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February 19, 2024, 12:10 PM
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Javier Espinoza / Financial Times:
Sources: the EU plans to fine Apple ~€500M in March 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
Wall Street Journal:
Tech investors and founders are flocking back to San Francisco, which is undergoing an AI boom, after leaving during the pandemic for Miami and other US cities  —  In 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami …
Mark Gurman / Bloomberg:
Apple Store sources: Vision Pro returns are between average and above average compared to other products; some in-store demo conversion rates are 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.
Foo Yun Chee / Reuters:
Document: the European Commission opens formal DSA proceedings against TikTok to assess its efforts to protect children, the second DSA investigation after X  —  The European Commission has opened formal proceedings against ByteDance's TikTok under the Digital Services Act (DSA) …
Drew Harwell / Washington Post:
The US awards $1.5B to GlobalFoundries from the $52B CHIPS Act to build a new fab in Malta, New York, and to expand its Fab 8 plant, plus $1.6B in loans  —  The massive grant, part of the Chips Act, will help the U.S. establish a homegrown supply for some of the most critical components of modern life.
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.

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This is a Techmeme archive page. It shows how the site appeared at 12:10 PM ET, February 19, 2024.

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

Business Wire:
USA Today reports Q1 revenue down 4% YoY to $548.5M, net income of $19.9M, up $27.2M from Q1 2025, 1.46M paid digital subs, and $45.9M digital subscription rev

Matthew Keys / TheDesk.net:
Five more states join the lawsuit filed last month by eight states seeking to block Nexstar's Tegna acquisition, which Nexstar said the DOJ and FCC approved

Winston Cho / The Hollywood Reporter:
A group of TV consumers sue in federal court in California to block Paramount's acquisition of WBD on antitrust grounds; Paramount says the suit lacks merit

More News

Earlier Picks

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
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
Telegraph:
Sources: UK chip designer Graphcore explores a sale to foreign owners in a deal that could be worth $500M+; rumored buyers include OpenAI, SoftBank, and Arm
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
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