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September 5, 2023, 11:45 AM
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| Manya Saini / Reuters: |
Filing: SoftBank prices Arm's shares at $47 and $51, aiming to raise up to $4.87B by selling 95.5M shares, for a $52B+ valuation and the biggest US IPO of 2023 — SoftBank Group's (9984.T) Arm is aiming to raise up to $4.87 billion in the chip designer's U.S. initial public offering, a regulatory filing showed on Tuesday.| Javier Espinoza / Financial Times: |
Sources: Apple and Microsoft have argued that iMessage and Bing are insufficiently popular to be designated “gatekeepers” set to be regulated under the EU's DMA — Battle comes ahead of publication of first list of services to be regulated under Digital Markets Act
More: Ars Technica, MacRumors, PCMag, PYMNTS.com, Thurrott, Windows Central, 9to5Mac, The Verge, Politico, OnMSFT.com, MacDailyNews, OSnews, WinBuzzer, TNW, iMore, MSPoweruser, Android Authority, Reuters, Neowin, Ghacks, GSMArena.com, iThinkDifferent, iPhone in Canada Blog, AppleInsider, Supercharged, ChinaTechNews.com, and Bloomberg
Threads: @benedictevans, @carnage4life, @carnage4life, @documentingmeta, and @carnage4life
Mastodon: @drahardja@sfba.social, @luis_in_brief@social.coop, and @paulomalley@c.im
X: @adamkovac, @1br0wn, @andreas_schwab, @1br0wn, @lukolejnik, @1br0wn, @zach_cer, and @bzamayo
Forums: Slashdot and MacRumors Forums
| Wall Street Journal: |
How Spotify's $1B+ bet on building a podcast empire has not paid off: most shows are not profitable, debates over exclusivity, cutting original shows, and more — The prospect of podcast riches led to aggressive investments in celebrity deals and original programming for what appeared a sky's-the-limit media frontier
More: MIT Technology Review and Podnews
Mastodon: @jeffjarvis@mastodon.social. X: @jamesvgrimaldi, @podcast411, and @epsilontheory. LinkedIn: David Harreveld
| Ashley Carman / Bloomberg: |
More: Digital Music News, The Verge, Insider, Engadget, MobileSyrup, Neowin, Podnews, and Music Ally
| Vishal Chawla / The Block: |
Visa expands its USDC stablecoin settlements to Solana, partnering with Worldpay and Nuvei for pilots, and has already moved millions of USDC via VisaNet — - Visa expanded its USDC stablecoin settlement capabilities to Solana, forming partnerships with Worldpay and Nuvei for pilot programs.| George Hammond / Financial Times: |
Sources detail a tumultuous 12 months for Sequoia: spinning off its highly profitable Chinese arm, its FTX and Twitter bets souring, and Michael Moritz leaving — Silicon Valley's premier venture firm undergoes ‘profound change’ after China splits and bets on FTX and Twitter sour| Rebecca Bellan / TechCrunch: |
Elon Musk threatens to file a defamation suit against the ADL for “falsely accusing” X and him of being antisemitic, and blames the ADL for X's US ad sales drop — In the newest uproar you might have missed, Elon Musk says X, formerly Twitter, will file a defamation lawsuit against the Anti-Defamation League.
More: The Guardian, NBC News, PCMag, New York Post, The Hill, Gizmodo, CNN, Jerusalem Post, Tech Xplore, Fortune, Axios, The Messenger, Cryptopolitan, Newser, Wccftech, SiliconANGLE, The Cosmopolitan Globalist, Deadline, Forbes, The Messenger, Insider, Tech Startups, Livemint, The Information, Coinpedia Fintech News, Bloomberg, CoinGape, and Mashable
Threads: @briannawusays, @alexheath, @briannawusays, @renee.diresta, @carnage4life, @carnage4life, @briannawusays, @ianbremmer, @moskov, @oliverdarcy, @ethank, @yair_rosenberg1, @carnage4life, @daveleebbg, @benedictevans, @realjuddlegum, @eladnehorai, @nickrmartin, and @keithedwards
Mastodon: @dangillmor@mastodon.social and @collin@ruby.social
Bluesky: @danilo.redeem-tomorrow.com and @asfleischman.bsky.social
X: @elonmusk, @elonmusk, @michaelehayden, @ariehkovler, @elonmusk, @elonmusk, @elonmusk, @elonmusk, @elonmusk, @elonmusk, @asfleischman, @svdate, @michaelehayden, @ariehkovler, @autismcapital, @ruthbenghiat, @shaig, @jsrailton, @buccocapital, @xdaily, @kampeas, @radiofreetom, @rothschildmd, @mattgertz, @elonmusk, @benjysarlin, @edzitron, @mingle74, @jordanbpeterson, @karaswisher, @yair_rosenberg, @jfreewright, @bobcesca_go, @jsrailton, @followtheh, @yair_rosenberg, @mattzeitlin, @startupljackson, @oneunderscore__, @elonmusk, @ccdhate, @stuartpstevens, @mehdirhasan, @rmac18, @eladnehorai, @rothschildmd, and @elonmusk
Forums: r/Judaism, r/TrueAnon, r/stupidpol, r/Twitter, r/EnoughMuskSpam, r/conspiracy, r/elonmusk, and Beehaw
| Jessica Toonkel / Wall Street Journal: |
Antenna: MLS Season Pass had 110K US signups on July 21, the day of Messi's first MLS match, up from 6,143 on July 20; July was TV+'s best signup month in 2023 — Soccer superstar attracts over 110,000 sign-ups to MLS Season Pass on day of first game — Soccer superstar Lionel Messi helped drive a surge in U.S. subscriptions to| New York Times: |
Analysis: lawyers, accountants, consultants, and more have charged $700M+ in fees since 2022 in the bankruptcies of FTX, Celsius, Voyager, BlockFi, and Genesis — Bankruptcy lawyers and other corporate turnaround specialists have reaped major fees from the bankruptcies of five cryptocurrency companies, including FTX.| Steven Levy / Wired: |
An in-depth profile of OpenAI, Sam Altman, CTO Greg Brockman, and others, who all see ChatGPT and GPT-4 as stepping stones along the way to building an AGI — The young company sent shock waves around the world when it released ChatGPT. But that was just the start. The ultimate goal: Change everything.
More: Analytics India Magazine. X: @scottnover, @austincarr, @katiedrumm, and @stevenlevy. Forums: r/artificial
| Mark Bergen / Bloomberg: |
Meta plans to eliminate the Facebook News tab in the UK, France, and Germany in early December 2023 and won't sign new deals for news content in those countries — The company will “deprecate” the news tab — a Facebook feature to prominently display news material — for users in the UK, Germany and France.
More: Meta, TechCrunch, Engadget, The Verge, OnMSFT.com, London Evening Standard, and Pandaily
X: @glenngabe and @jakubkrupa
| Scharon Harding / Ars Technica: |
Reddit hastily replacing some of its long-time mods raises questions about the company prioritizing reopening protesting subreddits over finding the best people — Concerns of Redditor safety, jeopardized research amid new mods and API rules. — Did you know that improper food canning can lead to death?
More: 9to5Mac. Mastodon: @sarahgilbert@hci.social. Forums: Hacker News, r/anime_titties, r/TheoryOfReddit, r/ModCoord, r/technology, and Ars OpenForum
| Reuters: |
Sources: China plans to launch a new state-backed fund that aims to raise ~$41B for its chip sector, larger than the ~$19B and ~$27B funds from 2014 and 2019 — China is set to launch a new state-backed investment fund that aims to raise about $40 billion for its semiconductor sector …
More: TechCrunch, Crunchbase News, Insider, Engadget, Bloomberg, Tech Startups, and Tech in Asia
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