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Techmeme
September 11, 2023, 7:45 AM
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Top News

Associated Press:
Research: ChatGPT uses an estimated 500ml of water for every five to 50 prompts; Microsoft disclosed the company's water use spiked 34% YoY in 2022, Google 20%  —  The cost of building an artificial intelligence product like ChatGPT can be hard to measure.  But one thing Microsoft-backed OpenAI needed …
Reuters:
Filing: Instacart aims to raise up to $616M in its IPO at an up to $7.73B valuation and prices shares at $26 to $28; the listing is expected later this month  —  Instacart is aiming for a valuation of up to $7.73 billion in its initial public offering in New York, the grocery delivery service said on Monday …
Mark Gurman / Bloomberg:
An expected high-end iPhone price increase and features like iPhone 15 Pro Max's periscope lens show Apple is getting more aggressive with its premium strategy  —  Apple is set to unveil the iPhone 15 on Tuesday, alongside updated watches and AirPods.  And once again, the company …
Manish Singh / TechCrunch:
Coinbase emails its customers in India to say the company plans to cease operations in the country from September 25, advising users to withdraw remaining funds  —  Coinbase said Monday that it disabled new user sign-up on its exchange product in India in June of this year but remains committed …
Wall Street Journal:
Sources: Meta plans to begin training a new LLM in Q1 2024 on its own infrastructure and hopes the model will be roughly as capable as OpenAI's GPT-4  —  Parent of Facebook and Instagram wants artificial-intelligence system to be as capable as OpenAI's most advanced model  —  Platforms is setting its sights on OpenAI.
Molly White / Web3 is Going Just Great:
Vitalik Buterin's X account was hacked to promote a crypto scam, leading to an estimated $650K+ of assets being stolen; the tweet was deleted within 20 minutes  —  The Twitter account belonging to Vitalik Buterin, inventor and effective leader of the Ethereum project, was hacked to promote a crypto scam.
Max Tani / Semafor:
NewsWhip data on 300K influential X users suggests X is throttling posts linking to the NYT, with “weekly average shares per article” down ~75% from July's peak  —  X, Elon Musk's social media platform formerly known as Twitter, appears to be attempting to limit its users' access to The New York Times.
Zack Abrams / The Block:
FTX sues cross-chain swap protocol builder LayerZero Labs, seeking to undo a $45M deal made four days before FTX filed for bankruptcy and a $40M cash withdrawal  —  - The FTX estate is suing blockchain infrastructure company LayerZero Labs in an attempt to undo a $45M deal made in the midst of its collapse.
Brenda Goh / Reuters:
Alibaba Cloud Intelligence Group CEO Daniel Zhang steps down, after assuming the role in June 2023; Alibaba CEO Eddie Wu becomes the unit's acting chair and CEO  —  China's Alibaba Group (9988.HK) said on Sunday that Daniel Zhang will step down from its cloud business, in a surprise move …
Michael S. Rosenwald / Washington Post:
Dennis Austin, who was PowerPoint's principal developer and continued to lead the presentation software's team until retiring in 1996, died on September 1 at 76  —  The program was the digital successor of the overhead projector.  It became one of the most ubiquitous and scorned programs of modern office life.
Wall Street Journal:
A competition between Wharton MBA students and ChatGPT that judges generating ideas for a new product or service finds that 35 of the top 40 came from ChatGPT  —  We put humans and AI to the test.  The results weren't even close.  —  How good is AI in generating new ideas?

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This is a Techmeme archive page. It shows how the site appeared at 7:45 AM ET, September 11, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Brian Steinberg / Variety:
Sources: CNBC plans to launch streaming outlet CNBC+ in Q1 2025, to make a “global feed” available that lets users follow programming from Asia and Europe

The Guardian:
Guardian and Observer journalists hold a second 48-hour strike against The Observer sale to Tortoise Media; the Scott Trust has agreed to the sale in principle

Dave Collins / Associated Press:
A US federal judge rejects Infowars' sale to The Onion in Alex Jones' bankruptcy, after Jones challenged the sale, leaving it to a trustee to decide next steps

More News

Kashmir Hill / New York Times:
How Meta and Google held back their tech to recognize unknown people's faces due to privacy worries, opening the door for startups like Clearview AI and PimEyes
Reuters:
Sources: US chipmakers and companies, including Intel, GlobalFoundries, and Google, plan to attend a September 11 meeting in Hanoi as Biden visits to boost ties

Earlier Picks

Walter Isaacson / CNBC:
How Tesla's Autopilot team moved away from a rules-based approach for the upcoming FSD 12 to a “neural network planner” trained on 10M+ Tesla car video clips
Jay Peters / The Verge:
Some Wyze security camera owners report that they were briefly able to see feeds from cameras they didn't own or recognize; Wyze blames “a web caching issue”
Vincent Manancourt / Politico:
How privacy campaigners and tech executives, like Signal president Meredith Whittaker, teamed up to challenge the UK's Online Safety Bill encryption crackdown
Ben Cohen / Wall Street Journal:
A profile of Maltese politician Alex Agius Saliba, who led the EU's legislation to make USB-C the standard, forcing Apple to replace the iPhone's Lightning port
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