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September 11, 2023, 12:30 PM
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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:
Sources: seeking to shore up its finances, Embracer is considering options for US-based Borderlands developer Gearbox, acquired in a $1.4B deal in February 2021  —  Embracer (EMBRACb.ST) is considering options for its U.S. game developer Gearbox Entertainment including a sale …
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.
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 …
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.
Hunter Walk:
Why there has never been a better time for online creators: it might be harder than ever to earn $1M per year but it has never been easier to make $50,000  —  I judge the health of the creator economy by one single controversial factor: ease of access and probability of survival for its participants.
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?
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
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 has disabled new user sign-up on its exchange product in India, but remains committed to the country …

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This is a Techmeme archive page. It shows how the site appeared at 12:30 PM 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

Brian Steinberg / Variety:
Sources: NBCUniversal Vice Chairman Bonnie Hammer plans to leave the company at the end of the year; she has been with the company since 2004

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

More News

Earlier Picks

Max Tani / Semafor:
NewsWhip data on 300K influential X users: X is throttling posts with New York Times links, with “weekly average shares per article” down 75%+ from a July peak
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
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
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