Docs: OpenAI had $300M in monthly revenue in August, up 1,700% since early 2023, 350M MAUs in June, and expects ~$3.7B in annual sales but $5B in losses in 2024
As the company looks for more outside investors, documents reviewed by The New York Times show consumer fascination with ChatGPT and a serious need for more cash.
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker's Stash marketplace
The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services …
Google rolls out Gemini-powered contextual Smart Replies, which analyzes the context of an email and suggests a detailed reply, in Gmail for paid users
Following the announcement at I/O 2024, Google is now rolling out Contextual Smart Replies to Gmail for Android and iOS.
Sources: TSMC's execs took to calling Sam Altman a “podcasting bro” after he said it would take $7T and many years to build 36 chip plants to fulfill his vision
Sam Altman, OpenAI's chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials …
Steam changes its subscriber agreement, removing its forced arbitration policy and allowing gamers to take legal action against its parent company Valve
Steam just removed its forced arbitration policy, opening the door for lawsuits against its parent company, Valve.
Microsoft details how it has overhauled its controversial AI-powered Recall feature, including making it opt-in and giving users an option to uninstall
In response to security concerns, Microsoft is detailing how it has overhauled its controversial AI-powered Recall feature …
Mango DAO, Mango Labs, and Blockworks Foundation agree to destroy MNGO tokens and ask crypto exchanges to stop trading them as part of an SEC settlement
Mango DAO, Mango Labs and Blockworks Foundation agreed to settle charges with the U.S. Securities and Exchange Commission Friday.
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B
Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
The US DOJ charges three hackers employed by Iran's Revolutionary Guard for allegedly hacking Trump's presidential campaign and disseminating stolen info
Eric Tucker / Associated Press :
Meta will also block sharing of Ken Klippenstein's newsletter and other sources with the JD Vance dossier, citing foreign meddling and hacked materials policies
Here's the latest on how the social media titans who said it was wrong to “censor” the Hunter Biden laptop story in 2020 are justifying doing the same thing to the Vance dossier today: https://www.was...
The Irish Data Protection Commission wraps up an investigation into a 2019 breach, fining Meta €91M for violating GDPR rules by storing passwords in plain text
#privacy #Facebook #HaveIBeenPwned #DataBreach #Instagram — https://9to5mac.com/... X: Brian O'Donovan / @brianod_news : Breaking: Meta, the parent company of Facebook, Instagram and WhatsApp, has b...
Current and former staff say OpenAI has rushed product announcements and safety testing, lost its lead over rivals, and Altman is detached from the day-to-day
now it's just another tech company Ananya Gairola / Benzinga : OpenAI Execs Feared ChatGPT-Parent Would Collapse After Departure Of Ilya Sutskever, Tried To Woo Him Back And Almost Succeeded: Report S...
Sources: Apple rethinks its movie strategy, including rolling back theatrical releases and cutting budgets for most to under $100M, after some box office misses
Bloomberg :
SEMI: China is projected to invest $100B+ on chipmaking equipment from 2025 to 2027, followed by South Korea at $81B, Taiwan at $75B, and the Americas at $63B
Semiconductor manufacturers will spend a record $400 billion on computer chip-making equipment in 2025-2027 …
A profile of Internet Archive founder Brewster Kahle, as the service fights existential battles over copyright, including from music labels like UMG
The web's collective memory is stored in the servers of the Internet Archive. Legal battles threaten to wipe it all away. Threads: @wired . Mastodon: @Jayhoffmann@mastodon.social . X: @knibbs and @kn...
Sources: China is discouraging local companies from purchasing Nvidia's H20 chips to help expand the country's semiconductor industry and counter US sanctions
China also doesn't want to hurt its own startups by fully cutting them off from the best (read: Nvidia) chips https://www.bloomberg.com/... Paul Triolo / @pstasiatech : China Urges Local Companies to ...
Chinese state media has embraced the success of Black Myth: Wukong, a Chinese AAA game that has sold 20M+ copies globally, hailing it as a soft power export
China is changing its long-critical stance thanks to the smash hit, according to Chinese game developers and industry analysts. X: @sluongng , @wstv_lizzi , @wstv_lizzi , @restofworld , @restofworld ,...
Neo-Nazis are creating AI videos of Hitler making English versions of his speeches and to rebrand him as “misunderstood” via TikTok, X, Instagram, and YouTube
There are good reasons for students to learn about the madmen of history. … Threads: Casey Newton / @crumbler : Why would they post on these platforms when Substack is right there Will Oremus / @willo...
A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China
Rolfe Winkler / Wall Street Journal : X: @dseetharaman , @jchengwsj , @laurenbalik , @heathernauert , @jchengwsj , @jchengwsj , @rolfewinkler , @rolfewinkler , @stephpstrong , and @jchengwsj . Linked...
Mendaera, which is developing a robotic system with real-time imaging and AI for use in interventional radiology, raised a $73M Series B led by Threshold
Marty Stempniak / Radiology Business :
Sources: OpenAI expects its revenue to grow to $11.6B in 2025; ChatGPT has 10M paying users and could bring in $2.7B in revenue in 2024, up from $700M in 2023
Thrive Capital is investing more than $1 billion of OpenAI's current $6.5 billion fundraising round, and it has a sweetener …
The demand for the X100 series of point-and-shoot digital cameras has driven big profits for Fujifilm after the X100V went viral on TikTok in September 2022
Curtis Heinzl / Bloomberg : X: @newley and @business X: Newley Purnell / @newley : TikTok's love of the Fujifilm X100V has driven big profits for the Japanese company, which initially struggled to co...
Kaspersky confirms that it has replaced the antivirus software on its US customers' computers with software called UltraAV, owned by American company Pango
Spokesperson said it was to “ensure” users protection. It's worth noting that when users uninstall a third-party antivirus on Windows, Microsoft Defender automatically turns on. …
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