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January 24, 2024, 8:15 PM
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Top News

Wall Street Journal:
Sources: Apple plans to add new fees and restrictions after allowing EU users to download apps from outside the App Store, including reviewing sideloaded apps  —  Meta, Spotify and other companies are weighing new options for customers as Apple makes changes to comply with new European law
Ariel Shapiro / The Verge:
Ahead of the EU's DMA, Spotify shares iOS app mockups with full in-app payments, rolling out in part on March 7; Apple hasn't yet shared its changes for the DMA  —  For years, Apple's App Store policies have made it impossible for apps to sell digital services and goods on their own terms.
Matt Day / Bloomberg:
Ring is sunsetting a tool that lets police request footage from users via its Neighbors app, forcing law enforcement to obtain warrants or evidence of emergency  —  - Move dials back company's longtime public-safety stance  — Law enforcement will now have to seek warrants for video
Abner Li / 9to5Google:
Google Pixel users say they are not able to access data stored in internal storage across all apps after installing the January 2024 Google Play system update  —  Following a storage access issue in October with the initial Android 14 release and multiple users, Pixel devices might …
Mike Butcher / TechCrunch:
Web Summit CEO Katherine Maher, who was hastily appointed at the end of October 2023 to replace Paddy Cosgrave, plans to step down on March 1 to join NPR as CEO  —  Technology can sometimes move at the speed of light.  And so, too, can technology executives.
Richard Nieva / Forbes:
The US National Science Foundation partners with OpenAI, Meta, Nvidia, Microsoft, and others to launch NAIRR, a pilot to expand researchers' access to AI tools  —  The pilot program, called the National Artificial Intelligence Research Resource, follows President Biden's executive order mandating lower entry to AI infrastructure.
Tom Warren / The Verge:
Nvidia's RTX GPUs can now upgrade SDR video to HDR using AI, supported in both Microsoft Edge and Google Chrome on Windows PCs with HDR enabled  —  Nvidia is launching a new feature for all RTX GPU owners today: RTX Video HDR. … You just need an HDR10-compatible monitor with HDR enabled in Windows.
Ryan Vlastelica / Bloomberg:
Microsoft briefly reached a $3T market cap for the first time on January 24, becoming the second company to do so after Apple, before closing at a record $2.99T  —  - Software giant is second company to hit level, following Apple  — AI services are seen as a long-term revenue growth tailwind
Hugh Son / CNBC:
Klarna launches Klarna Plus, a $7.99/month subscription plan in the US, with waived service fees when using its One Time Card, double rewards points, and more  —  - Swedish fintech firm Klarna is launching a monthly subscription plan in the U.S. to lock in its heaviest users ahead …
Jordan Novet / CNBC:
IBM reports Q4 revenue up 4% YoY to $17.38B, vs. $17.30B est., software revenue up 3% YoY to $7.51B, and net income of $3.29B, up from $2.71B YoY; IBM jumps 8%+  —  - IBM surpassed estimates on the top and bottom lines and ended 2023 with more free cash flow than it had projected.
Ash Parrish / The Verge:
Twitch changes the Prime Gaming subscription payout model to a fixed rate, expands the Partner Plus Program, and removes the $100K cap for 70/30 revenue share  —  Twitch is making big monetization changes again in an attempt to make a more sustainable system, lowering earnings in some places and raising them in others.
Alexander Martin / The Record:
The UK NCSC's all-source intelligence assessment: ransomware attacks will almost certainly increase in both volume and impact over the next two years due to AI  —  Ransomware attacks will increase in both volume and impact over the next two years due to artificial intelligence (AI) technologies, British intelligence has warned.
Kate Knibbs / Wired:
Originality AI: 88%+ of the top US news outlets now block AI companies' web crawlers; leading right-wing outlets, like Breitbart and Newsmax, mostly permit them  —  Nearly 90 percent of top news outlets like The New York Times now block AI data collection bots from OpenAI and others.
Michael Acton / Financial Times:
Apple's acquisitions, job postings, and academic papers detail the company's AI plans; PitchBook says Apple acquired 21 AI startups since the start of 2017  —  Acquisitions, job postings and academic papers suggest tech company is preparing to run AI through its devices
Toby Sterling / Reuters:
ASML reports Q4 revenue up 13% YoY to €7.2B, net profit up 9% YoY to €2B, both above est., orders up 3x QoQ to €9B+, and expects 2024 net sales to be flat YoY  —  ASML Holding NV (ASML.AS), Europe's biggest technology company by market value, on Wednesday reported better …
Sareen Habeshian / Axios:
New York City issues a public health advisory officially designating social media as an “environmental toxin”, blaming it for a youth mental health crisis  —  New York City declared Wednesday that it's the first city to issue an advisory officially designating social media as an environmental toxin.
Eamon Farhat / Bloomberg:
IEA: electricity used by data centers, crypto, and AI could grow 100%+ in the next three years; Ireland's data centers could use 32% of its electricity by 2026  —  - Cryptocurrency, AI to dominate demand, IEA report finds  — Increase in demand will be covered by renewables, nuclear
Matthew Ball / MatthewBall.co:
A look at some long-term issues facing the gaming industry, including deep layoffs, weak revenue growth, growing development costs, and declining VC investments  —  To players and outside observers, 2023 looks like one of the 70-year-old gaming industry's greatest-ever years.
Tim Bradshaw / Financial Times:
London- and Tallinn-based VC firm Plural, led by some of Europe's best known startup founders, raised a €400M fund to invest in early-stage “deep tech” startups  —  The firm offers a Silicon-Valley approach to backing start-ups as an alternative to the traditional VC model

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This is a Techmeme archive page. It shows how the site appeared at 8:15 PM ET, January 24, 2024.

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

Variety:
AMC Networks acquires full control of BBC America, after BBC Studios sold its remaining 50.1% interest in the channel to AMC Networks for $42M in cash

Sean Burch / The Wrap:
News Corp reports Q1 revenue up 3% YoY to $2.58B, net income up 148% YoY to $144M, Dow Jones revenue up 3% YoY to $552M, and WSJ subscriptions up 7% YoY to 4.3M

Chris Roush / Talking Biz News:
Memo: Business Insider founder Henry Blodget says he is leaving BI's board, will remain an adviser and contribute occasional columns, and plans to write a novel

More News

Amanda Silberling / TechCrunch:
BeReal plans to let brands and celebrities start joining on February 6 and says the app now has 23M DAUs, up from 20M DAUs in August 2023, a growth deceleration
Bloomberg:
Oppo and Nokia sign a patent cross-licensing deal, ending a years-long dispute, letting the Chinese smartphone maker sell in key European markets like Germany

Earlier Picks

TechCrunch:
Research: African startups raised between $2.9B and $4.1B total in 2023, down from $4.6B to $6.5B in 2022, with Egypt, Kenya, Nigeria, and South Africa leading
Jonathan Vanian / CNBC:
eBay plans to cut ~1,000 full-time jobs, or ~9% of its workforce, and scale back the number of contracts within its “alternate workforce” over the coming months
Sarah Perez / TechCrunch:
Google announces AI features for Chrome on macOS and Windows: Organize Similar Tabs and custom themes rolling out soon in the US, and Help Me Write in February
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