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March 11, 2024, 10:45 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, Gizmodo, TechCrunch, The Verge, 9to5Mac, Bloomberg, U.S. Securities and Exchange Commission, NBC News, RTÉ, Financial Times, Fast Company, Proactive, Tech Startups, CoinGape, KNSD-TV, 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, WebProNews, 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: New York Post, Engadget, Benzinga, RTÉ, Barron's Online, Reuters, PCMag, Wall Street Journal, Coinspeaker, Tech Startups, Nairametrics, Proactive, Cointelegraph, PhoneArena, Cryptopolitan, Analytics India Magazine, CoinGape, and Tech in Asia
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 … | 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 … | 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
| Elizabeth G. Dunn / New York Times: |
A profile of food delivery app Wonder from Diapers.com and Jet.com co-founder Marc Lore, who invested $200M+ and is targeting 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, aims “to become profitable next year, if not this year”, was “offered $30B+ valuations” by VCs, and is weighing an IPO — In rare interview, Pavel Durov says secretive messaging app is making ‘hundreds of millions of dollars’ from ads business| 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, Electrek, T3, Wccftech, Tom's Guide, Mashable, TechRadar, iPhone in Canada Blog, Verdict, MacDailyNews, iMore, BGR, Barron's Online, Business Today, KnowTechie, Benzinga, PhoneArena, MobileSyrup, The Verge, PCMag, and Yanko Design
| 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| Flavia Rotondi / Bloomberg: |
An Italian minister says Singapore-based Silicon Box plans to invest €3.2B to build a chip factory; Silicon Box raised $200M in January 2024 at a $1B+ valuation — Semiconductors startup Silicon Box will invest €3.2 billion ($3.5 billion) in Italy to build a chip factory in the north …
More: eeNews Europe, Financial Times, and Reuters
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