| 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.” — SoftBank CFO Yoshimitsu Goto and Arm Holdings CEO Rene Haas pose … | SemiAnalysis: |
How Arm, following its success in architecture, licensing, and ecosystem, is looking to maintain a sustainable model by raising prices, not chasing market share — Cheap If They Can Charge Qualcomm-like Royalties? — ∙ Paid — Arm's success can be attributed to its innovative architecture … | Mehul Srivastava / Financial Times: |
MGM was likely hacked by “Scattered Spider”, an English-speaking group that previously used help desk phone calls to get passwords and planned to hack the slots — Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company| 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 its data — - Hackers stole data, extorted company, people familiar said — Caesars breach came in weeks before MGM announced cyberattack| 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 … | Jason Schreier / Bloomberg: |
| Jez Corden / Windows Central: |
| 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: |
| 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: |
| 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.| 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| Sarah Perez / TechCrunch: |
Amazon expands its search and discovery mobile features, like multimodal search and Find-on-Amazon, which lets users find similar products to those in a photo — Amazon is introducing new features that make it easier to search for products on mobile and is challenging other product search engines … | Bloomberg: |
Lenders allege that Indian edtech giant Byju's hid $533M in an obscure three-year-old hedge fund that once said its main place of business was an IHOP in Miami — - New lender suit seeks to recover cash from Camshaft Capital — Hedge fund was founded just three years ago, lenders say| 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: |
Sources: Israeli PM Benjamin Netanyahu plans to fly to the US to meet Elon Musk, the latest attempt by Musk allies to stave off X's growing antisemitism crisis — The meeting with the Israeli prime minister is the latest effort by Musk friends and colleagues to head off a growing battle with the Anti-Defamation League| 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 … | BBC: |
Greater Manchester Police confirm a ransomware attack on its ID supplier, potentially exposing officer identities, one month after a breach in Northern Ireland — Police officers' personal details have been hacked after a company was targeted in a cyber attack.| Bloomberg: |
Sources: Microsoft's proposal to unbundle Teams did not satisfy the concerns of EU antitrust regulators, who are readying a formal complaint against the company — Microsoft's recent proposal to split its Teams from a broader business software package and sell it to customers separately … | 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| Alex Konrad / Forbes: |
Linear, which sells project management tools to startups like Cohere, Runway, and Ramp, raised a $35M Series B led by Accel, sources say at a ~$400M valuation — The four-year-old startup founded by three Finns is already used by fellow startups like Cohere, Ramp and Runway.| New York Times: |
How Instacart CEO Fidji Simo helped find new revenue streams for the company, including via expanding its ads and software, which made $406M in H1 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.
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| Mariana Lenharo / Nature: |
| Bloomberg: |
| Sarah Perez / TechCrunch: |
| Louise Matsakis / Semafor: |
| Alex Ivanovs / Stack Diary: |
| Reuters: |
| Justine Calma / The Verge: |