Techmeme
September 14, 2023, 11:10 AM

Top News

William Turton / Bloomberg:
Sources: Caesars Entertainment paid tens of millions of dollars to hackers who breached the company's systems in recent weeks and threatened to release the data  —  - Hackers stole data, extorted company, people familiar said  — Caesars breach came in weeks before MGM announced cyberattack
Suzanne Rowan Kelleher / Forbes:
Dan Primack / Axios:
Arm prices its 95.5M shares at $51 a piece, raising $4.87B in 2023's largest IPO so far and giving the company a fully diluted valuation of ~$54.5B  —  Arm, the British chip design giant controlled by SoftBank, has raised nearly $5 billion in its initial public offering.
Kat Bailey / IGN:
Unity acknowledges the “confusion and frustration” about its planned install fees but argues that “more than 90% of our customers will not be affected”  —  Platform holder claims “90 percent of users” won't be affected by change.  —  Game developers are still furious …
Jez Corden / Windows Central:
Helene Braun / CoinDesk:
A US judge says FTX can now sell, stake, and hedge its crypto holding, estimated to be worth $3.4B+, including $1.16B in solana, to repay creditors  —  Lawyers of FTX had submitted a filing with the U.S. Bankruptcy Court for the District of Delaware, asking for permission to sell …
Monica Chin / The Verge:
HP unveils the Spectre Fold, a foldable PC that can be used as 17-inch tablet or laptop, or as a 12.3-inch laptop, weighing under 3lb, starting at $5,000  —  Over the past few years, companies across the PC space have been engaged in a slow, but steady race to build a foldable laptop that people might actually want to buy.
Wall Street Journal:
The US Senate's AI Insight Forum: Elon Musk warned of AI risks, Mark Zuckerberg defended open source, all guests agreed the US needs to regulate AI, and more  —  Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session
Alex Ivanovs / Stack Diary:
Chrome, Firefox, Brave, and Edge get updates to address an actively exploited flaw in the WebP Codec's library libwebp; many non-browser apps are also affected  —  A significant vulnerability in the WebP Codec has been unearthed, prompting major browser vendors, including Google and Mozilla …
Taylor Lorenz / Rolling Stone:
Extremely Online book excerpt: how Julia Allison invented the concept of a content creator in the mid-2000s, for which journalists and others villainized her  —  In her book ‘Extremely Online,’ journalist Taylor Lorenz details how Julia Allison invented the concept of being a content creator a decade before it caught on
Sarah Perez / TechCrunch:
Amazon expands its search and discovery features, including multimodal search and Find-on-Amazon, which lets users find similar products to those in a photo  —  Amazon is introducing new features that make it easier to search for products on mobile and is challenging other product search engines …
More: About Amazon
Washington Post:
Day two of Google's trial: Apple complained the DOJ may have violated confidentiality rules, after the DOJ said Google paid Apple $4B to $7B for search in 2020  —  Protection of trade secrets versus transparency has been a major debate between Google and activists in the case
Louise Matsakis / Semafor:
Google cuts hundreds from its global recruiting team, saying “the volume of requests for our recruiters has gone down”, but plans to keep a significant majority  —  Google is laying off hundreds of people across its global recruiting team as hiring at the tech giant continues to slow.

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Tyler Cowen / Bloomberg:
Mariana Lenharo / Nature:

Earlier Picks

Bloomberg:
Sarah Perez / TechCrunch:
Isaac Schorr / Mediaite:
Reuters:
Justine Calma / The Verge: