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October 2, 2024, 6:30 PM
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| Ina Fried / Axios: |
OpenAI raised $6.6B led by Thrive Capital, the largest VC deal of all time, valuing it at $157B, with participation from Microsoft, Nvidia, SoftBank, and others — - Not taking part, a source confirms, is Apple, which reportedly had been in talks to invest.
More: OpenAI, Reuters, Wall Street Journal, CNBC, The Information, Ed Zitron's Where's Your Ed At, The Verge, PYMNTS.com, Bloomberg, VentureBeat, The Information, GeekWire, Engadget, Capital Brief, Business Insider, Crunchbase News, Reuters, PaymentSecurity.io, Maginative, Newser, TechCrunch, Deadline, Quartz, The Decoder, Spyglass, Futurism, Crypto Briefing, Cryptopolitan, Channel NewsAsia, The Hollywood Reporter, Deccan Herald, CCN.com, and Coverager
Threads: @alexkantrowitz and @alexheath
Bluesky: @glinden.bsky.social and @electriceden92.bsky.social
X: @scobleizer, @azeem, @alice_comfy, @jason, @stephenfleming, @andrewcurran_, @amitisinvesting, @peter_atwater, @danprimack, @elonmusk, @modestproposal1, @coryweinberg, and @kateclarktweets. LinkedIn: Matt Kroll
Forums: r/OpenAI and r/singularity
| Financial Times: |
Sources: OpenAI has asked investors to avoid backing rival startups such as Anthropic and xAI, an exclusive funding arrangement to keep its generative AI lead — Sam Altman-led group wants exclusive arrangement as it secures $6.6bn funding round — OpenAI has asked investors …
More: Reuters, Gizmodo, Los Angeles Times, Business Insider, Wccftech, Semafor, Tech Xplore, and The Independent
Bluesky: @zitron.bsky.social. X: @marvintbaumann, @bgurley, @luke_metro, @elonmusk, @inartecarlodoss, @mikeisaac, @sawyermerritt, @loudmouthjulia, @eringriffith, @8teapi, and @rabois. Forums: r/ChatGPT
| Cade Metz / New York Times: |
More: The Daily Upside, Benzinga, Ars Technica, The Guardian, Business Insider, Washington Post, Neowin, Financial Times, The Times, The Information, Business Standard, Tech Startups, Originally Reported …, KSTP-TV, Cointelegraph, Mashable, Forbes, Invezz, Nairametrics, Fortune, MacDailyNews, Barron's Online, The Decoder, The Wrap, Variety, TVNewsCheck, Crypto Briefing, CryptoSlate, Business Times, CoinGape, and VC News Daily. Forums: Hacker News
| Abner Li / 9to5Google: |
Google updates Gmail for Android and iOS with new summary cards that are more glanceable and actionable and a new “Happening soon” section above the inbox — Gmail for Android and iOS are getting new summary cards that are more glanceable and actionable, with Google also directly surfacing them in your inbox.| Daniel Thomas / Financial Times: |
Amazon plans to increase the number of ads on Prime Video in 2025 after not seeing a sharp drop in subscribers since adding advertisements in January 2024 — Ecommerce group attempting to win over more brands as it steps up push into ad-funded streaming services in 2025
More: PYMNTS.com, The Information, How-To Geek, Engadget, MobileSyrup, Quartz, PhoneArena, Deadline, ChannelX, MarketWatch, and Digiday
Bluesky: @jenncutter.bsky.social. X: @sambad57, @raydouglasuk, and @shuttlecock. Forums: r/television
| Bloomberg: |
Poolside, which is building AI-assisted software development tools, raised a $500M Series B led by Bain Capital Ventures, reportedly at a $3B valuation — - Company hasn't released its product or given a launch timeline — Investment shows continued investor appetite for AI startups
More: TechCrunch, poolside, Sifted, FinSMEs, Crunchbase News, and poolside
X: @liamboogar, @almonk, @almonk, @danprimack, @jacobeffron, @ericabrescia, @pengmingwang, @redpoint, and @terronk
| Ryan McNeal / Android Authority: |
Amazon announces a new lineup of Fire HD 8 tablets, with 50% more RAM than the previous models, and three new generative AI features for compatible Fire tablets — Amazon launches new Fire HD 8 tablets, rolls out three new AI features. — • — TL;DR — Amazon is launching a new lineup of Fire HD 8 tablets.| Dylan Martin / CRN: |
Accenture says it will train 30,000 employees on Nvidia technology and start a new Nvidia Business Group focused on driving enterprise adoption of AI agents — The global services powerhouse says its newly formed Nvidia Business Group will focus on driving enterprise adoption …
More: TipRanks Financial, Accenture, Investing.com, Seeking Alpha, Wall Street Journal, CNBC Television on YouTube, CNBC Television on YouTube, The Hindu, Bloomberg, Benzinga, Channel Futures, Investor's Business Daily, Proactiveinvestors UK, Neowin, CIO.com, Moneycontrol, VentureBeat, TechInformed, SiliconANGLE, InformationWeek, and AIM
| Erin Griffith / New York Times: |
VC firm CRV plans to return $275M from its $500M Select fund, citing worsening market conditions and high startup valuations relative to their potential payoff — CRV, based in Silicon Valley, plans to return to investors $275 million because the market for mature start-ups has soured.
More: Cautious Optimism and Moneycontrol
Mastodon: @remixtures@tldr.nettime.org. X: @varun_mathur, @pitdesi, @bryce, @kevinbeatty, @crv, @denehyxxl, @bgurley, and @saarsaar
| Tom Warren / The Verge: |
Microsoft releases a $150 standalone version of Office 2024 for consumers and SMBs, with core app updates and UI changes; the last standalone was Office 2021 — Microsoft is releasing a new version of Office this week, designed for people that don't want to subscribe to Microsoft 365.
More: Microsoft 365 Blog, MacRumors, Ars Technica, ZDNET, Tom's Guide, XDA Developers, GreenBot, Windows Central, CNET, Macworld, TechSpot, WinBuzzer, Apple Must, PCWorld, iClarified, AppleInsider, 9to5Mac, TechRadar, BGR, NewsBytes, Notebookcheck, Neowin, Thurrott, and How-To Geek. Forums: r/apple
| Akila Quinio / Financial Times: |
The UK FCA fines Starling Bank £29M over its “shockingly lax” controls against financial crime, like potential money laundering and sanctions breaches — FCA said lender's efforts to identify potential money laundering ‘did not keep pace’ with its growth
More: Financial Conduct Authority, CNBC, The Guardian, Sky News, The Paypers, The Times, Tech Startups, PYMNTS.com, TechCrunch, Bloomberg, London Evening Standard, The Crypto Times, The Stack, UKTN, Tech.eu, Fintech Finance, City A.M., Finextra, Press Association, and Protos
X: @thefca and @emilyjnicolle
| Akila Quinio / Financial Times: |
Meta rolls out Fraud Intelligence Reciprocal Exchange to let UK banks share transaction intel to help catch scammers, after a pilot with NatWest and Metro Bank — Tech group to roll out channel for sharing of transaction intelligence — Facebook owner Meta is launching a data-sharing partnership …
More: Meta, Finextra, Neowin, PYMNTS.com, The Mirror, Invezz, Tech Monitor, CNBC, City A.M., American Banker, and UKTN. LinkedIn: Harry White
| Cristina Criddle / Financial Times: |
Character.AI CEO Dominic Perella says the startup has largely abandoned building AI models after Google poached its founders, focusing on its chatbots instead — AI start-up's new chief says race to build large language models against Big Tech got ‘insanely expensive’| Emma Roth / The Verge: |
Automattic demanded an 8% cut of WP Engine's monthly revenue to use the WordPress trademark in a seven-year deal proposed on September 20; WP Engine declined — Automattic, the parent company of WordPress.com, asked rival hosting service WP Engine to hand over 8 percent of its revenue each month …
More: Dries Buytaert, Automattic, and The New Stack
Mastodon: @j12t@j12t.social. X: @crowdersoup, @photomatt, @hashim_warren, @automattic, @ryancduff, @tealou, @bwhalley, @quinnypig, @jeffseverson, @dcurtis, and @ozskier. Forums: Hacker News
| Bloomberg: |
Sources: Google teams in recent months have made progress on AI reasoning models, akin to OpenAI's o1; source: some at DeepMind are worried about falling behind — The push deepens the search giant's rivalry with OpenAI — Google is working on artificial intelligence software that resembles …
More: Neowin, Quartz, The Crypto Times, TechRadar, The Decoder, and NewsBytes. Forums: r/singularity
| Sebastiaan de With / Lux: |
iPhone 16 Pro camera review: overall image and quality of life improvements, and Camera Control, Zero Shutter Lag, and its advanced Photographic Styles impress — For the first “Desert Titanium” iPhone, we took over 1000 photos and videos in the desert. Take a deep dive into what's new — and why it's close to the last of its kind.
More: Mashable, How-To Geek, 9to5Mac, Gizmochina, Creative Bloq, MacDailyNews, TechTablets on YouTube, Tyler Stalman on YouTube, iCaveDave on YouTube, The Korea Herald, MacRumors, PetaPixel, Fast Company, The Verge, Fast Company, AppleInsider, Ben Sandofsky on YouTube, and 9to5Mac
Threads: @sandofsky. X: @jimmyjamesuk123, @app_settings, @sdw, @robswish, @sdw, @durreadan01, @sdw, @bawan__abdul, @sandofsky, @halidecamera, and @sdw. Forums: MacRumors Forums
| Kevin Roose / New York Times: |
Some iOS developers worry that an iOS 18 change letting users choose contacts an app can access may make growing social apps hard; Apple says it boosts privacy — This year, when Apple announced iOS 18, the latest version of its mobile operating system, most of the attention went to its slate of new artificial intelligence features.
More: XDA Developers, OS X Daily, 9to5Mac, Cult of Mac, and Tech Advisor
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| Krystal Hu / Reuters: |
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