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March 20, 2024, 6:15 PM
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CNBC:
Reddit priced its IPO at $34 a share, the top of its expected range, bringing in $519M and valuing the company at about $6.5B  —  In this photo illustration a Reddit logo is seen displayed on a smartphone.  —  Reddit, the 19-year-old website that hosts millions of online forums …
Financial Times:
The US awards Intel $8.5B in CHIPS Act funding and $11B in loans to expand in Arizona, Ohio, New Mexico, and Oregon; Intel plans to spend $100B over five years  —  Preliminary agreement under US Chips Act also includes $11bn loan as company expands capacity in Arizona and other states
Wall Street Journal:
Meta, Microsoft, X, and Match Group file an amicus brief in Epic v. Apple protesting Apple's plan to charge a commission for payments made outside the App Store  —  Four tech companies object to Apple's new app store policies related to payment for services
Ben Schoon / 9to5Google:
Epic plans to release the Epic Games Store on iOS and Android later this year, with the same terms as the ones for PC, including a 12% commission on sales  —  With plans to launch its own game store on iOS, it's now been announced that the Epic Games Store is coming to Android.
Samuel Stolton / Bloomberg:
France fines Google €250M for not keeping its 2022 pledge on fair deals with media outlets, including training Gemini on articles without notifying publishers  —  - Firm also accused of breaking other commitments in news case  — Watchdog levies €250 million penalty in latest escalation
Foo Yun Chee / Reuters:
EU antitrust chief Margrethe Vestager warns Apple over its Core Technology Fee, saying the EU plans to investigate, and Meta over its planned subscription fees  —  EU antitrust chief Margrethe Vestager on Tuesday warned Apple (AAPL.O) and Meta Platforms (META.O) on their new fees for their services …
Tim Copeland / The Block:
A commit in Ethereum Foundation's GitHub repository shows the foundation has received a voluntary and confidential inquiry from an unspecified state authority  —  - The Ethereum Foundation has received a voluntary and confidential inquiry from an unspecified state authority, according to the foundation's GitHub repository.
Frederic Lardinois / TechCrunch:
GitHub releases code scanning autofix, powered by Copilot and CodeQL, in public beta for GitHub Advanced Security customers, to help them fix vulnerabilities  —  It's a bad day for bugs.  Earlier today, Sentry announced its AI Autofix feature for debugging production code and now …
Forbes:
Sources: Stability AI CEO Emad Mostaque told staff last week that Robin Rombach and his team of researchers who helped develop Stable Diffusion, have resigned  —  Robin Rombach and a group of key researchers that helped develop the Stable Diffusion text-to-image generation model have left the troubled generative AI startup.
Kyle Wiggers / TechCrunch:
A review of OpenAI's GPT Store finds many GPTs offer bizarre services, potentially infringe on copyright laws, impersonate people, jailbreak ChatGPT, and more  —  When OpenAI CEO Sam Altman announced GPTs, custom chatbots powered by OpenAI's generative AI models, onstage at the company's …
More: The Hill, ZDNet, and Spyglass
Bluesky: @marypcbuk.bsky.social.  X: @riptari, @aaronklein, and @mikarv
Forums: Hacker News and Slashdot
Camilla Hodgson / Financial Times:
After its OpenAI bet, Microsoft hiring Mustafa Suleyman and most Inflection staff continues its strategy of developing ties with the most prominent names in AI  —  Satya Nadella's appointment of Mustafa Suleyman continues strategy of developing ties with fledging AI companies
Steven Levy / Wired:
An in-depth look at the 2017 “Attention Is All You Need” paper, a big breakthrough in AI, and profiles of the eight Google researchers who co-authored the paper  —  They met by chance, got hooked on an idea, and wrote the “Transformers” paper—the most consequential tech breakthrough in recent history.
Business Insider:
Sources: OpenAI plans to release GPT-5 in mid-2024, likely during the summer, and some enterprise customers have recently received demos of the latest model  —  - OpenAI's main product is the popular generative AI tool ChatGPT.  — Since its last major model upgrade to GPT-4, the tool has run into performance issues.
Jess Weatherbed / The Verge:
SteamDB: after releasing its massive 1.6 update, Stardew Valley hit 146,159 concurrent players on Steam, a new record and above Palworld's stats this week  —  The cozy farming simulator hit 146,159 concurrent players on Steam according to SteamDB data, smashing the game's previous record …
Bill Toulas / BleepingComputer:
Trend Micro researchers detail Earth Krahang, a China-linked APT campaign that has breached 70 organizations in 23 countries and is potentially linked to I-Soon  —  A sophisticated hacking campaign attributed to a Chinese Advanced Persistent Threat (APT) group known as 'Earth Krahang …
Niamh Rowe / Fortune:
Morph, an Ethereum Layer 2 network that uses a combination of optimistic and zero-knowledge rollup technologies, raised a $19M seed led by DragonFly Capital  —  Morph, a layer-2 Ethereum Virtual Machine, today announced a $19 million seed round led by DragonFly Capital.

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This is a Techmeme archive page. It shows how the site appeared at 6:15 PM ET, March 20, 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

Benjamin Mullin / New York Times:
Richard Parsons, who had a long career as chairman, CEO, and as a board member of media companies including CBS and Time Warner, died at 76 of bone cancer

Inside Radio:
iHeart reduces its total debt by over $440M and extends most of its debt maturities by three years, by using debt exchange transactions

Reuters:
Palestinian sources say an Israeli airstrike killed five journalists from Al-Quds Today; the Israeli military called the five “operatives posing as journalists”

More News

Earlier Picks

Ash Parrish / The Verge:
How Sweet Baby, a small video game narrative development company, became the focus of Gamergate 2.0, a harassment campaign against “forced” diversity in gaming
Financial Times:
Sources: Canada and the UAE have lobbied leading AI startups based in Europe, including Aleph Alpha, Synthesia, and Stability AI, to move their headquarters
Mike Rogoway / Oregonian:
PE firm Francisco Partners agrees to acquire Portland, Oregon-based Jama Software, which helps companies develop complex tech products, for $1.2B
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