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January 10, 2023, 3:10 PM
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memeorandum
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| Kate Rooney / CNBC: |
Coinbase plans to cut ~950 jobs, or ~20% of its workforce, aiming to reduce its operating expenses by 25% QoQ in Q1 2023, after laying off 18% in June 2022 — - Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June. — CEO Brian Armstrong pointed …
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Coinbase, SEC.gov, The Block, New York Times, CoinDesk, Decrypt, Blockworks, Reuters, TechCrunch, SiliconANGLE, Silicon Valley Business …, Bloomberg, Financial Times, Engadget, The Verge, Crypto Daily, SlashGear, The Hill, Gizmodo, PC Gamer, Cointelegraph, LayoffsTracker, Fortune, CoinGape, CryptoSlate, CoinJournal, Ethereum World News, Protos, Crowdfund Insider, Cryptopolitan, CoinDesk, PYMNTS.com, Bitcoinist.com, Wall Street Journal, The Information, Invezz, and Tech News
Tweets: @deitaone, @t0nyyates, @krishnanrohit, @levynews, @mylesudland, @davidgura, @thestalwart, @pt, @carnage4life, @eliotwb, @basedkarbon, @kantrowitz, @tante, @mattgoldstein26, @kr00ney, @thestalwart, @davidgerard, @deitaone, @cryptonator1337, @thestalwart, @buccocapital, @wublockchain, @mdudas, @thestalwart, and @degencryptoinfo
| Semafor: |
Sources: Microsoft is in talks to invest $10B in OpenAI at a $29B valuation, taking 75% of OpenAI's profits until the investment is recouped and then owning 49% — Microsoft has been in talks to invest $10 billion into the owner of ChatGPT, the wildly popular app that has thrilled casual users …
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Gizmodo, Fortune, Insider, Bloomberg, Reuters, AppleInsider, SiliconANGLE, TheStreet, AI Supremacy, CNBC, GeekWire, ZDNet, iPhone in Canada Blog, Invezz, Forbes, City A.M., Livemint, Computerworld, Thurrott, Digital Trends, Coinspeaker, OnMSFT.com, Mashable, Windows Central, Analytics Insight, The Verge, WinBuzzer, Pureinfotech, The Information, and MarketWatch
Tweets: @nonmayorpete, @trungtphan, @lizrhoffman, @carlquintanilla, @reedalbergotti, @davemcclure, @bentossell, @bdsams, @lizrhoffman, @hammer_mt, @lizrhoffman, @ericabrescia, @omerperchik, @carnage4life, @levie, @jamespmcleod, @seyitaylor, @dsmart, @tomwarren, @marypcbuk, @nonmayorpete, @borrowed_ideas, @mikeisaac, @silviakillings, @simon_ree, @borrowed_ideas, @borrowed_ideas, @tedgioia, @martinsfp, and @carnage4life
| Benj Edwards / Ars Technica: |
Microsoft unveils VALL-E, a text-to-speech AI model trained on 60K hours of English speech that can simulate a person's voice from three seconds of sample audio — Text-to-speech model can preserve speaker's emotional tone and acoustic environment. — On Thursday, Microsoft researchers announced …
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arXiv.org, Tech Monitor, Slashdot, Gizmodo, Meta AI, Tom's Guide, Firstpost Tech, TechEBlog, KnowTechie, Engadget, TechSpot, MSPoweruser, WinBuzzer, Silicon Republic, JOMO, BetaNews, and TechRadar
Tweets: @thecarteldel, @drjimfan, @sytelus, @austin_walker, @glenngabe, @shobz, @wbm312, @ejwalters, @counternotions, @drjimfan, @amogh42, @suhail, @gaurabc, @drjimfan, @drjimfan, @altryne, @drjimfan, @thecarteldel, @daftlimmy, @shobz, @schachin, @drjimfan, @steventey, @amogh42, @ralphbrooks, and @chrismessina
| Olga Kharif / Bloomberg: |
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed — Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert … | Chance Miller / 9to5Mac: |
Apple SVP of Services Eddy Cue says App Store developers have made $320B+ since 2008 and lists 900M paid subscriptions, 200+ Arcade games, 70B Shazams, and more — Eddy Cue, Apple's senior vice president of services, has penned an open letter celebrating what he calls a “groundbreaking year for entertainment.”
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Apple, Forbes, TechCrunch, MacRumors, AppleInsider, iThinkDifferent, Daring Fireball, BGR, and Technical Ripon
Mastodon: @asymco@mastodon.social. Tweets: @ideafaktory, @apollozac, @parkerortolani, @rsgnl, @mcelhearn, @stevekovach, and @leonardwongly
| Javier Paz / Forbes: |
A breakdown of Binance's assets, according to Nansen, Glassnode, Defillama, and Arkham data, estimates the exchange has ~$50B left, down 24% from November 2022 — The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
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crypto.news, Coinpedia Fintech News, PYMNTS.com, Invezz, CoinGeek, Grit Capital, and Watcher Guru
| Sarah Perez / TechCrunch: |
Amazon plans to open Buy with Prime to all US merchants on January 31, letting them offer Prime benefits like free shipping and returns on their own apps — Amazon announced this morning it's expanding its Buy with Prime service to U.S.-based merchants by the end of the month.
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About Amazon, BigCommerce, Reuters, Gizmodo, The Verge, PYMNTS.com, The Information, Barron's Online, PCMag, Engadget, BGR, GeekWire, Bloomberg, and CNBC
Tweets: @_inpractise, @modestproposal1, @modestproposal1, and @juokaz
| Bloomberg: |
Sources: former FTX engineering chief Nishad Singh, who has not been accused of wrongdoing, met with US federal prosecutors last week to seek a cooperation deal — Former FTX engineering chief Nishad Singh met with federal prosecutors in a bid to become the third member of Sam Bankman-Fried's inner circle … | Kyle Wiggers / TechCrunch: |
Microsoft acquires Fungible, which makes data processing units for data centers and has raised over $300M; reports from December say the deal is worth ~$190M — In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known …
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The Official Microsoft Blog, Fungible, Windows Central, The Register, Network World, DCD, WinBuzzer, Petri IT Knowledgebase, and MSPoweruser. Tweets: @fungible_inc
| Taylor Hatmaker / TechCrunch: |
Meta adds more limits on targeting users under 18 with ads, including removing the options to target teens users based on gender and in-app activity — Meta is making some changes to how its apps handle advertising and young users. Under the new rules, advertisers on Instagram and Facebook …
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Meta, The Verge, Engadget, Digiday, Wall Street Journal, The Hill, The Drum, Adweek, KnowTechie, The Independent, and Bloomberg. Tweets: @metanewsroom
| Jacquelyn Melinek / TechCrunch: |
The Easy Company raised a $14.2M seed and launches a “social” crypto wallet in beta with an “Instagram-like experience” for viewing NFTs — The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences … | Financial Times: |
Meta contractor Sama plans to cut ~200 staff and close its east African content moderation hub in March 2023; Meta plans to keep 1,500 Sama staff to label data — Staff at Nairobi office were moderating graphic and harmful material — Meta's east African content moderation hub is shutting …
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TIME, TechCrunch, Insider, and BBC
Tweets: @billyperrigo, @odangaring, @madhumita29, @cristinacriddle, @satariano, and @romancingnope
| Adam Conway / XDA Developers: |
Google releases the Extension SDK for developers to bring features, like the Photo Picker API that launched with Android 13 and AdServices APIs, to Android 11+ — The Extensions SDK is what makes features like Photo Picker possible on older Android versions.
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Android Developers Blog, ZDNet, Tom's Guide, Android Police, and TechCrunch
Tweets: @natisho and @mishaalrahman
| Washington Post: |
A New York University study finds Russian troll Twitter accounts had a minimal impact on 2016 US election voters; 1% of users accounted for 70% of the exposure — Welcome to The Cybersecurity 202! I caught up on some time hanging out with friends this past weekend. Friends are cool.
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Nature, Tilting At Windmills, and The Intercept
| Bob Van Voris / Bloomberg: |
A New York judge sentences Nikhil Wahi, a brother of Coinbase PM Ishan Wahi, to 10 months for a scheme to trade on insider info on the timing of new listings — The brother of a former Coinbase Global Inc. product manager was sentenced to 10 months behind bars for his role in a scheme … | Debby Wu / Bloomberg: |
TSMC reports Q4 revenue up 43% YoY to ~$20.6B, below estimates of ~$20.8B, its first miss in two years; TSMC's stock fell 27% in 2022 but is up 7% in 2023 — Taiwan Semiconductor Manufacturing Co.'s fourth-quarter sales missed analysts' estimates, signaling the global decline in electronics demand … | Cecilia Kang / New York Times: |
Common Sense Media survey of 1,358 US teenagers: 75% report having viewed porn online by 17, including 41% seeing images of nudity or sexual acts during school — Sexually explicit content has become so prevalent online that teenagers are deluged, according to a new report by a nonprofit child advocacy group.
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Common Sense Media, The Hill, and WRAL TechWire
Tweets: @commonsense, @timmarchman, @mattnavarra, @ceciliakang, @luxalptraum, @benjysarlin, @tpcarney, and @justinhendrix
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