Techmeme
October 12, 2022, 1:40 AM

Top News

Adi Robertson / The Verge:
Meta unveils the $1,499 Quest Pro headset, offering eye and face tracking and color passthrough video for mixed reality, shipping on October 25 in 22 countries  —  Meta has finally announced the Meta Quest Pro: a $1,499 virtual reality headset it's been teasing for the past year.
Adi Robertson / The Verge:
Hands-on with Meta Quest Pro: feels like a sophisticated development kit with a thoughtful design, improved controllers, one to two hours of battery, and more  —  Meta's new high-end headset introduces eye tracking and mixed reality for $1,499 … The first thing I notice with the Meta Quest Pro is the fit.
Tom Warren / The Verge:
Meta partners with Microsoft to bring Teams, Office, Windows 365, and Xbox Cloud Gaming to Quest VR headsets in the coming months; Teams will use Meta's avatars  —  Microsoft and Meta looked like they were on a collision course last year, poised to compete heavily for the future of work in the metaverse.
Sam Kessler / CoinDesk:
Mango Markets, a DeFi platform on Solana, says a hacker stole some of its funds “via an oracle price manipulation”; blockchain auditor OtterSec estimates $100M+  —  Mango's MNGO token was down over 40% after suffering from the latest massive decentralized finance exploit.
Meta on YouTube:
A video of Meta's Connect 2022 keynote, showcasing the Quest Pro mixed reality headset, plans for the metaverse, new partnerships, and more  —  See how we're building the future of the metaverse together, and catch the latest updates, announcements and key moments from Connect 2022.Pre-order Meta Que...
Darrell Etherington / TechCrunch:
Bloomberg:
Sources: Intel is planning major job cuts, likely in the thousands, close to October 27; some divisions, including sales and marketing, could see ~20% cuts  —  Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope …
Matt Robinson / Bloomberg:
Source: the US SEC is investigating whether Yuga Labs, the creator of Bored Ape Yacht Club NFTs, violated securities laws by selling its NFTs and ApeCoins  —  The US Securities and Exchange Commission is investigating Yuga Labs Inc., the creator of the popular Bored Ape Yacht Club collection of NFTs …
Chance Miller / 9to5Mac:
Kuo predicts that, in the next three to five years, Apple may be able to supply the US market, or ~25% of global shipments, from assembly sites outside of China  —  Apple analyst Ming-Chi Kuo is out today with some new predictions on how Apple can continue to reduce its reliance on China.
Jay Peters / The Verge:
Meta announces Horizon Worlds avatars are getting legs using an AI model to predict the body's position, an avatar store, avatars are coming to Reels, and more  —  Meta's Horizon avatars will be getting legs.  So far, the company's avatars have weirdly just hovered off the ground …
Mary Ann Azevedo / TechCrunch:
Brex, valued at $12.3B in January 2022, lays off 136, or 11% of its staff, as part of a restructuring, and its CFO departs to join HR software startup Rippling  —  The startup's CFO is departing to join Rippling, which recently entered the spend management space
The Verge:
Q&A with Mark Zuckerberg on the Quest Pro, mixed reality, the Microsoft partnership, metaverse plans, TikTok, BeReal, the Discovery Engine approach, and more  —  A year after rebranding Facebook to Meta, Mark Zuckerberg is still all in on building the metaverse
Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  - Bittrex is facing record fines from the U.S. Treasury Department over the exchange's lack of sanctions controls between 2014 and 2017.
Noam Scheiber / New York Times:
The Department of Labor proposes a rule that would make it harder for companies to classify US workers as independent contractors; Uber and Lyft drop 5%+  —  A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.
Jordan Novet / CNBC:
Google partners with Coinbase to let some customers pay for cloud services using crypto, starting in 2023; Coinbase will move some apps from AWS to Google Cloud  —  - Google will start allowing a subset of customers to pay for cloud services with digital currencies early next year.
Justin Baer / Wall Street Journal:
New York grants BNY Mellon, the US' oldest bank, permission to receive some customers' BTC and ETH; BNY will store keys, offer bookkeeping services, and more  —  Founded by Alexander Hamilton, BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments
Huw Jones / Reuters:
The Financial Stability Board publishes nine crypto regulation proposals for public consultation until December 15, planning to finalize suggestions by mid-2023  —  Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday …
Sara Fischer / Axios:
Over a dozen job openings hint TikTok plans to open fulfillment centers in the US as the company looks to build an “international e-commerce fulfillment system”  —  TikTok is planning to build its own product fulfillment centers in the U.S., creating an e-commerce supply chain system …
Hannah Miller / Bloomberg:
PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry's lowest level in more than a year  —  Crypto startups are suffering from this year's mass selloff of digital currencies.  Venture capital investment in the industry sank to its lowest level …
More: PYMNTS.com

Sponsor Posts

Meta:
Open Source AI: Available to all, not just the few  —  Meta's open source AI enables small businesses, start-ups, students, researchers and more to download and build with our models at no cost.
Zoho:
The crossroads of AI and SaaS  —  Enabling businesses of all sizes to build products in-house and disqualifying SaaS tools that are not AI-powered.  In a span of just two years, AI has made a name for itself as the key driver for innovation.
Genesys:
Executive Insights: The Era of Contact Center AI Copilots  —  How AI copilots are transforming customer experience and agent performance.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Techmeme Ride Home:
Fri. 12/20 - Gemini Flash Thinking
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 1:40 AM ET, October 12, 2022.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Cameron Faulkner / The Verge:
Lucas Matney / TechCrunch:
Tom Warren / The Verge:
Nathan Ingraham / Engadget:

Earlier Picks

Ingrid Lunden / TechCrunch:
Washington Post: