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.
A look at the design options Apple considered for its car, including one by Jony Ive that resembled a modern reincarnation of the 1950s Volkswagen microbus
The Apple car was a case study in what happens when corporate indecision, technological challenges and market realities combine …
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 …
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 said Monday he will open-source Grok, X's AI chatbot rivaling ChatGPT, this week, days after suing OpenAI …
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 …
GM, Honda, Kia, Hyundai, and others added optional features in their apps to rate people's driving in recent years, offering the data to brokers like LexisNexis
LexisNexis, which generates consumer risk profiles for the insurers, knew about every trip G.M. drivers had taken in their cars … Mastodon: @dangillmor@mastodon.social . X: @evan_greer , @ccanonne_ , ...
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
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
Marc Lore, the entrepreneur behind Diapers.com and Jet.com, would like to disrupt food delivery. But he really wants to build a brand that actually lasts. X: @dinvesting , @stevehiltonx , @profschlei...
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 …
A look at the challenges of academic AI research, as costs to develop generative AI models grow rapidly and tech companies' salaries drain academia of talent
e.g., establishing shared computing resources. https://www.washingtonpost.com/ ... Glenn K. Lockwood / @glennklockwood : Academia is losing its ability to make progress in AI due to competition with i...
Source: ex-Activision CEO Bobby Kotick has approached ByteDance to express interest in buying TikTok and floated the idea of partnering to Sam Altman and others
Looking back at “Deep Learning is Hitting a Wall”, a 2022 article by Gary Marcus, ridiculed by many, and how a paradigm shift, not just scale, is needed for AGI
His predictions are very accurate. [embedded post] X: Gary Marcus / @garymarcus : @ocs568BD i predicted hallucinations in 2001; here is another list from two years ago today Gary Marcus / @garymarcus...
Eclipse Labs, which is developing an Ethereum Layer-2 blockchain using the Solana Virtual Machine, raised a $50M Series A co-led by Placeholder and Hack VC
- Eclipse Labs has raised $50 million in Series A funding co-led by Placeholder and Hack VC. — The firm is developing …
An Italian minister says Singapore-based Silicon Box plans to invest €3.2B to build a chip factory; Silicon Box raised $200M in January 2024 at a $1B+ valuation
Flavia Rotondi / Bloomberg :
Thomson Reuters CEO Steve Hasker says the group has $8B to spend on AI acquisitions and investments, to transform its businesses of supplying professional data
Media and data group will develop its own technology and scoop up targets with AI capabilities
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.
UK savings platform Flagstone, which lets its 600K+ users split cash across providers, raised £108M from Arizona-based Estancia for a minority stake
Aisha S Gani / Bloomberg :
Palantir wins a US Army contract worth $178.4M to provide battlefield AI systems for the TITAN ground station, the Army's first “AI-defined vehicle”
Q&A with ex-PlayStation boss Shawn Layden about his support for Web3 gaming company Readygg, blockchain games, mass layoffs, AI, controlling costs, and more
As chip companies seek a backup to China, Malaysia becomes a surprise investment destination, thanks to its background in packaging, assembling, and testing
Tension between Beijing and Washington over access to technology has prompted many companies to open factories in south-east Asia X: @chinabeigebook and @mjruehl X: @chinabeigebook : “#Malaysia has a ...
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
Mike Butcher / TechCrunch :
A look at AI-enabled dolls, such as those made by South Korea's Hyodol and Israel's Intuition Robotics, which offer companionship and assistance to older adults
and talking back. by WIRED
Influencers on Facebook, Instagram, Discord, Reddit, and TikTok are promoting Chinese ecommerce sites like Pandabuy, known for knockoffs, using affiliate links
I've seen teens praise the quality of each other's knock offs which is a new thing — https://www.wired.com/... Sarah Burstein / @design_law@mastodon.social : It's unfortunate that Wired seems to equ...
An interview with Slack CEO Denise Dresser about bringing her own personality to the job, plans to use generative AI, competing with Microsoft Teams, and more
Internal memo: Alibaba plans to roll out a new staff incentive plan on April 1 that combines equity with cash, a significant change to attract and retain talent
Bloomberg :
Interviews and court filings: 10 former Pinduoduo staff describe surveillance after leaving and lawsuits to enforce strict non-competes and stifle competition
Financial Times :
How Google rolled out Street View in Germany after 10+ years of resistance, as Street View's utility trumped privacy concerns in Europe's most private country
Q&A with Claire Leibowicz, the head of the AI and media integrity program at the Partnership on AI, on male domination in the industry, responsible AI, and more
Kyle Wiggers / TechCrunch :
Shopify: Revolutionizing Commerce with Winter Edition '26
Over 150+ new features transform how merchants build, design, and grow—with technology that amplifies creative vision.
Email fatigue is real: Here's how smart email tools help you regain control
Picture this: It's Monday morning. You walk into the office feeling energized and ready to take on the week.
Protecting your Cloud Applications Data
Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.