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February 23, 2024, 11:30 AM
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Top News

New York Times:
An investigation finds thousands of Instagram accounts run by parents posting images of their children, attracting pedophiles who sometimes pay for more content  —  The ominous messages began arriving in Elissa's inbox early last year.  “You sell pics of your underage daughter to pedophiles,” read one.
Jonathan Vanian / CNBC:
Reddit files to list its IPO on the NYSE, reporting revenue up 20% YoY to $804M in 2023, net loss down 43% YoY to $90.8M, 73M DAUs, and a $3.42 global ARPU  —  - Reddit on Thursday filed to go public.  — Its market debut will mark the first major tech initial public offering of the year …
The Verge:
Reddit plans to give some of its top users, including moderators and those with high karma scores, the chance to buy shares in its IPO  —  However, the company is unprofitable, with a net loss of $90.8 million in 2023.  —  In an unusual twist, Reddit is also giving a number of its top users …
Abner Li / 9to5Google:
Google strikes a deal with Reddit, reportedly for $60M/year, gaining Reddit Data API access to surface more Reddit content in Search and to train its AI models
Alex Weprin / The Hollywood Reporter:
S-1: Sam Altman has an 8.7% stake in Reddit, making him the third-largest shareholder, behind Advance Magazine Publishers, with 30.1%, and Tencent, with 11%
ABC News:
AT&T believes the February 22 outage “was caused by the application and execution of an incorrect process as we were expanding our network, not a cyber attack”  —  AT&T says they have “restored wireless service to all our affected customers.”
Jessica Lyons / The Register:
Filing: UnitedHealth says a “suspected nation-state” actor had access to IT provider Change Healthcare's systems, disrupting services at pharmacies in the US  —  Prescription orders hit after IT supplier Change Healthcare pulls plug on systems  —  UPDATED IT provider Change Healthcare …
Sean Hollister / The Verge:
Microsoft announces “Generative erase”, which uses generative AI to remove objects and people from images, coming to the Photos app in Windows 10 and Windows 11  —  Google and Samsung aren't the only ones baking magical AI selective photo erasers into their devices …
Lauren Goode / Wired:
Interviews and emails show that technical interviews have become more punishing for engineers after mass layoffs, requiring days of work on unpaid assignments  —  Tech companies are famous for coddling their workers, but after mass layoffs the industry's culture has shifted.
Sabrina Ortiz / ZDNet:
Microsoft releases PyRIT, a tool that the company's AI Red Team has been using to more efficiently check for risks in its generative AI systems, such as Copilot  —  Despite the advanced capabilities of generative AI (gen AI) models, we have seen many instances of them going rogue, hallucinating …
Aditya Soni / Reuters:
Nvidia hits $2T in market value, after adding $277B to its market value on Thursday, Wall Street's largest one-day gain on record  —  Nvidia (NVDA.O) hit $2 trillion in market value on Friday, riding on an insatiable demand for its chips that made the Silicon Valley firm the pioneer of the generative artificial intelligence boom.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:30 AM ET, February 23, 2024.

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

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

Daniel Thomas / Financial Times:
Trade body data: copyrighted music revenue was $45.5B in 2023, above cinema box office spending of $33.2B in 2023 and $41.9B in 2019; record labels made $28.5B

Lucas Shaw / Bloomberg:
The music industry is entering a cycle of consolidation, driven by a slowdown at the major labels, the growing market for independents, and the rapacity of PE

More News

Dietrich Knauth / Reuters:
A US judge says FTX can sell its Anthropic shares after FTX reached a compromise with its customers opposing the sale; FTX invested $500M in Anthropic in 2021
Mark Tyson / Tom's Hardware:
Samsung says the Galaxy Book4 series, with Intel Core Ultra chips and AMOLED touchscreens, will be available in the US, the UK, and other markets on February 26
Ivan Mehta / TechCrunch:
Meta's Oversight Board extends its scope to Threads, letting users appeal Meta's content moderation decisions with the same process as on Facebook and Instagram
Hannah Lang / Reuters:
Block reports Q4 revenue up 24% YoY to $5.77B, Square profit up 18% YoY, Cash App profit up 25% YoY, and forecasts Q1 adjusted EBITDA above est.; SQ jumps 12%+

Earlier Picks

Sarah Perez / TechCrunch:
Bluesky opens up federation, letting anyone run their own server that connects to Bluesky's network, which uses the AT Protocol; Mastodon uses ActivityPub
Sheila Dang / Reuters:
Google plans to integrate Gemini into its Performance Max ad placement tool, helping brands generate longer headlines, after adding Gemini into Google Workspace
Abner Li / 9to5Google:
Google says its Google Pay app GPay and its P2P payment feature will stop working in the US on June 4, 2024, but will remain available in India and Singapore
Jess Weatherbed / The Verge:
Google rolls out its Gemini-powered “Help me write” tool in Chrome for macOS and Windows for English-speaking US users, offering shortform writing suggestions
Ismail Shakil / Reuters:
The US FTC says Avast needs to pay $16.5M and stop selling web browsing data for ads to settle charges that the UK company misrepresented its use of such data
Tom Warren / The Verge:
Sony is testing PC support for its PlayStation VR2 headset, which currently works exclusively with the PS5, and hopes “to make this support available in 2024”
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