Techmeme
February 17, 2024, 3:30 PM

Top News

Amy Or / Bloomberg:
Sources: Reddit signed a deal early in 2024, worth ~$60M on an annualized basis, allowing a large unnamed AI company to train its models on Reddit's content  —  - Social media firm agrees $60 million deal with AI company  — Reddit advised to seek at least $5 billion IPO valuation
New York Times:
Sources: OpenAI completed a deal valuing the startup at $80B or more, planning to let employees cash out their shares in a tender offer led by Thrive Capital  —  The A.I. start-up's valuation tripled in less than 10 months.  —  OpenAI has completed a deal that values the San Francisco …
Bloomberg:
Sources: the UK, the US, and other allies are working to provide Ukraine with thousands of new AI-enabled drones that could swarm Russian targets simultaneously  —  - Technology could help Ukraine overwhelm some Russian targets  — Germany's Scholz calls on EU allies to increase Ukraine aid
Alex Heath / The Verge:
Q&A with Figma CEO Dylan Field on managing the company after the failed sale to Adobe, maintaining culture, using the $1B breakup fee, expansion plans, and more  —  Figma has a billion dollars and big plans for expansion as it emerges from the acquisition with its ‘foot on the gas.’  —  Happy Friday.
Dell Cameron / Wired:
Sources: FISA's Section 702 bill was shelved over a rule that would end the government's ability to pay US firms for information rather than serving a warrant  —  A surprise disclosure of a national security threat by the House Intelligence chair was part of an effort to block legislation …
Allison Johnson / The Verge:
Google releases Android 15's first developer preview, with updates related to Android's Dynamic Performance Framework, privacy, the camera experience, and more  —  Our first official glimpse of Android 15 is here.  It includes a lot of under-the-hood tweaks to strengthen communication between hardware …
Washington Post:
How tech workers, spurred by geopolitical threats, are embracing battlefield tech; PitchBook: VCs invested $108B in defense tech companies between 2021 and 2023  —  After a decade of building the future, tech's new guard is going back to the American past — spurring a funding frenzy in defense technology
Andy Robinson / Video Games Chronicle:
Sources: Nintendo told game publishers the Switch 2's launch is delayed from late 2024 to Q1 2025; source: Nintendo needs more time to prepare its own games  —  That's according to Brazilian journalist Pedro Henrique Lutti Lippe, who claims in a new OX do Controle video that he received the information from five separate sources.

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