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Qualcomm says Apple extended its modem deal for three more years, covering “smartphone launches in 2024, 2025, and 2026”; the prior deal was set to end in 2023 — - Pact between the companies had been scheduled to end this year — The iPhone maker has been trying to create its own components| Reuters: |
Filing: Instacart aims to raise up to $616M in its IPO at an up to $7.73B valuation and prices shares at $26 to $28; the listing is expected later this month — Instacart is aiming for a valuation of up to $7.73 billion, the grocery delivery company said on Monday, in its march toward … | WABetaInfo: |
WhatsApp releases an Android beta that adds a “Third-party chats” screen, offering a clue for how Meta plans to comply with the EU's DMA interoperability rules — WhatsApp is rolling out a new update through the Google Play Beta Program, bringing the version up to 2.23.19.8.| Zack Abrams / The Block: |
FTX sues cross-chain swap protocol builder LayerZero Labs, seeking to undo a $45M deal made four days before FTX filed for bankruptcy and a $40M cash withdrawal — - The FTX estate is suing blockchain infrastructure company LayerZero Labs in an attempt to undo a $45M deal made in the midst of its collapse.| Jack Schickler / CoinDesk: |
Filing: FTX's estate has now marshalled ~$7B in assets, including $1.5B in cash, $1.16B in solana, $560M in bitcoin, and $200M in properties in the Bahamas — The company says it paid billions to executives including founder Sam Bankman-Fried before filing for bankruptcy last year. — Register Now| Zac Bowden / Windows Central: |
Microsoft ends software support for the original Surface Duo, three years after its launch; the Android smartphone received only two major OS updates — On its third birthday, the original Surface Duo is no longer supported by Microsoft. — What you need to know| Wall Street Journal: |
A competition between Wharton MBA students and ChatGPT that judges generating ideas for a new product or service finds that 35 of the top 40 came from ChatGPT — We put humans and AI to the test. The results weren't even close. — How good is AI in generating new ideas?| Gillian Tett / Financial Times: |
An interview with Walter Isaacson on Elon Musk, the new biography, why Musk agreed, the Twitter acquisition, Musk being “driven by demons”, surprises, and more — The writer tells Gillian Tett what he learnt during two years spent with ‘total access’ to the tech tycoon| Hunter Walk: |
Why there has never been a better time for online creators: it might be harder than ever to earn $1M per year but it has never been easier to make $50,000 — I judge the health of the creator economy by one single controversial factor: ease of access and probability of survival for its participants.| Manish Singh / TechCrunch: |
Coinbase emails its customers in India to say the company plans to cease operations in the country from September 25, advising users to withdraw remaining funds — Coinbase said Monday that it has disabled new user sign-up on its exchange product in India, but remains committed to the country … | Wall Street Journal: |
Sources: Meta plans to begin training a new LLM in Q1 2024 on its own infrastructure and hopes the model will be roughly as capable as OpenAI's GPT-4 — Parent of Facebook and Instagram wants artificial-intelligence system to be as capable as OpenAI's most advanced model — Platforms is setting its sights on OpenAI.
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