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January 10, 2024, 10:05 PM
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Top News

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.
Joe Rossignol / MacRumors:
The US ITC files its opposition to Apple's motion for the Watch Series 9 and Watch Ultra 2 sales ban to remain paused for the duration of the company's appeal  —  The U.S. International Trade Commission (ITC) today formally opposed Apple's motion for the Apple Watch sales ban to remain paused for the duration of Apple's appeal.
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.
More: New.blicio.us.  Threads: @sung.kim.mw.  X: @anaswanson, @bgurley, @basche42, @donal888, and @om.  Forums: Slashdot
Todd Spangler / Variety:
Netflix says its ad tier has 23M+ MAUs globally, up from 15M+ in November 2023, and 85% of customers on the ad tier are streaming for over 2 hours per day  —  Netflix is seeing strong growth of its advertising-based plan, having recently eclipsed 23 million global monthly active users, president of advertising Amy Reinhard said.
Bloomberg:
Sources: OpenAI is in talks with CNN and Fox Corp. to license their text, video, and image content; Time “is in discussions with OpenAI” about a content deal  —  - Startup has said it's in discussions with dozens of publishers  — Negotiations come as OpenAI faces New York Times lawsuit
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 …
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.
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 …

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From Mediagazer

Scott Feinberg / The Hollywood Reporter:
The Academy releases new rules for the 98th Oscars in 2026, including making it tougher to vote in a category without watching all the nominees in the category

Max Tani / Semafor:
Source: Truth Social dropped Nexstar from a defamation lawsuit after Nexstar agreed to fire a breaking news reporter at The Hill; Nexstar denies the accusation

New York Times:
Sources: as labor costs rose after two strikes, producers of reality shows, indie films, and blockbusters increasingly shot overseas, hurting Hollywood workers

More News

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

Earlier Picks

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
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
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