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February 27, 2024, 11:10 AM
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Top News

Tom Warren / The Verge:
Sony plans to lay off around 900 employees, or 8% of workforce, at its PlayStation division, and close its London Studio in the UK  —  Sony says it's laying off around 900 employees of its PlayStation division, a reduction of its global headcount of around 8 percent.
Jason Schreier / Bloomberg:
Sony says its PlayStation layoffs will also impact game makers Insomniac, Naughty Dog, and Guerrilla, three of its most successful subsidiaries  —  The company is also canceling a game based on the Twisted Metal racing franchise  —  Sony Group Corp. will lay off 900 people across …
Sean Hollister / The Verge:
Nvidia plans to start showing free-tier GeForce Now users “up to two minutes” of video ads on February 28 while they are queuing to start a cloud gaming session  —  Nvidia's completely free, no-strings attached trial of its cloud gaming service GeForce Now is about to be very slightly less …
Samuel Stolton / Bloomberg:
Microsoft says its investment in Mistral AI amounts to €15M; EU regulators plan to analyze the investment, which could eventually lead to a formal investigation  —  - Partnership amounts to €15 million investment, Microsoft says  — EU analysis could lead to future formal investigation
Romain Dillet / TechCrunch:
Mistral AI releases Mistral Large, a cheaper GPT-4 rival that supports 32K-token context windows, and Le Chat, a ChatGPT-like chat assistant in public beta
Madhumita Murgia / Financial Times:
Microsoft takes a minor stake in Mistral AI and plans to help bring the French startup's AI models to market, as regulators probe Microsoft's OpenAI alliance
Wes Davis / The Verge:
Netflix confirms that it has started removing Apple iTunes billing for longtime subscribers, and now requires them to pay directly on its website  —  Netflix confirms to The Verge that it has begun booting longtime subscribers off their Apple iTunes billing plans, and will require …
Reuters:
Sources: the BlackCat ransomware gang is behind the outage at UnitedHealth's technology unit that has disrupted services at pharmacies in the US for six days  —  Figurines with computers and smartphones are seen in front of the words “Cyber Attack” in this illustration taken, February 19, 2024.
Ingrid Lunden / TechCrunch:
AI-based photo editing app PhotoRoom raised $43M led by Balderton Capital at a $500M valuation, says it has 150M+ downloads and processes ~5B images annually  —  Photoroom, the AI-based photo editing app out of Paris that has been growing like a weed targeting people doing business online …
More: Forbes
Jordan Novet / CNBC:
Glean, which uses AI to offer unified search across apps used at a company, raised a $200M+ Series D at a $2.2B valuation and says annualized revenue hit $39M  —  - Glean is valued at $2.2 billion in its latest funding round.  — The company is taking on the Copilot chat tool for Microsoft 365 …
Bill Toulas / BleepingComputer:
Researchers detail a spam campaign using 21K hijacked abandoned domains and subdomains from brands like eBay, MSN, and VMware to send ~5M malicious emails daily  —  A massive ad fraud campaign named “SubdoMailing” is using over 8,000 legitimate internet domains and 13,000 subdomains to send …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:10 AM ET, February 27, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Matthew Keys / TheDesk.net:
Five more states join the lawsuit filed last month by eight states seeking to block Nexstar's Tegna acquisition, which Nexstar said the DOJ and FCC approved

Winston Cho / The Hollywood Reporter:
A group of TV consumers sue in federal court in California to block Paramount's acquisition of WBD on antitrust grounds; Paramount says the suit lacks merit

Reporters Without Borders:
RSF Press Freedom Index hits a 25-year low: over 50% of the world's countries fall into the “difficult” or “very serious” categories; Norway holds the top spot

More News

RT Watson / The Block:
Bloomberg data: BlackRock's spot bitcoin ETF set a one-day trading volume record of $1.3B+ on February 26, beating its $1B+ launch day record; BTC passes ~$55K
Ryan Gallagher / Bloomberg:
The US adds Sandvine to its entity list, banning the networking equipment company from obtaining US tech, for supplying Egypt with equipment used for censorship
Katrina Manson / Bloomberg:
The CTO for US Central Command says ML algorithms developed under Project Maven helped narrow down targets for 85+ air strikes in the Middle East on February 2
Randy Thanthong-Knight / Bloomberg:
Canada introduces the Online Harms Act, which aims to hold platforms responsible for reducing exposure to damaging content and create a digital safety regulator

Earlier Picks

Ben Thompson / Stratechery:
While Google paused Gemini's image generation, its text generation tool also gives absurd responses, highlighting the need for open-source AI models to flourish
Bloomberg:
During oral arguments, SCOTUS justices seemed reluctant to strike down Texas' and Florida's social media laws, but raised concerns about companies' 1A rights
Cheyenne MacDonald / Engadget:
Google unveils new Android features: Gemini integrated in Messages, AI-powered text summaries in Android Auto, AI-generated image captions in Lookout, and more
Steve Dent / Engadget:
Samsung unveils the Galaxy Ring at MWC 2024; the device will be centered around health and wellness, come in three colors, and be available later in 2024
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