Techmeme
March 11, 2024, 10:25 AM

Top News

Jonathan Vanian / CNBC:
Filing: Reddit aims to raise up to $748M in its IPO, selling ~22M shares at $31 to $34 each, for a ~$6.5B valuation; Reddit set aside 1.76M shares for its users  —  - Reddit aims to raise up to $748 million as part of its upcoming IPO, according to a corporate filing on Monday.
Kashmir Hill / New York Times:
GM, Honda, Kia, Hyundai, and others added optional features in their apps to rate people's driving in recent years, offering the data to brokers like LexisNexis  —  LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars …
Foo Yun Chee / Reuters:
EU privacy watchdog EDPS says the European Commission using Microsoft 365 breached privacy rules and the EU didn't implement adequate data transfer safeguards  —  The European Commission's use of Microsoft (MSFT.O) software breached EU privacy rules and the bloc's executive also failed …
Manish Singh / TechCrunch:
Elon Musk says xAI plans to open-source Grok this week; xAI released Grok in November 2023, offering access to “real-time” data via X's $16/month subscription  —  Elon Musk said Monday he will open-source Grok, X's AI chatbot rivaling ChatGPT, this week, days after suing OpenAI …
Jonathan Stempel / Reuters:
Authors Brian Keene, Abdi Nazemian, and Stewart O'Nan sue Nvidia over allegedly using their work to train NeMo, saying the company “admitted” to using the books  —  Nvidia (NVDA.O), whose chips power artificial intelligence, has been sued by three authors who said it used …
Gary Marcus / Marcus on AI:
Mark Gurman / Bloomberg:
A look at the designs Apple considered for its electric car, including one by Jony Ive that resembled a modern reincarnation of the 1950s Volkswagen microbus  —  The Apple car was a case study in what happens when corporate indecision, technological challenges and market realities combine …
Fortune:
Sources detail a secret $100M investment in Kickstarter by a16z Crypto, letting staff and investors cash out, that led to its abandoned blockchain pivot in 2021  —  In early December 2021, employees at the crowdfunding startup Kickstarter got news of a windfall: An investor group wanted to buy some of their shares.

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Featured Podcasts

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Daniel Blake of UI Charitable 💰🎁 | Donor-Advised Funds 📊 | Polymarket vs Kalshi Showdown 🎲
a very bad podcast about broken unicorns & busted carry hosted by dave mcclure and aman verjee
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Invest Like the Best:
Wolfgang Hammer - The Power of Story
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
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Decoder with Nilay Patel:
Sir Tim Berners-Lee doesn't think AI will destroy the web
A show from the Verge about big ideas - and other problems.
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Grit:
From Yext to Roam: Howard Lerman's Second Act
Grit explores what it takes to create, build and scale world-class organizations.
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Lenny's Podcast:
"Sell the alpha, not the feature": The enterprise sales playbook for $1M to $10M ARR | Jen Abel
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
OpenAI Bailout?, Elon's $1 Trillion Pay Deal, Amazon Sues Perplexity
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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Earlier Picks

Washington Post:
Dean Takahashi / VentureBeat:
Wall Street Journal: