Techmeme
January 23, 2023, 1:40 PM

Top News

Dina Bass / Bloomberg:
Microsoft invests in OpenAI, a source says totaling $10B over many years, after 2019 and 2021 investments, to build “increasingly safe, useful, and powerful” AI  —  Microsoft Corp. is making a $10 billion investment over several years in OpenAI, the creator of the artificial …
Eva Mathews / Reuters:
Spotify plans to lay off ~6% of its workforce, or ~600 jobs, says content and ad head Dawn Ostroff is leaving, and reorganizes its engineering and product units  —  Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut …
Chris Welch / The Verge:
Apple Mac mini (M2 Pro) review: terrific performance, many ports, Wi-Fi 6E, and Bluetooth 5.3, but no front ports or SD card slot and a tricky peripherals setup  —  With two processor choices — one for everyday computing, the other for conquering creative work — Apple's littlest Mac has never been more appealing.
Monica Chin / The Verge:
Apple MacBook Pro (16-inch, M2 Max) review: amazing performance and speakers, big battery life gains, and a great display, but pricey and limited upgradability  —  Apple's new MacBook Pro 16 with M2 Max has exactly one significant upgrade from the 2021 model: a more powerful chip.
AnnaMaria Andriotis / Wall Street Journal:
Wells Fargo, Bank of America, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, slated for H2 2023  —  Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout
David Pan / Bloomberg:
Binance says Signature Bank plans to only handle $100,000+ transactions starting on February 1, 2023, as the US bank decreases its exposure to the crypto market  —  Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 …
Emma Roth / The Verge:
Meta brings more features to Messenger end-to-end encrypted chats, such as themes, link previews, and custom emojis, and expands default E2EE test to more users  —  That means encrypted chats can now incorporate themes, custom emoji, reactions, group profile photos, and a whole lot more.
Tripp Mickle / New York Times:
The recent tech layoffs highlight a generational divide between younger workers experiencing their first economic downturn and older workers who have seen many  —  The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
Adam Liptak / New York Times:
SCOTUS asks the Biden administration for its views on the constitutionality of Florida's and Texas' social media laws, likely putting off a decision until 2024  —  The laws, enacted by Florida and Texas in response to conservative complaints about censorship, have been challenged under the First Amendment.
Rolling Stone:
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking associates for first tweet suggestions  —  The ex-president is planning his first tweets with a few months to go on his Truth Social contract
Kenrick Cai / Forbes:
Deel, which offers HR software for hiring a remote global workforce, announces hitting a $295M ARR on January 1 and raising $50M in Q2 2022 at a $12B valuation  —  Alex Bouaziz, cofounder and CEO of Deel, is armed with metrics that would be enviable to nearly every software startup CEO.
More: TechCrunch and DeelThanks:@colegarry2

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