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February 18, 2024, 3:00 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
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.
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

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This is a Techmeme archive page. It shows how the site appeared at 3:00 PM ET, February 18, 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

Samuel Stolton / Bloomberg:
The EU is reviewing Paramount's WBD takeover under the Foreign Subsidies Regulation, probing involvement of Middle Eastern funds; a decision is due by July 14

Reuters:
Sources: Nick Bilton hired TV production consultant Kelly Funke, to help manage his 60 Minutes transition, and a 24-year-old operations manager, Nick De Lucca

Ted Johnson / Deadline:
WSJ asks a judge to toss out Trump's revised defamation lawsuit over its Jeffrey Epstein letter story, saying it is a “re-package” of claims already dismissed

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
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

Earlier Picks

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
Andy Robinson / Video Games Chronicle:
Sources: Nintendo told game publishers the Switch 2's launch is delayed from late 2024 to Q1 2025; source: Nintendo needs more time to prepare its own games
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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