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

Emma Roth / The Verge: Microsoft product chief Panos Panay steps down, ahead of the September 21 Surface event; consumer marketing chief Yusuf Mehdi to lead Windows and Surface units  —  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

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

Ryan Smith / AnandTech: Intel details its work on glass core substrates, a longterm 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

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