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February 27, 2024, 11:00 AM
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| 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.
More: Sony Interactive Entertainment, Reuters, Kotaku, IGN, TheGamer, International Business Times, Game World Observer, Road to VR, Silicon Valley Business …, Windows Central, NBC News, BBC, TechCrunch, Associated Press, CNBC, Video Games Chronicle, Fortune, Cybernews.com, PC Gamer, Neowin, Gameranx, Aftermath, TechRadar, Pocket Gamer.biz, Variety, TechRaptor, The Hollywood Reporter, Deadline, Polygon, MSPoweruser, Pure Xbox, GamingBolt, Digital Trends, and Dot Esports
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LinkedIn: Mike Rouse, Jon Wills, Ali Durrant, Ben Jones, Victoria Emma Tyrer, and Sam Carlisle. Forums: r/technews
| 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 …
More: Tom's Hardware, PCWorld, Engadget, IGN, Android Headlines, VideoCardz.com, Gameranx, TechRadar, 9to5Google, OC3D, Game Rant, Neowin, and KitGuru
Forums: r/technology, r/GeForceNOW, and Slashdot
| 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
More: TechCrunch, Reuters, PYMNTS.com, Associated Press, MSPoweruser, CoinGape, The Verge, Nairametrics, and Data Center Knowledge
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| Romain Dillet / TechCrunch: |
More: Mistral AI, Microsoft On the Issues, MediaPost, AI News, Cointelegraph, The Rundown AI, Decrypt, PCMag, MSPoweruser, Analytics India Magazine, and Constellation Research
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Forums: Hacker News and r/MistralAI
| Madhumita Murgia / Financial Times: |
More: Source, The Information, RTÉ, Reuters, The Verge, Politico, The Stack, Associated Press, Gizmodo, Barron's Online, Ben's Bites, TechPowerUp, CNBC, Silicon Republic, Silicon Canals, Livemint, Cryptopolitan, Tech.eu, Coinspeaker, PitchBook, Business Post, SiliconANGLE, Inc.com, Investing.com, The Decoder, GeekWire, Maginative, Tech Xplore, Sifted, Benzinga, Neowin, MSPoweruser, TNW, and Wall Street Journal
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| 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 …
More: 9to5Mac, The Streamable, PYMNTS.com, Engadget, Metro.co.uk, Wccftech, KnowTechie, Root-Nation.com, TweakTown, Gizchina, iMore, Benzinga, PhoneArena, AppleInsider, MacRumors, and The Mac Observer
| Sifted: |
Hopin, the struggling virtual events startup valued at $7.75B in 2021, enters liquidation for its UK parent company as it moves its HQ to Delaware in the US — The company was once valued at $7.75bn … London-based event tech startup Hopin — which shot to a $5.65bn valuation in 2021 …
More: Silicon Republic, Hopin, Australian Financial Review, The Information, and PitchBook. Mastodon: @carnage4life@mas.to
| Ingrid Lunden / TechCrunch: |
Lapse, a photo app that makes users wait to share unedited pictures as they are “developed” like film, raised a $30M Series A, sources say at a $150M valuation — It can cost a fortune in 2024 to find an analogue camera, buy film (and maybe special batteries) for it, and take pictures that then need to be developed.
More: Tech.eu, FinSMEs, Bloomberg, and EU-Startups
| 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.| Sarah Zheng / Bloomberg: |
In amended filings, Alibaba discloses previously unknown stakes by the Chinese government in more than 12 of its business entities, following a US SEC inquiry — The Hangzhou-based e-commerce pioneer said in filings in the US and Hong Kong over the weekend that more than a dozen of its entities … | Alexis Ong / The Verge: |
A look at the underground floppy disk music scene; Discogs data shows 500+ floppy music releases in the 2020s, more than in the 1980s, 1990s, and 2000s combined — The first computery thing I do in the year 2024 is nudge a 3.5-inch floppy disk into a USB floppy drive that I bought … | 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 …
More: Guardio, Security Boulevard, SecurityWeek, SC Media, Hackread, and TechRadar
| 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
| Kali Hays / Business Insider: |
Sources: Meta aims to reveal and demo, but not launch, the first version of its AR glasses, codenamed Orion, during its Connect developer conference in the fall — - Under an internal project named Orion, Meta has been working on high-tech AR glasses for years.| Ingrid Lunden / TechCrunch: |
Inkitt, the self-publishing site that wants to use AI to pick and tweak the most compelling stories to distribute on its Galatea app, raised a $37M Series C — Everyone has a story in them, as someone famous once said. A startup called Inkitt believes that it can use AI to turn the strongest … | Saritha Rai / Bloomberg: |
Intenseye, which uses computer vision to spot risks and enhance workplace safety, raised a $64M Series B led by Lightspeed, bringing its total funding to $90M — Intenseye has raised $64 million in a funding round led by Lightspeed Venture Partners to develop AI that can detect …
More: SiliconANGLE, FinSMEs, Lightspeed Venture Partners, Business Wire, and Pulse 2.0
| Saritha Rai / Bloomberg: |
Tel Aviv-based Exodigo, which uses AI and sensors to make underground maps for energy, utility, transport, and construction companies, raised a $105M Series A — - Greenfield Partners, Zeev Ventures lead Series A round — Startup makes maps for utility, transport, construction firms
More: FinSMEs
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