New York Times:
Sources: TSMC’s execs took to calling Sam Altman a “podcasting bro” after he said it would take $7T and many years to build 36 chip plants to fulfill his vision — Sam Altman, OpenAI’s chief executive, is talking to the United Arab Emirates, Asian chipmakers and U.S. officials …
Sources: OpenAI expects its revenue to grow to $11.6B in 2025; ChatGPT has 10M paying users and could bring in $2.7B in revenue in 2024, up from $700M in 2023 (Reuters)
Reuters:
Sources: OpenAI expects its revenue to grow to $11.6B in 2025; ChatGPT has 10M paying users and could bring in $2.7B in revenue in 2024, up from $700M in 2023 — Thrive Capital is investing more than $1 billion of OpenAI’s current $6.5 billion fundraising round, and it has a sweetener …
SEMI: China is projected to invest $100B+ on chipmaking equipment from 2025 to 2027, followed by South Korea at $81B, Taiwan at $75B, and the Americas at $63B (Toby Sterling/Reuters)
Toby Sterling / Reuters:
SEMI: China is projected to invest $100B+ on chipmaking equipment from 2025 to 2027, followed by South Korea at $81B, Taiwan at $75B, and the Americas at $63B — Semiconductor manufacturers will spend a record $400 billion on computer chip-making equipment in 2025-2027 …
Chinese state media has embraced the success of Black Myth: Wukong, a Chinese AAA game that has sold 20M+ copies globally, hailing it as a soft power export (Lizzi C. Lee/Rest of World)
Lizzi C. Lee / Rest of World:
Chinese state media has embraced the success of Black Myth: Wukong, a Chinese AAA game that has sold 20M+ copies globally, hailing it as a soft power export — China is changing its long-critical stance thanks to the smash hit, according to Chinese game developers and industry analysts.
A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China (Rolfe Winkler/Wall Street Journal)
Rolfe Winkler / Wall Street Journal:
A look at telehealth startup Done Global, whose owner was arrested by the US in June for allegedly running a “pill mill”, as it continues to operate from China — The owner of Silicon Valley’s Done Global was arrested, but the telehealth company’s staff in China still provides easy access to stimulants for Americans
The demand for the X100 series of point-and-shoot digital cameras has driven big profits for Fujifilm after the X100V went viral on TikTok in September 2022 (Curtis Heinzl/Bloomberg)
Curtis Heinzl / Bloomberg:
The demand for the X100 series of point-and-shoot digital cameras has driven big profits for Fujifilm after the X100V went viral on TikTok in September 2022 — TikTok’s love of the Fujifilm X100V has driven big profits for the Japanese company, which initially struggled to compete in the digital era.
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B (Wall Street Journal)
Wall Street Journal:
Source: Apple is no longer in talks to participate in an OpenAI funding round that is expected to raise as much as $6.5B — Company behind ChatGPT is aiming to raise around $6.5 billion in funding set to close next week — Apple is no longer in talks to participate in an OpenAI funding round expected …
A profile of Internet Archive founder Brewster Kahle, as the service fights existential battles over copyright, including from music labels like UMG (Kate Knibbs/Wired)
Kate Knibbs / Wired:
A profile of Internet Archive founder Brewster Kahle, as the service fights existential battles over copyright, including from music labels like UMG — The web’s collective memory is stored in the servers of the Internet Archive. Legal battles threaten to wipe it all away.
Sources: China is discouraging local companies from purchasing Nvidia’s H20 chips to help expand the country’s semiconductor industry and counter US sanctions (Bloomberg)
Bloomberg:
Sources: China is discouraging local companies from purchasing Nvidia’s H20 chips to help expand the country’s semiconductor industry and counter US sanctions — – Nvidia can only sell slower AI chips to China due to US curbs — Beijing is fostering domestic champions like Huawei, Cambricon
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker’s Stash marketplace (Bill Toulas/BleepingComputer)
Bill Toulas / BleepingComputer:
The US DOJ charges two Russians for operating $1B+ money laundering services for cybercriminals; one is accused of operating the Joker’s Stash marketplace — The U.S. Department of Justice (DoJ) has announced charges against two Russian nationals for operating billion-dollar money laundering services …
