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March 11, 2024, 7:20 PM
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Top News

Kashmir Hill / New York Times:
GM, Honda, Kia, Hyundai, others have added features in their mobile apps to rate driving skills, then sent the data to brokers; some saw insurance payments jump  —  LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars …
Emma Roth / The Verge:
Airbnb will no longer let hosts use indoor security cameras, staring April 30, citing renters' privacy; previously, cameras in common areas had been allowed  —  Airbnb will no longer allow hosts to use indoor security cameras, regardless of where they're placed or what they're used for.
Fortune:
Sources: a16z Crypto made a secret $100M investment in Kickstarter in 2021 that let staff and investors cash out and led to its later-abandoned blockchain pivot  —  In early December 2021, employees at the crowdfunding startup Kickstarter got news of a windfall: An investor group wanted to buy some of their shares.
Foo Yun Chee / Reuters:
EU privacy watchdog EDPS says the European Commission using Microsoft 365 breached privacy rules and the EU didn't implement adequate data transfer safeguards  —  The European Commission's use of Microsoft (MSFT.O) software breached EU privacy rules and the bloc's executive also failed …
Jonathan Vanian / CNBC:
Filing: Reddit aims to raise up to $748M in its IPO, selling ~22M shares at $31 to $34 each, for a ~$6.5B valuation; Reddit set aside 1.76M shares for its users  —  - Reddit aims to raise up to $748 million as part of its upcoming IPO, according to a corporate filing on Monday.
Jonathan Stempel / Reuters:
Authors Brian Keene, Abdi Nazemian, and Stewart O'Nan sue Nvidia over allegedly using their work to train NeMo, saying the company “admitted” to using the books  —  Nvidia (NVDA.O), whose chips power artificial intelligence, has been sued by three authors who said it used …
Hannah Murphy / Financial Times:
Pavel Durov says Telegram has 900M users, aims “to become profitable next year, if not this year”, was “offered $30B+ valuations” by VCs, and is weighing an IPO  —  In rare interview, Pavel Durov says secretive messaging app is making ‘hundreds of millions of dollars’ from ads business
Alexandra Sternlicht / Fortune:
TikTok uses a non-disparagement clause in RSU contracts, perhaps to silence staff, an unusual practice; one ex-staffer claims a share buyback offer was withheld  —  Current and former TikTok employees who criticize the company risk losing any stock they own—in some cases worth millions of dollars …
More: Business Insider.  Mastodon: @carnage4life@mas.to.  Bluesky: @glynmoody.bsky.social.  X: @lexnfx.  Forums: Hacker News and r/technology
Forbes:
A profile of Ryan Breslow, the founder of Bolt, whose $355M Series E in 2022 set off 18 months of acrimonious lawsuits and a showdown with early backer Activant  —  The Silicon Valley wunderkind rode his fintech unicorn Bolt to the bank.  Then came the lawsuits and money squabbles …
Manish Singh / TechCrunch:
Elon Musk says xAI plans to open source Grok this week; xAI released Grok in November 2023, offering access to “real-time” data via X's $16/month subscription  —  Elon Musk's AI startup xAI will open source Grok, its chatbot rivaling ChatGPT, this week, the entrepreneur said …
Lauren Goode / Wired:
Q&A with Yoel Roth, just named Match Group's head of trust and safety, 16 months after his public exit from Twitter following Elon Musk's acquisition  —  Yoel Roth suffered targeted harassment after quitting as top content cop at Elon Musk's Twitter.  Now he's head of trust and safety …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:20 PM ET, March 11, 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

Lucas Shaw / Bloomberg:
Bill Simmons says he has agreed to a new Spotify contract and will continue his show for at least two years; he'll also serve as Spotify's head of talk strategy

Max Tani / Semafor:
Email accidentally sent to newsroom: NPR dissuaded All Things Considered anchor Ari Shapiro, a prominent gay staffer, from attending a corporate Pride event

Ruth Marcus / New Yorker:
Ruth Marcus explains why she quit WaPo, not wanting to tell readers “what Jeff Bezos thinks I should think”, and publishes her spiked column in The New Yorker

More News

Lara O'Reilly / Business Insider:
Sources: Apple is testing an AI-powered ad tool that automatically decides where to place ads within the App Store, similar to Google's Performance Max ad tool
Brian Heater / TechCrunch:
Covariant, an AI-powered robot maker, debuts RFM-1, an AI model the company says can process physics, may limit the need for bespoke robotics programming, more
Kif Leswing / CNBC:
Oracle reports Q3 revenue up 7% YoY to $13.3B, meeting expectations, and cloud services and license support revenues up 12% YoY to $9.96B; ORCL jumps 9%+

Earlier Picks

Elizabeth G. Dunn / New York Times:
A profile of food delivery app Wonder from Diapers.com and Jet.com co-founder Marc Lore, who invested $200M+ and is targeting a $30B IPO in three to five years
Mike Butcher / TechCrunch:
London-based Griffin Bank, which offers an API-driven banking-as-a-service platform, raised a $24M Series A extension, after a $13.5M Series A in June 2023
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