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Techmeme
September 14, 2023, 2:40 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 …
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
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.
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
Cat Zakrzewski / Washington Post:
The Biden administration asks SCOTUS to pause a lower court's order that limits social media requests from the White House, FBI, and key public health agencies  —  The move comes after a lower court found the White House, FBI and key public health officials probably violated the First Amendment

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:40 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

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

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

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

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