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February 1, 2023, 11:45 AM
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Top News

Ian King / Bloomberg:
Intel cuts employee compensation to preserve cash for a turnaround plan, including 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 …
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.
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 …
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 …
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.
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 …
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 …
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
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 …
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 …
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
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
Mike Butcher / TechCrunch:
Digital fingerprinting startup Addressable, which claims to have matched over 17M anonymous crypto wallets with social media accounts, raised a $7.5M seed  —  Marketo, which was developed - among other things.- to enhance marketing around social media users, ended up being acquired by Adobe.
Chainalysis:
Analysis: 2022 was the biggest year ever for crypto hacking, with $3.8B stolen, primarily from DeFi protocols and by the North Korea-linked Lazarus Group  —  2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses.
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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This is a Techmeme archive page. It shows how the site appeared at 11:45 AM ET, February 1, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

The Hollywood Reporter:
Disney expects to spend $24B on content in 2025, up from $23.4B in 2024, due to sports programming expenses rising after NFL rate increases and NBA contracts

Matthew Keys / The Desk:
Disney said Disney+ Q4 ARPU in the US and Canada, down 1% QoQ to $7.70, was affected partly by new wholesale arrangements with some distributors

More News

Financial Times:
The US and India launch the Initiative on Critical and Emerging Technologies, including cooperating on quantum computing, AI, 5G, and chips, to counter China

Earlier Picks

Bill Toulas / BleepingComputer:
Microsoft disabled multiple fraudulent, verified Microsoft Cloud Partner Program accounts for creating malicious OAuth apps used to steal customers' emails
TJ Denzer / Shacknews:
EA Q3: revenue up 5% YoY to $1.88B, vs. $2.5B est., net income up 209% YoY to $204M, net bookings down 9% YoY to $2.34B, and lowers FY guidance; stock drops 10%
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
Jonathan Vanian / CNBC:
Snap reports Q4 revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, and a $288M net loss, vs. $23M in net income YoY; stock drops 14%+
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”
Ina Fried / Axios:
OpenAI debuts a free web-based tool to help determine if text was written by a machine, rated as “very unlikely”, “unlikely”, “unclear”, “possible”, or “likely”
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