Techmeme
August 29, 2022, 12:00 PM

Top News

Alex Konrad / Forbes:
Y Combinator names Garry Tan as its next president, replacing Geoff Ralston in January 2023; Tan will step away from his role at his firm Initialized Capital  —  Y Combinator has tapped an outsider as its next president — sort of.  —  The storied Bay Area-based accelerator …
Mark Gurman / Bloomberg:
TechCrunch:
Meta partners with JioMart, an e-commerce venture between Reliance Retail and Jio Platforms, to launch a grocery shopping service on WhatsApp in India  —  Meta and an e-commerce venture between Reliance Retail and Jio Platforms are bringing JioMart grocery shopping to WhatsApp …
Daniel Van Boom / CNET:
Eminem and Snoop Dogg performed at MTV's Video Music Awards in Yuga Labs' game Otherside, morphing into the Bored Yacht Ape NFT avatars that they own  —  Just like the video clip for the song, Eminem and Snoop Dogg performed “From The D 2 The LBC” as their Bored Apes during Sunday's Video Music Awards.
Brandon Katz / The Wrap:
SEC filing: Triller raised $200M and is targeting a $3B valuation in its IPO before the end of 2022; source: Triller is on track for a $250M run rate in 2023  —  Triller, a video-sharing social network service, has raised $200 million in financing as it eyes an initial public offering (IPO) of $3 billion before the end of this year.
Tweets: @jstrauss and @lthomasnews
New York Times:
How Taiwan's centrality in the global chip supply chain may help keep the peace by providing the island with a “silicon shield” against a Chinese invasion  —  TAIPEI, Taiwan — As Chinese warships rehearsed a blockade of Taiwan this month, they simulated a scenario global leaders …
Alberto Romero / The Algorithmic Bridge:
Unlike DALL-E 2, Stable Diffusion is open source and can run on high-end consumer GPUs, while its CreativeML Open RAIL-M license “strives for” “responsible” use  —  A state-of-the-art AI model available for everyone through a safety-centric open-source license is unheard of.
New York Times:
China opened corruption probes in July 2022 into some top executives in its semiconductor industry, as it rethinks its gold rush approach to chip self-reliance  —  Wearing a laboratory coat, China's top leader, Xi Jinping, inspected a subsidiary of Yangtze Memory Technologies Company, a national semiconductor company based in Wuhan.
Manish Singh / TechCrunch:
Reliance Jio, which has 421M subscribers, says it will spend $25B to launch a 5G service in October and plans to expand to “every town” in India by end of 2023  —  Reliance Jio Infocomm, India's top telecom mobile operator, has earmarked a spending of $25 billion on the rollout …
Manish Singh / TechCrunch:
India says it won't restrict Chinese companies from selling smartphones cheaper than $150, after a report said it may do so to boost its domestic industry  —  India is not proposing to restrict Chinese smartphone manufacturers from operating in the sub-$150 price range, a key minister said Monday …

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Mark Gurman / Bloomberg:
Taylor Lorenz / Washington Post: