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January 7, 2023, 10:30 AM
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Top News

Mitchell Clark / The Verge:
Kuo: Apple canceled its fourth gen iPhone SE, in which it planned to debut its own 5G modem; the cancelation could be due to poor sales of mid-to-low-end phones  —  On Friday, Kuo wrote in a blog post that Apple had canceled production and shipment plans for the phone after his prediction …
Eric Slivka / MacRumors:
Kuo: due to development issues, Apple is “more likely” to debut its mixed-reality headset in the spring or at WWDC 2023, not January as previously predicted
Bloomberg:
Sources: the SEC and EDNY are scrutinizing transfers between DCG and the lending arm of its subsidiary Genesis; the probes have not accused DCG of wrongdoing  —  US authorities are digging into the internal financial dealings of Barry Silbert's expansive crypto empire, according to people familiar with the matter.
Reuters:
China's Ant Group says founder Jack Ma no longer controls the fintech giant after a series of shareholding adjustments that saw him give up most voting rights  —  China's Ant Group said on Saturday that its founder Jack Ma no longer controls the Chinese fintech giant after a series …
Andy Greenberg / Wired:
Mandiant: Russian cyberespionage group Turla piggybacked on other hackers' decade-old malware that spread via USB drives to stealthily access victim networks  —  The infamous, FSB-connected Turla group took over other hackers' servers, exploiting their USB drive malware for targeted espionage.
Parmy Olson / Bloomberg:
Irish DPC's €390M Meta fine, issued at the behest of the European Data Protection Board, fits with the EU's plan to crack down on Big Tech in the next two years  —  Meta Platforms Inc. is used to batting away the occasional fine from European regulators as a cost of doing business.
Wired:
Some Twitter staff in the US and other countries laid off by Elon Musk in November say they have not received information about the severance they were promised  —  Staff laid off by Elon Musk were assured they would be compensated following mass cuts.  As the deadline passes, the silence has been deafening.
Jennifer Maas / Variety:
Roku reports ending 2022 with more than 70M accounts globally, up 16.5% from the end of 2021, and says streaming hours grew 19% YoY to 87.4B in 2022  —  The customer total was up 16.5% from the end of 2021, when Roku totaled 60.1 million global accounts.  —  Per Roku, streaming hours reached …
Sam Sutton / Politico:
The SEC is working on a rule, which could be finalized this quarter, to make it easier for investors to sue VCs for bad behavior, negligence, and recklessness  —  After being battered by rising interest rates and choppy markets, the venture capital industry is sweating new regulations that could expose fund managers to legal risks.
Cheyenne Ligon / CoinDesk:
An Ohio man pleads guilty to stealing 712+ bitcoins seized by the IRS in a case against his brother, who was convicted of running money laundering service Helix  —  Gary Harmon, brother of Helix CEO Larry Harmon, stole his brother's forfeited crypto right out from under the IRS's nose, and spent it extravagantly.
Thomas Brewster / Forbes:
Researchers: cybercriminals have started using ChatGPT to create hacking tools and AI-generated malware code, and are testing the tool for dating scam chatbots  —  Users of underground forums start sharing malware coded by OpenAI's viral sensation and dating scammers are planning on creating convincing fake girls with the tool.

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This is a Techmeme archive page. It shows how the site appeared at 10:30 AM ET, January 7, 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

Mandy Dalugdug / Music Business Worldwide:
UMG, ABKCO, and Concord sue Believe and its subsidiary TuneCore for $500M+, alleging Believe built its business via “industrial-scale copyright infringement”

Christopher Palmeri / Bloomberg:
Sources: Shari Redstone does not plan to stay on the board of Paramount Global after the company completes its planned merger with Skydance Media

William Earl / Variety:
Heretic's directors say they put a message in the credits that “no generative AI was used in the making of this film” to warn Hollywood about the danger of AI

More News

Carly Page / TechCrunch:
Rackspace plans to discontinue its Exchange service after confirming hackers accessed 27 customers' personal data during the December 2022 ransomware attack

Earlier Picks

Reuters:
Huobi plans to lay off ~20% of its 1,100 staff, citing the “bear market”; CoinGecko: Huobi was the eighth largest crypto exchange by volume in November 2022
CNBC:
Samsung estimates that its Q4 operating profit fell by 69% YoY to ~$3.37B, an eight-year low, citing a greater-than-expected decline in memory chip demand
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