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January 6, 2023, 7:55 AM
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| Wall Street Journal: |
Sources: Genesis Global laid off 30% of its staff, after a 20% cut in 2022, leaving the crypto lender with 145 workers, 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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Tweets: @watcherguru, @shaughnessy119, @fxmacro, @tomkeene, @lookonchain, @crypto, @gwestr, @nouriel, and @aristyescuder
| Kate Clark / The Information: |
Memo: Genesis parent company DCG shut down its wealth management subsidiary HQ Digital on January 2; filing: HQ had $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 …
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Watcher Guru, CoinDesk, Bitcoinist.com, Decrypt, crypto.news, Coinpedia Fintech News, The Block, CoinGape, Bloomberg, and CryptoSlate
| 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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MarketWatch, Forbes, Reuters, Silicon Republic, Financial Times, Search Engine Journal, SiliconANGLE, The Information, VentureBeat, PYMNTS.com, San Francisco Business Journal, Crunchbase News, and Insider
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| Ana Paula Pereira / Cointelegraph: |
Three Arrows Capital liquidators subpoena founders Zhu Su and Kyle Davies, who have resisted cooperation, via Twitter, seeking documents on the fund's collapse — 3AC founders Zhu Su and Kyle Davies have been ordered to provide all documents in their possession or control … | 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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| Mitchell Clark / The Verge: |
Qualcomm unveils Snapdragon Satellite, which lets phones with a Gen 2 SoC and an X70 modem text off the grid via Iridium's satellite network, coming 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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Tweets: @qualcomm_eu and @spacanpanman
| CNBC: |
Samsung estimates that its 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 …
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Tweets: @dnystedt, @soheefication, @samkimasia, and @saxena_puru
| Stephen Totilo / Axios: |
Microsoft files a revised rebuttal to the FTC's lawsuit to block its Activision Blizzard deal, removing 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 …
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Federal Trade Commission, Gameranx, Wccftech, PC Games Insider, FOSS Patents, The Jacob Wolf Report, TheGamer, Kotaku, and Forbes
Tweets: @stephentotilo, @counternotions, @matthewstoller, and @senninsage
| 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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Forbes, Fortune, Bloomberg, Gizmodo, Observer, and Adweek
Mastodon: @aaronpride@mastodon.lol. Tweets: @kyliebytes, @erinkwoo, @gergelyorosz, @willoremus, @dorothyofisrael, @moorehn, and @srirachachau
| Mitchell Clark / The Verge: |
Snap plans to shut down its Camera app for Mac and PC on January 25, 2023; launched in October 2018, the app let users apply face filters while on video calls — On January 25th, Snap will be shutting down its camera app for Mac and PCs. If that name doesn't ring a bell … | 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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| Varsha Bansal / Rest of World: |
A profile of Shaik Salauddin, an Uber driver turned union leader, who has become a quasi-celebrity in India after fighting for gig worker rights in the country — Shaik Salauddin: the Indian driver-turned-union leader who is brushing shoulders with top politicians and giving ride-hailing firms a run for their money.
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Inc42 Media, MarketWatch, The Hill, The Guardian, and Fast Company
| 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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