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March 11, 2024, 10:25 AM
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| Jonathan Vanian / CNBC: |
Filing: Reddit aims to raise up to $748M in its IPO, selling ~22M shares at $31 to $34 each, for a ~$6.5B valuation; Reddit set aside 1.76M shares for its users — - Reddit aims to raise up to $748 million as part of its upcoming IPO, according to a corporate filing on Monday.
More: Axios, TechCrunch, The Verge, 9to5Mac, Bloomberg, RTÉ, NBC News, Financial Times, U.S. Securities and Exchange Commission, Fast Company, Proactive, KNSD-TV, Tech Startups, CoinGape, Fortune, Reuters, and Benzinga
X: @danprimack, @lesliepicker, @edludlow, and @trace_cohen
Forums: Hacker News and Beehaw
| Kashmir Hill / New York Times: |
GM, Honda, Kia, Hyundai, and others added optional features in their apps to rate people's driving in recent years, offering the data to brokers like LexisNexis — LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars …
Mastodon: @dangillmor@mastodon.social. X: @evan_greer, @ccanonne_, @ericdharvey, @kashhill, @lawrencehurley, @halsinger, @swiftonsecurity, @lmower3, @jose_pagliery, @nick_kapur, @tomgara, @davecullen, @hoofnagle, and @kashhill
Forums: Hacker News and r/technology
| Foo Yun Chee / Reuters: |
EU privacy watchdog EDPS says the European Commission using Microsoft 365 breached privacy rules and the EU didn't implement adequate data transfer safeguards — The European Commission's use of Microsoft (MSFT.O) software breached EU privacy rules and the bloc's executive also failed …
More: European Data Protection …, TechCrunch, The Register, Neowin, Euractiv, Euronews, and The Verge
X: @eu_edps and @maxschrems
| Manish Singh / TechCrunch: |
Elon Musk says xAI plans to open-source Grok this week; xAI released Grok in November 2023, offering access to “real-time” data via X's $16/month subscription — Elon Musk said Monday he will open-source Grok, X's AI chatbot rivaling ChatGPT, this week, days after suing OpenAI …
More: Engadget, Benzinga, RTÉ, Barron's Online, Reuters, PCMag, Wall Street Journal, Coinspeaker, Tech Startups, Proactive, Nairametrics, Cointelegraph, Tech in Asia, PhoneArena, Cryptopolitan, Analytics India Magazine, and CoinGape
X: @aravsrinivas, @emostaque, @iscienceluvr, @thegregyang, @elonmusk, @xdaily, and @basedbeffjezos. Forums: r/technology
| Jonathan Stempel / Reuters: |
Authors Brian Keene, Abdi Nazemian, and Stewart O'Nan sue Nvidia over allegedly using their work to train NeMo, saying the company “admitted” to using the books — Nvidia (NVDA.O), whose chips power artificial intelligence, has been sued by three authors who said it used … | Gary Marcus / Marcus on AI: |
Looking back at “Deep Learning is Hitting a Wall”, a 2022 article by Gary Marcus, ridiculed by many, and how a paradigm shift, not just scale, is needed for AGI — Report card on an infamous paper. — Two years ago today I published my most infamous article:
More: diginomica. Bluesky: @marypcbuk.bsky.social and @alanrew.bsky.social
X: @garymarcus, @garymarcus, and @elliotmurphy91. LinkedIn: Eduardo César Garrido Merchán. Forums: Hacker News
| Mark Gurman / Bloomberg: |
A look at the designs Apple considered for its electric car, including one by Jony Ive that resembled a modern reincarnation of the 1950s Volkswagen microbus — The Apple car was a case study in what happens when corporate indecision, technological challenges and market realities combine …
More: 9to5Mac, MacRumors, AppleInsider, 9to5Mac, Android Headlines, SlashGear, T3, Electrek, Tom's Guide, TechRadar, Wccftech, Mashable, iPhone in Canada Blog, Verdict, BGR, MacDailyNews, iMore, Barron's Online, Business Today, KnowTechie, Benzinga, PhoneArena, MobileSyrup, PCMag, The Verge, and Yanko Design
| Hannah Murphy / Financial Times: |
Pavel Durov says Telegram has 900M users, hopes “to become profitable next year, if not this year”, was “offered $30B+ valuations” by VCs, and considers an IPO — In rare interview, Pavel Durov says secretive messaging app is making ‘hundreds of millions of dollars’ from ads business| Elizabeth G. Dunn / New York Times: |
A profile of food delivery app Wonder, led by Diapers.com and Jet.com founder Marc Lore, who invested $200M+ and targets a $30B IPO in three to five years — Marc Lore, the entrepreneur behind Diapers.com and Jet.com, would like to disrupt food delivery. But he really wants to build a brand that actually lasts.
X: @dinvesting, @stevehiltonx, @profschleich, and @daniellejing
| Financial Times: |
Thomson Reuters CEO Steve Hasker says the group has $8B to spend on M&A and AI investments, to help transform its businesses of supplying professional data — Media and data group will develop its own technology and scoop up targets with AI capabilities| Lauren Goode / Wired: |
Q&A with Yoel Roth, as he joins Match Group as head of trust and safety, 16 months after his public exit from Twitter following Elon Musk's acquisition — Yoel Roth suffered targeted harassment after quitting as top content cop at Elon Musk's Twitter. Now he's head of trust and safety … | Fortune: |
Sources detail a secret $100M investment in Kickstarter by a16z Crypto, letting staff and investors cash out, that led to its abandoned blockchain pivot in 2021 — In early December 2021, employees at the crowdfunding startup Kickstarter got news of a windfall: An investor group wanted to buy some of their shares.Sponsor Posts
Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
Labels that build themselves: Simplified Label Automation in Zoho Writer — Anyone who ships every day knows this feeling. Forty orders, each with a different number of items, and every item needs its own label.
Labels that build themselves: Simplified Label Automation in Zoho Writer — Anyone who ships every day knows this feeling. Forty orders, each with a different number of items, and every item needs its own label.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
WebBrain:
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.Featured Podcasts
The Upstarts Podcast:
How Ramp Built A $60B AI Product Factory Off A Corporate Card | Co-CEO Eric Glyman
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
Would you let a robot do it?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Training Data:
A Model For Everyone: How Ronak From Trajectory Is Building Products For Continual Learning
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Big Technology Podcast:
Can AI Keep Going After The Democrats' Big Win? — With Teddy Schleifer
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Machine Gods:
Crypto's Biggest Heist Ever + The Spy Who Loved Nvidia + Hacktober's Unsolved Mysteries
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
Channels with Peter Kafka:
Barry Diller on Big Bets, AI, and Knowing When to Walk Away
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
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