Techmeme
September 13, 2023, 8:25 PM

Top News

Dan Primack / Axios:
Arm prices its 95.5M shares at $51 a piece, raising $4.87B in 2023's largest IPO so far and giving the company a fully diluted valuation of ~$54.5B  —  Arm, the British chip design giant controlled by SoftBank, has raised nearly $5 billion in its initial public offering.
Alex Ivanovs / Stack Diary:
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected  —  A significant vulnerability in the WebP Codec has been unearthed, prompting major browser vendors, including Google and Mozilla …
Suzanne Rowan Kelleher / Forbes:
MGM Resorts' website is still down over 60 hours after being hit by a cyberattack; ransomware-as-a-service group ALPHV, aka BlackCat, reportedly took credit  —  The ALPHV/BlackCat ransomware group claimed responsibility for a breach that began, of all places, on LinkedIn.
Louise Matsakis / Semafor:
Google cuts hundreds from its global recruiting team, saying “the volume of requests for our recruiters has gone down”, but plans to keep a significant majority  —  Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow.
Wall Street Journal:
Docs: Starlink reported $1.4B in 2022 revenue, up from $222M in 2021, falling short of projections in 2015, as some question satellite internet's growth options  —  Revenue at satellite-internet business has jumped but fallen short of Elon Musk's financial projections
Reuters:
After France ordered Apple to stop selling the iPhone 12 over its high radiation levels, Apple says multiple bodies certified the device as radiation compliant  —  Apple said on Wednesday its iPhone 12 model was certified by multiple international bodies as compliant with global radiation standards …
Tim Starks / Washington Post:
Researchers: the iPhone of Meduza owner Galina Timchenko was infected with Pegasus in Germany, the first known case of the tool being used against a Russian  —  Unclear is who planted the spyware while the founder of the Meduza news outlet was in Germany  —  The iPhone of a prominent Russian …
Ryan Tracy / Wall Street Journal:
The US Senate's AI Insight Forum: Elon Musk warned of AI risks, Mark Zuckerberg defended open source, all guests agreed the US needs to regulate AI, and more  —  Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session
Reuters:
The US SEC says the creator of Stoner Cats NFTs, which raised $8.2M, agreed to pay a $1M fine for an unregistered offering and plans to return investors' money  —  The creator of the popular Stoner Cats animated web series will pay a $1 million civil fine to settle U.S. Securities …
Sarah Perez / TechCrunch:
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions  —  Amazon today introduced a new set of generative AI tools aimed at sellers which the retailer says will simplify the process of creating product listings.
Bloomberg:
The White House is watching China expand its government ban on iPhones “with concern” and says the move appears to be “aggressive and inappropriate retaliation”  —  - National Security Council is watching issue with concern  — Beijing cites problems with the security of Apple devices
Philip Glamann / Bloomberg:
Sean Michael Kerner / VentureBeat:
Stability AI announces its text-to-music tool Stable Audio, which can generate 20 45-second tracks per month for free or 500 90-second tracks for $12/month  —  What comes after building generative AI technology for image and code generation?  For Stability AI, it's text-to-audio generation.
Justine Calma / The Verge:
Apple's environmental announcements, including its first carbon-neutral products, show progress but may be a red herring that distracts from its overall impact  —  Apple announced its first-ever carbon-neutral products today, but don't get too excited about what that means for the planet.
Tom Ivan / Video Games Chronicle:
Sony releases a PS5 software update that adds support for Dolby Atmos HDMI devices, assigning a second controller as an “assist controller”, and up to 8TB SSDs  —  Sony has rolled out a major PlayStation 5 system software update globally.  —  It introduces a number of new features …
Kat Bailey / IGN:
Unity acknowledges the “confusion and frustration” about its planned install fees but argues that “more than 90% of our customers will not be affected”  —  Platform holder claims “90 percent of users” won't be affected by change.  —  Game developers are still furious …
Jez Corden / Windows Central:
More: Axios, 404 Media, garry.net, GamesIndustry.biz, The Verge, Unity Forum, insert credit, Game Developer, Video Games Chronicle, Ars Technica, Game Rant, GoNintendo, Game Developer, ExtremeTech, DEVCLASS, GameSpot, Forbes, and TechSpot
Cecilia D'Anastasio / Bloomberg:
Former FaZe Clan staff describe a mismanaged creator organization, as its market cap falls from $725M at its 2022 SPAC merger to below $15M; FaZe fired its CEO  —  The board fired CEO Lee Trink following a steep decline in the shares  —  Three months after its July 2022 debut on the Nasdaq …
Arjun Kharpal / CNBC:
Apple hikes the prices of the iPhone 15 lineup in China, Japan, India, and other markets, keeps prices flat in the US, and cuts prices in the UK by £50 to £100  —  - Apple hiked the prices of its latest iPhones in some of its key markets including China, Japan and India, even as it kept them the same in the U.S.

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