Tech Meme

Bloomberg: The UK CMA lists seven AI foundation model regulating principles and plans to engage Google, Meta, OpenAI, Microsoft, Nvidia, and Anthropic before a 2024 report  —  – CMA to develop AI regulation position in ‘significant program’  — CMA says ‘real risk’ that AI could undermine consumer trust Lees verder op Tech Meme

Elad Gil / Elad Blog: The US should not regulate most AI, letting the tech mature for positive uses, to avoid favoring incumbents, killing startups, and forcing the industry overseas  —  There have been multiple call to regulate AI.  It is too early to do so.  —  [While I was finalizing this post … Lees verder op Tech Meme

Associated Press: On X, French President Emmanuel Macron backpedals after saying video games “intoxicated” some young rioters and declares games are an “integral part of France”  —  French President Emmanuel Macron is extending an olive branch to video gamers after previously linking computer games … Lees verder op Tech Meme

Scott Murdoch / Reuters: Hong Kong IPOs: AI startup and US Entity List member Beijing Fourth Paradigm aims to raise up to $144M and cloud hospital startup Neusoft Xikang aims for $101M  —  Three Chinese firms, led by AI software company Beijing Fourth Paradigm, are aiming to raise up to $280 million in Hong Kong initial public offerings launched on Monday. Lees verder op Tech Meme

Austin Weinstein / Bloomberg: Lyft agrees to pay $10M over the US SEC’s claims the company didn’t disclose a board director got millions to arrange a pre-IPO sale of $424M in private shares  —  – SEC says company didn’t properly disclose details of sale  — Lyft investor sold private stake for $424 million, SEC says Lees verder op Tech Meme

Emma Roth / The Verge: Microsoft CPO Panos Panay is leaving after 19 years, ahead of the September 21 Surface event; consumer marketing chief Yusuf Mehdi will lead Windows and Surface  —  Panos Panay, the chief product officer at Microsoft, leading Windows development and the company’s Surface line, is leaving Microsoft. Lees verder op Tech Meme

Nicholas Megaw / Financial Times: Analysis: services firms, including Deloitte, earned $84M in fees from Arm’s $5B IPO, the most a company spent on fees since Axa in 2018 and over 7x the average  —  Non-underwriting costs of flotation are the highest Wall Street has seen for five years, according to FT analysis Lees verder op Tech Meme

Muyao Shen / Bloomberg: Crypto custody startup Bastion, co-founded by two ex-a16z executives, raised a $25M seed led by a16z crypto to expand its tools for traditional companies  —  – Bastion raises $25 million in funding round led by a16z crypto  — Startup to provide custody and other services on one platform Lees verder op Tech Meme

Carly Page / TechCrunch: Researchers find a GitHub repository belonging to Microsoft’s AI research unit that exposed 38TB of sensitive data, including secret keys and Teams chat logs  —  Microsoft AI researchers accidentally exposed tens of terabytes of sensitive data, including private keys and passwords … Lees verder op Tech Meme

Yoel Roth / New York Times: Twitter’s ex-head of trust and safety reflects on Donald Trump publicly attacking him, the resulting abuse, fact-checking, Elon Musk, Twitter Files, and more  —  When I worked at Twitter, I led the team that placed a fact-checking label on one of Donald Trump’s tweets for the first time. Lees verder op Tech Meme