Techmeme
January 12, 2023, 11:45 AM

Top News

Lucinda Shen / Axios:
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence, even as ex-executives plead guilty  —  Disgraced FTX founder Sam Bankman-Fried on Thursday published his account of how the crypto company collapsed.
Tim Reynolds / Associated Press:
A federal judge terminates FTX's 19-year, $135M naming rights deal with Miami-Dade County's Heat arena, a massive undertaking involving the roof and more  —  The naming rights deal between FTX and Miami-Dade County was terminated Wednesday by a federal bankruptcy court …
Forbes:
JPMorgan Chase is suing the founder of Frank, a student loan software startup acquired for $175M, over allegedly lying about scale by creating 4M+ fake users  —  The financial giant is suing the founder of a Mark Rowan-backed startup it acquired, claiming the fintech, Frank, had sold the financial giant on a “lie.”
Mark Gurman / Bloomberg:
Sources: Apple is working on Macs with a touchscreen; the first model may be a MacBook Pro with an OLED display supporting gestures, set to be released in 2025  —  Apple Inc. is working on adding touch screens to its Mac computers, a move that would defy long-held company orthodoxy and embrace …
Bloomberg:
Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes  —  Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Kali Hays / Insider:
Sources: Twitter is leaving at least 12 international offices due to closures or not paying rent, including in Hong Kong, Mexico, Ghana, Australia, and India  —  - Twitter is leaving at least a dozen international offices due to closures or not paying rent.  — Hubs in Europe and even Twitter's headquarters in Asia are shuttered.
Nikou Asgari / Financial Times:
Sources: crypto broker Genesis owes creditors more than $3B, leading DCG to explore selling venture assets, estimated to be worth ~$500M, to raise cash  —  Barry Silbert's conglomerate weighs offloading venture assets to help wholly owned digital asset lender
Reuters:
TSMC reports Q4 revenue up 26.7% YoY to $19.93B and net income up 78% YoY to $9.72B, beating estimates of ~$9.5B, even as the chip industry downturn continues  —  Taiwanese chipmaker TSMC (2330.TW) reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales …
Gavin Bonshor / AnandTech:
Intel announces its Core i9-13900KS CPU, clocked at 6GHz out of the box, with eight performance and 16 efficiency cores, available now for $699  —  Initially mentioned during their Innovation 2022 opening keynote by Intel CEO Pat Gelsinger, Intel has unveiled its highly anticipated 6 GHz out-of-the-box processor, the Core i9-13900KS.
Joe Rossignol / MacRumors:
Kuo: mass shipments of second-generation AirPods Max and AirPods with a $99 price target will likely begin in the second half of 2024 or the first half of 2025  —  Mass shipments of second-generation AirPods Max and more affordable AirPods will likely begin in the second half of 2024 …
Jacquelyn Melinek / TechCrunch:
Amazon partners with Ava Labs, which develops the Avalanche blockchain, to support Avalanche's infrastructure and dApp ecosystem through its AWS marketplace  —  Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche …
Tim Bradshaw / Financial Times:
Frank Landymore / Futurism:
CNET has been using an “AI engine” to write financial explainers under a CNET Money byline since November 2022, reviewed, fact-checked, and edited by a human  —  Next time you're on your favorite news site, you might want to double check the byline to see if it was written by an actual human.
Andrew Romero / 9to5Google:
A set of allegedly official Samsung Galaxy S23 marketing images leak, showing four colors, a refined design, and more; S23 Ultra's camera is rumored to be 200MP  —  The Galaxy S23 from Samsung is set to be announced on the first day of February.  Even though that's a given …
Gary Marcus / The Road to AI We Can Trust:
Source: OpenAI will get all of the equity back once $92B in profit plus $13B in initial investment are paid to Microsoft and once other investors earn $150B  —  I don't usually write about business deals, much less about rumors about business deals, but this one has me scratching my head …
New York Times:
Sources: in December, Twitter started considering auctioning off usernames to generate revenue; Elon Musk had said he wants to free up 1.5B inactive usernames  —  The company has discussed selling some user names through online auctions, people with knowledge of the plans said.

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