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March 11, 2024, 3:10 PM
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memeorandum
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| Kashmir Hill / New York Times: |
GM, Honda, Kia, Hyundai, others have added features in their mobile apps to rate driving skills, then sent the data to brokers; some saw insurance payments jump — LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars …
More: iPhone in Canada Blog, KnowTechie, and Boing Boing
X: @senmarkey, @kashhill, @davecullen, @lmower3, @evan_greer, @nick_kapur, @halsinger, @kashhill, @ccanonne_, @hoofnagle, @ericdharvey, @kashhill, @tomgara, @swiftonsecurity, @jose_pagliery, and @lawrencehurley
Forums: Hacker News, r/technology, r/cars, and r/business
| Emma Roth / The Verge: |
Airbnb will no longer let hosts use indoor security cameras, staring April 30, citing renters' privacy; previously, cameras in common areas had been allowed — Airbnb will no longer allow hosts to use indoor security cameras, regardless of where they're placed or what they're used for.
More: Airbnb Newsroom, TechHive, PCMag, TechCrunch, Engadget, Metro.co.uk, PetaPixel, Skift, Mashable, WHDH-TV, and Wired
| 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: U.S. Securities and Exchange Commission, Axios, TechCrunch, Associated Press, The Guardian, 9to5Mac, Renaissance Capital, Barron's Online, The Register, InvestorPlace, Gizmodo, Bloomberg, Reuters, Wccftech, NBC News, Variety, City A.M., KNSD-TV, NBC Bay Area, Coinspeaker, Financial Times, Livemint, Benzinga, and The Verge
X: @lesliepicker, @danprimack, @trace_cohen, and @edludlow
| 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 … | 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: Ars Technica, Silicon Valley Business …, The Register, Barron's Online, TorrentFreak, Wall Street Journal, The Economic Times, Shacknews, Plagiarism Today, Game Rant, Proactive, IGN, TipRanks Financial, PC Gamer, CoinGape, CCN.com, Interesting Engineering, Silicon Republic, MediaNama, CDR-news.com magazine, TweakTown, Benzinga, NewsBytes, PYMNTS.com, The Decoder, Reuters, and The Verge
Forums: Hacker News, r/artificial, r/StockMarket, r/wallstreetbets, and r/technology
| 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.
More: The Verge. Mastodon: @BabblingGeek@infosec.exchange and @molly0xfff@hachyderm.io
Bluesky: @marypcbuk.bsky.social and @cachiporra.bsky.social
X: @jeffjohnroberts and @leomschwartz
| 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: Cointelegraph, iPhone in Canada Blog, Proactive, Coinspeaker, Nairametrics, crypto.news, TechCrunch, and CoinGape
| Alexandra Sternlicht / Fortune: |
TikTok uses a non-disparagement clause in RSU contracts, perhaps to silence staff, an unusual practice; one ex-staffer claims a share buyback offer was withheld — Current and former TikTok employees who criticize the company risk losing any stock they own—in some cases worth millions of dollars … | 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's AI startup xAI will open source Grok, its chatbot rivaling ChatGPT, this week, the entrepreneur said …
More: VentureBeat, Cybernews.com, Inc.com, Engadget, The Hill, Thurrott, International Business Times, Gizmodo, PYMNTS.com, Reuters, Wired, Forbes, New York Post, The Decoder, Wall Street Journal, Coinspeaker, Cryptopolitan, MSPoweruser, Proactive, RTÉ, Analytics India Magazine, Nairametrics, Tech Startups, Barron's Online, CoinGape, PCMag, PhoneArena, Benzinga, Tech in Asia, Cointelegraph, and iPhone in Canada Blog
X: @elonmusk, @elonmusk, @aravsrinivas, @emostaque, @iscienceluvr, @thegregyang, @xdaily, and @basedbeffjezos
Forums: r/technology and Slashdot
| 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 …
More: 9to5Mac, TechCrunch, and The Verge
X: @laurengoode and @laurengoode
LinkedIn: Kayla Whaling and Yoel Roth
| 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: @stevehiltonx, @profschleich, @dinvesting, and @daniellejing
| 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| Forbes: |
A profile of Bolt founder Ryan Breslow, who raised a $355M Series E in 2022, setting off 18 months of acrimonious lawsuits and a showdown with an early backer — The Silicon Valley wunderkind rode his fintech unicorn Bolt to the bank. Then came the lawsuits and money squabbles …
X: @alexrkonrad and @dannygroner
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