Techmeme
February 19, 2024, 8:40 PM

Top News

Ben Schoon / 9to5Google:
Wyze says ~13,000 customers could briefly see others' camera feeds, after a similar issue in 2023; Wyze blames glitches in rebooting systems after an AWS outage  —  It's, unfortunately, increasingly common for security cameras to have a glitch that exposes data from one user's system …
Wall Street Journal:
Tech investors and founders are flocking back to San Francisco, which is undergoing an AI boom, after leaving during the pandemic for Miami and other US cities  —  In 2020, venture capitalist Keith Rabois urged startup founders to join him in ditching San Francisco for Miami …
Drew Harwell / Washington Post:
The US awards $1.5B to GlobalFoundries from the $52B CHIPS Act, plus $1.6B in loans, to build a fab at its HQ in Malta, New York, and to expand its Fab 8 plant  —  The massive grant, part of the Chips Act, will help the U.S. establish a homegrown supply for some of the most critical components of modern life.
Jamie Tarabay / Bloomberg:
Law enforcement from 11 countries, including the FBI and UK National Crime Agency, disrupt the LockBit gang and seize 11K domains used to facilitate ransomware  —  - Law enforcement from 11 agencies participated in operation  — Ransomware websites used by hackers seized to thwart attacks
Paul Sawers / TechCrunch:
MariaDB, which went public in December 2022 via a SPAC, receives an offer from K1 to take it private in a $37M deal, far below its $672M Series D valuation  —  MariaDB is the subject of another potential takeover bid, as the company behind the eponymous open source relational database management system …
South China Morning Post:
Meizu, which was acquired by Chinese automaker Geely in 2022, will no longer make smartphones, to pursue an “all in AI” strategy over the next three years  —  - Meizu said it is terminating all traditional smartphone projects to focus on developing artificial intelligence-enabled handsets
Javier Espinoza / Financial Times:
Sources: the EU plans to fine Apple ~€500M in March for allegedly breaking EU law over access to music streaming services, following a 2019 complaint by Spotify  —  Move is culmination of long-running European Commission antitrust probe after a complaint by Spotify
Mark Gurman / Bloomberg:
Apple Store sources: Vision Pro returns are between average and above average compared to other products; some in-store demo conversion rates are 10% to 15%  —  The Apple Vision Pro has now been available for two weeks — and some of Apple's most dedicated customers are returning the device to get back their $3,500.
Foo Yun Chee / Reuters:
The European Commission opens an investigation into whether TikTok breached DSA rules meant to protect children, the second DSA investigation after one into X  —  The European Commission has opened formal proceedings against ByteDance's TikTok under the Digital Services Act (DSA) …

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