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January 10, 2023, 4:35 PM
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Top News

Kate Rooney / CNBC:
Coinbase plans to cut ~950 jobs, or ~20% of its workforce, aiming to reduce its operating expenses by 25% QoQ in Q1 2023, after laying off 18% in June 2022  —  - Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed …
Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Semafor:
Sources: Microsoft is in talks to invest $10B in OpenAI at a $29B valuation, taking 75% of OpenAI's profits until the investment is recouped and then owning 49%  —  Microsoft has been in talks to invest $10 billion into the owner of ChatGPT, the wildly popular app that has thrilled casual users …
Benj Edwards / Ars Technica:
Microsoft unveils VALL-E, a text-to-speech AI model trained on 60K hours of English speech that can simulate a person's voice from three seconds of sample audio  —  Text-to-speech model can preserve speaker's emotional tone and acoustic environment.  —  On Thursday, Microsoft researchers announced …
Zac Bowden / Windows Central:
Sources: Microsoft ditched a dual-screen design for the Surface Duo 3 and pivoted to a foldable screen design with 180-degree hinge and external cover display  —  Microsoft's next foldable phone will have an internal foldable display.  —  What you need to know
Chance Miller / 9to5Mac:
Apple SVP of Services Eddy Cue says App Store developers have made $320B+ since 2008 and lists 900M paid subscriptions, 200+ Arcade games, 70B Shazams, and more  —  Eddy Cue, Apple's senior vice president of services, has penned an open letter celebrating what he calls a “groundbreaking year for entertainment.”
Javier Paz / Forbes:
A breakdown of Binance's assets, according to Nansen, Glassnode, Defillama, and Arkham data, estimates the exchange has ~$50B left, down 24% from November 2022  —  The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
Sarah Perez / TechCrunch:
Amazon plans to open Buy with Prime to all US merchants on January 31, letting them offer Prime benefits like free shipping and returns on their own apps  —  Amazon announced this morning it's expanding its Buy with Prime service to U.S.-based merchants by the end of the month.
Bob Van Voris / Bloomberg:
A New York judge sentences Nikhil Wahi, a brother of Coinbase PM Ishan Wahi, to 10 months for a scheme to trade on insider info on the timing of new listings  —  The brother of a former Coinbase Global Inc. product manager was sentenced to 10 months behind bars for his role in a scheme …
Bloomberg:
Sources: former FTX engineering chief Nishad Singh, who has not been accused of wrongdoing, met with US federal prosecutors last week to seek a cooperation deal  —  Former FTX engineering chief Nishad Singh met with federal prosecutors in a bid to become the third member of Sam Bankman-Fried's inner circle …
Taylor Hatmaker / TechCrunch:
Meta plans to further limit ad targeting users under 18 in February 2023, including removing the options to target teens based on gender and in-app activity  —  Meta is making some changes to how its apps handle advertising and young users.  Under the new rules, advertisers on Instagram …
Paul Alcorn / Tom's Hardware:
Intel debuts Sapphire Rapids fourth-gen Xeon CPUs, 52 models from $415 to $17,000 with up to 60 cores and PCIe 5.0 and DDR5 support, to rival AMD's EPYC Genoa  —  Intel pushes up to 60 cores.  —  Image 1 of 4  —  Intel formally launched its fourth-gen Xeon Scalable Sapphire Rapids CPUs …
Financial Times:
Meta contractor Sama plans to cut ~200 staff and close its east African content moderation hub in March 2023; Meta plans to keep 1,500 Sama staff to label data  —  Staff at Nairobi office were moderating graphic and harmful material  —  Meta's east African content moderation hub is shutting …
Kyle Wiggers / TechCrunch:
Microsoft acquires Fungible, which makes data processing units for data centers and has raised over $300M; reports from December say the deal is worth ~$190M  —  In December, reports suggested that Microsoft had acquired Fungible, a startup fabricating a type of data center hardware known …
Cecilia Kang / New York Times:
Common Sense Media survey of 1,358 US teenagers: 75% report having viewed porn online by 17, including 41% seeing images of nudity or sexual acts during school  —  Sexually explicit content has become so prevalent online that teenagers are deluged, according to a new report by a nonprofit child advocacy group.
Jacquelyn Melinek / TechCrunch:
The Easy Company raised a $14.2M seed and launches a “social” crypto wallet in beta with an “Instagram-like experience” for viewing NFTs  —  The Easy Company has raised $14.2 million in a seed round and launched its “social” crypto wallet to help onboard more mainstream audiences …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:35 PM ET, January 10, 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

Caitlin Huston / The Hollywood Reporter:
Internal memo: Hearst Magazines president announces layoffs as part of a decision to “reallocate resources” to “continue our focus on digital innovation”

Lachlan Cartwright / The Ankler:
Sources: MSNBC renewed Rachel Maddow's contract early this fall, but with a pay cut; MSNBC bosses' plan to shake up daytime and weekend programming

Jon Brodkin / Ars Technica:
FCC Chairwoman Jessica Rosenworcel announced she will leave the agency on January 20; she was the first woman to be confirmed to lead the agency

More News

Zack Whittaker / TechCrunch:
Three years after ending mainstream support for Windows 7, Microsoft ends premium extended security support for the October 2009 OS and support for Windows 8.1
Financial Times:
VaynerMedia: in 2022, 1,000 video ad impressions on TikTok cost ~50% less than on Instagram Reels, ~33% less than on Twitter, and 62% less than on Snapchat

Earlier Picks

Rachel Syme / New Yorker:
A profile of Bela Bajaria, Netflix's head of global TV, who leads its hyper-aggressive strategy to adapt successful show formats to different parts of the world
Washington Post:
A New York University study finds Russian troll Twitter accounts had a minimal impact on 2016 US election voters; 1% of users accounted for 70% of the exposure
Mitchell Clark / The Verge:
Meta plans to stop releasing software updates and drop some social features for the original Quest, which debuted in 2019, but will fix critical bugs until 2024
Sarah Perez / TechCrunch:
In February, Instagram plans to replace the Shop tab with a Reels button in the app's bottom navigation bar and return the Compose button to the center
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