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March 11, 2024, 12:05 PM
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| 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, r/technology, r/cars, and r/business
| 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.| 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: VentureBeat, PYMNTS.com, Gizmodo, New York Post, Engadget, RTÉ, Benzinga, Reuters, Barron's Online, PCMag, MSPoweruser, Wall Street Journal, Coinspeaker, Tech Startups, Proactive, Cointelegraph, PhoneArena, Cryptopolitan, Analytics India Magazine, Nairametrics, CoinGape, and Tech in Asia
Forums: r/technology and Slashdot
| 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, Euractiv, Neowin, Euronews, MSPoweruser, WebProNews, and The Verge
| 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 …
More: Wall Street Journal, The Economic Times, IGN, CCN.com, CDR-news.com magazine, PC Gamer, Interesting Engineering, TipRanks Financial, CoinGape, Silicon Republic, MediaNama, TweakTown, Benzinga, NewsBytes, PYMNTS.com, The Decoder, Reuters, and The Verge
Forums: Hacker News, r/artificial, r/StockMarket, r/wallstreetbets, and r/technology
| 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
More: TechCrunch and CoinGape
| 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
| Lauren Goode / Wired: |
Q&A with Yoel Roth, just named Match Group's 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: |
Thomson Reuters CEO Steve Hasker says the group has $8B to spend on AI acquisitions and investments, to transform its businesses of supplying professional data — Media and data group will develop its own technology and scoop up targets with AI capabilities| Fortune: |
Sources: a16z Crypto made a secret $100M investment in Kickstarter in 2021 that let staff and investors cash out and led to its later-abandoned blockchain pivot — 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.| Vishal Chawla / The Block: |
Eclipse Labs, which is developing an Ethereum Layer-2 blockchain using the Solana Virtual Machine, raised a $50M Series A co-led by Placeholder and Hack VC — - Eclipse Labs has raised $50 million in Series A funding co-led by Placeholder and Hack VC. — The firm is developing …
More: CoinDesk
| Financial Times: |
As chip companies seek a backup to China, Malaysia becomes a surprise investment destination, thanks to its background in packaging, assembling, and testing — Tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia
X: @chinabeigebook and @mjruehl
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