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January 20, 2023, 12:55 PM
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| Bloomberg: |
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs — Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
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| Kevin Simauchi / Bloomberg: |
Crypto lender Genesis Global files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities as between $1B and $10B — Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
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| Ryan Weeks / The Block: |
Bankruptcy filing: Genesis Global owes more than $3.6B to its top 50 creditors, including $766M to Winklevoss' Gemini Trust Company — - Genesis Global filed for bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York. — In the filing, the company published a list of its top 50 unsecured claims.
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| Nico Grant / New York Times: |
Sources: Google executives met with Larry Page and Sergey Brin in December to discuss AI products; Google plans to demo web search with chatbot features in 2023 — A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
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Tweets: @schuldensuehner, @sociogeeks_, @kantrowitz, and @cademetz
| Karissa Bell / Engadget: |
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules” — In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps …
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Twitter, Inc., The Breakroom, The Verge, 9to5Google, Ars Technica, PCWorld, Thurrott, PhoneArena, Pocketables, iMore, MacRumors, TechCrunch, MobileSyrup, Android Authority, Forbes, Phandroid, SamMobile, BetaNews, Silicon Republic, and Pocket-lint
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| Catherine Larkin / Bloomberg: |
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards — T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
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| Bloomberg: |
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong — Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
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Tom's Hardware, Pocket-lint, Gameranx, The Shortcut, Video Games Chronicle, Destructoid, GamesIndustry.biz, Wccftech, iPhone in Canada Blog, GameSpot, and GamingBolt
Tweets: @6d6f636869, @genepark, @jackal27, @godfree, and @blun_z
| Anna Nicolaou / Financial Times: |
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos — Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022 — Reed Hastings is stepping …
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Tweets: @reedhastings, @mbrandolph, @pkafka, @lexnfx, @deadline, and @alexweprin
| The Verge: |
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring — Fake bylines. Content farming. Affiliate fees. What happens when private equity takes over a storied news site and milks it for clicks?
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TheStreet, Gizmodo, and The Overspill
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| Iris Deng / South China Morning Post: |
Canalys: Xiaomi shipments in India fell 40% YoY in Q4 2022 amid government scrutiny, falling behind Samsung and Vivo after holding the top spot for 20 quarters — Chinese smartphone giant Xiaomi was dethroned in India for the first time in five years by Samsung Electronics and Vivo … | The Block: |
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product — - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.
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U.S. Securities …, Law Street Media, Nexo.io Blog, CoinJournal, CoinGape, Cointelegraph, Coinspeaker, Bloomberg, CryptoPotato, crypto.news, CoinGeek, and Blockworks
Tweets: @secgov, @nexo, @nexo, @bitboy_crypto, @eduardbrichuk, @jcoviedo6, @chainlinkgod, @theiasupernova, @nicolasdorier, @johnedeaton1, and @antoninexo
| Dean Takahashi / VentureBeat: |
A survey of 2,300+ game developers: 45% say the metaverse won't deliver on its promise, 53% back unionization, 91% say player harassment is an issue, and more — Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.
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Tweets: @danieljkelley, @goldenboyftw, @official_gdc, @stephentotilo, and @vgc_news
| Jagmeet Singh / TechCrunch: |
India releases rules on social media influencers and virtual avatars promoting products without disclosing payment, adding an up to ~$12.3K fine for violations — As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
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YouTube, The Economic Times, The Guardian, TechCircle, Hindustan Times, Moneycontrol, India Today, MediaNama, and Inc42 Media
Tweets: @medianama, @3011_ajit, @pib_india, and @sentientsixp
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