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Techmeme
October 16, 2023, 12:20 PM
Mediagazer memeorandum WeSmirch
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Top News

Victoria Kennedy / Eurogamer.net:
Bethesda Head of Publishing Pete Hines plans to leave after 24 years, just weeks after the release of Starfield, to begin an “exciting new chapter”  —  To begin “exciting new chapter”.  —  Bethesda exec Pete Hines has announced his retirement after 24 years at the company, just weeks after Starfield's launch.
Giulio Piovaccari / Reuters:
Ferrari begins accepting crypto payments for its cars in the US and plans to add the option for European customers in Q1 2024; Ferrari sold 13,200 cars in 2022  —  Ferrari (RACE.MI) has started to accept payment in cryptocurrency for its luxury sports cars in the U.S. and will extend the scheme …
Ash Parrish / The Verge:
Mojang announces 300M+ copies of Minecraft sold in ~15 years; Rockstar's GTA V is the second best-selling game ever after reportedly selling ~185M in ~10 years  —  Today, it adds more down to that particular feather in its cap with the announcement that it has sold a staggering 300 million copies.
Jordan Novet / CNBC:
LinkedIn plans to lay off nearly 700 staffers, mostly from its engineering teams, after cutting 716 jobs in May; source: LinkedIn is ramping up hiring in India  —  - LinkedIn is cutting almost 700 employees as revenue growth has slowed over the past two years.
AnnaMaria Andriotis / Wall Street Journal:
Sources: Goldman wants to exit consumer lending and offload its Apple partnership, possibly to Amex, which has balked at Apple Card's loss rate and other issues  —  The bank, which reports third-quarter earnings Tuesday, is fighting profit declines and flagging stock
Bloomberg:
Analysts: iPhone 15 sales in China are down compared to the iPhone 14; Counterpoint estimates a 4.5% drop after 17 days and Jefferies says Huawei outsold Apple  —  - IPhone 15 selling worse in China than its predecessor in 2022  — Sales of Apple's flagship device are down 4.5% in comparison
Karen Freifeld / Reuters:
Sources: the US plans new China chip rules to block some AI chips that fall just under the current technical parameters, expand company reporting, and more  —  The U.S. will take steps to prevent American chipmakers from selling semiconductors to China that circumvent government restrictions …
Tom Warren / The Verge:
Intel plans to launch its 14th Gen desktop CPUs on October 17, offering up to 6GHz for its flagship $589 Core i9-14900K and increased core count on the $409 i7  —  Intel is launching its 14th Gen desktop processors this week, promising boost frequencies of 6GHz out of the box for its flagship Core i9-14900K.
Kate Conger / New York Times:
Australia fined X ~$384K and warned Google after the companies did not give enough info on their efforts to fight CSAM, despite a law requiring such disclosures  —  The service formerly known as Twitter told Australian regulators that its automated detection of abusive material had declined after Elon Musk bought it.
Vicky Ge Huang / Wall Street Journal:
21.co: the US now holds 200K+ bitcoin, worth $5B+, seized from criminals and darknet markets; an IRS executive says sales are “set by the timing in our process”  —  Uncle Sam's stash of some 200,000 bitcoin was seized from cybercriminals and darknet markets
Aisha Malik / TechCrunch:
Spotify launches a dedicated in-app Merch Hub that provides personalized merch recommendations based on users' listening habits  —  Spotify is launching a dedicated in-app Merch Hub that provides personalized merch recommendations based on your listening habits, the company announced on Monday.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 12:20 PM ET, October 16, 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

Todd Spangler / Variety:
Memo: Business Insider is cutting staff by 21% to “endure extreme traffic drops outside of our control” and “exiting the majority of our Commerce business”

Chris Willman / Variety:
Taylor Swift purchases her catalog of recordings, which were initially released through Big Machine Records, from Shamrock for an undisclosed nine-figure sum

Todd Spangler / Variety:
Starz reports Q4 revenue down 6.2% YoY to $330.6M, an operating loss of $136.3M, up from $30.8M, and 13.04M streaming subscribers, up 470K from Q3

More News

Earlier Picks

Financial Times:
Gary Gensler says it's “nearly unavoidable” that AI will cause a financial crisis if many institutions rely on the same underlying base model or data aggregator
Angus Berwick / Wall Street Journal:
How Moscow-based crypto exchange Garantex became a major money laundering channel for cybercriminals and terrorist groups like the Palestinian Islamic Jihad
Mark Gurman / Bloomberg:
A look at Apple's recent executive promotions; sources: a sub-$2,500 Vision Pro won't have EyeSight and M3-based MacBook Pros could come in early or spring 2024
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