Dwayne
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Sources: Chinese government hackers breached the US Treasury Department's OFAC, which administers economic sanctions, and two other Treasury offices (Washington Post)
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Pornhub now blocks users in 17 US states, including almost all of the South, after blocking Florida, Tennessee, and South Carolina due to age verification laws (Samantha Cole/404 Media)
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Huawei Rotating Chair Meng Wanzhou says the company is helping train 300,000+ tech students per year, in cooperation with 3,000+ universities in 110 countries (Nikkei Asia)
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Meta saying it expects AI characters to populate its apps is its friendly rebrand of an effective but alienating effort to automate social interactions (John Herrman/New York Magazine)
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The defense industry is poised for a deal surge as firms expand in AI, drones, and space systems; Bain: VC deal value in the sector has risen 18x in a decade (Sylvia Pfeifer/Financial Times)
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Elon Musk got new support for his OpenAI lawsuit in filings last week, including from tech advocacy group Encode, backed by AI researchers like Geoffrey Hinton (Gerrit De Vynck/Washington Post)
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A US judge blocks parts of California's SB 976, a law to protect kids from social media, citing 1A concerns, but allows a ban on "addictive feeds" for minors (Matt Simons/Courthouse News Service)
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OpenAI missed its goal to launch Media Manager, an opt-out tool for creators, by 2025; sources: the tool was rarely viewed as an important launch internally (Kyle Wiggers/TechCrunch)
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PitchBook: the number of VCs investing in US startups fell from a peak of 8,315 in 2021 to 6,175 in 2024; 9 firms raised 50%+ of the $71B raised by VCs in 2024 (George Hammond/Financial Times)
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Alibaba sells Sun Art Retail stake to PE firm DCP for ~$1.6B, after paying ~$3.6B in 2020 to double the stake to 70%+, as it focuses on its core online business (Bloomberg)
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Link-Busters, an anti-piracy company working for big publishers, passed 2B URL takedown requests sent to Google and is behind 50%+ of Google takedown requests (Ernesto Van der Sar/TorrentFreak)
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An investigation details how predatory men engage in the grooming of child influencers on Instagram under the guise of working as social media professionals (New York Times)
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As Beijing pushes for self-sufficiency in the $80B+ per year car chip business, sources say the use of homemade chips in Chinese cars has risen to around 15% (Wall Street Journal)
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KoBold Metals, which uses AI to sift through historical and scientific data to identify untapped mineral deposits, raised a $537M Series C at a $2.96B valuation (Camilla Hodgson/Financial Times)
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Government data: users on Douyin, WeChat, and other short video apps in China dropped for the first time to 1.05B in June 2024, down ~300M from December 2023 (Coco Feng/South China Morning Post)
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The US Treasury sanctions Iranian and Russian entities over attempted election interference, including a Moscow entity that directed the creation of deepfakes (Raquel Coronell Uribe/NBC News)
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St. Louis-based tech services company World Wide Technology agrees to acquire Canadian IT provider Softchoice in an all-cash deal valuing Softchoice at ~CA$1.8B (Kyle Wiggers/TechCrunch)
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Some 2024 LLM takeaways: multimodal vision became common, LLM prices crashed, overall environmental impact worsened despite efficiency gains, and slop arrived (Simon Willison/Simon Willison's Weblog)
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Researchers find 4.5M "stars" on GitHub repos they suspect are fake; in July, Check Point found a network of inauthentic users starring repos containing malware (Bill Toulas/BleepingComputer)
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In 2024, Intel had its worst year since going public in 1971, losing 61% of value; Broadcom stock soared 111%, its best performance ever, driven by AI revenue (CNBC)
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