAI at $100B+  —  - Apple, Microsoft also have been in talks about participating  — Financing would value OpenAI at more than $100 billion
Leo Schwartz / Fortune:
Bridge, which aims to build a global payment network around stablecoins, raised $40M led by Sequoia and Ribbit, taking its total funding to $58M  —  The crypto industry has long sought a “killer app” to bring digital assets into the mainstream.  Recently, though, some are pointing …
Maxwell Zeff / TechCrunch:
Google rolls out Gmail Q&A, a feature that allows users who pay for Gemini to chat with the AI assistant about their emails, on Android and “coming soon to iOS”  —  Gmail users on Android devices can now chat directly with Google's AI assistant, Gemini, about their emails in the Gmail app.
Carl Franzen / VentureBeat:
Alibaba releases Qwen2-VL, a new AI model that it says can analyze videos longer than 20 minutes to summarize and answer questions about the videos' contents  —  Alibaba Cloud, the cloud services and storage division of the Chinese e-commerce giant, has announced the release of Qwen2-VL …
More: Qwen.  X: @alibaba_qwen, @altryne, @altryne, and @reach_vb.  Forums: r/LocalLLaMA
Rachel Graf / Bloomberg:
A federal judge dismisses a lawsuit claiming Elon Musk and Tesla pumped up Dogecoin into a “pyramid scheme”, finding that Musk's statements were “aspirational”  —  Investors who lost tens of thousands of dollars investing in the cryptocurrency faulted Musk for promoting …
Manish Singh / TechCrunch:
Investor note: 360 One valued Bengaluru-based VerSe, which runs popular news aggregator Dailyhunt, at $2.9B in June 2024, down from its ~$5B valuation in 2022  —  Indian tech and media startup VerSe, which operates popular news aggregator Dailyhunt, is worth about 42% below its last private valuation …
Daniel Carvalho / Bloomberg:
On August 18, a Brazilian Supreme Court justice blocked SpaceX's bank accounts and threatened to block X in Brazil, in a bid to force Elon Musk to pay X's fines  —  - Starlink bank accounts blocked to pay for fines on X  — Court threatens to block X for lack of Brazil representative
New York Times:
Sources: the cryptology part of France's charges against Pavel Durov raises concerns at providers of messaging apps with E2EE, like Signal, Apple, and WhatsApp  —  The criminal charges against Pavel Durov, Telegram's founder, raised concerns in Silicon Valley about encryption and the app's approach to privacy and security.
Saritha Rai / Bloomberg:
A look at Google's HeAR, a bioacoustics healthcare AI model trained on 300M sounds, including 100M coughs, to analyze users' coughs and detect tuberculosis  —  Google got together last week with an Indian AI startup to roll out a bioacoustics health-care model to detect disease from human sounds.

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From Mediagazer

Foo Yun Chee / Reuters:
The EU's General Court annuls a €1.49B antitrust fine imposed on Google in 2019 for abusing its dominance to prevent websites from using non-AdSense ad brokers

New York Times:
Axel Springer strikes a deal with KKR and CPP to split into two, with control of the publishing giant's classified ads business going to the PE firms

Caitlin Huston / The Hollywood Reporter:
Ted Sarandos calls on streaming rivals to release their viewership numbers, says Netflix can double its viewership with live events and Christmas Day NFL games

More News

Jay Peters / The Verge:
Meta is opening up Horizon Worlds to users aged 10 to 12 with parental approval, and rolls out a new age rating system for worlds to help parents supervise kids
Kif Leswing / CNBC:
Dell Q2: revenue up 9% YoY to $25.06B, vs. $24.53B est., servers and networking revenue up 80% to $7.76B, net income up 85% to $841M; DELL rose 3%+ after hours

Earlier Picks

Kyle Wiggers / TechCrunch:
Magic, which makes AI tools for coding and to automate software development tasks, raised $320M from Eric Schmidt and others, bringing its total raised to $465M
Ina Fried / Axios:
OpenAI says ChatGPT weekly active users doubled since last year to 200M+, 92% of Fortune 500 companies use its tools, and automated API usage doubled since July
Katie Paul / Reuters:
Meta says its Llama models were downloaded almost 350M times, are used by AT&T and others, and usage via cloud providers more than doubled from May to July 2024
Zack Whittaker / TechCrunch:
Google says Russia-linked APT29 is using exploits that are “identical or strikingly similar” to those previously made by spyware makers Intellexa and NSO Group
Shirin Ghaffary / Bloomberg:
The US says OpenAI and Anthropic agreed to give the US AI Safety Institute early access to major new AI models to test and evaluate their capabilities and risks
Nico Grant / New York Times:
Yelp sues Google, alleging Google abused its dominance in general search to gain an unfair advantage in the local search and local search advertising markets
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