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January 31, 2024, 8:20 AM
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WeSmirchTop News
| Hannah Murphy / Financial Times: |
Ahead of the Senate hearing, Mark Zuckerberg calls for requiring Apple and Google to verify ages via app stores; Linda Yaccarino and Evan Spiegel support KOSA — Heads of Meta and X are among five social media chief executives to face Congress grilling — The chief executives of five …
More: U.S. Senate Judiciary Committee, CNN, The Verge, 9to5Mac, MIT Technology Review, NBC News, Axios, Washington Post, Livemint, Agence France-Presse, Business Insider, BBC, CNBC, The Hill, NetChoice, Associated Press, USA Today, Bloomberg, The Times, Fast Company, Engadget, and TechCrunch
Bluesky: @tylerking.bsky.social. X: @weprotect, @heritage, @netchoice, @zamaan_qureshi, @cspan, and @katebevan
| New York Times: |
Ahead of the Senate hearing, US lawmakers release 90 pages of internal Meta emails from 2021, showing how Mark Zuckerberg rejected calls to bulk up child safety — Lawmakers released internal emails detailing the company's failed efforts to add staff to focus on the online safety of minors, hours before a hearing on the topic.
More: Washington Post, Bloomberg, and 9to5Mac
| Todd Spangler / Variety: |
Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms — UMG said that its agreement with TikTok is set to expire on Jan. 31. “The companies have not agreed to terms for a new agreement …
More: UMG, Engadget, Associated Press, Independent.ie, Bloomberg, The Sun, South China Morning Post, Livemint, The Guardian, 9to5Mac, iPhone in Canada Blog, Financial Times, UPROXX, PR Newswire, Mashable, Reuters, NBC News, Cybernews.com, inews.co.uk, PhoneArena, Music Ally, TikTok, CNBC, Social Media Today, Dexerto, The Register, The Information, Music Technology Policy, Tech Xplore, The Messenger, CityAM, TechCrunch, The Hollywood Reporter, and Digital Music News
| Microsoft: |
Microsoft reports Q2 revenue up 18% YoY to $62B, net income up 33% YoY to $21.9B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 9% YoY — REDMOND, Wash. — January 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2023 …
More: Game World Observer, Game Developer, Bloomberg, SiliconANGLE, TechRadar, Yahoo Finance, TrueAchievements, WinBuzzer, CityAM, Digital Information World, Neowin, Associated Press, GeekWire, Search Engine Land, Thurrott, and Investor's Business Daily
Bluesky: @epro.social. X: @divestech, @jordannovet, @thetranscript_, @carnage4life, @jordannovet, @munster_gene, @munster_gene, @jordannovet, and @munster_gene. LinkedIn: Jack Rowbotham
| Jordan Novet / CNBC: |
More: ComputerWeekly.com, Axios, Business Today, KNSD-TV, NBC Bay Area, The Messenger, The Information, and Reuters
| Tom Warren / The Verge: |
More: Engadget, GeekWire, MSPoweruser, Game Rant, Pure Xbox, Windows Central, and Constellation Research
| Alphabet: |
Alphabet reports Q4 revenue up 13% YoY to $86B, net income up 52% to $20.7B, Google Cloud revenue up 26% to $9.2B, and headcount down 4%+; GOOG drops 5%+ — MOUNTAIN VIEW, Calif. - January 30, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2023.
More: The Verge, CNBC, Silicon Republic, Cointelegraph, NBC 7 San Diego, Business Insider, Android Headlines, Bloomberg, MBI Deep Dives, Android Central, Associated Press, Forbes, Yahoo Finance, Constellation Research, PYMNTS.com, Reuters, Thurrott, Search Engine Land, and Reuters
Threads: @crumbler. Bluesky: @epro.social. X: @traceyryniec, @munster_gene, @thetranscript_, @thetranscript_, @wanguws, @munster_gene, and @munster_gene
| Eri Sugiura / Financial Times: |
UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017 — One of the world's largest seizures revealed during trial of woman accused of laundering cryptocurrency for her former employer| Sheila Chiang / CNBC: |
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand — - Samsung on Wednesday reported a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month.
More: Samsung Newsroom, Engadget, Android Headlines, Wccftech, Yonhap News Agency, Samsung Electronics, Associated Press, SiliconANGLE, SamMobile, Business Today, ZDNet, Nikkei Asia, Sammy Fans, Bloomberg, Agence France-Presse, Wall Street Journal, Bloomberg, Reuters, NBC Bay Area, GSMArena.com, and DigiTimes
| Vitalik Buterin / Vitalik Buterin's website: |
A look at the four major categories of apps that could emerge at the intersection of crypto and AI, and the prospects and challenges of each category — Special thanks to the Worldcoin and Modulus Labs teams, Xinyuan Sun, Martin Koeppelmann and Illia Polosukhin for feedback and discussion.
More: CoinDesk, Cryptonews, Cointelegraph, Cryptopolitan, Decrypt, CryptoPotato, crypto.news, Crypto Briefing, Milk Road, and CoinGape
| Sam Kessler / CoinDesk: |
Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an “absolute cap” of a 12,000 headcount, which was 13,000 in Q3'23 — The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.| Adrienne LaFrance / The Atlantic: |
Silicon Valley's powerful companies claim to embrace Enlightenment values, but instead are leading an antidemocratic, illiberal, and authoritarian technocracy — Silicon Valley has its own ascendant political ideology. It's past time we call it what it is.
More: Axios and Politico
X: @garymarcus, @collected_mind, @deljohnsonvc, @adriennelaf, @adriennelaf, @paulmarin90, @adriennelaf, @jason_kint, @julianwaller, @yappelbaum, @theatlantic, @dlberes, @jeffjarvis, @andersen, and @moonalice
Forums: Hacker News and r/technology
| Nilay Patel / The Verge: |
Q&A with Sen. Brian Schatz on Congress' dysfunction in the tech space, regulating tech firms, the EU's DMA, AI, deepfakes, social media laws for kids, and more — Today, I'm talking with Senator Brian Schatz of Hawaii. He's been in the Senate for a little more than a decade now, and he's seen a lot in that time.
More: Bloomberg. Threads: @aaronrosspowell. Instagram: Senator Brian Schatz. X: @senbrianschatz and @ksandler1
| Tom Henderson / Insider Gaming: |
A look at Ubisoft's problems, as insiders fear further layoffs: a wild goose chase of popular fads, like NFTs, constant delays, low player numbers, and more — As industry-wide layoffs continue to plague headlines, Ubisoft, the sixth-largest video game company by employees, is at a crossroads.
More: Metro, Pure Xbox, TheGamer, Gameranx, and GamingBolt
Forums: r/gamernews, r/StarWarsOutlaws, r/Games, and r/pcgaming
| Mark Gurman / Bloomberg: |
Source: Figure, which is building a humanoid robot, is in talks to raise as much as $500M in a round led by Microsoft and OpenAI at a $1.9B pre-money valuation — - Figure AI is building a humanoid robot to perform hard jobs — Microsoft weighs leading round that could raise $500 million| Bill Toulas / BleepingComputer: |
Ransomware negotiation firm Coveware: the number of ransomware victims paying ransom demands dropped to a record low of 29% in Q4 2023, down from 85% in Q1 2019 — The number of ransomware victims paying ransom demands has dropped to a record low of 29% in the final quarter of 2023, according to ransomware negotiation firm Coveware.
More: Coveware, PCMag, Digital Information World, Axios, and TechRadar
| Ashley Belanger / Ars Technica: |
The US indicts a Chicago man who allegedly led a SIM-swap gang; members stole millions and posed as other people in Apple, T-Mobile, AT&T, and Verizon stores — Scheme allegedly targeted Apple, AT&T, Verizon, and T-Mobile stores in 13 states. — The US may have uncovered the nation's largest … | Paige Smith / Bloomberg: |
Employee letter: PayPal plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles — - CEO Alex Chriss has vowed to improve operating leverage — Latest round of cuts will affect about 9% of the workforce — PayPal Holdings Inc. will reduce …
More: PayPal Newsroom, Axios, The Information, TechSpot, Business Insider, Business Today, Payments Dive, Silicon Valley Business …, Reuters, SiliconANGLE, The Messenger, Neowin, Engadget, CNBC, Watcher Guru, PYMNTS.com, TechCrunch, and Finextra
Mastodon: @carnage4life@mas.to and @davidcelis@xoxo.zone
Forums: Blind and r/technology
| Arsheeya Bajwa / Reuters: |
AMD reports Q4 revenue down 10% YoY to $6.2B, net income up 3,076% to $667M, Data Center revenue up 38% to $2.3B, Q1 revenue forecast below est.; AMD drops 5%+ — Chipmaker Advanced Micro Devices (AMD.O) forecast first-quarter revenue below market estimates on Tuesday …
More: Tom's Hardware, AMD, Cryptopolitan, Thurrott, SiliconANGLE, Investor's Business Daily, The Information, CNBC, Barron's Online, TheStreet, Constellation Research, Benzinga, Wall Street Journal, and Bloomberg
Threads: @firstadopter. X: @iancutress, @anshelsag, @anshelsag, @iancutress, @iancutress, @ericjhonsa, and @thetranscript_
| The Information: |
Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin — When TikTok creators start a livestream to chat about their new favorite hairbrush, dog toy or cleaning product, they're usually doing so from a setup in their own home.
More: Mashable, Social Media Today, Dexerto, Tubefilter, and TechCrunch
| Reuters: |
Sources: some Chinese automakers delayed flagship model deliveries due to production issues with Huawei's MDC 810 computing unit; a source blames part shortages — Some Chinese automakers have had to delay deliveries of flagship models due to production issues with a computing unit made by tech giant Huawei …
More: Huawei Central
| Adi Robertson / The Verge: |
Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images — US lawmakers have proposed letting people sue over faked pornographic images of themselves, following the spread …
More: The Guardian, Mashable, blog.avast.com EN, NBC News, Fortune, MIT Technology Review, and MediaNama
X: @hawleymo, @senamyklobuchar, and @senatordurbin
| Mike Isaac / New York Times: |
Analysis: tech layoffs in 2024, which Layoffs.fyi estimates have totaled 25,000 across ~100 companies so far, are more strategic than the mass layoffs in 2023 — Amazon, Google, Microsoft and other tech companies have been on a layoff spree this month, with the latest cuts differing from last year's mass reductions.Sponsor Posts
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