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January 5, 2023, 10:30 PM
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| Wall Street Journal: |
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer — Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups — Cheating With ChatGPT: Can an AI Chatbot Pass AP Lit?
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Reuters, SiliconANGLE, The Information, Forbes, Financial Times, San Francisco Business Journal, PYMNTS.com, Insider, and Crunchbase News
Tweets: @ninadschick, @jessicalessin, @wintermoat, @eddiedonmez, @berber_jin1, @tomaxwell, @anthemos, and @jouabr
| Wall Street Journal: |
Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260 workforce in 2022, and is considering filing for bankruptcy — Firm suffered steep losses from loans it supplied to Alameda, Three Arrows — Massive crypto lender Genesis Global Trading Inc. laid off 30% …
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CoinDesk, The Block, Forkast, PYMNTS.com, Reuters, CoinGape, The Information, Watcher Guru, SiliconANGLE, CNBC, Trustnodes, Gizmodo, and crypto.news. Tweets: @tomkeene
| Kate Clark / The Information: |
Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing: HQ had more than $3.5B under management as of December 2022 — Digital Currency Group, the parent company of crypto broker Genesis and the publication CoinDesk, has shut down its wealth management …
More:
Decrypt, Bloomberg, and CoinDesk
Tweets: @kateclarktweets, @amir, @theinformation, @kateclarktweets, @deezefi, @fejau_inc, @curvethots, and @im_goomba
| Mitchell Clark / The Verge: |
Qualcomm unveils Snapdragon Satellite, to let phones with a Gen 2 SoC and X70 modem connect to Iridium's satellites for off-grid texting, available in H2 2023 — Android phones will soon be getting a feature similar to — and perhaps even more powerful than — Apple's Emergency SOS via satellite.
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Engadget, Qualcomm, SiliconANGLE, 9to5Google, MacRumors, Ars Technica, Neowin, iMore, Philip Elmer‑DeWitt, Thurrott, MobileSyrup, SlashGear, Tech Advisor, Light Reading, Android Headlines, TechRadar, NextPit, Droid Life, HotHardware, Tom's Guide, BGR India, Gizmodo, Phone Scoop, Washington Post, Wall Street Journal, T3, VentureBeat, and Digital Trends
| Wall Street Journal: |
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements — Alex Mashinsky made false statements to investors about the crypto lender, lawsuit alleges — New York Attorney General Letitia …
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NY State Attorney General, New York State Attorney General, Reuters, CNBC, Finextra, Washington Post, MarketWatch, Gizmodo, New York Times, TechCrunch, crypto.news, Ethereum World News, Bloomberg, Engadget, CryptoPotato, CoinGape, Bitcoinist.com, PYMNTS.com, and Crypto Briefing
Tweets: @newyorkstateag, @kadhim, @peterschiff, @mkolken, @thestalwart, @hannahdlang, @ahcastor, and @petersterne
| Ana Paula Pereira / Cointelegraph: |
3AC liquidators have subpoenaed founders Zhu Su and Kyle Davies, who have resisted cooperation, via Twitter to disclose documents related to the fund's collapse — 3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control …
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Bloomberg, Kitco News, Decrypt, Blockworks, CryptoSlate, Bitcoin News, crypto.news, and The Block
Tweets: @3acliq, @nic__carter, @zemariamacedo, @chainsawdotcom, @drnicka, @bitfinexed, @lomahcrypto, @ahcastor, and @funkmasteramp
| Erin Woo / The Information: |
Source: Twitter laid off ~40 ad optimization data scientists and engineers, as the company targets areas that leadership considers to be failing or unimportant — Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday night in what amounted to at least …
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Fortune, Bloomberg, Observer, Gizmodo, Adweek, and The Register
Mastodon: @aaronpride@mastodon.lol. Tweets: @kyliebytes, @erinkwoo, @gergelyorosz, @willoremus, and @dorothyofisrael
| David Benoit / Wall Street Journal: |
US bank Silvergate, which caters to crypto, reports liquidating debt to cover $8.1B withdrawals as FTX collapsed and laying off 40% of its staff; SI falls 40%+ — Bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto
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Silvergate, Seeking Alpha, Crunchbase News, The Information, Reuters, TheStreet, CoinDesk, CNBC, Financial Times, Bloomberg, Blockworks, CryptoSlate, The Daily Hodl, Watcher Guru, The Guardian, Finbold, Web3 is Going Just Great, and Bloomberg
Tweets: @deitaone, @mikeburgersburg, @ryan_browne_, @johnreedstark, @emilyjnicolle, @davecbenoit, @tracyalloway, @jamesplloyd, @grdecter, @mdudas, @davidfbailey, @deitaone, @dylanleclair_, @silvermanjacob, @benlower, @arturo_p_a, @om, @twobitidiot, @mhiesboeck, @jmover, @cryptadamist, @mikulaja, @mayazi, @alwayswinning1, @autismcapital, @jcoviedo6, @wublockchain, @antoniabmassa, @paul__walsh, @karenpetrou, and @arturo_p_a
| Matt Burgess / Wired: |
WhatsApp launches proxy support globally, letting users with blocked or disrupted connections use the app via servers set up by volunteers and organizations — Amid internet shutdowns in Iran, the encrypted messaging app is introducing proxy connections that can help people get online.
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WhatsApp Blog, The Verge, 9to5Mac, TechCrunch, WABetaInfo, GitHub, WhatsApp FAQ, Reuters, BGR, Slashdot, BigTechWire, Gizmodo, Daily Mail, The Independent, London Evening Standard, BBC, Sky News, Business Standard, Ars Technica, WebProNews, Daily Record, CNET, Denver 7 Colorado News, Adweek, iPhone in Canada Blog, and Engadget
Tweets: @yashar, @wcathcart, @mdubowitz, @iainlevine, @shiraovide, @jsrailton, @harrymccracken, @whatsapp, @ianbremmer, and @epro
| Stephen Totilo / Axios: |
Microsoft files a revised rebuttal to the FTC's lawsuit to block its Activision deal, backing off its claim that the FTC's structure is unconstitutional — Microsoft says it made a mistake last month when it claimed that the very structure of Federal Trade Commission, the agency trying …
More:
GamesIndustry.biz, Forbes, The Jacob Wolf Report, TheGamer, Bloomberg, and Kotaku
Tweets: @stephentotilo, @matthewstoller, and @senninsage
| Antonio G. Di Benedetto / The Verge: |
Lenovo unveils the Yoga Book 9i, a laptop with two 13.3" OLED displays, available in June 2023 for $2,100+ with a 13th Gen Intel Core i7-U15 and 16GB of RAM — Dual monitor setups are great and all, but how about dual screens in a strangely tall laptop? Lenovo is here to answer that …
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Lenovo StoryHub, Engadget, Ars Technica, ZDNet, TechRadar, Laptop Mag, OnMSFT.com, TechPowerUp, TechEBlog, BigTechWire, Pocketnow, Liliputing, Techaeris, T3, Android Headlines, HotHardware, TechSpot, and Engadget
Tweets: @tomwarren and @superbentendo
| Jules Roscoe / VICE: |
The FTC proposes a rule banning non-compete clauses, saying the contracts harm healthy competition in the labor and product markets and block entrepreneurship — The agency stated that noncompete clauses are bad for both the labor market and innovation. The proposed rule would make them illegal.
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Federal Trade Commission, New York Times, Vox, Wall Street Journal, The Register, Game Developer, Washington Post, Associated Press, Axios, GeekWire, The Verge, Politico, Gizmodo, The Hill, and TechCrunch
Tweets: @linakhanftc, @noamscheiber, @danpfeiffer, @senschumer, @linakhanftc, @ibd_ecarson, @agrobbonta, @ne0liberal, @superwuster, @moreperfectus, @musharbash_b, @theworthyhouse, @ewarren, @moreperfectus, @julianamkaplan, @ddayen, @brianboland, @bozitatarevic, @amierrivers, @matthewstoller, @ftc, @lydiadepillis, @axios, @julesaroscoe, @elissabeth, @bobbyfijan, @mattmday, @moiradonegan, @capitolkvd, @isforat, @lizshuler, @jasonfurman, @the_blackrabb1t, @keldonb, @sandeepvaheesan, @pisciottanopa, @jaybsauceda, @briandeesenec, @greenhousenyt, @linakhanftc, @kylebrussell, and @beltzernyc
| Geoffrey A. Fowler / Washington Post: |
Twitter verified a Washington Post columnist's fake US Senator Ed Markey account, after Elon Musk said “all verified accounts will be manually authenticated” — Elon Musk said Twitter would begin authenticating users who pay $8 for Blue. Our tech columnist was still able to get a checkmark for an impostor Sen. Ed Markey.
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SlashGear and Insider
Mastodon: @willoremus@mastodon.social. Tweets: @geoffreyfowler, @senmarkey, @iansherr, @andrewbaron, @senmarkey, @geoffreyfowler, @senmarkey, @kantrowitz, @privacymatters, @metacurity, @thekenyeung, @mattnavarra, @willoremus, @file411, @shiraovide, and @gregpinelo
| Kif Leswing / CNBC: |
California's pay transparency law came into effect this week revealing some Big Tech salaries including $253K-$327K for a software engineering director at Meta — - A new law that went into effect this week requires most California employers to disclose salaries on job listings.
More:
Insider and Washington Post
Tweets: @mattdpearce, @sammblum, @tvaziri, @susannavogel1, and @jordannovet
| Angus Berwick / Reuters: |
Source: FTX's former top lawyer Daniel Friedberg cooperated with US prosecutors, telling them on November 22 what he knew about SBF misusing customer funds — FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse …
More:
Bloomberg, Protos, The Block, LinkedIn, and New York Post
Tweets: @bitfinexed, @aaberwick, @anammostarac, @unusual_whales, @teddyschleifer, and @zhusu
| Gabrielle Fonrouge / CNBC: |
Stitch Fix plans to cut 20% of its 1,700 salaried staff as founder Katrina Lake reassumes the CEO role from Elizabeth Spaulding, who took over in August 2021 — - Stitch Fix founder Katrina Lake announced the company will be cutting 20% of its salaried workforce. — Lake will also reassume her post as CEO.
More:
Stitch Fix Newsroom, The Information, The Information, Fortune, PYMNTS.com, and TechCrunch
Tweets: @_chuckyc and @marcslove
| Bloomberg: |
Alibaba, Tencent, and other Chinese tech giants have struck a truce with the government, accepting lower growth and more controls as China eases its crackdown — In China, 2022 was the year Big Tech changed. Succumbing to a government crackdown and a pandemic that refused to go away … | Scott Stein / CNET: |
HTC unveils the $1,099 Vive XR Elite headset with a Qualcomm Snapdragon XR2, 110-degree field of view, and two 90HZ 2K LCD displays, available in February 2023 — The compact, depth-sensing, $1,099 headset arrives in February. Vive boss Dan O'Brien explains the strategy. — VR has suddenly gotten more expensive.
More:
IGN, Engadget, The Verge, PC Gamer, MobileSyrup, VentureBeat, Forbes, Pocket-lint, Android Central, PCMag, Game Rant, Auganix.org, Road to VR, Tech Advisor, Gizmodo, Laptop Mag, and Android Authority
Tweets: @mixedrealitytv, @casandchary, @lunayian, @aceofthumbs, @sabine_figaro, @nathievr, @nathievr, and @kishoderrek
| CNBC: |
Samsung expects Q4 operating profit fell by 69% YoY to $3.37B, an eight-year low, citing a greater than expected decline in memory chip demand — - Samsung Electronics flagged on Friday its quarterly profit tumbled to an eight-year low as a weakening global economy hammered memory chip prices and curbed demand for electronic devices.
More:
BBC, CNET, ZDNet, Wall Street Journal, Bloomberg, Reuters, The Korea Herald, Samsung Newsroom, Yonhap News Agency, Nikkei Asia, and SamMobile
Tweets: @samkimasia and @soheefication
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