Tech News from Austin and Beyond

AUG 18, 2023, 2:58 PM CDT
Tarrytown retail center sold for first time since 1952
Austin jobless rate ticks up to 3.8%

AUG 18, 2023, 2:45 PM CDT
Jobless rate rises slightly in AustinAUG 18, 2023, 2:16 PM CDT
Meta gets tough with its return-to-work plan, warns employees they could be fired if they don’t comply

AUG 18, 2023, 12:30 PM CDT
Meta gets tough with return-to-office plan
Texas to invest $142B in roads, transportation infrastructure

AUG 18, 2023, 11:17 AM CDT
Texas to invest billions in Austin-area roads
Emerging Austin hospital cluster could one day look like Houston’s Texas Medical Center, MD Anderson president says

AUG 18, 2023, 8:26 AM CDT
Austin hospital cluster may look like Houston’s Texas Medical Center
What a more normal Austin housing market looks like

AUG 18, 2023, 7:54 AM CDT
Housing picture looks better in Austin — but these threats loom
Hybrid work place

AUG 18, 2023, 12:21 AM CDT
Employers who adopt a new workflow could be ahead of the talent curve

11:40 PM • Sean Hollister / The Verge: Western Digital refused to answer questions about how its portable SanDisk Extreme SSDs might lose all the data; the company is being sued over data-loss issues

10:50 PM • Kirsten Korosec / TechCrunch: Cruise is complying with a California DMV request to cut its fleet by 50% as the regulator probes “recent concerning incidents” involving Cruise robotaxis

8:35 PM • Winston Cho / The Hollywood Reporter: A district court judge upheld a US Copyright Office finding that artwork created by AI isn’t eligible for copyright protection because it lacks human authorship

6:30 PM • David Ljunggren / Reuters: Canadian Heritage Minister Pascale St-Onge demands that Meta lift its “reckless” news ban on Facebook and Instagram for the safety of people fleeing wildfires

4:20 PM • Adi Robertson / The Verge: Elon Musk claims “block is going to be deleted as a ‘feature’, except for DMs”, without giving any details, in a reply to a user’s X post about block vs. mute

4:05 PM • Pete Evans / CBC News: Evacuees from the wildfires threatening Yellowknife say that Meta’s news fight with Canada’s government makes it harder for them to share lifesaving information

3:20 PM • Bloomberg: Draft IPO filing: Arm’s revenue fell 1% YoY to $2.68B in its fiscal year ended on March 31, 2023; sources: Arm plans to sell ~10% of its shares in its listing

2:25 PM • Todd Spangler / Variety: Elon Musk Says X (aka Twitter) Will No Longer Let You Block Other Users

1:55 PM • Anirban Sen / Reuters: Sources: SoftBank acquired a 25% stake in Arm from its Vision Fund unit at a $64B valuation and plans to make the chip designer’s IPO filing public on August 21

12:05 PM • Bloomberg: Email: Amazon offers some creators up to $12,500 for 500 videos, or $25 per video, for its TikTok-like shopping feed; creators typically charge $200+ per video

11:25 AM • Ingrid Lunden / TechCrunch: Viome, which sells supplements to customers based on AI-based assessments of their microbiomes, raised an $86.5M Series C, bringing its total funding to $175M

10:55 AM • David Jeans / Forbes: Credit card processor cuts its Binance contract short over regulatory “actions and orders in relevant jurisdictions” and money laundering concerns

10:20 AM • Taylor Hatmaker / TechCrunch: Twitch plans to roll out a long-requested anti-harassment feature within weeks that automatically blocks a streamer’s banned users from watching their streams

9:25 AM • Zeke Faux / Bloomberg: An excerpt from the book Number Go Up traces “wrong number” texts to Chinese gangs in Cambodia and Myanmar using forced labor to run pig butchering Tether scams

8:50 AM • Manya Saini / Reuters: KPMG: Canadian fintech investments, including VC, private equity, and M&A, totaled $353.7M across 57 deals in H1 2023, vs. $834.1M across 109 deals in H1 2022

8:25 AM • Reuters: The European Commission plans to make a regulatory assessment of Qualcomm’s bid to acquire Israel-based fabless chipmaker Autotalks, first announced in May 2023

7:25 AM • Manish Singh / TechCrunch: Netflix partners with Jio Platforms, India’s largest telecom operator, to bundle its Netflix Basic streaming tier with two of the carrier’s pay-as-you-go plans

5:20 AM • Simon Sharwood / The Register: Private equity firm EQT plans to take German software company SUSE private at €16/share, below its 2021 IPO’s €30 price but above August 17’s €9.6 closing price

5:00 AM • CNN: Lyft and Uber threaten to leave Minneapolis if the mayor signs a minimum wage ordinance by August 23 mandating at least $1.40/mile and $0.51/minute for drivers

4:45 AM • Jay Peters / The Verge: Meta updates Threads with a Repost tab on users’ profile pages and adds reposts to the reverse-chronological Following feed

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