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Techmeme
February 18, 2024, 4:50 PM
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Top News

Javier Espinoza / Financial Times:
Sources: the EU plans to fine Apple around €500M for allegedly breaking EU law over access to music streaming services, following a 2019 complaint by Spotify  —  Move is culmination of long-running European Commission antitrust probe after a complaint by Spotify
Mark Gurman / Bloomberg:
Apple Store sources: Vision Pro returns are between average and above average compared to other products; in-store demo conversion rate is as high as 10% to 15%  —  The Apple Vision Pro has now been available for two weeks — and some of Apple's most dedicated customers are returning the device to get back their $3,500.
Michael Crider / PCWorld:
SPEC invalidates 2,600 benchmark results for some Intel Xeon CPUs, saying their compiler artificially inflated the results of its benchmark by as much as 9%  —  Benchmarks, while inherently contentious and not always representative of real-world performance, are an important tool in any kind of quantitative evaluation.
Zeke Faux / Bloomberg:
A Florida court filing accuses the Bahamas-based Deltec Bank of giving Alameda Research a short-term line of credit worth billions of dollars to buy Tether  —  - Deltec is alleged to have provided a short-term line of credit  — Court documents suggest a tighter web than previously known
Bloomberg:
Sources: the UK, the US, and other allies are working to provide Ukraine with thousands of new AI-enabled drones that could swarm Russian targets simultaneously  —  - Technology could help Ukraine overwhelm some Russian targets  — Germany's Scholz calls on EU allies to increase Ukraine aid
Amy Or / Bloomberg:
Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit's content  —  - Social media firm agrees $60 million deal with AI company  — Reddit advised to seek at least $5 billion IPO valuation
Connie Loizos / TechCrunch:
Q&A with Laela Sturdy, the head of Alphabet's growth stage venture arm CapitalG, about its decision-making process, AI strategy, Stripe's valuation, and more  —  Almost a year ago, Alphabet's growth stage venture arm, CapitalG, named partner Laela Sturdy as its new head, just as the unit's founder, David Lawee, stepped down.
Jessica Traynor / The Guardian:
A look at the data center economy of Ireland, which had 82 data centers in 2023, amid concerns about rolling blackouts due to pressure on the electrical grid  —  Datacentres are part of Ireland's vision of itself as a tech hub.  There are now more than 80, using vast amounts of electricity.

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From Mediagazer

The Wrap:
The FCC votes to repeal the national broadcast ownership cap and replace it with a case-by-case review, approving the measure by a 2-1 margin

Upmanyu Trivedi / Bloomberg:
The UK Competition and Markets Authority clears Paramount's takeover of WBD, saying “after the merger, Paramount will continue to face sufficient competition”

Jaspreet Singh / Reuters:
Fox reports Q4 revenue up 28% YoY to $4.21B, above $3.64B est., ad revenue up 78% to $1.92B, driven by its World Cup broadcast and growth at Tubi; FOX jumps 5%+

More News

Tim Higgins / Wall Street Journal:
Elon Musk says his companies “have probably done more to undermine Russia than anything” and calls accusations that he is a Vladimir Putin apologist “absurd”
Washington Post:
How tech workers, spurred by geopolitical threats, are embracing battlefield tech; PitchBook: VCs invested $108B in defense tech companies between 2021 and 2023
Alex Heath / The Verge:
Q&A with Figma CEO Dylan Field on managing the company after the failed sale to Adobe, maintaining culture, using the $1B breakup fee, expansion plans, and more

Earlier Picks

Dell Cameron / Wired:
Sources: FISA's Section 702 bill was shelved over a rule that would end the government's ability to pay US firms for information rather than serving a warrant
John Gruber / Daring Fireball:
Apple's reversal on RCS wasn't forced by the EU, but likely by China, whose government began codifying in 2023 a requirement for new 5G devices to support RCS
New York Times:
Sources: OpenAI completed a deal valuing the startup at $80B or more, planning to let employees cash out their shares in a tender offer led by Thrive Capital
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