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September 14, 2023, 9:40 AM
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Dan Primack / Axios:
Arm prices its 95.5M shares at $51 a piece, raising $4.87B in 2023's largest IPO so far and giving the company a fully diluted valuation of ~$54.5B  —  Arm, the British chip design giant controlled by SoftBank, has raised nearly $5 billion in its initial public offering.
William Turton / Bloomberg:
Sources: Caesars Entertainment paid tens of millions of dollars to hackers who breached the company's systems in recent weeks and threatened to release the data  —  - Hackers stole data, extorted company, people familiar said  — Caesars breach came in weeks before MGM announced cyberattack
Suzanne Rowan Kelleher / Forbes:
MGM Resorts' website is still down over 60 hours after being hit by a cyberattack; ransomware-as-a-service group ALPHV, aka BlackCat, reportedly took credit  —  The ALPHV/BlackCat ransomware group claimed responsibility for a breach that began, of all places, on LinkedIn.
Kat Bailey / IGN:
Unity acknowledges the “confusion and frustration” about its planned install fees but argues that “more than 90% of our customers will not be affected”  —  Platform holder claims “90 percent of users” won't be affected by change.  —  Game developers are still furious …
Jez Corden / Windows Central:
Unity announces fees based on a game's installations and the developer's plan tier, starting on January 1, 2024, joining Unreal Engine, which has similar fees
More: Game Developer, Ars Technica, garry.net, Road to VR, Axios, 404 Media, Unity Forum, Dev's Games, GamesIndustry.biz, IGN, Gamereactor UK, GamingBolt, TechNode, GoNintendo, GameSpot, and Video Games Chronicle
Threads: @quillmatiq, @migueldeicaza, and @tomwarrenuk
Mastodon: @segphault@mastodon.social, @gamingonlinux@mastodon.social, @wiverson@mas.to, @vampiress@eigenmagic.net, @shibacomputer@post.lurk.org, @Toadsanime@mas.to, and @vampiress@eigenmagic.net
X: @innerslothdevs, @aggrocrabgames, @unity, @stephentotilo, @massivemonster, @tkexpress11, @mikeisaac, @tomwarren, @desolusdev, @writnelson, @scotttrichmond, @eric_seufert, @eric_seufert, @henryhoffman, @tha_rami, @samueldeats, @madewithgodot, @tempolabgames, @dgoodayle, @zaccacts, @jesawyer, @necrosofty, @tafferking451, @mikeisaac, @docsquiddy, @theswweet, @adamatomic, @willmesilane, @madscientist212, @tha_rami, @patstaresat, @chrisdeleon, @jacobjanerka, @duskdev, @necrosofty, @succinct_punchy, @mkatorin, @alexstrook, @larsiusprime, @komegatze, @kriswolfheart, @stephentotilo, @tha_rami, @lazerwalker, @dominictarason, @lazerwalker, @edmondtran, @mortredenjoyer, @kriswolfheart, @kenneynl, @comrade_waluigi, @unity, @mikeisaac, @kurtruslfanclub, @pimdewitte, @chronotope, @henryhoffman, @migueldeicaza, @philippseifried, @alykkat, and @stephentotilo
Forums: r/gamedev, r/thelongdark, r/KotakuInAction, r/gachagaming, r/Suikoden, r/XboxSeriesX, r/wildrift, r/LegendsOfRuneterra, r/gamedev, r/gaming, r/Genshin_Impact, r/ThePrimeagenReact, and r/technology
Alex Ivanovs / Stack Diary:
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected  —  A significant vulnerability in the WebP Codec has been unearthed, prompting major browser vendors, including Google and Mozilla …
Wall Street Journal:
The US Senate's AI Insight Forum: Elon Musk warned of AI risks, Mark Zuckerberg defended open source, all guests agreed the US needs to regulate AI, and more  —  Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session
Helene Braun / CoinDesk:
A US judge says FTX can now sell, stake, and hedge its crypto holding, estimated to be worth $3.4B+, including $1.16B in solana, to repay creditors  —  Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell …
Louise Matsakis / Semafor:
Google cuts hundreds from its global recruiting team, saying “the volume of requests for our recruiters has gone down”, but plans to keep a significant majority  —  Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow.
Taylor Lorenz / Rolling Stone:
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her  —  In her book ‘Extremely Online,’ journalist Taylor Lorenz details how Julia Allison invented the concept of being a content creator a decade before it caught on
Washington Post:
On day two of the Google trial, an Apple lawyer protested two numbers the DOJ used in its opening statement, including Google paying Apple $4B-$7B for search  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
New York Times:
How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.
Sarah Perez / TechCrunch:
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions  —  Amazon today introduced a new set of generative AI tools aimed at sellers which the retailer says will simplify the process of creating product listings.
Bloomberg:
Sources: Microsoft's proposal to split Teams off into a standalone app did not satisfy EU regulators, who are readying a formal complaint against Microsoft  —  Microsoft's recent proposal to split its Teams from a broader business software package and sell it to customers separately with an annual discount …

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This is a Techmeme archive page. It shows how the site appeared at 9:40 AM ET, September 14, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Todd Spangler / Variety:
Sources: the expectation at Paramount Global is that neither of the two offers in play, Skydance-RedBird and Sony Pictures-Apollo, will come to fruition

Tom McArthur / BBC:
RSF publishes its World Press Freedom Index and places Norway, Denmark, and Sweden in the top three, the US down 10 spots at 55, and Eritrea in last place

Sara Fischer / Axios:
A look at news publishers' conflicting approaches toward AI companies, and how the lack of a data marketplace makes it hard for buyers and sellers to set rates

More News

Tyler Cowen / Bloomberg:
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age
Mariana Lenharo / Nature:
Researchers develop RETFound, an AI tool capable of predicting the risk of ocular diseases, heart failure, Parkinson's disease, and more based on retinal images

Earlier Picks

Bloomberg:
The White House is watching China expand its government ban on iPhones “with concern” and says the move appears to be “aggressive and inappropriate retaliation”
Isaac Schorr / Mediaite:
Bio: Elon Musk told Bari Weiss that Twitter needs to be careful when discussing China due to Tesla's business, and that China's Uyghur repression has two sides
Cecilia D'Anastasio / Bloomberg:
Former FaZe Clan staff describe a mismanaged creator organization, as its market cap falls from $725M at its 2022 SPAC merger to below $15M; FaZe fired its CEO
Wall Street Journal:
Docs: Starlink reported $1.4B in 2022 revenue, up from $222M in 2021, falling short of projections in 2015, as some question satellite internet's growth options
Reuters:
The US SEC says the creator of Stoner Cats NFTs, which raised $8.2M, agreed to pay a $1M fine for an unregistered offering and plans to return investors' money
Justine Calma / The Verge:
Apple's environmental announcements, including its first carbon-neutral products, show progress but may be a red herring that distracts from its overall impact
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