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September 14, 2023, 3:25 PM
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Top News

CNBC:
Arm opens up 10% to ~$56 in its Nasdaq debut, valuing the company at $59.9B, after Arm priced shares at the upper end of its expected $47 to $51 range  —  - Arm Holdings has started trading on the Nasdaq under the ticker “ARM.”  — The chip design company is valued at a steep premium relative …
Mehul Srivastava / Financial Times:
MGM was likely hacked by Scattered Spider, an English-speaking group that previously used help desk calls to get passwords and planned to hack the slot machines  —  Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company
Jason Schreier / Bloomberg:
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news  —  Management announced a controversial pricing decision two days ago  —  Unity Technologies Inc. canceled a planned town hall …
Kat Bailey / IGN:
Unity acknowledges “the confusion and frustration” around 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 …
Monica Chin / The Verge:
HP unveils the $5,000+ Spectre Fold, an OLED foldable PC that can be used as a 17-inch tablet, a 17-inch laptop, or a 12.3-inch laptop and weighs less than 3lbs  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.
Sam Rutherford / Engadget:
Hands-on with the HP Spectre Fold: a striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, an 8.5mm body, an Intel i7-1250U, 16GB of RAM, and more
Wall Street Journal:
Filing: Caesars confirms it was hacked via a social engineering attack on an outsourced IT support vendor; sources: the company paid a ransom of ~$15M  —  Caesars is second major casino operator hit by hackers in recent weeks  —  paid roughly half of a $30 million ransom that hackers demanded …
Bloomberg:
How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion  —  Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.
Helene Braun / CoinDesk:
A US judge says FTX can now sell, stake, and hedge its crypto holdings, which the company says are worth $3.4B+, including $1.16B in solana, to repay creditors
Nicole Nguyen / Wall Street Journal:
Google plans to offer Chromebook software updates for up to 10 years, starting in 2024, so no current device expires within the next two years, to help schools  —  With the change, no existing Chromebook will have to expire within the next two years  —  Google is working to push …
Alex Wilhelm / TechCrunch:
Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients  —  Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.
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:
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:25 PM 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

Katie Deighton / Wall Street Journal:
WME is selling sports marketing agency 160over90 to Publicis Groupe for, sources say, $500M+; WME bought the agency in 2018 for about $200M

Variety:
Sources: the legal team for Paramount President Jeff Shell has engaged in preliminary talks about a possible exit from the company, where he was hired in 2024

Lucia Moses / Business Insider:
OpenAI partners with Smartly, an adtech company that helps clients optimize ads in real time, to design ad formats that match ChatGPT's conversational interface

More News

Cat Zakrzewski / Washington Post:
The Biden administration asks SCOTUS to pause a lower court's order limiting the White House, FBI, and public health agencies from making social media requests
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

Earlier Picks

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
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
Sarah Perez / TechCrunch:
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions
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
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
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