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September 11, 2023, 9:35 AM
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Top News

Bloomberg:
Qualcomm says Apple extended its modem deal for three more years, covering “smartphone launches in 2024, 2025, and 2026”; the prior deal was set to end in 2023  —  - Pact between the companies had been scheduled to end this year  — The iPhone maker has been trying to create its own components
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, the grocery delivery company said on Monday, in its march toward …
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 …
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 …
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.
WABetaInfo:
WhatsApp releases an Android beta that adds a “Third-party chats” screen, offering a clue for how Meta plans to comply with the EU's DMA interoperability rules  —  WhatsApp is rolling out a new update through the Google Play Beta Program, bringing the version up to 2.23.19.8.
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 …
Gillian Tett / Financial Times:
An interview with Walter Isaacson on Elon Musk, the new biography, why Musk agreed, the Twitter acquisition, Musk being “driven by demons”, surprises, and more  —  The writer tells Gillian Tett what he learnt during two years spent with ‘total access’ to the tech tycoon
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?
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.
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.

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This is a Techmeme archive page. It shows how the site appeared at 9:35 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

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

Ashley Carman / Bloomberg:
A growing number of podcasters, including Tim Ferriss, are moving away from interviews to monologues or co-hosts, as some well-known guests can be overexposed

Matthew Keys / The Desk:
DirecTV terminates its Dish acquisition after a group of Dish creditors rejected a modified bond exchange offer

More News

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

Earlier Picks

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
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
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
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
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
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