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 … Lees verder op Tech Meme
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. Lees verder op Tech Meme
Ryan Tracy / 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 Lees verder op Tech Meme
Financial Times: SoftBank-backed Arm prices shares at $51 apiece ahead of IPO — Move values UK chip designer at more than $52bn as it prepares to begin trading on Thursday — Shares in UK chip designer Arm have been priced at $51 per share before trading begins on Thursday, giving the company a market valuation of $52.3bn. Lees verder op Tech Meme
Bloomberg: The White House is watching China expand its government ban on iPhones “with concern” and says the move appears to be “aggressive and inappropriate retaliation” — – National Security Council is watching issue with concern — Beijing cites problems with the security of Apple devices Lees verder op Tech Meme
Lucinda Shen / Axios: Chicago-based Kin Insurance, which uses thousands of data points to provide personalized home insurance, raised a $33M Series D extension at a $1B+ valuation — – Lucinda Shen, author of Axios Pro: Fintech Deals — Exit Content Preview — Nearly two years after walking away from a SPAC deal … Lees verder op Tech Meme
Ryan Tracy / Wall Street Journal: US Senate’s AI Insight Forum: Musk warns of AI risks, Zuckerberg defends open source, all guests agree the US needs to play a role in regulating AI, and more — Tech leaders debate perils and possibilities of artificial intelligence at closed-door Senate session Lees verder op Tech Meme
Financial Times: Sources: Arm shares are expected to be priced at as much as $52 per share, above the prior IPO range of $47-$51 a share, giving Arm a valuation of ~$54B — Pricing for SoftBank-backed UK chipmaker could reach as much as $52 a share, sources say — Shares in UK chip designer Arm are expected … Lees verder op Tech Meme
Bloomberg: The White House says it is monitoring reports of a growing Chinese government ban of iPhones and that the move seems to be a reprisal against the US — – National Security Council is watching issue with concern — Beijing cites problems with the security of Apple devices Lees verder op Tech Meme
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. Lees verder op Tech Meme