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Techmeme
December 4, 2023, 10:25 AM
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Top News

Manish Singh / TechCrunch:
Spotify lays off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, citing slow economic growth and rising capital costs, its third cut in 2023  —  Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”
Joseph Menn / Washington Post:
Disinformation scholar Joan Donovan claims in a whistleblower filing that her superiors dismissed her after Harvard got Chan Zuckerberg Initiative's $500M gift  —  In a whistleblower complaint, she breaks her silence over events that unsettled other misinformation researchers
Peter Martin / Bloomberg:
US Commerce Secretary Gina Raimondo says her department needs more money to stop China's chip gains and calls out Nvidia for redesigning around the US' curbs  —  - US commerce secretary cites Nvidia designs as case in point  — Tells chip CEOs ‘such is life’ as US security trumps revenue
New York Times:
A deep dive into the founding of DeepMind, OpenAI, and Anthropic, as many of their backers feared the risks of advanced AI but wanted the power to shape it  —  The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it.
Paresh Dave / Wired:
Documents: OpenAI signed a letter of intent in 2019 to spend $51M on brain-inspired chips developed by startup Rain AI, in which Sam Altman had invested $1M+  —  Documents show that OpenAI signed a letter of intent to spend $51 million on brain-inspired chips developed by startup Rain.
Benjamin Stupples / Bloomberg:
After Meta jumped 172% in the year to November, Mark Zuckerberg sold 682K shares worth almost $185M via trading plans, his first share sale since November 2021  —  - Meta co-founder unloaded $185 million of stock in November  — Sales come as Meta outperforms most major US tech companies
Mark Gurman / Bloomberg:
Chase Bank could be an ideal Goldman Sachs replacement for Apple Card, as it uses the same Mastercard network and already has a strong relationship with Apple  —  Apple and Goldman Sachs are on the verge of splitting up, and Chase is the ideal partner to step in.

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From Mediagazer

Alex Sherman / CNBC:
ESPN's forthcoming standalone streaming service will cost $30 per month, or $36 per month in a bundle with Disney+'s and Hulu's ad-supported tiers

Benjamin Mullin / New York Times:
CEO Mark Thompson tells employees that CNN plans to launch a streaming service in the fall; cable subscribers will have free access to the service

Associated Press:
The WHCA says it is “disturbed” that the Trump administration barred wire service reporters from traveling with Trump on Air Force One to the Middle East

More News

Bloomberg:
Bitcoin trades above $40K for the first time since May 2022, as the digital asset extends its 2023 rebound on expectations of interest-rate cuts and ETF demand

Earlier Picks

Matt Levine / Bloomberg:
Researchers show AI misalignment in a GPT-4-based stock trading bot that performed insider trading in a simulated environment without being instructed to do so
Christopher Mims / Wall Street Journal:
The threat to Intel now comes from a whole ecosystem of companies, including nearly every tech giant, although the chip giant is still a strong competitor
Maria Sherman / Associated Press:
Kiss' three current members reveal digital avatars of themselves, created by Pophouse and George Lucas' ILM, which will tour as the rock band stops live touring
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