Techmeme
September 14, 2023, 7:15 AM

Top News

Dan Primack / Axios:
Arm prices its 95.5M shares at $51 a piece, raising $4.87B in 2023's largest IPO so far and giving the company a fully diluted valuation of ~$54.5B  —  Arm, the British chip design giant controlled by SoftBank, has raised nearly $5 billion in its initial public offering.
Suzanne Rowan Kelleher / Forbes:
MGM Resorts' website is still down over 60 hours after being hit by a cyberattack; ransomware-as-a-service group ALPHV, aka BlackCat, reportedly took credit  —  The ALPHV/BlackCat ransomware group claimed responsibility for a breach that began, of all places, on LinkedIn.
William Turton / Bloomberg:
Sources: Caesars Entertainment paid tens of millions of dollars to hackers who breached the company's systems in recent weeks and threatened to release the data  —  - Hackers stole data, extorted company, people familiar said  — Caesars breach came in weeks before MGM announced cyberattack
Alex Ivanovs / Stack Diary:
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected  —  A significant vulnerability in the WebP Codec has been unearthed, prompting major browser vendors, including Google and Mozilla …
Kat Bailey / IGN:
Unity acknowledges the “confusion and frustration” about its planned install fees but argues that “more than 90% of our customers will not be affected”  —  Platform holder claims “90 percent of users” won't be affected by change.  —  Game developers are still furious …
Jez Corden / Windows Central:
More: Game Developer, garry.net, Ars Technica, Axios, 404 Media, GamesIndustry.biz, Unity Forum, TechNode, Gamereactor UK, GamingBolt, GoNintendo, Video Games Chronicle, GameSpot, and ExtremeTech
Wall Street Journal:
The US Senate's AI Insight Forum: Elon Musk warned of AI risks, Mark Zuckerberg defended open source, all guests agreed the US needs to regulate AI, and more  —  Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session
Louise Matsakis / Semafor:
Google cuts hundreds from its global recruiting team, saying “the volume of requests for our recruiters has gone down”, but plans to keep a significant majority  —  Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow.
Sarah Perez / TechCrunch:
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions  —  Amazon today introduced a new set of generative AI tools aimed at sellers which the retailer says will simplify the process of creating product listings.
Helene Braun / CoinDesk:
A US judge says FTX can now sell, stake, and hedge its crypto holding, estimated to be worth $3.4B+, including $1.16B in solana, to repay creditors  —  Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell …
Taylor Lorenz / Rolling Stone:
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her  —  In her book ‘Extremely Online,’ journalist Taylor Lorenz details how Julia Allison invented the concept of being a content creator a decade before it caught on
Wall Street Journal:
Docs: Starlink reported $1.4B in 2022 revenue, up from $222M in 2021, falling short of projections in 2015, as some question satellite internet's growth options  —  Revenue at Elon Musk's satellite-internet business has jumped but has fallen short of plans  —  SpaceX's satellite-internet division …
Bloomberg:
The White House is watching China expand its government ban on iPhones “with concern” and says the move appears to be “aggressive and inappropriate retaliation”  —  - National Security Council is watching issue with concern  — Beijing cites problems with the security of Apple devices
Washington Post:
On day two of the Google trial, an Apple lawyer protested two numbers the DOJ used in its opening statement, including Google paying Apple $4B-$7B for search  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
New York Times:
How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue  —  As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.

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More News

Mariana Lenharo / Nature:
Dan Taylor / Tech.eu:
Isaac Schorr / Mediaite:
Cecilia D'Anastasio / Bloomberg:

Earlier Picks

Reuters:
Frederic Lardinois / TechCrunch:
Tim Starks / Washington Post:
Emma Roth / The Verge:
Tom Ivan / Video Games Chronicle:
Justine Calma / The Verge: