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Techmeme
February 10, 2023, 10:40 PM
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Top News

Bloomberg:
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York  —  PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
Kevin McLaughlin / The Information:
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees  —  In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
Dina Bass / Bloomberg:
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the third goggles version  —  Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices …
Brian Fung / CNN:
Some under-resourced academic and civil-society researchers say a Twitter API paywall would jeopardize studies of influence campaigns and platform manipulation  —  For years, Twitter, like other social media platforms, has freely given its platform data to independent researchers …
Mark Spoonauer / Tom's Guide:
Samsung Galaxy S23 Ultra review: powerful 200MP camera, awesome display, excellent battery life, and fast processor, but expensive and no charging speed upgrade  —  The Galaxy S23 Ultra packs a stunning 200MP camera along with very fast performance and much longer battery life
Financial Times:
Sources: China Telecom and China Mobile withdrew their ~20% investment in an Asia-Europe subsea cable project after US firm SubCom was chosen to build the line  —  Telecoms groups withdrew investment in Sea-Me-We 6, which will transmit data between Asia and western Europe
Chris Stokel-Walker / Fast Company:
Former staff say Twitter needs to update its systems to enact Elon Musk's asks, but the mass layoffs have brought code freezes and vast concurrent code changes  —  Twitter's outage on Wednesday, which saw the site rendered unusable for most users by blocking people from tweeting within the app …
Gabrielle Coppola / Bloomberg:
A look at Otonomo and Wejo, two struggling startups trying to monetize connected car data; Otonomo plans to merge with roadside assistance tech startup Urgently  —  Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right …
Chloe Xiang / VICE:
Researchers: some Reddit usernames and other keywords cause ChatGPT to give bizarre responses, likely due to the web data OpenAI scraped to train its model  —  Reddit usernames like ‘SolidGoldMagikarp’ are somehow causing the chatbot to give bizarre responses.  —  Chloe Xiang

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This is a Techmeme archive page. It shows how the site appeared at 10:40 PM ET, February 10, 2023.

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From Mediagazer

Alex Sherman / CNBC:
Analyzing Comcast's spinoff of cable networks, purposefully structured with low debt: the move might be a signal to the industry that it's time to consolidate

Daniel Thomas / Financial Times:
James Harding says the Tortoise-Observer deal could create a profitable media group and there isn't a guaranteed future for the Observer with the Guardian

Charlie Savage / New York Times:
Trump says Republicans must kill the PRESS Act, which would protect journalists' records and sources from the US government; the bill is stalled in the Senate

More News

Lauren Feiner / CNBC:
Lyft's stock closed down 36.4% after the company forecast $975M Q1 revenue vs. $1.09B est.; Lyft CFO blamed “seasonality and lower prices” for the weak guidance
Tom Warren / The Verge:
Sources: Microsoft plans to demo the integration of OpenAI's language tech and the Prometheus model into Word, Outlook, and other Office apps, in March 2023
Michael Wayland / CNBC:
GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chipmaker's New York facility for the automaker's key suppliers

Earlier Picks

Rohan Goswami / CNBC:
SEC commissioner Hester Peirce calls her agency's Kraken action “paternalistic and lazy”, questioning if closing the staking program was a “win for investors”
SemiAnalysis:
A look at the economics of Microsoft and Google inserting LLMs into search, crushing profitability and requiring massive capex, and the impact on the companies
Maria Deutscher / SiliconANGLE:
Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work
Alexander Martin / The Record:
The US and the UK sanction seven people based in Russia, with likely FSB ties, connected to the Conti and Ryuk ransomware gangs and the Trickbot banking trojan
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