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January 4, 2023, 9:35 AM
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Top News

Aaron Holmes / The Information:
Sources: Microsoft plans to release a version of Bing that uses OpenAI's ChatGPT tech to answer some search queries, possibly launching as soon as Q1 2023  —  Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions.
CoinDesk:
A judge sets SBF's trial for October 2023, allows redacting his bond signers' names for now, and amends his bail terms to prohibit him from accessing FTX funds  —  The presiding judge in the case set a target date for the trial to begin in early October.  —  Join the most important conversation …
Tom Warren / BuzzFeed News:
Sam Bankman-Fried pleads not guilty to all eight criminal charges, including wire fraud and money laundering; if convicted, he faces up to 115 years in prison
Kate Conger / New York Times:
Twitter plans to relax its longstanding ban on cause-based ads in the US and will expand the political advertising the company permits in the coming weeks  —  Elon Musk's social media service said it would begin to permit cause-based advertising to “facilitate public conversation around important topics.”
New York Times:
Coinbase reaches a $100M settlement with New York regulators over violating anti-money-laundering laws, comprising a $50M fine and $50M to boost compliance  —  The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Chris Welch / The Verge:
A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, improvements to The Frame, and software and AI updates  —  Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.
The Verge:
What to expect at CES 2023: advanced driver assistance, iterative TV improvements, Matter-compatible smart home devices, laptops, monitors, hearables, and more
Axios:
Sources: crypto payments startup Wyre told staff that it is shutting down; Bolt planned to acquire Wyre for ~$1.5B but canceled the deal in September 2022  —  Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs, Axios has learned.
Paul Kiernan / Wall Street Journal:
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”  —  Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices  —  Crypto's Crash Has Been Swift but Largely Self-Contained.
Nivedita Balu / Reuters:
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring  —  Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …
Casey Newton / Platformer:
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of HR Business Partner Katie Marcotte both resign; Marcotte was at Twitter for 10 years  —  ByteDance thought it had a deal with the government in August.  Then came the bans — and a spying scandal
Bloomberg:
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers  —  China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
Filipe Espósito / 9to5Mac:
The Wireless Power Consortium and Apple are working on a next-generation “Qi2” wireless charging standard based on MagSafe, set to arrive by the end of 2023  —  Apple's Magsafe is a more convenient way to charge the iPhone using accessories based on the Qi standard …
Zachariah Kelly / Gizmodo Australia:
Twitter appears to be resolving an issue in Australia and New Zealand that caused the service to go down for 12+ hours, starting around 6:40am AEST on January 4  —  It seems to be every day now that we're writing a story on Twitter, and today's no exception.
Shaurya Malwa / CoinDesk:
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline  —  The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
Matt Levine / Bloomberg:
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences  —  Mango  —  So here's a trade.  — You open two accounts on a commodity futures exchange, Account A and Account B.
Eliza Gkritsi / CoinDesk:
Bitcoin miner Core Scientific plans to shut down mining rigs tied to Celsius Mining, its largest client with 37K+ machines, as both companies undergo bankruptcy  —  The two firms have been engaged in litigation over a 2020 hosting contract, which Core Scientific says is costing it $2 million in revenue per month.
Chris Welch / The Verge:
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and Roku Plus, ranging from 24-inches for $119 to 75-inches for $999  —  Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
Megha Mandavia / Wall Street Journal:
A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance  —  American tech firms will face hard choices in India this year  —  The standoff between India and U.S. tech giants will intensify …

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This is a Techmeme archive page. It shows how the site appeared at 9:35 AM ET, January 4, 2023.

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.

From Mediagazer

Liam Scott / Voice of America:
Reporters Without Borders sues X in France for “complicity in disseminating false information”, after X failed to block a fake video with RSF's logo

Benjamin Mullin / New York Times:
The Onion, backed by some Sandy Hook families and Everytown for Gun Safety, buys Infowars in a bankruptcy auction, and plans a January 2025 relaunch as a parody

Matthew Keys / The Desk:
Disney said Disney+ Q4 ARPU in the US and Canada, down 1% QoQ to $7.70, was affected partly by new wholesale arrangements with some distributors

More News

Lulu Yilun Chen / Bloomberg:
Chinese regulators approve Ant Group's plan to raise ~$1.5B for its consumer unit, signaling progress in the government-ordered overhaul of the fintech firm

Earlier Picks

Sarah E. Needleman / Wall Street Journal:
The Communications Workers of America says that ~300 quality-assurance testers in Microsoft's ZeniMax unit voted to form a union, Microsoft's first in the US
Patrick McGee / Financial Times:
Apple's market cap sinks below $2T, as its stock closes down 3.74% to $125.07, a year after becoming the first and only public company to hit a $3T market cap
Chris Rosato / WVUE-TV:
Under a new Louisiana law, visitors to websites that contain 33.3% or more pornographic material must verify their age, including by using LA Wallet
Hartley Charlton / MacRumors:
A report details Apple's AR/VR headset: a ~$3,000 price tag, Sony Micro OLED displays, manufacturer Pegatron assembled thousands of prototypes in 2022, and more
Tim Bradshaw / Financial Times:
Shopify president says Shopify's Audiences tool, which uploads customer data to Meta and Google's ad platforms, is a key focus amid Apple's privacy crackdown
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