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February 1, 2023, 11:00 AM
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memeorandum
WeSmirchTop News
| Ryan Browne / CNBC: |
The UK government lays out plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians — - The U.K. laid out plan to regulate the cryptocurrency industry. — The proposals include strengthening rules on crypto lending … | Ian King / Bloomberg: |
Intel cuts employee pay and perks to preserve cash for investment, ranging from 25% for CEO Pat Gelsinger, 15% for leadership, and 5% for mid-level managers — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope …
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SemiAnalysis, Oregonian, CRN, Wall Street Journal, Tom's Hardware, Reuters, Stratechery, TechCircle, Barron's Online, CNBC, Financial Times, Wccftech, Fortune, The Register, The Information, Neowin, and Globes Online
Tweets: @dylan522p, @turoczy, @metacriticcap, @bitsandchipseng, @melt_dem, @samro, @metacriticcap, @metacriticcap, @calvinmccarter, @realchrisbrunet, @mothercabrininy, @bluthcapital, @skyjuice60, @kchoudhu, @rogoway, @rogoway, @smtuffy, @eghosao, @realmemes6, @teroterotero, @lbacaj, @carnage4life, @dylan522p, and @rogoway
| David Satin / The Streamable: |
Netflix lists its rules and exemptions to prevent password sharing, including that all devices should be on the same “primary” Wi-Fi at least once every 31 days — After months of warning subscribers that anti-password sharing measures were coming to Netflix, the company appears to be finally set to unleash them.
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Netflix Help Center, gHacks Technology News, Gizmodo, 9to5Mac, TechCrunch, Daily Mail, Tech Advisor, T3, Appuals.com, Mashable, Wccftech, Gizchina, GamesRadar, Sky News, GSMArena.com, Shortlist, Pocket-lint, BGR, iThinkDifferent, Softpedia News, Techdirt, and Gamereactor UK
| Leah Nylen / Bloomberg: |
Sources: a US judge rejects the FTC's bid for a preliminary injunction to block Meta's Within acquisition, giving the FTC one week to decide whether to appeal — Meta Platforms Inc. won court approval to buy virtual reality startup Within Unlimited, defeating an effort to block the deal …
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The Verge, TechCrunch, American Economic …, The Star, Bloomberg Law, and Hypemoon
| Jennifer Elias / CNBC: |
Sources and documents: Google asks employees to test potential ChatGPT competitors, including Apprentice Bard, a chatbot that uses its LaMDA conversational tech — - Google is testing ChatGPT-like products that use its LaMDA technology, according to sources and internal documents acquired by CNBC.
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The Verge, ZDNet, WinBuzzer, BGR, Neowin, TechCircle, Pocket-lint, Appuals.com, Engadget, Insider, and 9to5Google
| Lauren Forristal / TechCrunch: |
Apple launches its MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, playoffs, and more for $14.99/month or $99/year — Today, Apple launched MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, Audi 2023 MLS Cup Playoffs …
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Apple, 9to5Mac, ZDNet, Thurrott, Forbes, AppleInsider, The Sun, Ars Technica, Sportico, Engadget, MacRumors, MacDailyNews, Cult of Mac, The Streamable, Deadline, Patently Apple, Big D Soccer, KnowTechie, Apple Must, mlssoccer, Tom's Guide, iMore, Digital Trends, The Hollywood Reporter, iMore, Pocket-lint, BGR, The Athletic, and mirror
Tweets: @houstondynamo, @chicagofire, and @fcdallas
| Gerry Smith / Bloomberg: |
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mlssoccer and Pocket-lint
Tweets: @davemorgannyc, @tvgrimreaper, @astaniscia86, and @gerryfsmith
| Politico: |
Sources: the UK's semiconductor plan, which missed a publication deadline last fall, has suffered from government disarray, as the US and EU move forward — LONDON — As nations around the world scramble to secure crucial semiconductor supply chains over fears about relations with China, the U.K. is falling behind.
Tweets: @jack_blanchard_, @pascallth, @g_lanktree, and @chinaresearchgp
| Ashley Gold / Axios: |
A report by the White House's NTIA describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation to improve competition and choice — A new Biden administration report describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation … | Jamie Crawley / CoinDesk: |
Indiana-based blockchain startup SIMBA Chain, which has worked on various US military projects, raised $30M from the US Air Force, after raising $1.5M in 2020 — The USAF has granted SIMBA Chain a $30 million funding increase as part of its aims of “identifying and advancing technologies …
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Business Wire, Cointelegraph, and Blockworks
| Tom Warren / The Verge: |
Nvidia is working to fix a Discord bug that slows the memory clocks on some of its GPUs by up to 200MHz, including the RTX 3080 and RTX 3060 Ti — Discord is slowing down graphics card memory clocks on some Nvidia GPUs. A recent Discord update has introduced a bug that slows down memory clocks …
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PCMag, Tom's Hardware, PCWorld, Club386, HotHardware, nvidia.custhelp.com, TechRadar, KitGuru, TechPowerUp, and Digital Trends
Tweets: @tomwarren, @lvjycmwyl, @andrewgriesmann, and @fspls
| Anna Nicolaou / Financial Times: |
Sources: UMG is in talks with Tidal and others to overhaul streaming economics to pay artists more; ideas include a “bonus pool” and “superfan” subscriptions — Group looks into options such as cracking down on bots and adding ‘superfan’ subscriptions| Ben Lang / Road to VR: |
Meta's Ready at Dawn studio plans to shutter Echo VR, one of the best-rated and most popular free Quest games, after layoffs, to focus on “our next project” — As a parting gift, players can claim lots of premium cosmetic items for free — The Entire VR Industry in One Little Email
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Echo Games, Game Developer, Android Central, Gameranx, Fossbytes, and The Verge
| Todd Spangler / Variety: |
Netflix adds spatial audio to its $20 per month Premium plan, available for over 700 of its most popular titles; Standard and Basic will get limited support — Listen to this: Netflix is hoping audiophiles will upgrade to the $20-per-month Premium tier to gain access to the streamer's full collection …
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About Netflix, AppleInsider, Thurrott, 9to5Mac, CNET, Engadget, TechCrunch, The Verge, MobileSyrup, and Deadline
| Reed Albergotti / Semafor: |
Sources: Microsoft plans to update Bing with a faster version of OpenAI's ChatGPT, known as GPT-4, in the coming weeks; OpenAI plans to launch a ChatGPT app — Microsoft's second-place search engine Bing is poised to incorporate a faster and richer version of ChatGPT, known as GPT-4 …
Tweets: @carlquintanilla, @semaforben, and @reedalbergotti
| Sohee Kim / Bloomberg: |
As memory prices plunge, SK Hynix reports a ~$1.4B Q4 operating loss, its biggest quarterly operating loss yet, vs. ~$900M est., and a 38% YoY drop in revenue — South Korean chipmaker SK Hynix Inc. reported its biggest quarterly loss on record, due to plunging prices in memory chips as tech demand fell worldwide.
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Nikkei Asia, The Register, SK hynix Newsroom, DCD, ZDNet, Tech Xplore, South China Morning Post, Reuters, Morningstar, Inc., Korea Joongang Daily, and The Straits Times
Tweets: @samkimasia and @samkimasia
| Bloomberg: |
Western Digital raised $900M from Apollo Global and Elliott, sources say as a precursor to a merger with Japan's Kioxia, as the memory chip industry struggles — Western Digital Corp. is receiving a $900 million investment led by Apollo Global Management Inc., getting financial firepower …
More:
Silicon Valley Business …, DCD, Western Digital, and Business Wire
| Sean Hollister / The Verge: |
Anker admits its Eufy security cameras are not natively E2E encrypted and produced unencrypted video streams for Eufy's web portal, but says the flaws are fixed — / Anker admits its always-encrypted cameras weren't always encrypted — and promises to do better. … First, Anker told us it was impossible.
More:
9to5Mac, Android Police, KnowTechie, Internet of Things News, and gHacks Technology News
Tweets: @stevenconlon and @linustech
| Tage Kene-Okafor / TechCrunch: |
Egyptian microfinance lending and payments service MNT-Halan raised $260M in equity and $140M in debt via bond issuances at a ~$1B post-money valuation — Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors …
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FinSMEs, Reuters, MNT Halan, WeeTracker, Business Wire, Techpoint Africa, Founders' Plus, and Disrupt Africa
| Tage Kene-Okafor / TechCrunch: |
Cape Town-based Lulalend, which uses its proprietary credit scoring algorithm to offer short-term loans to SMBs, raised a $35M Series B and launches a neobank — In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability …
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FinSMEs, Finextra, Disrupt Africa, Bloomberg, Ventureburn, TechCabal, and Techpoint Africa
| Sylvia Varnham O'Regan / The Information: |
Sources: seeking to boost Reels' quality, Meta executives are leaning toward relaxing the company's long-standing opposition to sharing ad revenue with creators — When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they're likely to pepper the Meta Platforms CEO … | Kif Leswing / CNBC: |
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales — - AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts …
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Advanced Micro Devices, Inc., HotHardware, TechSpot, PC Gamer, Wccftech, Coinspeaker, The Register, Appuals.com, Tom's Hardware, iTnews, Wall Street Journal, The Information, SiliconANGLE, and CNBC
Tweets: @suburbandrone, @chernandburn, @iancutress, and @iancutress
| Ashley Capoot / CNBC: |
PayPal plans to lay off ~2,000 employees, or ~7% of its workforce, “over the coming weeks”, as the company addresses the “challenging macroeconomic environment” — - PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce.
More:
PayPal Newsroom, The Register, Computerworld, Finextra, Bloomberg, Forbes, Reuters, Tech in Asia, BBC, Coinspeaker, Silicon Republic, The Economic Times, Neowin, RTÉ, SiliconANGLE, Business Post, PYMNTS.com, and OnMSFT.com
Tweets: @dimartinobooth and @dimartinobooth
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