Techmeme
January 10, 2024, 11:40 AM

Top News

CoinDesk:
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs  —  The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
CNBC:
X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X's systems” and that the account didn't have 2FA enabled  —  - X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities …
The Verge:
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or 35% of its staff, and says the workforce was oversized for its current position, after March 2023 cuts  —  Twitch is laying off more than 500 employees, or around 35 percent of its staff, Twitch CEO Dan Clancy announced this morning.
Alex Weprin / The Hollywood Reporter:
Internal memo: Amazon Studios SVP Mike Hopkins says “several hundred roles” are being cut in its Prime Video and MGM Studios units; both had cuts in early 2023  —  Division leader Mike Hopkins said “we've identified opportunities to reduce or discontinue investments in certain areas” in a memo to staff on Wednesday.
Kat Bailey / IGN:
Alex Heath / The Verge:
Source: Humane laid off 10 staff, or 4% of its workforce, to cut costs and plans to lower budgets in 2024, as the company reshuffles some executive positions  —  Humane laid off 4 percent of employees this week in a move that was described as a cost cutting measure to those who were impacted …
Jordan Novet / CNBC:
HPE plans to acquire networking gear maker Juniper Networks for about $14B, or $40 per share, in an all-cash deal; JNPR jumps 21%+  —  - HPE is acquiring Juniper Networks for about $14 billion in cash, the companies said Tuesday.  — Juniper shares had their best day in 20 years …
Gene Maddaus / Variety:
SAG-AFTRA signs a deal with AI voiceover company Replica Studios, requiring consent to create voice replicas for use in video games and safe storage of assets  —  The union announced the deal with Replica Studios on Tuesday at CES in Las Vegas.  Duncan Crabtree-Ireland, the union's executive director …
Manish Singh / TechCrunch:
Apple pulls Binance, Kraken, Mexc, KuCoin, and four other crypto exchanges from the App Store in India, after they were flagged for operating “illegally”  —  Apple has pulled apps of at least nine crypto exchanges including Binance and Kraken from its App Store in India …
Karen Gilchrist / CNBC:
With half of the world's adults set to vote in 2024, the WEF's Global Risks Report 2024 ranks AI mis- and disinformation ahead of war, climate change, and more  —  - Concern over the impact of artificial intelligence in disrupting election outcomes has topped the list of the biggest risks for 2024, according to a new report.
Julian Chokkattu / Wired:
Startup Rabbit debuts the R1, a $199 handheld AI device meant to be a virtual assistant to complete tasks without a smartphone, shipping in late March 2024  —  The startup has developed a virtual assistant that learns whatever digital errands you teach it.  The interface is extra cute …
New York Times:
Sources: as US-China tensions rise, Microsoft debates what to do with its prized 800-person Beijing research lab, opened in 1998; Microsoft has added guardrails  —  Amid U.S.-China tensions, the company has faced questions over whether operating an advanced research lab in Beijing is politically tenable.
More: MSPoweruser
Bloomberg:
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time  —  - Saudi Arabia dominates tech scene with 52% share of funding  — Overall regional funding drops 23% amid shifting landscape
Siddharth Cavale / Reuters:
At CES 2024, Walmart unveils a generative AI search tool and says it is developing a tool to help InHome users quickly add commonly ordered items to their carts  —  Walmart (WMT.N) on Tuesday unveiled two new AI-powered tools at the CES conference in Las Vegas to help shoppers quickly search …
Sheila Chiang / CNBC:
Meituan's market cap fell ~60% from ~$138.2B to ~$56.4B since the start of 2023, weighed down by rising competition and a slowdown in its food delivery business  —  - Chinese food delivery giant Meituan lost about $82 billion in market cap in 2023 from its yearly high, according to CNBC calculations.

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Earlier Picks

Alex Weprin / The Hollywood Reporter:
Maxwell Zeff / Gizmodo:
Adam D'Angelo / Quora:
Nelson Aguilar / CNET: