Friday, October 11, 2024

CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months (Hayden Field/CNBC)

Hayden Field / CNBC:
CoreWeave says it has a new $650M credit line and has raised $12.7B from equity and debt investors in the past 18 months  —  CoreWeave, an Nvidia-backed artificial intelligence startup that rents out chips to other companies, announced Friday that it has a new $650 million credit line to expand its business and data center portfolio.



Some developers say OpenAI's GPT Store is a mixed bag, with revenue sharing reserved for a tiny number of GPT creators in an invite-only pilot program in the US (Lauren Goode/Wired)

Lauren Goode / Wired:
Some developers say OpenAI's GPT Store is a mixed bag, with revenue sharing reserved for a tiny number of GPT creators in an invite-only pilot program in the US  —  OpenAI promised payouts to custom GPT creators.  Now most are turning to outside sources for revenue.



Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; among who already invested in crypto, 33% plan for more by the end of 2024 (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg:
Report: 47% of traditional hedge funds have crypto investments, up from 29% in 2023; among who already invested in crypto, 33% plan for more by the end of 2024  —  - That's up from 29% last year, per new AIMA and PwC report  — Many traditional hedge funds are active in crypto derivatives



ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 on trust and safety; sources: 700 were laid off (Norman Goh/Nikkei Asia)

Norman Goh / Nikkei Asia:
ByteDance confirms laying off hundreds of TikTok content moderators in Malaysia and plans to invest $2B in 2024 on trust and safety; sources: 700 were laid off  —  KUALA LUMPUR — ByteDance, the parent company of social media platform TikTok, confirmed on Friday that it will be laying off hundreds …



Thursday, October 10, 2024

How Google plans to deflect and delay the US breakup threat; legal timelines may let it avoid changes for years, and a ruling on remedies may come in mid-2025 (Financial Times)

Financial Times:
How Google plans to deflect and delay the US breakup threat; legal timelines may let it avoid changes for years, and a ruling on remedies may come in mid-2025  —  Search group claims regulators are overreaching just as foreign and domestic rivals are gaining ground



Automattic demanding an 8% cut of WP Engine's revenue is a wanton violation of general open source ideals, and the damage could extend far beyond WordPress (David Heinemeier Hansson/HEY)

David Heinemeier Hansson / HEY:
Automattic demanding an 8% cut of WP Engine's revenue is a wanton violation of general open source ideals, and the damage could extend far beyond WordPress  —  Automattic demanding 8% of WP Engine's revenues because they're not “giving back enough” to WordPress is a wanton violation …



ByteDance launches its first earbuds, the open-ear wearables called Ola Friend, designed as an audio assistant, shipping on October 17 in China for ~$170 (Coco Feng/South China Morning Post)

Coco Feng / South China Morning Post:
ByteDance launches its first earbuds, the open-ear wearables called Ola Friend, designed as an audio assistant, shipping on October 17 in China for ~$170  —  The Ola Friend earphones are linked to ByteDance's self-developed chatbot, Doubao, currently China's most popular GenAI app



Arizona's Maricopa County is set to have the second largest concentration of US data centers by 2028, as the state races to increase electricity production (Pranshu Verma/Washington Post)

Pranshu Verma / Washington Post : Arizona's Maricopa County is set to have the second largest concentration of US data centers by 202...