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January 10, 2024, 8:15 PM
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Reuters:
The US SEC approves spot bitcoin ETFs from BlackRock, Grayscale, ARK 21Shares, Bitwise, WisdomTree, Fidelity, VanEck, Invesco, Valkyrie, Hashdex, and Franklin  —  The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale …
Jesse Hamilton / CoinDesk:
US SEC Chair Gary Gensler concedes that losing in court after rejecting Grayscale's spot bitcoin ETF left the agency with little choice but to approve such ETFs  —  The SEC chair said a court forced his hand and that the agency's decision to greenlight a spot bitcoin ETF doesn't signal support of that or any other digital asset.
Rachel Metz / Bloomberg:
OpenAI debuts a GPT Store for paid users to share and find custom chatbots and plans to start sharing revenue in Q1; users have already made 3M+ chatbots so far  —  The store will feature a bot leaderboard, and will eventually introduce payments.  —  OpenAI has launched an online store …
Kyle Wiggers / TechCrunch:
OpenAI launches ChatGPT Team, a new subscription plan for teams of up to 149 people, for $30 per user per month, or $25 per user per month billed annually  —  OpenAI is launching a new subscription plan for ChatGPT, its viral AI-powered chatbot, aimed at smaller, self-service-oriented teams.
The Verge:
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or ~35% of its staff, and says its workforce was oversized for its business' size, 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:
Memo: Amazon Studios SVP Mike Hopkins says the company would cut “several hundred roles” 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.
Ivan Mehta / TechCrunch:
X quietly removes the ability for paying subscribers to set an NFT as a profile picture, a feature Twitter launched in January 2022 for Twitter Blue subscribers  —  On Tuesday, Elon Musk's X wrote about a grand vision for the company in 2024, which includes launching peer-to-peer payments and more AI-powered tools.
Kat Bailey / IGN:
Valve plans to add an “AI disclosure section” to Steam, asking developers to describe how their games use AI content and to let gamers report illegal AI content  —  New survey update will ask developers to disclose how their games use generative AI.
New York Times:
How RISC-V, the US-developed, open-source chip instruction set architecture, became a central tool for Chinese companies and governments, leading to US concerns  —  A U.S.-born chip technology called RISC-V has become critical to China's ambitions.  Washington is debating whether and how to limit the technology.
Threads: @sung.kim.mw.  X: @anaswanson, @bgurley, @basche42, @donal888, and @om.  Forums: Slashdot
Maria Sherman / Associated Press:
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% YoY; Taylor Swift accounted for one in every 78 US streams  —  Listened to more music last year?  You're not alone.  —  The global music industry surpassed 4 trillion streams in 2023 …
Sam Kim / Bloomberg:
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY  —  - Recovery among chip makers may be uneven as demand returns  —  Global chip sales rose for the first time in more than a year …
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 …
Karen Gilchrist / CNBC:
With ~50% of adults set to vote in 2024, the WEF's Global Risks Report 2024 ranks AI misinformation 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.
Sarah Wynn / The Block:
The US SEC is working with the FBI to investigate the false X post on January 9 about approving spot bitcoin ETFs; the agency approved 11 of them on January 10  —  - The SEC spokesperson said the agency will provide updates as appropriate and said any agency action on exchange rule filings will be posted on the agency's website.
CNBC:
X confirms the @SECGov account was compromised, adding that “the compromise was not due to any breach of X's systems” and the account didn't have 2FA enabled

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From Mediagazer

Bill Donahue / Billboard:
Drake launches legal action against UMG and Spotify for allegedly using bots, payola, and more to inflate Kendrick Lamar's Not Like Us, a track attacking Drake

Mark Kleinman / Sky News:
Sources: CVC Capital Partners and a major European broadcaster, thought to be France's Groupe TF1, are among those considering a takeover of the UK's ITV

Joe Flint / Wall Street Journal:
Sources: NBC's new deal with Macy's to keep the Thanksgiving Day Parade on NBC and Peacock has an average annual fee of $60M+, up from ~$20M in the current deal

More News

Jason Koebler / 404 Media:
An investigation finds over 1,600 YouTube videos featuring celebrity deepfakes promoting Medicaid and Medicare scams; the videos have over 195M views in total

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