Reading List
The most recent articles from a list of feeds I subscribe to.
Sources: OpenAI is in talks to raise up to $30B from Nvidia, less than $10B from Microsoft, and $10B-$20B from Amazon as part of a $100B funding round (Sri Muppidi/The Information)
Sri Muppidi / The Information:
Sources: OpenAI is in talks to raise up to $30B from Nvidia, less than $10B from Microsoft, and $10B-$20B from Amazon as part of a $100B funding round — OpenAI is lining up huge checks from some of its biggest tech partners, as it seeks to raise up to $100 billion to fund growing demand for its AI.
Google agrees to pay $135M to settle a proposed class action lawsuit alleging that the tech giant programmed Android to illegally collect users' cellular data (Jonathan Stempel/Reuters)
Jonathan Stempel / Reuters:
Google agrees to pay $135M to settle a proposed class action lawsuit alleging that the tech giant programmed Android to illegally collect users' cellular data — Google will pay $135 million to settle a proposed class action by smartphone users who accused Google of programming …
The UK's Advertising Standards Authority bans some Coinbase ads, finding them "irresponsible" for suggesting crypto as a solution to the cost of living crisis (Tom Knowles/The Guardian)
Tom Knowles / The Guardian:
The UK's Advertising Standards Authority bans some Coinbase ads, finding them “irresponsible” for suggesting crypto as a solution to the cost of living crisis — Advertising Standards Authority says firm advised by George Osborne ‘trivialised risks of cryptocurrency’
LinkedIn's Q2 revenue rose 11% YoY, topping $5B for the first time, giving LinkedIn an annual run rate of $20B+; Satya Nadella said paid video ads grew 30% YoY (Todd Bishop/GeekWire)
Todd Bishop / GeekWire:
LinkedIn's Q2 revenue rose 11% YoY, topping $5B for the first time, giving LinkedIn an annual run rate of $20B+; Satya Nadella said paid video ads grew 30% YoY — Remember when everyone said Microsoft overpaid for LinkedIn? Nearly a decade later, the $26.2 billion “overpriced” …
Samsung reports Q4 revenue up 24% YoY to ~$65.6B, vs. ~$65.28B est., and operating profit up 200%+ to ~$14.06B, driven by memory chip price surge and HBM demand (Dylan Butts/CNBC)
Dylan Butts / CNBC:
Samsung reports Q4 revenue up 24% YoY to ~$65.6B, vs. ~$65.28B est., and operating profit up 200%+ to ~$14.06B, driven by memory chip price surge and HBM demand — Samsung Electronics shares rose 2.4% Thursday after the company reported an over threefold surge in fourth-quarter operating profits …