Tech Meme

Rachel Metz / Bloomberg: AI writing startup Writer, used by L’Oréal, Spotify, and Uber to create digital marketing campaigns, raised $100M led by Iconiq Growth at a $500M+ valuation  —  The company’s technology can write and summarize a wide range of text. … Led by Chief Executive Officer May Habib … Lees verder op Tech Meme

Bloomberg: Sources: Amazon is hiring Microsoft’s former Chief Product Officer Panos Panay to run the division responsible for Alexa and the Echo smart speakers  —  Amazon.com Inc. is hiring Microsoft Corp.’s product chief to run the division responsible for Alexa and the Echo smart speakers, according to people familiar with the situation. Lees verder op Tech Meme

Muyao Shen / Bloomberg: Crypto custody startup Bastion, co-founded by two former 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

Sarah Perez / TechCrunch: T2, an X rival launched after Elon Musk’s takeover, rebrands as Pebble with a new logo and Ideas for posts, saying T2 was never meant to be its permanent name  —  An X challenger didn’t hide its ambitions to take on the social network formerly known as Twitter when it dubbed itself T2 at launch … Lees verder op Tech Meme

Ryan Smith / AnandTech: Intel details its work on glass core substrates, a long-term project to replace organic substrates in chips, and plans a launch in the second half of the decade  —  Although Intel’s annual Innovation event doesn’t kick off until tomorrow, the company is already publishing some announcements ahead … 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

Rachel Metz / Bloomberg: AI writing startup Writer, used by L’Oréal, Spotify, and Uber to create digital marketing campaigns, raised $100M led by Iconiq Growth at a $500M+ valuation  —  The company’s technology can write and summarize a wide range of text. … Led by Chief Executive Officer May Habib … Lees verder op 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