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<!--[if !gte mso 9]><!----><span class="mcnPreview Text" style="display:none; font-size:0px; line-height:0px; max-height:0px; max-width:0px; opacity:0; overflow:hidden; visibility:hidden; mso-hide:all;">OpenAI and Microsoft say they have signed a non-binding memorandum of understanding for the next phase of their partnership, and are working to finali</span><!--<![endif]-->
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<td class="page_date" style="vertical-align:middle;text-align:right;color:#004860;font-weight:700;padding-right:10px">Thu, Sep 11</td>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=28539791d2&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Reimagine your photos with a prompt</a></span>
<span class="excerpt" style="color: black;font-size: 16px;"> — Our new native image generation and editing is state-of-the-art, and ranked #1 in the world. Try it for free in the Gemini app.</span>
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<span style="color:#455;font-weight:bold;">Tomorrow's events: </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=682da6c6e3&e=06cea4a9e4" style="text-decoration: none;color: #004860;">BoxWorks (day 2)</a>, </span>
<span class="event"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e2bae2747e&e=06cea4a9e4" style="text-decoration: none;color: #004860;">IPO: Gemini (Nasdaq: GEMI)</a></span>
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top news
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=2411a73a64&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">OpenAI and Microsoft say they have signed a non-binding memorandum of understanding for the next phase of their partnership, and are working to finalize terms</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ina Fried / </span><span class="pub_name">Axios</span>)</span>
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<span class="excerpt">OpenAI and Microsoft said Thursday they have reached preliminary terms … </span>
<span class="cite">(Ina Fried / Axios)</span>
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<div class="tweet" style="padding: 1px 0;">
<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=718009d7ef&e=06cea4a9e4" style="text-decoration: none;color: black;">@mgsiegler:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=88d15df827&e=06cea4a9e4" style="text-decoration: none;color: black;">Some quick cap table math could be: Microsoft: 33% Non-Profit: 25% SoftBank: 12% Which nicely adds up to 70%.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=440fe8de8d&e=06cea4a9e4" style="text-decoration: none;color: black;">@aaronpholmes:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3d9ee01b09&e=06cea4a9e4" style="text-decoration: none;color: black;">OpenAI and Microsoft have reached a tentative deal, and OpenAI says its nonprofit will get a stake of over $100 billion, or 20%, in the new for-profit. That implies Microsoft's stake would be worth at least $165 billion on paper, based on previously reported figures. [image]</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=65a128ba7d&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">OpenAI says its nonprofit parent will continue to have oversight over the company and will own an equity stake of more than $100B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Ashley Capoot / </span><span class="pub_name">CNBC</span>)</span>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f825f2cb19&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The FTC orders Google, OpenAI, Meta and Instagram, Snap, xAI, and Character.AI to provide information on how their AI chatbots impact children and teens</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Leah Nylen / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">The Federal Trade Commission ordered Alphabet Inc.'s Google, OpenAI Inc. … </span>
<span class="cite">(Leah Nylen / Bloomberg)</span>
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<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b3929a23ba&e=06cea4a9e4" style="text-decoration: none;color: black;">@meadorftc:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=e59cfe19c1&e=06cea4a9e4" style="text-decoration: none;color: black;">This study will require the leading chatbot companies to provide detailed information on how their products function and interact with young people. It represents a critical first step in keeping the public safe.</a>
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<img class="tweet_image" width="12" src="https://techmeme.com/img/twitter_x.png" style="width: 12px;">
<a class="tweet_cite" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7d6e7ca9f7&e=06cea4a9e4" style="text-decoration: none;color: black;">@wesghodges:</a>
<a class="tweet_body" href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3f90166008&e=06cea4a9e4" style="text-decoration: none;color: black;">If chatbots can enable suicide, as in Adam Raine's case through validation, technical help, and social isolation, what's stopping the same subversive pattern from enabling murder in vulnerable youth? The @FTC is right to investigate these issues.</a>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7b52d17713&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Securing AI models and agents in the enterprise</a></span>
<span class="excerpt" style="color: black;font-size: 16px;"> — The new AI stack creates a highly dynamic attack surface, and traditional controls aren't keeping up. F5's recent acquisition will bring advanced AI guardrails to enterprise apps.</span>
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<span class="title" style="font-size: 24px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=0125c15f4e&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">The US DOJ sues Uber, with its civil rights division alleging that Uber discriminates against people with physical disabilities in violation of federal law</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Natalie Lung / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="excerpt">Uber Technologies Inc. was sued by the US Justice Department over claims … </span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3b9c15aba3&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Encyclopedia Britannica and Merriam-Webster sue Perplexity, alleging that it unlawfully scraped their websites and redirected their traffic to its AI summaries</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Blake Brittain / </span><span class="pub_name">Reuters</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=5189b92106&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">An iOS support page says AirPods' Live Translation feature won't be available to users in the EU with an EU-region Apple Account, likely due to EU regulations</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tim Hardwick / </span><span class="pub_name">MacRumors</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f38804c3af&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Jordan Novet / </span><span class="pub_name">CNBC</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=782abe1423&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Figure's shares closed up 24% at $31.11 in its Nasdaq debut, giving it a ~$6.6B market cap, after the company and some of its backers raised $787.5M in its IPO</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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cryptocurrency
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=c08f5759a6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Source: crypto exchange Gemini raises $425M in its IPO, selling about 15.2M shares for $28 each after marketing them for $24 to $26 apiece</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7a8f163bc5&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">CFTC nominee Brian Quintenz says the Winklevosses asked Trump to pause his confirmation after he refused to make promises “rectifying” a prior Gemini settlement</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Declan Harty / </span><span class="pub_name">Politico</span>)</span>
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artificial intelligence
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fa1f48bd2f&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">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</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">The Information</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=3e3c20a885&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Albania appoints an AI bot named Diella as the minister responsible for managing and awarding all public procurement tenders to combat corruption</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f0d9870fa8&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">AI companies' bet on prediction token-based LLMs may make them vulnerable to disruption by a novel approach, especially as new models face diminishing returns</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Parmy Olson / </span><span class="pub_name">Bloomberg</span>)</span>
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M&A
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=615266f1df&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">GE Vernova plans to sell its Proficy industrial software unit to PE firm TPG for $600M and reinvest the proceeds in grid software</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=7907d7e303&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">F5 plans to acquire CalypsoAI, which helps companies secure their generative AI infrastructure, for $180M; CalypsoAI raised $43.2M</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Taylor Soper / </span><span class="pub_name">GeekWire</span>)</span>
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<div class="section_header uppercase" style="border-bottom: 3px solid #004860;letter-spacing: 1px;color: #004860;font-weight: bold;padding: 4px 10px;text-transform: uppercase;">
funding deals
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<div style="width:100%;border-top:1px solid lightgray;padding:14px 0;" class="first_in_section story">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1e6502098b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Vantage Data Centers raised $1.6B from GIC and the Abu Dhabi Investment Authority to expand in APAC, including the acquisition of a Malaysian data center campus</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=98c1b8734c&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Koi, which applies a centralized protection layer to enterprise endpoints, raised a $38M Series A led by Battery and Team8, taking its total funding to $48M</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Meir Orbach / </span><span class="pub_name">CTech</span>)</span>
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more news
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=d18d733abb&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Graphic videos of Charlie Kirk's shooting, first posted to X, also spread to Instagram, Threads, YouTube, and Telegram within hours, amassing millions of views</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">New York Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=364d2f9768&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Microsoft releases its first preview of Visual Studio 2026, the first major version update since November 2021, with a new design and deeper AI integration</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Tim Anderson / </span><span class="pub_name">The Register</span>)</span>
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<a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=15f245cd2f&e=06cea4a9e4" style="text-decoration: none;">
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=70673aacd4&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Ant Group unit Robbyant showcases its first LLM-powered humanoid robot, the R1, at a conference in Shanghai, joining an intensifying effort by Chinese companies</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Lulu Yilun Chen / </span><span class="pub_name">Bloomberg</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=ae8639697b&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Digital banking group NOBA plans to list on Nasdaq Stockholm in Q3 2025, in a deal expected to value the company at around $3.74B</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Reuters</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=fb5c9db395&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Google plans to shut down Tables, a work-tracking tool and competitor to Airtable, in December and directs users to migrate to Google Sheets or AppSheet</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Sarah Perez / </span><span class="pub_name">TechCrunch</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=b50961bfee&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Atlantic Council: the number of US-based investors in spyware companies nearly tripled in 2024 to 31, compared to just 11 in 2023, topping Israel's 26 investors</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Vas Panagiotopoulos / </span><span class="pub_name">Wired</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=1345e2b6a6&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">Sensor Tower: in July, Rapido had nearly 50M MAUs on Android in India, above Uber's 30M; Rapido has a nearly 30% share in four-wheeler cabs and Uber has ~50%</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="author">Pranav Mukul / </span><span class="pub_name">The Economic Times</span>)</span>
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<span class="title" style="font-size: 18px;"><a href="https://techmeme.us14.list-manage.com/track/click?u=94ccd3ae223561415b05892ab&id=f7ad217e42&e=06cea4a9e4" style="text-decoration: none;color: #004860;font-weight: bold;">How Larry Ellison, briefly the world's richest man, and Oracle CEO Safra Catz capitalized on the AI boom and vaulted Oracle into contention with industry giants</a></span>
<span class="cite" style="color: #888;display: inline-block;white-space: nowrap;">(<span class="pub_name">Financial Times</span>)</span>
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