M&A in AI startups: Stability AI sells Clipdrop, the Paris-based photo generating & editing app it acquired less than a year ago to U.S. writing assistant Jasper Jasper reuters.com/markets/deals/…

Elon Musk is following through on his vision of super app/fintech for X, as he told investors Wed that X is expecting to receive money transmitter licenses in New York & California soon, two states considered the hardest for such licenses. w/Sheila Dang bit.ly/438y2Yf

Full circle in big tech investment in AI startups: Amazon: invested $4 bln in Anthropic (convertible note) Anthropic: Ok, I'll use AWS and Trainium chip AWS to all startups: now you can use our free credits to pay for model APIs including Anthropic reuters.com/technology/ama…

ok NYC folks we were not humiliating MAGNITUDE 5.5 EARTHQUAKE STRIKES GREATER NEW YORK AREA, NJ. REGION - EMSC - Reuters News

New: This month in SF, NYC & London, Sam Altman & Brad Lightcap hosted execs from the largest global enterprises, pitching OpenAI products while answering Qs such as why buy ChatGPT Enterprise if they're already Microsoft customers, sources told Dawn Chmielewski & me bit.ly/4cSkYKW

The winning work from our Reuters investigative series on Elon Musk’s companies: pulitzer.org/winners/staff-…

ByteDance has ordered engineers to separate the recommendation algorithm for TikTok US from Douyin, having them going through millions of lines of codes. stand by my reporting w/Sheila Dang that offers insights into a technical separation of TikTok US: reut.rs/4aCjK48

Source: Canadian AI startup Cohere has raised $450M from Nvidia, Salesforce, Cisco, and others and is looking to raise more in the same round at a $5B valuation (Krystal Hu / Reuters) reuters.com/technology/nvi… 📫 Subscribe: techmeme.com/newsletter?fro… techmeme.com/240604/p32#a24…

free Alexa: weather, timer, play music $5 Remarkable Alexa: write and send an email, order food delivery, create home ambience, just can't be your AI emotional companion (yet)

I got a bit more color on OpenAI/Rocketset deal: the largest OpenAI has done, used valuable shares (at $86 billion val) in an all-stock deal that valued Rocketset at a few hundred million shows how private co shares can be powerful acquisition currency reut.rs/4cy3VN6

Wanna win a competitive genAI startup deal? Here's a value-add: provide legal advisory services besides GPU clusters reuters.com/technology/art…

Sequoia investor Pat Grady on OpenAI’s GPT5: It could blow people away, but unsure if that’s a good thing for the ecosystem, since people will have to redo all prompts and keep up. So we could use a bit more stability at the model layer. Via Eric Newcomer’s Cerebral Valley conf

Pre-revenue unicorn (yes it's a thing) fundraising is still going strong, if you're building in AI & coding. VCs are excited about the potential shown by Github Copilot. And in Magic' case, long context windows help too! scooplet w/Anna Tong reut.rs/4bth6y8

Latest from us: FTC is seeking more details on the Adept deal, where Amazon hired away CEO David Luan & other researchers to its AGI team in a non M&A arrangement This came amid the ongoing FTC investigation on Microsoft/Inflection

🍓made in Abu Dhabi? SF-based vertical farming startup Plenty®, which has raised nearly $1 billion from VCs, told me they're expanding to the Middle East through JV

All my Chinese friends: why doesn’t France use the technology that would stop the rain? Rain dispersal rocket is widely used in China. Beijing did it for 08. Wuhan had it for a marathon for < $300k. For the French, is it environmental concern? Tech? Coordinations? #Paris2024

Ukraine’s first gold medal at #Paris2024 won by the extraordinary women's sabre team led by Olha Kharlan, who overcame South Korea in the last few minutes of the tight match, with cheering from an enthusiastic French audience

At 17, Felix Lebrun just won bronze, France’s first medal in table tennis singles since 1992, after a straightforward win over Brazilian Hugo Calderano #Paris2024

NEW: Ilya Sutskever's Safe Superintelligence raised $1 bln from VCs including A16z & Sequoia to fund AI safety research. SSI Inc. execs detailed their plan to Reuters , focusing on hiring a small & trusted team w/ "good character" w/Kenrick Cai Anna Tong reut.rs/47i7yp1

Scoop: OpenAI might be worth $150 billion, that is, if it can successfully *remove investors' profit cap*, a founding principle, sources told me & Kenrick Cai. More details on their $6.5 bln raise in convertible notes👇which could be finalized in 2 weeks reut.rs/3Zuy1Ox