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January 5, 2023, 9:20 PM
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| 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?
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Reuters, SiliconANGLE, Forbes, The Information, Financial Times, San Francisco Business Journal, PYMNTS.com, Insider, and Crunchbase News
Tweets: @ninadschick, @jessicalessin, @wintermoat, @eddiedonmez, @anthemos, @berber_jin1, and @tomaxwell
| 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% …
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CoinDesk, The Block, PYMNTS.com, SiliconANGLE, Watcher Guru, The Information, Reuters, CoinGape, CNBC, and Trustnodes
| Kate Clark / The Information: |
Memo: Genesis parent company DCG shut its wealth management division HQ on January 2; filing: HQ had more than $3.5B under management as of December 2022 — Digital Currency Group, the parent company of crypto broker Genesis and the publication CoinDesk, has shut down its wealth management …
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CoinDesk. Tweets: @kateclarktweets, @theinformation, @deezefi, @fejau_inc, @curvethots, @im_goomba, @amir, and @kateclarktweets
| 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 …
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NY State Attorney General, New York State Attorney General, Reuters, Washington Post, Finextra, CNBC, Gizmodo, MarketWatch, Crypto Adventure, PYMNTS.com, TechCrunch, New York Times, TechCrunch, crypto.news, Ethereum World News, Bloomberg, Engadget, CryptoPotato, and CoinGape
Mastodon: @davidgerard@circumstances.run. Tweets: @newyorkstateag, @kadhim, @peterschiff, @mkolken, @thestalwart, and @hannahdlang
| 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
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Silvergate, Seeking Alpha, The Information, Reuters, Crunchbase News, TheStreet, CoinDesk, CNBC, Blockworks, Reuters, Financial Times, Bloomberg, Watcher Guru, CryptoSlate, CoinGape, Crypto Daily, The Daily Hodl, Coinspeaker, The Guardian, Finbold, Web3 is Going Just Great, and Bloomberg
Tweets: @mikeburgersburg, @deitaone, @ryan_browne_, @johnreedstark, @emilyjnicolle, @davecbenoit, @tracyalloway, @jamesplloyd, @grdecter, @mdudas, @davidfbailey, @deitaone, @dylanleclair_, @silvermanjacob, @benlower, @arturo_p_a, @om, @twobitidiot, @mhiesboeck, @jmover, @cryptadamist, @mikulaja, @mayazi, @alwayswinning1, and @autismcapital
| Erin Woo / The Information: |
Source: Twitter laid off ~40 ad optimization data scientists and engineers, as the company targets areas that leadership considers to be failing or unimportant — Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday night in what amounted to at least …
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Fortune, Bloomberg, Gizmodo, Observer, and Adweek
Mastodon: @aaronpride@mastodon.lol. Tweets: @kyliebytes, @erinkwoo, @gergelyorosz, @willoremus, and @dorothyofisrael
| Mitchell Clark / The Verge: |
Qualcomm unveils Snapdragon Satellite, to let phones with a Gen 2 SoC and X70 modem connect to Iridium's satellites for off-grid texting, available in H2 2023 — Android phones will soon be getting a feature similar to — and perhaps even more powerful than — Apple's Emergency SOS via satellite.| 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.
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Federal Trade Commission, New York Times, The Register, Wall Street Journal, Vox, Game Developer, Washington Post, Associated Press, The Verge, Axios, GeekWire, Politico, Bloomberg, Insider, Gizmodo, The Hill, and TechCrunch
Mastodon: @DanaBlankenhorn@journa.host and @eli@hodapp.club
Tweets: @linakhanftc, @noamscheiber, @danpfeiffer, @ibd_ecarson, @agrobbonta, @linakhanftc, @ne0liberal, @superwuster, @moreperfectus, @musharbash_b, @theworthyhouse, @ewarren, @moreperfectus, @julianamkaplan, @ddayen, @brianboland, @bozitatarevic, @amierrivers, @matthewstoller, @ftc, @lydiadepillis, @axios, @julesaroscoe, @elissabeth, @bobbyfijan, @mattmday, @moiradonegan, @capitolkvd, @isforat, @lizshuler, and @jasonfurman
| 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 …
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Lenovo StoryHub, Engadget, Ars Technica, ZDNet, TechEBlog, TechRadar, Laptop Mag, OnMSFT.com, TechPowerUp, BigTechWire, Pocketnow, Liliputing, Techaeris, T3, Android Headlines, and HotHardware
Tweets: @tomwarren and @superbentendo
| 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.
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WhatsApp Blog, 9to5Mac, TechCrunch, The Verge, GitHub, WABetaInfo, Gizmodo, Daily Mail, The Independent, London Evening Standard, WhatsApp FAQ, Reuters, Ars Technica, BigTechWire, Slashdot, BBC, Sky News, Business Standard, Social Media Today, WebProNews, Daily Record, CNET, Denver 7 Colorado News, Adweek, and iPhone in Canada Blog
Tweets: @yashar, @wcathcart, @mdubowitz, @iainlevine, @shiraovide, @jsrailton, and @harrymccracken
| Stephen Totilo / Axios: |
Microsoft files a revised rebuttal to the FTC's lawsuit to block its Activision deal, backing off its claim that the FTC's structure is unconstitutional — Microsoft says it made a mistake last month when it claimed that the very structure of Federal Trade Commission, the agency trying …
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GamesIndustry.biz, Forbes, TheGamer, Kotaku, and Bloomberg
Tweets: @stephentotilo, @matthewstoller, and @senninsage
| Geoffrey A. Fowler / Washington Post: |
Twitter verified a Washington Post columnist's fake US Senator Ed Markey account, after Elon Musk said “all verified accounts will be manually authenticated” — Elon Musk said Twitter would begin authenticating users who pay $8 for Blue. Our tech columnist was still able to get a checkmark for an impostor Sen. Ed Markey.
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SlashGear
Mastodon: @willoremus@mastodon.social. Tweets: @geoffreyfowler, @senmarkey, @iansherr, @andrewbaron, @senmarkey, @geoffreyfowler, @senmarkey, @kantrowitz, @privacymatters, @metacurity, @thekenyeung, @mattnavarra, @willoremus, and @file411
| 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 …
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Bloomberg, Protos, The Block, LinkedIn, and New York Post
Tweets: @bitfinexed, @aaberwick, @anammostarac, @unusual_whales, and @teddyschleifer
| Gabrielle Fonrouge / CNBC: |
Stitch Fix plans to cut 20% of its 1,700 salaried staff as founder Katrina Lake reassumes the CEO role from Elizabeth Spaulding, who took over in August 2021 — - Stitch Fix founder Katrina Lake announced the company will be cutting 20% of its salaried workforce. — Lake will also reassume her post as CEO.
More:
Stitch Fix Newsroom, The Information, The Information, Fortune, PYMNTS.com, and TechCrunch. Tweets: @_chuckyc
| 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.
More:
Insider, Washington Post, and PC Gamer
Tweets: @mattdpearce, @sammblum, @tvaziri, @susannavogel1, and @jordannovet
| 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 … | Scott Stein / CNET: |
HTC unveils the $1,099 Vive XR Elite headset with a Qualcomm Snapdragon XR2, 110-degree field of view, and two 90HZ 2K LCD displays, available in February 2023 — The compact, depth-sensing, $1,099 headset arrives in February. Vive boss Dan O'Brien explains the strategy. — VR has suddenly gotten more expensive.
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IGN, Engadget, The Verge, CrackBerry, Destructoid, PC Gamer, MobileSyrup, VentureBeat, Forbes, Pocket-lint, Android Central, PCMag, Game Rant, Auganix.org, Road to VR, and Tech Advisor
Tweets: @mixedrealitytv, @casandchary, @lunayian, @aceofthumbs, @sabine_figaro, @nathievr, @nathievr, and @kishoderrek
| 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 …
More:
CryptoPotato and crypto.news
| 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: |
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Sony on YouTube, Forbes, Insider, Game Rant, GamingBolt, NPR, Redmond Pie, Destructoid, Gizchina, KitGuru, and GameSpot
Tweets: @playstation, @playstation, @qualcomm_eu, @hollowpoiint, @lulumeservey, and @puertorock77_
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