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Techmeme
September 14, 2023, 2:00 PM
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Top News

CNBC:
Arm opens up 10% to ~$56 in its Nasdaq debut, valuing the company at $59.9B, after Arm priced shares at the upper end of its expected $47 to $51 range  —  - Arm Holdings has started trading on the Nasdaq under the ticker “ARM.”  — The chip design company is valued at a steep premium relative …
Mehul Srivastava / Financial Times:
MGM was likely hacked by Scattered Spider, an English-speaking group that previously used help desk calls to get passwords and planned to hack the slot machines  —  Person claiming to represent cybercriminals explains techniques used to evade detection by casino resort company
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 its data  —  - Hackers stole data, extorted company, people familiar said  — Caesars breach came in weeks before MGM announced cyberattack
Jason Schreier / Bloomberg:
Unity cancels a town hall and closes two offices after receiving what the company says was a credible death threat, following its controversial install fee news  —  Management announced a controversial pricing decision two days ago  —  Unity Technologies Inc. canceled a planned town hall …
Kat Bailey / IGN:
Unity acknowledges “the confusion and frustration” around 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 …
Monica Chin / The Verge:
HP unveils the $5,000+ Spectre Fold, an OLED foldable PC that can be used as a 17-inch tablet, a 17-inch laptop, or a 12.3-inch laptop and weighs less than 3lbs  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.
Sam Rutherford / Engadget:
Hands-on with the HP Spectre Fold: a striking design, slim bezels, a 17-inch 2560 x 1920 OLED display, an 8.5mm body, an 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
Bloomberg:
How Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son, Sam, and provided a halo effect for FTX before its implosion  —  Joseph Bankman and Barbara Fried, both renowned Stanford scholars, opened doors for their son and provided a halo effect for his company.
Helene Braun / CoinDesk:
A US judge says FTX can now sell, stake, and hedge its crypto holdings, which the company says are worth $3.4B+, including $1.16B in solana, to repay creditors
Nicole Nguyen / Wall Street Journal:
Google plans to offer Chromebook software updates for up to 10 years, starting in 2024, so no current device expires within the next two years, to help schools  —  With the change, no existing Chromebook will have to expire within the next two years  —  Google is working to push …
Alex Wilhelm / TechCrunch:
Databricks raised a $500M+ Series I at a $43B valuation, after raising $1.6B at a $38B valuation in August 2021, before a possible IPO, and reports 10K+ clients  —  Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.
Sarah Perez / TechCrunch:
Amazon expands its search and discovery mobile features, like multimodal search and Find-on-Amazon, which lets users find similar products to those in a photo  —  Amazon is introducing new features that make it easier to search for products on mobile and is challenging other product search engines …
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:
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
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
Jay Peters / The Verge:
Meta expands Horizon Worlds, previously exclusive to its VR headsets, to the web and mobile, starting with some users on Android, with iOS rollout coming soon  —  Meta is finally bringing Horizon Worlds out of virtual reality.  The 3D social platform has previously been exclusive to its VR headsets …
More: Meta

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:00 PM ET, September 14, 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

BBC:
Three Bulgarians were found guilty of spying for Russia; they targeted journalists Christo Grozev and Roman Dobrokhotov, who have worked with Bellingcat

Winston Cho / The Hollywood Reporter:
After Disney, WBD, Apple, Amazon and others resumed ads on X, five US senators have asked the DOJ to probe whether Musk is pressuring businesses to return to X

Alex Heath / The Verge:
MrBeast's investor pitch deck shows consumer packaged goods driving forecasted growth through 2026; its Feastables revenue matched core video business in 2024

More News

Tyler Cowen / Bloomberg:
Child content creators, or “kidfluencers”, some of whom make $20M+/year, show that protecting kids from labor exploitation is difficult in the social media age
Mariana Lenharo / Nature:
Researchers develop RETFound, an AI tool capable of predicting the risk of ocular diseases, heart failure, Parkinson's disease, and more based on retinal images

Earlier Picks

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”
Sarah Perez / TechCrunch:
Amazon announces generative AI tools to help sellers write “captivating product descriptions, titles, and listing details” and add to existing descriptions
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
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
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
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
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