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March 20, 2024, 6:15 PM
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| CNBC: |
Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B — In this photo illustration a Reddit logo is seen displayed on a smartphone. — Reddit, the 19-year-old website that hosts millions of online forums … | Financial Times: |
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years — Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states
More: U.S. Department of Commerce, Reuters, CRN, The Hill, AnandTech, The White House, Politico, SiliconANGLE, CNBC, Silicon Valley Business …, New York Times, Associated Press, BNN Bloomberg, New.blicio.us, Intel, Tuko.co.ke, Tom's Hardware, SCNow, Reason, KYMA-TV, Fierce Electronics, Silicon Republic, Converge! Network Digest, Benzinga, News18, Maginative, ServeTheHome, Inc.com, HotHardware, Proactive, South China Morning Post, International Business Times, The Register, Quartz, DatacenterDynamics, PCMag, HPCwire, Wccftech, The Daily Caller, Oregonian, Tech Monitor, The Motley Fool, ExtremeTech, UPI, KTAR.com, Yahoo Finance, TechSpot, Club386, Investopedia, Fortune, Cryptopolitan, InformationWeek, Evertiq AB, NS Business, RCR Wireless News, TechCrunch, Forbes, FOX 10 Phoenix, Plain Dealer, Investing.com, Barron's Online, Channel NewsAsia, Malay Mail, Orange County Register, Nikkei Asia, Semafor, Wall Street Journal, Washington Post, Fortune, Engadget, NPR, Axios, U.S. Congressman Ruben Gallego, Life Style Extra, Mobile World Live, Electronics Weekly, and The Verge
X: @realmemes6, @mackhawk, @saranormous, @commercegov, @mackhawk, @satyanadella, @intelpolicy, @jason, @intelpolicy, @mackhawk, @sama, @firstadopter, and @secraimondo. LinkedIn: Sandra Watson
Forums: r/Columbus, r/technology, r/technology, r/technews, r/Ohio, and r/wallstreetbets
| Bloomberg: |
Sources: the US DOJ is poised to sue Apple as soon as Thursday, accusing it of violating antitrust laws by blocking rivals from accessing iPhone features — - Lawsuit to be filed in federal court as soon as Thursday — Case comes as iPhone maker also faces scrutiny in Europe| Wall Street Journal: |
Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple's plan to charge a commission for payments made outside the App Store — Four tech companies object to Apple's new app store policies related to payment for services
More: Bloomberg, Reuters, The Information, AppleInsider, The Verge, MacRumors, Forbes, Supercharged, and MacDailyNews
| Ben Schoon / 9to5Google: |
Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales — With plans to launch its own game store on iOS, it's now been announced that the Epic Games Store is coming to Android.| Samuel Stolton / Bloomberg: |
France fines Google €250M for not keeping its 2022 pledge on fair deals with media outlets, including training Gemini on articles without notifying publishers — - Firm also accused of breaking other commitments in news case — Watchdog levies €250 million penalty in latest escalation
More: Ars Technica, TechCrunch, CIO.com, Autorité de la concurrence, Autorité de la concurrence, TNW, Futurism, Le Monde.fr, The Guardian, The Stack, Proactive, Reuters, BelfastTelegraph.co.uk, Nairametrics, Windows Report, Crypto Briefing, Silicon UK, CoinXposure, UPI, The Crypto Times, SiliconANGLE, OODA Loop, The State, New York Times, Google fined €250M, CoinGape, Forbes, Global Competition Review, Silicon Republic, Cryptopolitan, Legit.ng, Businessday NG, Cointelegraph, and Daily Sabah
Forums: r/technology, r/technews, and r/ArtistHate
| Foo Yun Chee / Reuters: |
EU antitrust chief Margrethe Vestager warns Apple over its Core Technology Fee, saying the EU plans to investigate, and Meta over its planned subscription fees — EU antitrust chief Margrethe Vestager on Tuesday warned Apple (AAPL.O) and Meta Platforms (META.O) on their new fees for their services …
More: 9to5Mac, Thurrott, TechCrunch, PYMNTS.com, WinBuzzer, MacRumors, Fortune, iMore, Spyglass, Daring Fireball, and Supercharged
Threads: @timothybucksf, @documentingmeta, and @parkert
| Mackenzie Hawkins / Bloomberg: |
Sources: the White House is considering blacklisting some Huawei-linked Chinese chip companies, after the Mate 60 Pro from August 2023 used an advanced 7nm chip — - Huawei last year revealed an advanced 7-nm chip in a new phone — Raimondo has vowed ‘strongest’ action to protect US security
More: The Register, TechRadar, South China Morning Post, CCN.com, The Information, and Benzinga
Forums: r/Android and r/Economics
| Tim Copeland / The Block: |
A commit in Ethereum Foundation's GitHub repository shows the foundation has received a voluntary and confidential inquiry from an unspecified state authority — - The Ethereum Foundation has received a voluntary and confidential inquiry from an unspecified state authority, according to the foundation's GitHub repository.
More: Ethereum on GitHub, CoinDesk, PYMNTS.com, Unchained, New.blicio.us, Blockworks, Milk Road, Decrypt, Crypto Briefing, CoinGape, and The Crypto Times
Forums: r/btc and r/ethtrader
| Frederic Lardinois / TechCrunch: |
GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities — It's a bad day for bugs. Earlier today, Sentry announced its AI Autofix feature for debugging production code and now …
More: The GitHub Blog, InfoWorld, BleepingComputer, ITPro, and Developer Tech News
| Forbes: |
Sources: Stability AI CEO Emad Mostaque told staff last week that Robin Rombach and his team of researchers who helped develop Stable Diffusion, have resigned — Robin Rombach and a group of key researchers that helped develop the Stable Diffusion text-to-image generation model have left the troubled generative AI startup.
More: Sifted. Bluesky: @zitron.bsky.social. X: @kenrickcai and @kylebrussell
Forums: Hacker News, r/aiwars, and r/StableDiffusion
| Kyle Wiggers / TechCrunch: |
A review of OpenAI's GPT Store finds many GPTs offer bizarre services, potentially infringe on copyright laws, impersonate people, jailbreak ChatGPT, and more — When OpenAI CEO Sam Altman announced GPTs, custom chatbots powered by OpenAI's generative AI models, onstage at the company's … | Camilla Hodgson / Financial Times: |
After its OpenAI bet, Microsoft hiring Mustafa Suleyman and most Inflection staff continues its strategy of developing ties with the most prominent names in AI — Satya Nadella's appointment of Mustafa Suleyman continues strategy of developing ties with fledging AI companies
More: Inc.com, Business Insider, Semafor, Pulse 2.0, iPhone in Canada Blog, Analytics India Magazine, Windows Report, Android Headlines, The Information, OODA Loop, MediaPost, Bloomberg, Silicon UK, Tech Startups, ITPro, Cybernews.com, TechSpot, The Guardian, BusinessCloud, The Indian Express, The Hindu, Silicon Republic, NewsBytes, Business Post, The Economic Times, Mobile World Live, Seattle Business Journal, Fast Company, Business Today, Bloomberg, CNBC, The Official Microsoft Blog, and Inflection
X: @teknium1, @carnage4life, @om, @thestalwart, @tunguz, @markhachman, and @jeremy_hunt
| Sarah Nassauer / Wall Street Journal: |
Marc Lore's food delivery startup Wonder raised $700M from NEA, GV, and others, taking its total funding to $1.5B, and aims to open nearly 100 NYC locations — Company plans to open nearly 100 restaurant locations around New York City area over next two years| Steven Levy / Wired: |
An in-depth look at the 2017 “Attention Is All You Need” paper, a big breakthrough in AI, and profiles of the eight Google researchers who co-authored the paper — They met by chance, got hooked on an idea, and wrote the “Transformers” paper—the most consequential tech breakthrough in recent history.
Threads: @vthallam. X: @stevenlevy, @jsmarr, @mgalle, @sandraupson, @hkanji, @aravsrinivas, @webbarr, @amasad, @ylecun, and @ylecun. LinkedIn: Ben Jones. Forums: Hacker News
| Bloomberg: |
Chipmaker Astera Labs jumped 72% in its trading debut after its IPO topped expectations to raise $713M, giving the company a market value of $9.46B — - Chip connectivity firm's IPO fourth largest in US this year — Share sale elevates expectation for IPOs including Reddit's
More: Associated Press, Crunchbase News, Reuters, CNBC, TechCrunch, Astera Labs, Inc., and Fortune
| Business Insider: |
Sources: OpenAI plans to release GPT-5 in mid-2024, likely during the summer, and some enterprise customers have recently received demos of the latest model — - OpenAI's main product is the popular generative AI tool ChatGPT. — Since its last major model upgrade to GPT-4, the tool has run into performance issues.
More: Mashable, The Decoder, Digital Trends, Tom's Guide, WinBuzzer, TechSpot, TechRadar, Inc.com, Android Authority, Tech.co, Gizchina, MSPoweruser, KnowTechie, and Benzinga
Threads: @sanjaykmenon1, @technicallymims, @parkerortolani, and @kalihays1. X: @keithdsouza. LinkedIn: Emil Protalinski
Forums: r/singularity, r/artificial, r/ChatGPT, and Slashdot
| Ian King / Bloomberg: |
Micron reports Q2 revenue up 58% YoY to $5.82B, vs. $5.53B est., and forecasts Q3 revenue above estimates, buoyed by demand for AI hardware; MU jumps 11%+ — - Sales outlook far exceeds what analysts were estimating — Micron is one of ‘biggest beneficiaries’ of AI boom, CEO says| Jess Weatherbed / The Verge: |
SteamDB: after releasing its massive 1.6 update, Stardew Valley hit 146,159 concurrent players on Steam, a new record and above Palworld's stats this week — The cozy farming simulator hit 146,159 concurrent players on Steam according to SteamDB data, smashing the game's previous record …
More: SteamDB, Stardew Valley, Polygon, MobileSyrup, Dexerto, Wccftech, PC Gamer, Destructoid, TheGamer, Kotaku, Eurogamer.net, Game Rant, TechRadar, Eurogamer.net, Game World Observer, Rock, Paper, Shotgun, GamesRadar, IGN, Polygon, IGN, and Kotaku
| Yogita Khatri / The Block: |
Robinhood rolls out its Robinhood Wallet app on Android, after launching the iOS app in March 2023 — - The Android app of Robinhood's crypto wallet has officially launched. — Last month, Robinhood said its crypto revenue jumped 10% year over year to $43 million in Q4 of 2023.| Bill Toulas / BleepingComputer: |
Trend Micro researchers detail Earth Krahang, a China-linked APT campaign that has breached 70 organizations in 23 countries and is potentially linked to I-Soon — A sophisticated hacking campaign attributed to a Chinese Advanced Persistent Threat (APT) group known as 'Earth Krahang …
More: Trend Micro, SecurityWeek, Dark Reading, Security Affairs, Infosecurity, Metacurity, The Record, The Stack, SC Media, and GovInfoSecurity.com
Mastodon: @simontsui@infosec.exchange, @campuscodi@mastodon.social, and @AAKL@noc.social
X: @trendmicrorsrch, @thehellu, and @virusbtn
| Muyao Shen / Bloomberg: |
Filing: MicroStrategy bought 9,245 bitcoin for $623M between March 11 and 18, taking its total holdings to 214,246 bitcoin, worth ~$14B, or 1%+ of all bitcoin — - Purchase were made with proceeds from a convertible note sale … The enterprise software maker, whose corporate strategy includes buying …
More: Inside Bitcoins, CCN.com, CoinJournal, and MicroStrategy
| Niamh Rowe / Fortune: |
Morph, an Ethereum Layer 2 network that uses a combination of optimistic and zero-knowledge rollup technologies, raised a $19M seed led by DragonFly Capital — Morph, a layer-2 Ethereum Virtual Machine, today announced a $19 million seed round led by DragonFly Capital.
More: CoinDesk, The Block, Morph, SiliconANGLE, New.blicio.us, FinSMEs, The Crypto Times, and NFTgators
| Alfred Ng / Politico: |
The US House passes a bill to prevent data brokers from selling personal data to China, Russia or other “foreign adversaries”; the bill now heads to the Senate — The first major Capitol Hill action on tech in years passes the House with broad support — and steers straight …
More: The Verge, The Michigan Daily, and House Committee on Energy …
| Manish Singh / TechCrunch: |
India appoints the government-run Press Information Bureau's fact checking unit to monitor and fact check government-related content on social media — In India, a government-run agency will now monitor and undertake fact-checking for government related matters on social media …
More: Inc42 Media, The Economic Times, The Indian Express, Hindustan Times, Times of India, CNBC-TV18, and Livemint. Bluesky: @chirag.bsky.social
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