Techmeme
October 14, 2022, 10:40 PM

Top News

Wayne Ma / The Information:
Sources: Apple's headset will scan users' irises for logging in and making payments and will have two downward-facing cameras to capture users' legs for avatars  —  By the time Apple introduces its much-anticipated mixed reality headset—planned for sometime next year—Meta Platforms …
Tom Warren / The Verge:
Nvidia “unlaunches” the 12GB RTX 4080 announced in September after a backlash, saying the GPU sharing the 4080 designation with the RTX 4080 16GB is confusing  —  Nvidia is pausing the launch of its upcoming 12GB RTX 4080 graphics card.  After originally unveiling the 12GB RTX 4080 …
Erin Woo / The Information:
Sources: Instacart slashed its internal valuation to ~$13B, its third cut in 2022 and 67% below its 2021 valuation, to reset investor expectations for its IPO  —  Instacart, the instant delivery company gearing up to go public, has slashed its internal valuation to about $13 billion, according to two people familiar with the matter.
Drew Harwell / Washington Post:
A look at TikTok's rise, as US viewers spend longer in the video app than Facebook and Instagram combined, and ongoing issues with its Chinese ownership  —  The world's most popular app has pioneered a new age of instant attention.  Can we trust it?  —  On the night Shelby Renae …
Sara Fischer / Axios:
Meta plans to end support for Instant Articles, a source says in mid-April 2023, giving news publishers six months to readjust their Facebook strategies  —  Meta is ending support for Instant Articles, a proprietary mobile format it debuted in 2015 to quickly load news articles on the Facebook app, Axios has learned.
Ivan Mehta / TechCrunch:
For mobile search result ads, Google is replacing “Ad” with “Sponsored” and moving the bolded label from beside the URL to above it in a separate line  —  Over the years, Google has made it harder to separate ads from organic search results at a glance.
Mitchell Clark / The Verge:
NLRB: Apple's Penn Square store employees in Oklahoma City have voted to unionize with the CWA, with 56 votes in favor and 32 against  —  Workers at Apple's Penn Square store in Oklahoma City have voted to unionize with the Communications Workers of America, with 56 yeses, and 32 nos.
George Simister / UKTN:
Manchester-based Connex One, which provides customer engagement tools to contact centers, raised a £93M Series C  —  Manchester-based customer engagement platform Connex One has secured £93m in a Series C funding round.  —  Connex One's software, used by the likes of O2 and Gousto …
More: Connex One
Toby Sterling / Reuters:
Dutch e-commerce company Prosus plans to sell its Russian online marketplace Avito to Kismet Capital for ~$2.46B; Avito was valued at ~$6B before Russia invaded  —  Prosus (PRX.AS), the Dutch-based technology investor, said on Friday it has agreed to sell its Russian online marketplace Avito …
More: Bloomberg
Washington Post:
A letter to top senators from ~250 industry groups urges a Senate floor vote for FCC nominee Gigi Sohn to end a 21-month deadlock so Biden can ratify his agenda  —  Almost 250 groups will send a letter Friday to congressional leaders, calling for the Senate to vote to confirm Democratic nominee Gigi Sohn

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Earlier Picks

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