Techmeme
February 11, 2023, 10:10 AM

Top News

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 …
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 …
Jonathan Greig / The Record:
The City of Oakland confirms reports of a ransomware attack on its networks but says 911, financial data, and fire and emergency resources were not impacted  —  The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
Benedict Evans:
An overview of macro tech trends, with a focus on the e-commerce slowdown, Amazon, layoffs, advertising, and generative AI opportunities beyond text and images  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  This year, ‘The New Gatekeepers’.
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 …

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Zoho:
5 common accounting mistakes  —  This is a guest post by Yaali Bizappln Solutions.  A lot of businesses manage their customers and finances on separate platforms.  This disconnect often leads to missed invoices …
Hamming:
Make AI Voice Agents trustworthy  —  Hamming AI automatically tests AI voice agents and continuously monitors them in production.
Techmeme Ride Home:
Fri. 11/22 - An LLM Siri But... Only The Year AFTER Next?
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:10 AM ET, February 11, 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.

More News

Brian Fung / CNN:
Gabrielle Coppola / Bloomberg:
Lauren Feiner / CNBC:

Earlier Picks

Tom Warren / The Verge:
SemiAnalysis: