Techmeme
January 5, 2023, 5:15 PM

Top News

Wall Street Journal:
Sources: crypto lender Genesis Global laid off 30% of its staff, after cutting 20% of its 260 workforce in 2022, and is considering filing for bankruptcy  —  Firm suffered steep losses from loans it supplied to Alameda, Three Arrows  —  Massive crypto lender Genesis Global Trading Inc. laid off 30% …
Wall Street Journal:
New York AG Letitia James files a civil lawsuit against Celsius co-founder Alex Mashinsky, alleging he defrauded investors out of billions via false statements  —  Alex Mashinsky made false statements to investors about the crypto lender, lawsuit alleges  —  New York Attorney General Letitia …
Leyland Cecco / The Guardian:
Apple quietly launches a catalog of books narrated by AI on its Books app, in a move that publishers, authors, and agents warn may upend the audiobook market  —  Exclusive: tech firm quietly launches new audiobook catalogue narrated by AI - but move expected to spark backlash
Wall Street Journal:
Sources: OpenAI is in talks to raise $300M+ from Thrive and Founders Fund in a tender offer, valuing the company at ~$29B, up from $14B in its 2021 tender offer  —  Tender offer at that valuation would make OpenAI one of the most valuable U.S. startups  —  Cheating With ChatGPT: Can an AI Chatbot Pass AP Lit?
David Benoit / Wall Street Journal:
US bank Silvergate, which caters to crypto, reports liquidating debt to cover $8.1B withdrawals as FTX collapsed and laying off 40% of its staff; SI falls 40%+  —  Bank sold assets at a loss to cover withdrawals and cut 40% of its staff but remains committed to crypto
Jules Roscoe / VICE:
The FTC proposes a rule banning non-compete clauses, saying the contracts harm healthy competition in the labor and product markets and block entrepreneurship  —  The agency stated that noncompete clauses are bad for both the labor market and innovation.  The proposed rule would make them illegal.
Angus Berwick / Reuters:
Source: FTX's former top lawyer Daniel Friedberg cooperated with US prosecutors, telling them on November 22 what he knew about SBF misusing customer funds  —  FTX's former top lawyer Daniel Friedberg has cooperated with U.S. prosecutors as they investigate the crypto firm's collapse …
Matt Burgess / Wired:
WhatsApp launches proxy support globally, letting users with blocked or disrupted connections use the app via servers set up by volunteers and organizations  —  Amid internet shutdowns in Iran, the encrypted messaging app is introducing proxy connections that can help people get online.
Antonio G. Di Benedetto / The Verge:
Lenovo unveils the Yoga Book 9i, a laptop with two 13.3" OLED displays, available in June 2023 for $2,100+ with a 13th Gen Intel Core i7-U15 and 16GB of RAM  —  Dual monitor setups are great and all, but how about dual screens in a strangely tall laptop?  Lenovo is here to answer that …
Jessica Conditt / Engadget:
Sony unveils Project Leonardo, a PS5 accessibility controller kit with circular gamepads, for use on its own or with DualSense; pricing and release are TBC  —  Sony is building a better PlayStation 5 controller with Project Leonardo, a kit that promises to make games easier to play for people with limited motor control.
Mitchell Clark / The Verge:
Lawrence Abrams / BleepingComputer:
A hacker leaks a dataset allegedly containing the email addresses of 200M+ Twitter users, claimed to be a cleaner version of the 400M dataset from December 2022  —  A data leak described as containing email addresses for over 200 million Twitter users has been published on a popular hacker forum for about $2.
Wall Street Journal:
Kif Leswing / CNBC:
California's pay transparency law, which requires employers to share salary ranges on job listings, went into effect this week, revealing some Big Tech salaries  —  - A new law that went into effect this week requires most California employers to disclose salaries on job listings.
Levi Winslow / Kotaku:
After YouTuber Coffeezilla reported on Logan Paul's apparently sham NFT game CryptoZoo, Paul says his only mistake was trusting the project's many “bad actors”  —  Blockchain investigator Stephen ‘Coffeezilla’ Findeisen may see Paul in court  —  After keeping his mouth shut …
Ben Schoon / 9to5Google:
Google says Android TV OS, the underlying platform for Google TV and Android TV, now has 150M monthly active devices, up 36%+ YoY  —  At CES 2023 this week Google is sharing an update on how many devices are now using Google TV and Android TV, with 150 million devices in the hands of users.
Bloomberg:
Alibaba, Tencent, and other Chinese tech giants have struck a truce with the government, accepting lower growth and more controls as China eases its crackdown  —  In China, 2022 was the year Big Tech changed.  Succumbing to a government crackdown and a pandemic that refused to go away …

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Earlier Picks

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Wall Street Journal: