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February 29, 2024, 6:20 AM
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Top News

Alex Koller / CNBC:
EA plans to cut 5% of its workforce, part of a plan that includes reducing office space and sunsetting some games; EA employed 13,400 workers as of March 2023  —  - EA announced Wednesday that it will cut 5% of its workforce.  — The video game company employed 13,400 workers as of the end …
Deepa Seetharaman / Wall Street Journal:
Sources: the US SEC sent a subpoena to OpenAI in December 2023, seeking internal records, after the board's decision in November 2023 to fire Sam Altman as CEO  —  Regulator is examining internal communications of CEO Sam Altman, after board last year temporarily ousted him for alleged lack of candor
Reuters:
Coinbase says all services on its website have been restored after a “display issue” on February 28 caused some users to see a zero balance in their account  —  Coinbase Global (COIN.O) said on Wednesday that all services on its website have been restored after an issue earlier …
New York Times:
Sources detail Apple's $10B+ car project: years of disagreements on whether it should be a self-driving car or just an EV, talks with Musk on buying Tesla, more  —  Internal disagreements over the direction of the Apple car led the effort to sputter for years before it was canceled this week.
Leo Schwartz / Fortune:
Gemini agrees to return over $1B to customers and pay a $37M fine in a settlement with the New York Department of Financial Services related to Gemini Earn  —  The New York Department of Financial Services on Wednesday announced a settlement with Gemini, the crypto firm founded by the Winklevoss twins …
Mark Gurman / Bloomberg:
Tim Cook says Apple will “break new ground” on generative AI this year; Apple shareholders reject a request for report into whether Apple is using AI ethically  —  - Shareholders approve recommendations for board, executive pay  — Longtime directors Al Gore and James Bell officially step down
Reuters:
FCC Chair Jessica Rosenworcel proposes subjecting carmakers to the Safe Connections Act to protect domestic abuse survivors from misuse of internet car systems  —  The chairwoman of the Federal Communications Commission on Wednesday proposed a potential new rule that would subject automakers …
Kyle Wiggers / TechCrunch:
ServiceNow, Hugging Face, and Nvidia release free code-generating AI models StarCoder2-3B/7B/15B, the first two of which can run on most modern consumer GPUs  —  Developers are adopting AI-powered code generators — services like GitHub Copilot and Amazon CodeWhisperer …
Mehtab Ansari / Smartprix:
Alleged renders of Samsung's Galaxy Z Fold 6 show a boxy frame, flat sides, and dimensions that make it slightly shorter and wider than its predecessor  —  The Galaxy Z Fold 6, leaks and rumors about the device have been floating around for a while now and yesterday we reported …
Shivam Patel / Reuters:
India approves setting up three chipmaking units worth $15.2B from companies including India's Tata Group and Japan's Renesas  —  India on Thursday approved setting up three chipmaking units worth 1.26 trillion rupees ($15.2 billion) from firms including India's Tata Group and Japan's Renesas …
Amrita Khalid / The Verge:
X adds a feature that lets Spaces hosts enable live video when they create a new session, available on iOS  —  Spaces, the live audio feature for X, is now letting hosts turn on their video during chat sessions.  The platform formerly known as Twitter announced the news on Wednesday …
More: Social Media Today.  X: @cb_doge and @x
Jonathan Vanian / CNBC:
Snowflake says that CEO Frank Slootman is retiring, and reports Q4 revenue up 32% YoY to $774.7M and Q1 product revenue guidance below est.; SNOW drops 20%+  —  - Snowflake said CEO Frank Slootman, who took the company public in 2020, is retiring.  — The stock dropped in extended trading.
Dara Kerr / NPR:
Salesforce CEO Marc Benioff tells a reporter, who is looking into his Hawaii land acquisition, that he knows where she is staying and her personal details  —  WAIMEA, Hawaii — A life-size bronze statue of a cowboy sits at the center of Waimea.  The cowboy is riding a horse, lasso in hand, pursuing a wild bull.
Jon Swartz / MarketWatch:
Salesforce reports Q4 revenue up 11% YoY to $9.29B, vs. $9.2B est., FY 2025 revenue guidance below est., and announces a $10B increase in its share buyback plan  —  Software giant also announces dividend, share buyback  —  Salesforce Inc.'s stock initially slipped 4% in after-hours trading Wednesday …
Bloomberg:
Alibaba is cutting prices for over 100 core cloud products in China by up to 55%, and 20% on average, including data storage and elastic computing products  —  - Alibaba is trying to stay ahead of competitors like Tencent  — Demand for cloud services is accelerating during an AI boom

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:20 AM ET, February 29, 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

Victoria Gomelsky / New York Times:
Watches of Switzerland Group, one of the world's largest watch retailers, acquires the watch enthusiast website Hodinkee, says coverage will remain independent

ProPublica:
Sources and records: Trump Media has forced out its COO, CPO, and other executives after internal allegations that CEO Devin Nunes is mismanaging the company

Dade Hayes / Deadline:
Filing: Nexstar cuts its chief revenue officer position, and CRO Michael Strober will leave the company on October 30; he was hired after Nexstar bought The CW

More News

Natasha Lomas / TechCrunch:
Eight EU consumer rights groups lodge GDPR complaints with national data protection authorities, accusing Meta of coercing users with its “pay-or-consent” model
Hannah Miao / Wall Street Journal:
Webull plans to go public via a SPAC merger with SK Growth Opportunities around September 2024 and expects to raise ~$100M, valuing the online brokerage at $7B+
Yiwen Lu / New York Times:
Raw Story, AlterNet, and, in a separate case, The Intercept sue OpenAI in a NY federal court for copyright infringement; The Intercept is also suing Microsoft
Financial Times:
Sources: Nigeria detains two senior Binance executives who flew to the country following its decision last week to ban several crypto trading websites
Kyle Wiggers / TechCrunch:
Adobe unveils Project Music GenAI Control, a platform that can generate audio from text descriptions or a reference melody and let users customize the results

Earlier Picks

Rachel Metz / Bloomberg:
Toronto-based Ideogram, which is introducing a text-to-image AI model that generates images with legible text, raised an $80M Series A led by a16z
Caitlin Ostroff / Wall Street Journal:
Memo: SBF's lawyers suggest a short sentence of five to six years in prison, citing medical conditions, including autism, and his philanthropic giving
Ben Lovejoy / 9to5Mac:
Kuo: Vision Pro demand is higher than Apple originally expected, with US shipments expected to hit 200-250k units this year; return rates are now below 1%
The Information:
Sources: Meta plans to launch Llama 3 in July, as the company tries to overcome a perceived problem that Llama 2's answers for contentious topics are too “safe”
Karissa Bell / Engadget:
President Biden signs an EO that aims to limit the mass-sale of Americans' personal data like geolocation to “countries of concern”, including China and Russia
Anton Shilov / AnandTech:
Samsung launches 36GB 12H HBM3E DRAM for AI, slated for mass production in H1 2024, with 50%+ more peak bandwidth and capacity compared to its previous HBM gen
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