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April 17, 2024, 1:05 AM
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Top News

Connor Jones / The Register:
UnitedHealth says the February ransomware attack on Change Healthcare cost the company $872M in Q1; another ransomware group appears to be extorting the company  —  First glimpse at attack financials reveals huge pain  —  UnitedHealth, parent company of ransomware-besieged Change Healthcare …
Rob Golum / Bloomberg:
Filing: Take-Two plans to lay off 5% of its workforce, expecting to incur up to $200M in charges as part of the downsizing, including $140M from canceled titles  —  The company sees expenses of up to $200 million as part of the effort, including as much as $140 million from canceled projects …
Priya Anand / Bloomberg:
Sensor Tower: Naval Ravikant and Brian Norgard's audio-focused invitation-only social app Airchat has been downloaded 30K+ times since it relaunched this month  —  - The app feels like a combination of voice notes and Twitter  — Invite-only Airchat has won over VCs and early adopters
Dell Cameron / Wired:
The Senate is set to vote on RISAA, which reauthorizes FISA's Section 702 and could force new types of businesses to eavesdrop on Americans without a warrant  —  A controversial bill reauthorizing the Section 702 spy program may force whole new categories of businesses to eavesdrop …
Benjamin Sandofsky / Sandofsky:
How Humane's attempt to build its Ai Pin “The Apple Way” led to disastrous results, after taking six years to build it and raising $230M  —  Why You Can't Build Apple with Venture Capital  —  An ex-Apple designer who went on to startup success once told me …
Ingrid Lunden / TechCrunch:
Herlev, Denmark-based Flatpay, which offers payment services to retail shops, restaurants, salons, and more, raised a €45 Series B led by Dawn Capital  —  As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business.
FinSMEs:
Tel Aviv-based Cynomi, which offers an AI-powered virtual CISO service for managed service providers, raised a $20M Series A led by Canaan  —  Cynomi, a Tel Aviv, Israel-based vCISO platform provider for MSPs and MSSPs, raised $20M in funding.  —  The round was led by Canaan, with Flint Capital …
More: Cynomi and Pulse 2.0
Natasha Lomas / TechCrunch:
Apple debuts web distribution of iOS apps to EU users, allowing qualifying devs who opt in to its Core Technology Fee to offer direct downloads from their sites  —  Apple is opening up web distribution for iOS apps targeting users in the European Union from today.
Lizette Chapman / Bloomberg:
Andreessen Horowitz raised $7.2B, including $600M for American Dynamism, $3.75B for late-stage startups, and $600M for gaming, exceeding its target by ~4%  —  Andreessen Horowitz, one of Silicon Valley's biggest venture capital firms, has raised $7.2 billion in new funding — a sizable haul after a rocky period for the startup world.
Bloomberg:
Sources: in 2023, Abu Dhabi's G42 and the US Commerce Department held talks that led to G42 agreeing to pare back its China presence to avoid punitive measures  —  Tech Daily … Quicktake
Financial Times:
Microsoft invests $1.5B in Abu Dhabi-based AI startup G42 for a minority stake, after G42 severed ties with Chinese suppliers; Brad Smith will join G42's board

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This is a Techmeme archive page. It shows how the site appeared at 1:05 AM ET, April 17, 2024.

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From Mediagazer

The Hollywood Reporter:
Paramount CEO Bob Bakish steps down; Brian Robbins, Chris McCarthy, and George Cheeks will run Paramount on an interim basis as an “Office of the CEO”

Alex Sherman / CNBC:
Sources: Shari Redstone agreed to take less than $2B for her Paramount stake as part of Skydance's “best and final” offer, lower than what was initially offered

New York Times:
OAN retracts a story that said Trump's ex-lawyer Michael Cohen had an affair with Stormy Daniels, apologizes as part of a settlement with no monetary damages

More News

PA Media:
The UK proposes legislation to outlaw creating sexually explicit deepfake photos without consent, regardless of whether creators intended to share the images
Todd Spangler / Variety:
TikTok and ticketing provider AXS sign a deal to let users buy tickets to live events in the US, the UK, and more; TikTok has had a Ticketmaster deal since 2022
Paul Alcorn / Tom's Hardware:
AMD unveils the Ryzen Pro 8040 series for business laptops and mobile workstations and the Ryzen Pro 8000 series for desktops, adding an NPU for AI processing
Raphael Satter / Reuters:
The Open Source Security Foundation and the OpenJS Foundation say the attempt to insert a secret backdoor into XZ Utils “may not be an isolated incident”

Earlier Picks

Abner Li / 9to5Google:
YouTube strengthens its “enforcement on third-party apps” violating its ToS, “specifically ad-blocking apps”, leading to error messages and “buffering issues”
Jane Lanhee Lee / Bloomberg:
AI chip developer Rivos, which recently settled with Apple over trade secret theft, raised $250M+ led by Matrix to compete with Nvidia using its RISC-V chips
Vittoria Elliott / Wired:
Meta's Oversight Board plans to investigate two deepfake porn cases involving unnamed celebrities who had their images altered to create explicit content
Jennifer A. Kingson / Axios:
Meta plans to launch a new education product for Quest that will let teachers access education apps for students ages 13+ and manage multiple headsets at once
Stephen Nellis / Reuters:
Adobe says it is in the early stages of developing a way to let Premiere Pro users tap AI models from OpenAI, Runway, and Pika Labs to generate video
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