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March 11, 2024, 10:20 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: @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: Benzinga, RTÉ, Barron's Online, Reuters, PCMag, Coinspeaker, Tech Startups, Proactive, Nairametrics, Wall Street Journal, 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 is seemingly needed to attain 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 design options Apple considered for its 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, Mashable, Wccftech, iPhone in Canada Blog, Verdict, BGR, MacDailyNews, iMore, Barron's Online, Business Today, KnowTechie, Benzinga, PhoneArena, MobileSyrup, PCMag, The Verge, and Yanko Design
| 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
| 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| 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 … | Financial Times: |
Interviews and court filings: 10 former Pinduoduo staff describe surveillance after leaving and lawsuits to enforce strict non-competes and stifle competition — Lawyers allege Chinese tech companies abuse laws intended to apply to top executives when they pursue low-level workers leaving for rivalsSponsor Posts
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