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September 14, 2023, 9:40 AM
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| 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.
More: Associated Press, CNBC, Insider, Tech Monitor, Wall Street Journal, Arm, New York Times, BBC, TNW, Bloomberg, CNBC, TechSpot, Financial Times, Coinspeaker, Reuters, The Information, VentureBeat, Bloomberg, Wccftech, SiliconANGLE, Business Post, Nikkei Asia, New York Times, San Francisco Business Journal, Quartz, MarketWatch, Barron's Online, Reuters, and Bloomberg
| William Turton / Bloomberg: |
Sources: Caesars Entertainment paid tens of millions of dollars to hackers who breached the company's systems in recent weeks and threatened to release the data — - Hackers stole data, extorted company, people familiar said — Caesars breach came in weeks before MGM announced cyberattack
More: Wall Street Journal, Engadget, Dark Reading, InfoRiskToday.com, SecurityWeek, iTnews, PYMNTS.com, Bloomberg, Benzinga, Casino.org, Fox 5 Las Vegas, and Reuters
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Forums: r/technology, r/technews, and r/vegas
| 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.
More: CNBC, Engadget, Hackread, ComputerWeekly.com, Cybernews.com, Infosecurity, SiliconANGLE, USA Today, and WANE-TV
Mastodon: @racheltobac@infosec.exchange, @da_667@infosec.exchange, @zackwhittaker@mastodon.social, @hn50@social.lansky.name, and @GossiTheDog@cyberplace.social
LinkedIn: Noah Stanford and Christina Lekati
| 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 …
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| Jez Corden / Windows Central: |
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| 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 …
More: Krebs on Security, Google Chrome Releases, Ars Technica, Mozilla, The Verge, National Vulnerability …, Ghacks, TechRadar, SC Media, SecurityWeek, and BleepingComputer
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LinkedIn: Brian Krebs and Drex DeFord
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| 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
More: Meta, New York Times, PYMNTS.com, Ghacks, NBC News, Senate Democratic Leadership, Bloomberg, CNBC, International Business Times, Axios, Social Media Today, MediaNama, SiliconANGLE, SecurityWeek, The Verge, The Information, Insider, Reuters, Fox Business, New York Post, CNN, The Hill, Washington Post, Fox News, The US Sun, ABC News, Axios, The Guardian, CIO Dive, Nextgov/FCW, and NPR
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Forums: r/LocalLLaMA and r/technology
| Helene Braun / CoinDesk: |
A US judge says FTX can now sell, stake, and hedge its crypto holding, estimated to be worth $3.4B+, including $1.16B in solana, to repay creditors — Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell …
More: Reuters, Unchained Crypto, CCN.com, The Crypto Basic, Coinspeaker, Cryptonews, PYMNTS.com, crypto.news, Bitcoin News, and Bloomberg
| Sam Rutherford / Engadget: |
Hands-on with the HP Spectre Fold: a very striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, 8.5mm thin, Intel i7-1250U, 16GB of RAM, and more — HP's first “3-in-1” is incredibly sleek but can it live up to that price? — Senior Writer, Reviews| Monica Chin / The Verge: |
More: HP Press Center, Windows Central, CNET, PCWorld, Tom's Hardware, XDA Developers, Gizmodo, VentureBeat, Digital Trends, SlashGear, and Liliputing
| 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.| Bloomberg: |
Lenders allege that Indian edtech giant Byju's hid $533M in an obscure three-year-old hedge fund that once said it was based out of an IHOP restaurant in Miami — - New lender suit seeks to recover cash from Camshaft Capital — Hedge fund was founded just three years ago, lenders say| Taylor Lorenz / Rolling Stone: |
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her — In her book ‘Extremely Online,’ journalist Taylor Lorenz details how Julia Allison invented the concept of being a content creator a decade before it caught on| Washington Post: |
On day two of the Google trial, an Apple lawyer protested two numbers the DOJ used in its opening statement, including Google paying Apple $4B-$7B for search — Protection of trade secrets versus transparency has been a major debate between Google and activists in the case| Financial Times: |
Munich-based Helsing, which makes software for European militaries, raised €209M led by General Catalyst; Saab paid €75M for a 5% stake, for a €1.5B valuation — €209mn deal is latest example of sector defying VC downturn amid Ukraine war, and rising tensions between China and west
More: TechCrunch and Saab
| New York Times: |
How Instacart CEO Fidji Simo helped find new ways for the company to make money, including via expanding its ads and software, which made $406M in 2023 revenue — As it prepares to go public next week, Instacart shows that one secret to making money as a gig economy company is to become an advertising company.| 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: |
Sources: Microsoft's proposal to split Teams off into a standalone app did not satisfy EU regulators, who are readying a formal complaint against Microsoft — Microsoft's recent proposal to split its Teams from a broader business software package and sell it to customers separately with an annual discount … | Kyle Wiggers / TechCrunch: |
Pixis, which offers AI tools for marketing campaigns, raised an $85M Series C1 led by Touring, taking its total funding to $209M, and reports $50M in ARR — Pixis, an AI-powered platform for brands to monitor and orchestrate their marketing campaigns, today announced that it raised $85 million …
More: FinSMEs and Business Wire
| Alex Wilhelm / TechCrunch: |
Databricks raised a $500M Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, ahead of an IPO, and reports 10K+ customers — Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.
More: Reuters, VentureBeat, CNBC, Forbes, and Bloomberg
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