Snap likes to cast its Snapchat app as âan antidote to social media.â Unlike its rival social media apps, Snapchat was âdesigned to be safeâ for kids, the company claims. But designing something to be safe and actually making it safe arenât the same things.How Snap has fallen short on this front became clear from an unredacted version of a complaint against the company filed today by the New Mexico... Read more âș
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The internet didnât hold back in mocking OpenAI and SoftBank in response to my scoop on SoftBankâs Vision Fund investing $500 million at a $150 billion pre-investment valuation in the ChatGPT developer. The commentators quickly interpreted the Japanese telecom giantâs participation in the financing as a sign that the artificial intelligence market is peaking.Itâs become clear that the investment firms keen to support OpenAIâs mega-financing are the same ones that... Read more âș
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About 12 years ago, YouTube started sending out physical awards when creators hit certain subscriber milestones. Those silver and gold plaques, known as Play Buttons, have become coveted status symbols for YouTubers and a welcome recognition of their hard work. But as YouTube leaders bring a new focus on financial discipline, the video-sharing site has reduced the size of the plaques, it recently announced on a support page. For example,... Read more âș
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Barret Zoph, a key OpenAI leader who announced his departure last week alongside CTO Mira Murati and Chief Research Officer Bob McGrew, has said he plans to launch a new company, according to a person who spoke with Zoph. Itâs unclear what artificial intelligence Zoph may develop or if he will ... Read more âș
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Earlier this year, Google staffers began pitching their counterparts at Samsungâa longtime Google hardware partnerâon an idea for a new collaboration between the companies: high-tech glasses. At the time, another big tech company, Meta Platforms, was starting to see success from its own Ray-Ban smart glasses, which allowed people to record video and listen to music. The artificial intelligence boom had sparked even more excitement about the category, with Meta... Read more âș
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Microsoft is adding new features to its consumer-focused artificial intelligence Copilot app, including a âvoiceâ mode that lets people talk to the chatbot, which can respond out loud, and a âvisionâ mode that lets the chatbot see whatâs happening on a userâs screen and answer questions about ... Read more âș
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A federal judge dismissed part of the U.S. Federal Trade Commissionâs broad antitrust suit against Amazon, according to a late Monday court filing. It was not clear which parts of the suit, which alleges a wide range of anticompetitive conduct, had been dismissed. Amazon and the FTC have until ... Read more âș
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Before we get to todayâs newsletter, just a reminder that OpenAI will be holding its Dev Day event in San Francisco today. (This is just one of three developer-focused events the ChatGPT maker is hosting over the next two months, compared to the one-and-done approach from last year.)For those hoping for GPT-5, donât hold your breath. Romain Huet, OpenAIâs head of developer experience, said on X a few days ago... Read more âș
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Lightspeed Venture Partners is raising money for three new funds that could total around $7 billion, according to a person who has discussed the fundraising with the firmâs partners. Itâs the latest firm seeking to raise billions after a period when institutional investors pulled back from venture capital. Close to 40% of the new money will go to an opportunity fund that will make follow-on investments in its portfolio companies... Read more âș
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SoftBankâs Vision Fund has agreed to invest $500 million in OpenAIâs latest funding round, which values the developer of ChatGPT at $150 billion before the investment, The Information reported Monday. The deal would represent SoftBankâs first investment in OpenAI and its largest bet on ... Read more âș
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If youâre like me, youâre getting political fundraising text messages roughly every 15 minutes these days. But political candidates arenât the only people raising money aggressively right now. There are also AI startup executives, most obviously the folks at OpenAI. Today we scooped the news that SoftBank is putting $500 million into OpenAI as part of a fundraising which is expected to raise $6.5 billion at a $150 billion valuation.... Read more âș
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Sunnyvale-based Cerebras, which designs chips for training and running artificial intelligence models, disclosed in a prospectus for an initial public offering that it lost $127 million last year on $78 million in revenue. Still, the startupâs revenue rose sharply in the first six months of ... Read more âș
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Satellite TV firms DirecTV and Dish Network are planning to merge, not for the first time. DirecTVâs parent, TPG, said Monday it would buy Dish Network for $1 plus assumption of about $10 billion in debt. At the same time, TPG is buying full ownership of DirecTV from AT&T for $7.6 ... Read more âș
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Thrive Capital has raised $391.3 million in new capital for an investment vehicle associated with its $3.5 billion growth fund launched in August, according to a securities filing. In March 2023, Thrive similarly raised $744.8 million for an special-purpose vehicle, a pool of capital dedicated ... Read more âș
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Epic Games on Monday sued Google and Samsung over claims that a new Samsung phone setting blocks app stores that compete with the Google Play app store, which is preloaded on devices powered by Googleâs Android software, including Samsungâs. Epic last year won an antitrust suit accusing Google ... Read more âș
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As OpenAI nears a much-needed capital raise, some investors in the company have privately voiced hope that its largest shareholder and benefactor, Microsoft, will relinquish its rights to a large share of OpenAIâs future profitsâan arrangement that effectively lowers the value of shares held by newer investors.I wouldnât bet on it.Microsoft has the power to veto any proposed changes to those profit rights, and its executives havenât wanted to change... Read more âș
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SoftBankâs Vision Fund has agreed to invest $500 million in OpenAIâs latest funding round, which values the developer of ChatGPT at $150 billion before the investment, a person familiar with the deal said. The deal represents SoftBankâs first investment in the Sam Altman-led company. SoftBank joins lead investor Thrive Capital, which is investing over $1 billion in the round. Tiger Global Management, Coatue Management and Microsoft are also participating in... Read more âș
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The race to get self-driving taxis on the road is accelerating. Elon Muskâs Tesla plans to reveal its long-awaited prototype of one such vehicle on Oct. 10, while Alphabet-owned Waymo announced last month that its autonomous vehicles soon would be available for Uber customers in Austin, Texas, and Atlanta. These moves, along with Waymoâs recent success running a robotaxi service in Phoenix, Los Angeles and San Francisco that it says... Read more âș
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California Gov. Gavin Newsom vetoed legislation Sunday that would have imposed new regulations on artificial intelligence and exposed deep divisions in the tech industry. SB 1047, authored by state Sen. Scott Wiener, would have created a new oversight body to issue regulations and approve new AI ... Read more âș
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Welcome, Weekenders! In this newsletter:âąThe Big Read: How YouTuber Mark Rober got inside the heads of Silicon Valley families. âąÂ The Top 5: The best trails to use e-bikes to get out of your cars and smell Mother Nature. âą Plus: A new album from electronic artist Jamie xx; a Batman villain spreads his wings; and the origins of reality television.Just when you thought OpenAI had filled its quota of... Read more âș
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Most popular sources
Business Insider
|
33% 11 |
Tom's Hardware
|
8% 2 |
CNET
|
8% 5 |
Eurogamer.net
|
8% 7 |
The Verge
|
7% 4 |
| View sources » | |
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24.11.2024 18:02
Last update: 17:45 EDT.
News rating updated: 00:50.
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