CyberTechMag

Wall Street Journal : How Hangzhou, home to DeepSeek and Alibaba, became China's AI hub as the government builds a Silicon Valley-inspired innovation corridor in the city's west   —  Money, talent and entrepreneurial spirit have turned DeepSeek's hometown into a global AI hub  —  HANGZHOU, China … from Techmeme https://ift.tt/XQnSbG8 via IFTTT

Please clap for Techmeme Techmeme turns 20 freaking years old today. This is our self-congratulatory post marking the occasion. Please share, retweet, and offer your sincerest congratulations. And thanks to so many of you for reading us all these years. Now if Techmeme is new to you, here's a short definition: Techmeme is a news aggregator highlighting the latest news reports that tech industry leaders need to be aware of, placed alongside contrasting perspectives from social media and other outlets. Now that's a little boring, so here's a more grandiose description: Techmeme is the one essential news site for tech founders, execs, investors, innovators, writers, and assorted thought leaders. It achieves this the only way possible: by being an aggregator that links out to the best reports on the latest key events in tech, ranks them, and commingles them with the most notable posts from social media and beyond. It's made possible through a unique approach to curati...

Nikou Asgari / Financial Times : How Coinbase is navigating the easing regulatory environment, increasing acceptance of crypto in the financial system, and intensifying competition   —  White House enthusiasm for digital assets boosts exchange's share price but is stoking heightened competition from Techmeme https://ift.tt/jyMc8ZX via IFTTT

Ben Fritz / Wall Street Journal : Penske Media sues Google, says ~20% of Google search results linking to its sites now include AI Overviews, and affiliate link revenue fell 33%+ since late 2024   —  Penske Media alleges artificial-intelligence-generated answers steal its content and have reduced traffic and revenue for its sites from Techmeme https://ift.tt/jSqmJda via IFTTT

Brian Kahn / Bloomberg : Lila Sciences, which uses AI to develop novel drugs and materials, raised $235M at a ~$1.23B valuation, after coming out of stealth in March with a $200M seed   —  Lila Sciences, which uses AI to develop novel drugs and materials, has received fresh funding led by Collective Global and Braidwell. from Techmeme https://ift.tt/9vRcCKb via IFTTT

Coco Feng / South China Morning Post : JD.com: sales of the iPhone 17 series in the first minute after pre-orders opened in China surpassed the first-day pre-order volume of 2024's iPhone 16 series   —  Pre-order sales of Apple's new iPhone 17 series have got off to a robust start in China, shattering previous records despite delays in the shipment of the iPhone Air. from Techmeme https://ift.tt/8Dnc6Yx via IFTTT

The Information : OpenAI projects that it will reduce the revenue share it pays to Microsoft from 20% this year to ~8% by 2030, potentially retaining over $50B more in revenue   —  As OpenAI irons out new terms of a partnership with Microsoft, it has told some shareholders that the percentage of revenue … from Techmeme https://ift.tt/Bh6PD82 via IFTTT

Tanaya Macheel / CNBC : Gemini opened up 32.2% at $37.01 per share in its Nasdaq debut, giving it a ~$4.4B market cap, after the Winklevoss' crypto exchange raised $425M in its IPO   —  Shares of Gemini Space Station soared as much as 40% on Friday after the exchange operator raised $425 million in an initial public offering. from Techmeme https://ift.tt/1jChd5N via IFTTT

Sarah Perez / TechCrunch : Mastodon plans to roll out quote posts next week, with safety features that give users several ways to control how their posts can be quoted, to avoid “dunking”   —  Mastodon, an open source, decentralized alternative to X, is rolling out a somewhat controversial feature by adding quote posts, which will launch next week. from Techmeme https://ift.tt/ytRaCDf via IFTTT

The Information : Sources: Polymarket considers an offer valuing it at ~$9B, up from $1B in the summer; Kalshi is close to raising money at a $5B valuation, up from $2B in June   —  Startups that enable people to bet on events such as the New York mayoral race, NFL games and the Federal Reserve rate decisions … from Techmeme https://ift.tt/NnsDcUR via IFTTT

Gabe Rivera / Techmeme News : On Techmeme's 20th birthday, its founder explains what's behind the site's consistency, debunks some supposed media trends, and outlines future directions   —  Please clap for Techmeme  —  Techmeme turns 20 freaking years old today.  This is our self-congratulatory post marking the occasion. from Techmeme https://ift.tt/eZ6tgFz via IFTTT

Jordan Novet / CNBC : Adobe reports Q3 revenue up 11% YoY to $5.99B, vs. $5.91B est., Digital Media revenue up 12% to $4.46B, and Digital Experience revenue up 9% to $1.48B   —  Adobe reported fiscal third-quarter results that topped analysts' estimates.  The design software maker's shares rose in extended trading. from Techmeme https://ift.tt/HkLWw7o via IFTTT

Blake Brittain / Reuters : Encyclopedia Britannica and Merriam-Webster sue Perplexity, alleging that it unlawfully scraped their websites and redirected their traffic to its AI summaries   —  Perplexity AI is the latest artificial intelligence company to be hit with a lawsuit by copyright holders … from Techmeme https://ift.tt/LYklyMO via IFTTT

The Information : OpenAI projects $200B in revenue in 2030, with R&D spending hitting ~45% of that, or ~$90B; R&D costs of Alphabet and others are currently 10%-20% of revenue   —  The most popular consumer internet services usually figure out how to make money even after a decade or more of losses. from Techmeme https://ift.tt/DxyjvgQ via IFTTT

Jody Godoy / Reuters : US Senator Ted Cruz introduces a bill that would let AI companies apply for exemptions from federal regulations to help them experiment with new technology   —  - Cruz bill would let AI companies apply for 2-year regulatory exemptions  — Consumer group concerned that White House would control process from Techmeme https://ift.tt/Pb8zOW0 via IFTTT

Alex Reisner / The Atlantic : Analysis: 13+ datasets used by tech companies without permission to train AI models contain 15.8M+ YouTube videos from 2M+ channels, including 1M how-to videos   —  Editor's note: This analysis is part of The Atlantic's investigation into how YouTube videos are taken to train AI tools. from Techmeme https://ift.tt/9dthK4e via IFTTT

Berber Jin / Wall Street Journal : Sources: OpenAI signed a contract with Oracle to purchase $300B in computing power, requiring 4.5 gigawatts of capacity, over roughly five years   —  The vast majority of new revenue revealed by Oracle will come from OpenAI deal, sources say  —  OpenAI signed a contract to purchase $300 billion … from Techmeme https://ift.tt/9KfqnOi via IFTTT

Jay Peters / The Verge : Apple unveils the $799+ Apple Watch Ultra 3, which now includes 5G, up to 42 hours of battery life, and satellite connectivity, shipping September 19   —  The newest Apple Watch Ultra is here. … Apple has announced its next high-end Apple Watch, the Apple Watch Ultra 3. from Techmeme https://ift.tt/nNeKC0d via IFTTT

Carl Franzen / VentureBeat : AI infrastructure company Pinecone's CEO Edo Liberty will step aside and into a new role as chief scientist; ex-Google executive Ash Ashutosh will become CEO   —  Pinecone, arguably the company most synonymous with the fast-growing vector database industry powering many generative AI large language model … from Techmeme https://ift.tt/ladpy5O via IFTTT

Barry Schwartz / Search Engine Roundtable : In a September 5 filing in the US v. Google ad tech trial, Google said “the open web is already in rapid decline”, contradicting Google's recent statements   —  Google's CEO, Sundar Pichai, said in May that web publishing is not dying. … But in a court document filed by Google … from Techmeme https://ift.tt/s1a5mjx via IFTTT