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December 7, 2022, 10:00 AM
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Top News

Shannon Liao / Washington Post:
Microsoft agrees to a 10-year deal to bring Call of Duty to Nintendo Switch for the first time, pending FTC approval of its Activision deal, but offers no date  —  Microsoft has signed a deal to bring the Activision Blizzard-published Call of Duty franchise to Nintendo for the first time …
Kif Leswing / CNBC:
Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC's future Arizona fabs, expected to open in 2024 and 2026  —  - Apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe Biden later in the day, where Cook confirmed Apple will buy chips built in the U.S.
Tim Culpan / Bloomberg:
Despite Joe Biden and Tim Cook celebrating TSMC's long-planned Arizona fabs, the tech will be outdated and capacity small, a far cry from US chip independence  —  President Joe Biden is so proud of Taiwan Semiconductor Manufacturing Co.'s new facility that he went to Arizona to celebrate it.
Mark Gurman / Bloomberg:
Sources: Apple reins in its ambitious self-driving plans for its electric vehicle, delayed to 2026, now with a steering wheel, pedals, and highway-only autonomy  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car's target launch date …
William Turton / Bloomberg:
Elon Musk says Twitter's deputy general counsel Jim Baker was “exited”, citing “concerns” over the “suppression of information” related to the “Twitter Files”  —  Jim Baker, Twitter Inc.'s deputy general counsel, was pushed out of the company …
Bloomberg:
A look at the digital asset diehards at Art Basel in Miami, who tried to ignore the fallout from FTX's collapse even as FTX merch remained, hidden in storerooms  —  At a dazzling new hotspot in the center of Miami's crypto scene, the remains of Sam Bankman-Fried's collapsed empire are stuffed in trash bags.
Shaurya Malwa / CoinDesk:
Facing a large deficit in its treasury, DeFi protocol Sushi proposes diverting fees from the Kanpai protocol and reduces its runway requirement from $9M to $5M  —  Developers proposed to divert 100% of fees generated on the platform to Sushi's multisig for one year or until new tokenomics are implemented.
Faiz Siddiqui / Washington Post:
Twitter ads for Amazon, Snap, Uber, and other major brands appeared on the pages of at least two white nationalists, whose accounts were restored by Elon Musk  —  Ads from dozens of major brands were appearing on white nationalist and extremist accounts  — Ads for more than three dozen …
Financial Times:
Sources: FTX reached the late stages of talks with Taylor Swift over a $100M+ sponsorship deal, supported by Swift fan SBF, who faced opposition from FTX execs  —  Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
Andrew Romero / 9to5Google:
Telegram partners with Fragment to let users create an anonymous number to join the service, removing the need for a SIM card, and expands security features  —  For years, apps like Telegram and Whatsapp have restricted access to users who could sign up using a SIM card and phone number.
Mark Gurman / Bloomberg:
Apple changes App Store pricing to range from $0.29 to $10,000, from $0.49 to $999.99, starting with subscription apps; top 100 prices require Apple's approval  —  Apple Inc. is changing the pricing structure for the App Store to let developers charge a wider range of amounts …
Helene Braun / CoinDesk:
Signature Bank plans to cut its crypto-tied deposits by $8B-$10B, or to under 15%; as of September 2022, ~23.5% of the bank's $103B deposits came from crypto  —  Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses.
Parmy Olson / Bloomberg:
OpenAI's ChatGPT presents a potentially serious threat to Google, offering quick, comprehensive answers to difficult questions that require no further searches  —  A new chatbot from OpenAI took the internet by storm this week, dashing off poems, screenplays and essay answers that were plastered …
Cristiano Lima / Washington Post:
Congress leaves out the Journalism Competition and Preservation Act from the US defense spending bill, after intense pushback from industry and advocacy groups  —  Facebook threatened to block news in the U.S. over the measure, which was under consideration as part of a defense package
McKinsey & Company:
A survey finds that while 50% of businesses are using AI in 2022, 2.5x higher than in 2017, AI adoption has plateaued between 50% and 60% for the past few years  —  Adoption has more than doubled since 2017, though the proportion of organizations using AI 1 has plateaued between 50 and 60 percent for the past few years.
New York Times:
How Geneva-based VPN startup Proton's ~25 engineers are fighting Russian censorship, a back-and-forth battle since the government blocked Proton in March 2022  —  The cat-and-mouse experience of Proton, a Swiss company, shows what it's like to be targeted by Russian censors — and what it takes to fight back.
Deepsekhar Choudhury / Moneycontrol:
Sources: India tells Nick Clegg and other Meta executives to complete takedown requests within an hour and says Google has a higher rate of compliance than Meta  —  Union IT minister Ashwini Vaishnaw also told Meta that it needs more fact-checkers in India in proportion to the country's population …
Bloomberg:
Hedge fund Fir Tree Capital sues Grayscale Investments for info on potential mismanagement, as GBTC, down ~74% YTD, trades at a ~43% discount to its BTC's value  —  Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts …
Gretchen Morgenson / NBC News:
A look at Silvergate, one of the few US banks that let customers move dollars onto crypto exchanges, now drawing congressional scrutiny following FTX's collapse  —  Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges.  FTX and related firms, like Alameda Research, had 20 Silvergate accounts.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:00 AM ET, December 7, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Amol Sharma / Wall Street Journal:
Sources: Comcast plans to announce Wednesday that it will be spinning off its NBCUniversal cable TV networks including MSNBC and CNBC, with Mark Lazarus as CEO

Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai testifies for the first time in his years-long national security trial; he is already serving a jail term for a fraud conviction

Bron Maher / Press Gazette:
The Economist, The Week, ITV News, and others have joined Bluesky in the past week, while Politico, Semafor, Tortoise have resumed their activity on the site

More News

Kalley Huang / New York Times:
Sources: seeking to capitalize on the Twitter chaos, Meta brainstormed product ideas in November like expanding Instagram Notes and building a text-focused app
Pew Research Center:
A survey of 19 developed nations: 57% say social media has been good for democracy, 35% say it has been bad; in the US, 34% think it has been good for democracy
Jon Porter / The Verge:
WhatsApp begins rolling out customizable avatars, already available on Facebook and Instagram, letting users set a profile picture or send one of 36 stickers
Thomas Claburn / The Register:
Researchers find industrial robot exposure in China leads to a 7.5% decline in employment probability, 9% drop in hourly wages, and 14% increase in hours worked

Earlier Picks

Aaron Holmes / The Information:
Sources: Microsoft recently considered building a “super app” that would combine shopping, messaging, search, news, and other services, inspired by WeChat
Wall Street Journal:
Sources: the US-TikTok national security deal faces further delays as US officials fret over the app's risks; both sides agree Oracle will host TikTok's US data
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