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February 29, 2024, 9:25 AM
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Top News

Deepa Seetharaman / Wall Street Journal:
Sources: the US SEC sent a subpoena to OpenAI in December 2023, seeking internal records, after the board's decision in November 2023 to fire Sam Altman as CEO  —  Regulator is examining internal communications of CEO Sam Altman, after board last year temporarily ousted him for alleged lack of candor
Alex Koller / CNBC:
EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023  —  - EA announced Wednesday that it will cut 5% of its workforce.  — The video game company employed 13,400 workers as of the end …
New York Times:
Sources detail Apple's $10B+ car project: years of disagreements over building a self-driving car or just an EV, talks with Elon Musk on buying Tesla, and more  —  Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was canceled this week.
Reuters:
Coinbase says all services on its website have been restored after a “display issue” on February 28 caused some users to see a zero balance in their account  —  Coinbase Global (COIN.O) said on Wednesday that all services on its website have been restored after an issue earlier …
Dan Goodin / Ars Technica:
Researchers detail an ongoing repo confusion attack, which involves cloning existing repos and infecting them with malware loaders, impacting 100K+ GitHub repos  —  GitHub keeps removing malware-laced repositories, but thousands remain.  —  GitHub is struggling to contain …
Leo Schwartz / Fortune:
Gemini agrees to return the $1B+ owed to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn  —  The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins …
Frederic Lardinois / TechCrunch:
Stack Overflow launches OverflowAPI to give AI companies access to its knowledge base, starting with Google, which will use the data for Gemini for Google Cloud  —  Developer Q&A site Stack Overflow is launching a new program today that will give AI companies access to its knowledge base through a new API, aptly named OverflowAPI.
Mark Gurman / Bloomberg:
Tim Cook says Apple will “break new ground” in generative AI this year; Apple shareholders reject a request for a report into whether Apple uses AI ethically  —  - Shareholders approve recommendations for board, executive pay  — Longtime directors Al Gore and James Bell officially step down
Reuters:
FCC Chair Jessica Rosenworcel proposes subjecting carmakers to the Safe Connections Act to protect domestic abuse survivors from misuse of internet car systems  —  The chairwoman of the Federal Communications Commission on Wednesday proposed a potential new rule that would subject automakers …
Natasha Lomas / TechCrunch:
Eight EU consumer rights groups lodge GDPR complaints with national data protection authorities, accusing Meta of coercing users with its “pay-or-consent” model  —  A controversial move by Meta last year, when it switched to charging users in the European Union for an ad-free subscription …
Kyle Wiggers / TechCrunch:
ServiceNow, Hugging Face, and Nvidia release free code-generating AI models StarCoder2-3B/7B/15B, the first two of which can run on most modern consumer GPUs  —  Developers are adopting AI-powered code generators — services like GitHub Copilot and Amazon CodeWhisperer …
Jeanne Whalen / Washington Post:
The US launches a probe into possible security risks of Chinese-manufactured vehicles, saying modern cars are like smartphones and could be used for espionage  —  The Biden administration says software and digital connections in modern cars could be used to spy on Americans or sabotage the vehicles
Consumer Reports:
Researchers find serious security flaws in cheap video door bells sold by a Chinese company under various brands names on Amazon, Shein, and other sites  —  The devices are also sold by Walmart, Sears, and other retailers—and big platforms have faced few consequences for shipping flawed products
Mehtab Ansari / Smartprix:
Alleged renders of Samsung's Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor  —  The Galaxy Z Fold 6, leaks and rumors about the device have been floating around for a while now and yesterday we reported …

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From Mediagazer

College Media Association:
A coalition of collegiate and professional press freedom groups urges campus administrators to respect the rights of student journalists covering protests

Matt Pearce:
A California state senator unveils a bill to impose a data-mining fee on Big Tech companies to fund $500M a year in local journalism jobs through tax credits

Ashley Carman / Bloomberg:
Audible tests a lower-priced AU$8.99/month tier, Audible Standard, in Australia, without credits that roll over, as Spotify expands its audiobook offerings

More News

Hannah Miao / Wall Street Journal:
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+

Earlier Picks

Jonathan Vanian / CNBC:
Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 20%+
Jon Swartz / MarketWatch:
Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan
Yiwen Lu / New York Times:
Raw Story, AlterNet, and, in a separate case, The Intercept sue OpenAI in a NY federal court for copyright infringement; The Intercept is also suing Microsoft
Dara Kerr / NPR:
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details
Financial Times:
Sources: Nigeria detains two senior Binance executives who flew to the country following its decision last week to ban several crypto trading websites
Kyle Wiggers / TechCrunch:
Adobe unveils Project Music GenAI Control, a platform that can generate audio from text descriptions or a reference melody and let users customize the results
Ben Lovejoy / 9to5Mac:
Kuo: Vision Pro demand is higher than Apple originally expected, with US shipments expected to hit 200-250k units this year; return rates are now below 1%
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