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October 3, 2024, 3:00 PM
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| Hayden Field / CNBC: |
OpenAI gets a $4B revolving line of credit from JPMorgan Chase, Citi, Goldman Sachs, and others, on top of the $6.6B in funding, bringing its liquidity to $10B+ — OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned.
More: OpenAI, Engadget, TechCrunch, Business Standard, Bloomberg, Bloomberg, CoinGape, Quartz, and Axios
X: @divestech, @emostaque, @ericgarland, @ryan_browne_, @amir, @beth_kindig, @beth_kindig, @morningbrew, @bgurley, @semil, @rohanpaul_ai, @andrewcurran_, @grady_booch, @togelius, and @haydenfield. Forums: Slashdot
| 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: Reuters, OpenAI, Reuters, Wall Street Journal, PYMNTS.com, Computerworld, Investor's Business Daily, CNBC, DatacenterDynamics, Ed Zitron's Where's Your Ed At, The Guardian, Watcher Guru, Business Insider, Spyglass, Android Headlines, Digital Trends, Entrepreneur, Quartz, Futurism, The Verge, Sector 6, Windows Central, Financial Times, Tech Monitor, Axios, Silicon Republic, PhoneArena, Forbes, The Ankler, Business Insider, CCN.com, Tech Funding News, The Express Tribune, Barron's Online, Light Reading, The Mirror, Livemint, AIM, Business Standard, Al Bawaba, The Decoder, Interesting Engineering, Proactive, Inc.com, ITPro, The Information, Coinpedia Fintech News, Silicon Canals, Business Insider, Hindustan Times, Bloomberg, Los Angeles Times, Business Today, SmartCompany, Benzinga, The Information, San Francisco Business Times, Deadline, Futurism, Quartz, TechCrunch, and Financial Times
Threads: @alexkantrowitz. Bluesky: @glinden.bsky.social. X: @garymarcus, @edzitron, @garymarcus, @jason, @danprimack, @edzitron, @modestproposal1, @elonmusk, @danprimack, @kateclarktweets, @alice_comfy, @coryweinberg, @stephenfleming, @azeem, @peter_atwater, @scobleizer, @andrewcurran_, @amitisinvesting, and @jason
LinkedIn: Emil Protalinski and Matt Kroll
Forums: r/OpenAI, r/mlscaling, and r/singularity
| Rachel Metz / Bloomberg: |
How Sam Altman concentrated his power as OpenAI's CEO since he was fired and rehired 11 months ago; source: Altman is not looking to hire a CTO for now — Five years ago, OpenAI was a scrappy startup run by a handful of executives, with a heavy emphasis on research.| Emma Roth / The Verge: |
Google rolls out ads in AI Overviews for when a user's question has a “commercial angle”, and identifies the ads with a “sponsored” header, on mobile in the US — Google is rolling out ads in AI Overviews, which means you'll now start seeing products in some of the search engine's AI-generated summaries.| Kyle Wiggers / TechCrunch: |
Google rolls out AI-organized Search results in the US on mobile, showing users AI-aggregated pages of content from forums, articles, YouTube videos, and more — Google will begin to show ads in AI Overviews, the AI-generated summaries it supplies for certain Google Search queries … | Emma Roth / The Verge: |
Google updates Lens to let users take a video and use their voice to search, showing an AI Overview and search results, rolling out to Search Labs on mobile — If you can't capture what you want to search for with just a picture, Google Lens will now let you take a video — and even use your voice to ask about what you're seeing.
More: The Keyword, The Keyword, Semafor, Wired, The Register, Search Engine Land, Android Police, The Independent, Android Authority, Engadget, 9to5Google, Google Help Center, Search Engine Land, The Keyword, TechCrunch, MediaPost, Android Central, iPhone in Canada Blog, Yahoo Finance, BGR, BBC, Business Insider, Mashable, TechRadar, and Digital Trends
| Bill Toulas / BleepingComputer: |
Researchers: hackers are actively exploiting an RCE vulnerability in Zimbra email servers, disclosed on September 27, triggered by emailing the SMTP server — Hackers are actively exploiting a recently disclosed RCE vulnerability in Zimbra email servers that can be triggered simply … | Sarah Perez / TechCrunch: |
YouTube updates Shorts with the ability for creators to upload up to three-minute videos, a streamlined Shorts player, templates, and a new trends mobile page — YouTube on Thursday announced a series of updates for its short-form video product, YouTube Shorts.
More: YouTube Official Blog, The Verge, Thurrott, 9to5Google, Engadget, PhoneArena, Dexerto, MakeUseOf, What's Trending, Variety, and Mashable
| Maxwell Zeff / TechCrunch: |
OpenAI introduces canvas, a beta interface for Plus and Teams users that opens a separate window, beside the normal chat window, for writing and coding projects — OpenAI introduced a new way to interact with ChatGPT on Thursday: an interface it calls “canvas.”
More: OpenAI, VentureBeat, Neowin, Tom's Guide, Maginative, Wired, Every, GreenBot, and ZDNET
X: @openai, @btibor91, @pranaveight, @bilawalsidhu, @localghost, @emollick, @deedydas, @nbashaw, @maxwinebach, @paul_cal, @morqon, @noahlt, @andrewcurran_, @_jasonwei, @stokel, @reece___rogers, @ryanmorrisonjer, @benjamindekr, @ctjlewis, @yoheinakajima, @emollick, @karinanguyen_, @itsurboyevan, @gdb, @sulmanrc, @openai, @iansilber, @ericsmith1302, @openai, @bradlightcap, @danielmiessler, @openai, @rowancheung, @romainhuet, and @openaidevs
| Ivan Mehta / TechCrunch: |
WP Engine files a lawsuit in California against Automattic and WordPress co-founder Matt Mullenweg, accusing them of “abuse of power, extortion, and greed” — Web hosting provider WP Engine has filed a lawsuit against Automattic, and WordPress co-founder Matt Mullenweg, accusing them of extortion and abuse of power.
More: Kellie Peterson, The Verge, Engadget, Silicon Republic, WP Engine, Tedium, San Francisco Business Times, Search Engine Journal, GreenBot, Automattic, TechRadar, and The Register
Mastodon: @aardrian@toot.cafe. X: @gergelyorosz, @wpengine, @blackqueeriroh, @cowkitty, @hashim_warren, @jeffr0, @hashim_warren, @zimm3rmann, @ericlbarnes, @ryancduff, @ryancduff, @automattic, @ryancduff, @chriswallace, @ctrlaltdwayne, @billy_boozer, @dwlz, @bgardner, @miprofithunter, @kellie, and @sc_codeum
| Nicola M. White / Bloomberg: |
Gurbir Grewal, the US SEC's top enforcement official since 2021, who oversaw 2,400+ enforcement actions and the crypto crackdown, plans to leave on October 11 — - Grewal helped lead WhatsApp probes, crypto industry crackdown — SEC official was previously New Jersey's attorney general
More: US Securities …, Unchained, The Crypto Times, CCN.com, Cryptopolitan, CryptoGlobe, Cryptonews, Wall Street Journal, and crypto.news. X: @secgov
| Ivan Mehta / TechCrunch: |
Spotify launches Offline Backup, which automatically makes recently streamed and now playing queued songs available as an offline playlist for Premium users — Spotify introduced a new feature today called Offline Backup. This feature for premium users is essentially a list of songs …
More: Spotify, CNET, Gizmodo, Android Authority, How-To Geek, Thurrott, MobileSyrup, Tech Advisor, The Verge, Engadget, T3, TechRadar, MSPoweruser, iPhone in Canada Blog, Mashable, MakeUseOf, PhoneArena, and GSMArena.com. LinkedIn: Mikael Bolle
| Joseph Cox / 404 Media: |
Two Harvard students demo using Ray-Ban Meta Smart Glasses, PimEyes, and other tools to instantly identify strangers' names, phone numbers, addresses, and more — The technology, which marries Meta's smart Ray Ban glasses with the facial recognition service Pimeyes and some other tools …
More: TechCrunch, The Verge, Ars Technica, The Sun, CNET, New York Post, Lowpass, Pocket-lint, Engadget, KnowTechie, Redmond Pie, Futurism, CryptoGlobe, Forbes, Daily Mail, TechSpot, WinBuzzer, Malwarebytes, The Indian Express, Cybernews.com, Spyglass, Benzinga, Android Police, Kotaku, How-To Geek, Six Colors, MacRumors, Gizmodo, TechCrunch, and I-XRAY
Threads: @alexheath, @matthewraifman, @jendiagammon, and @jank0
Mastodon: @Theeo123@mastodon.social, @benschwarz@front-end.social, @Jessicascott09@infosec …, @mvsde@mastodon.social, @ErikJonker@mastodon.social, @sawaba@infosec.exchange, @sawaba@infosec.exchange, @codepo8@toot.cafe, and @josephcox@infosec.exchange
Bluesky: @polotek.bsky.social, @ishigh.lol, @jameskelleher.pilcrow.ie, @wolvendamien.bsky.social, @golikehellmachine.com, @vmcntosh.bsky.social, and @napsandsarcasm.bsky.social
| Katrina Manson / Bloomberg: |
The US and Microsoft seize 107 websites used by Russian intelligence agents and their proxies in the US operating under Star Blizzard, a group active since 2016 — - Russian group Star Blizzard targeted civil society, US says — Group has conducted election influence operations in UK| Allison Johnson / The Verge: |
Google expands conversational AI voice chat Gemini Live's language support to French, German, Portuguese, Hindi, and Spanish, after launching in English — Google initially rolled out Gemini Live, its conversational AI voice chat, in just one language: English.
More: The Keyword, Neowin, Google Help Center, The Week, GSMArena.com, PhoneArena, Business Standard, Android Authority, Droid Life, 9to5Google, SamMobile, Tom's Guide, The Economic Times, Wccftech, Android Police, The Hindu BusinessLine, The Indian Express, Digital Trends, Hindustan Times, and Livemint
| Victoria Song / The Verge: |
Oura unveils the $349+ Oura Ring 4, featuring a slimmer design, improved accuracy, and more sizes, shipping October 15, and completely redesigns the Oura app — Oura is giving its popular smart ring and app a substantial makeover. The company just announced the $349 Oura Ring 4 …
More: 9to5Google, ZDNET, Livemint, HotHardware, Droid Life, Engadget, The Shortcut, Cult of Mac, Quartz, Cybernews.com, 9to5Mac, Wareable, Android Headlines, Neowin, MacRumors, Gadgets & Wearables, iClarified, Gizmodo, CNET, WWD, Android Police, Tom's Guide, CNBC, TechCrunch, and Notebookcheck. Forums: r/ouraring
| Kyle Wiggers / TechCrunch: |
Black Forest Labs, whose Flux.1 model powers Grok's image generator, launches an API in beta and its latest image generation model, Flux1.1 Pro, for 2K images — Black Forest Labs, the Andreessen Horowitz-backed startup behind the image generation model in xAI's Grok assistant, has launched an API in beta — and released a new model.
More: Black Forest Labs, VentureBeat, and Maginative
| Thomas Claburn / The Register: |
Co-founders Tim Berners-Lee and Rosemary Leith plan to close the World Wide Web Foundation after 15 years of fighting to make the web safer and more accessible — Who wants to join his so Solid crew? — After fifteen years of fighting to make the web safer and more accessible, the World Wide Web Foundation is shutting down.
More: World Wide Web Foundation, PCWorld, WinBuzzer, Fortune, TechSpot, Computerworld, and TechRadar
| Paige Smith / Bloomberg: |
PayPal completes its first business payment using its proprietary PYUSD stablecoin, paying an E&Y invoice on September 23 via SAP's digital currency hub — SAP's platform, known as the digital currency hub, allows enterprises to send and receive digital payments instantly, around the clock.
More: Cryptopolitan, Finextra, The Crypto Basic, Coinbase, and Tomasz Tunguz
LinkedIn: Brian Stern, Smitha Purohit, Rebecca Carvatt, Jose Fernandez da Ponte, and May Z.. Forums: Slashdot
| Sarah McBride / Bloomberg: |
PitchBook: Q3 US VC investments rose ~8% YoY to $37.9B across 3,777 deals; AI startups got 36% of the deal value and 27% of the deal count from Q1 to Q3 2024 — Artificial intelligence firms received more than one-third of the funds in the third quarter.
More: Cautious Optimism, SiliconANGLE, PitchBook, and PitchBook
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