Techmeme
February 29, 2024, 6:30 AM

Top News

Alex Koller / CNBC:
EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023  —  - EA announced Wednesday that it will cut 5% of its workforce.  — The video game company employed 13,400 workers as of the end …
Deepa Seetharaman / Wall Street Journal:
Sources: the US SEC sent a subpoena to OpenAI in December 2023, seeking internal records, after the board's decision in November 2023 to fire Sam Altman as CEO  —  Regulator is examining internal communications of CEO Sam Altman, after board last year temporarily ousted him for alleged lack of candor
Reuters:
Coinbase says all services on its website have been restored after a “display issue” on February 28 caused some users to see a zero balance in their account  —  Coinbase Global (COIN.O) said on Wednesday that all services on its website have been restored after an issue earlier …
New York Times:
Sources detail Apple's $10B+ car project: years of disagreements over building a self-driving car or just an EV, talks with Elon Musk on buying Tesla, and more  —  Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was canceled this week.
Leo Schwartz / Fortune:
Gemini agrees to return the $1B+ owed to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn  —  The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins …
Mark Gurman / Bloomberg:
Tim Cook says Apple will “break new ground” in generative AI this year; Apple shareholders reject a request for a report into whether Apple uses AI ethically  —  - Shareholders approve recommendations for board, executive pay  — Longtime directors Al Gore and James Bell officially step down
Reuters:
FCC Chair Jessica Rosenworcel proposes subjecting carmakers to the Safe Connections Act to protect domestic abuse survivors from misuse of internet car systems  —  The chairwoman of the Federal Communications Commission on Wednesday proposed a potential new rule that would subject automakers …
Kyle Wiggers / TechCrunch:
ServiceNow, Hugging Face, and Nvidia release free code-generating AI models StarCoder2-3B/7B/15B, the first two of which can run on most modern consumer GPUs  —  Developers are adopting AI-powered code generators — services like GitHub Copilot and Amazon CodeWhisperer …
Mehtab Ansari / Smartprix:
Alleged renders of Samsung's Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor  —  The Galaxy Z Fold 6, leaks and rumors about the device have been floating around for a while now and yesterday we reported …
Shivam Patel / Reuters:
India approves setting up three chipmaking units worth $15.2B from companies including India's Tata Group and Japan's Renesas  —  India on Thursday approved setting up three chipmaking units worth 1.26 trillion rupees ($15.2 billion) from firms including India's Tata Group and Japan's Renesas …
Amrita Khalid / The Verge:
X adds a feature that lets Spaces hosts enable live video when they create a new session, available on iOS  —  Spaces, the live audio feature for X, is now letting hosts turn on their video during chat sessions.  The platform formerly known as Twitter announced the news on Wednesday …
More: Social Media TodayX: @cb_doge and @x
Jonathan Vanian / CNBC:
Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 20%+  —  - Snowflake said CEO Frank Slootman, who took the company public in 2020, is retiring.  — The stock dropped in extended trading.
Dara Kerr / NPR:
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details  —  WAIMEA, Hawaii — A life-size bronze statue of a cowboy sits at the center of Waimea.  The cowboy is riding a horse, lasso in hand, pursuing a wild bull.
Jon Swartz / MarketWatch:
Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan  —  Software giant also announces dividend, share buyback  —  Salesforce Inc.'s stock initially slipped 4% in after-hours trading Wednesday …

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More News

Natasha Lomas / TechCrunch:
Hannah Miao / Wall Street Journal:
Yiwen Lu / New York Times:
Financial Times:

Earlier Picks

Kyle Wiggers / TechCrunch:
Rachel Metz / Bloomberg:
Caitlin Ostroff / Wall Street Journal:
Ben Lovejoy / 9to5Mac:
The Information:
Karissa Bell / Engadget:
Anton Shilov / AnandTech: