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Techmeme
April 17, 2024, 1:05 AM
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Top News

Connor Jones / The Register:
UnitedHealth says the February ransomware attack on Change Healthcare cost the company $872M in Q1; another ransomware group appears to be extorting the company  —  First glimpse at attack financials reveals huge pain  —  UnitedHealth, parent company of ransomware-besieged Change Healthcare …
Rob Golum / Bloomberg:
Filing: Take-Two plans to lay off 5% of its workforce, expecting to incur up to $200M in charges as part of the downsizing, including $140M from canceled titles  —  The company sees expenses of up to $200 million as part of the effort, including as much as $140 million from canceled projects …
Priya Anand / Bloomberg:
Sensor Tower: Naval Ravikant and Brian Norgard's audio-focused invitation-only social app Airchat has been downloaded 30K+ times since it relaunched this month  —  - The app feels like a combination of voice notes and Twitter  — Invite-only Airchat has won over VCs and early adopters
Dell Cameron / Wired:
The Senate is set to vote on RISAA, which reauthorizes FISA's Section 702 and could force new types of businesses to eavesdrop on Americans without a warrant  —  A controversial bill reauthorizing the Section 702 spy program may force whole new categories of businesses to eavesdrop …
Benjamin Sandofsky / Sandofsky:
How Humane's attempt to build its Ai Pin “The Apple Way” led to disastrous results, after taking six years to build it and raising $230M  —  Why You Can't Build Apple with Venture Capital  —  An ex-Apple designer who went on to startup success once told me …
Ingrid Lunden / TechCrunch:
Herlev, Denmark-based Flatpay, which offers payment services to retail shops, restaurants, salons, and more, raised a €45 Series B led by Dawn Capital  —  As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business.
FinSMEs:
Tel Aviv-based Cynomi, which offers an AI-powered virtual CISO service for managed service providers, raised a $20M Series A led by Canaan  —  Cynomi, a Tel Aviv, Israel-based vCISO platform provider for MSPs and MSSPs, raised $20M in funding.  —  The round was led by Canaan, with Flint Capital …
More: Cynomi and Pulse 2.0
Natasha Lomas / TechCrunch:
Apple debuts web distribution of iOS apps to EU users, allowing qualifying devs who opt in to its Core Technology Fee to offer direct downloads from their sites  —  Apple is opening up web distribution for iOS apps targeting users in the European Union from today.
Lizette Chapman / Bloomberg:
Andreessen Horowitz raised $7.2B, including $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4%  —  Andreessen Horowitz, one of Silicon Valley's biggest venture capital firms, has raised $7.2 billion in new funding — a sizable haul after a rocky period for the startup world.
Bloomberg:
Sources: in 2023, Abu Dhabi's G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures  —  Tech Daily … Quicktake
Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI startup G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:05 AM ET, April 17, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Perry Stein / Washington Post:
Source: the US DOJ sought to force WaPo and WSJ reporters to testify before a grand jury but withdrew the subpoenas this month after the outlets challenged them

Max Tani / Semafor:
Documents: The Daily Wire, founded by conservative podcaster Ben Shapiro in 2015, seeks to raise at least $100M in a round that would value the company at $750M

Jake Kanter / Deadline:
UK ministers are advancing a bill requiring YouTube and TikTok to promote BBC and ITV content, as well as forcing streamers to show big sports events for free

More News

PA Media:
The UK proposes legislation to outlaw creating sexually explicit deepfake photos without consent, regardless of whether creators intended to share the images
Todd Spangler / Variety:
TikTok and ticketing provider AXS sign a deal to let users buy tickets to live events in the US, the UK, and more; TikTok has had a Ticketmaster deal since 2022
Paul Alcorn / Tom's Hardware:
AMD unveils the Ryzen Pro 8040 series for business laptops and mobile workstations and the Ryzen Pro 8000 series for desktops, adding an NPU for AI processing
Raphael Satter / Reuters:
The Open Source Security Foundation and the OpenJS Foundation say the attempt to insert a secret backdoor into XZ Utils “may not be an isolated incident”

Earlier Picks

Abner Li / 9to5Google:
YouTube strengthens its “enforcement on third-party apps” violating its ToS, “specifically ad-blocking apps”, leading to error messages and “buffering issues”
Jane Lanhee Lee / Bloomberg:
AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips
Vittoria Elliott / Wired:
Meta's Oversight Board plans to investigate two deepfake porn cases involving unnamed celebrities who had their images altered to create explicit content
Jennifer A. Kingson / Axios:
Meta plans to launch a new education product for Quest that will let teachers access education apps for students ages 13+ and manage multiple headsets at once
Stephen Nellis / Reuters:
Adobe says it is in the early stages of developing a way to let Premiere Pro users tap AI models from OpenAI, Runway, and Pika Labs to generate video
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