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December 30, 2022, 4:30 PM
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| New York Times: |
Sources detail Elon Musk's Twitter cost-cutting measures, including closing a data center, reducing training for new staff, and canceling janitorial services — Elon Musk has reduced the company to a bare-bones operation, and employees are under a “zero-based budgeting” mandate to justify any spending.
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SiliconANGLE, The Information, Fortune, New York Post, PCMag, Insider, Newser, San Francisco Business Journal, and Techdirt
Mastodon: @ChrisPirillo@mastodon.social, @zoeschiffer@mastodon.social, @cong@mastodon.social, @caseynewton@mastodon.social, @carnage4life@mas.to, @mmasnick@mastodon.social, and @rmac18@journa.host
Tweets: @kateconger, @mikeisaac, @fake_api, @jamesrbuk, @beyerstein, @mekkaokerekebye, @richardlnewby, @kenbensinger, @jamesmartinsj, @manishearth, @maxkennerly, @notcapnamerica, @enjus, @joshua_t_white, @masonpelt, @athertonkd, @leavittalone, @rmondello, @shortingisfun, @mgoodland, @jgownder, @mistresssnowphd, @pt, @benryanwriter, @nktpnd, @goldman, @chrismegerian, and @dlberes
| Taylor Soper / GeekWire: |
After not paying rent, Twitter is reportedly closing its Seattle office, its second-largest engineering hub outside of San Francisco, and asking staff to WFH — Twitter is reportedly facing eviction at its Seattle office and is asking employees to work from home as the social media giant looks to cut costs under new owner Elon Musk.
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The Seattle Times, Firstpost Tech, New York Post, and CoinGape
Tweets: @zoeschiffer, @watcherguru, @jasonrantz, @wflbc, @techwontsaveus, @unusual_whales, @oalexanderdk, @drskyskull, and @carnage4life
| Reuters: |
The Bahamas' Securities Commission is holding FTX assets worth $3.5B on a temporary basis and plans to deliver them to customers and creditors who own them — The Securities Commission of the Bahamas said on Thursday that it is holding FTX assets worth $3.5 billion based on market pricing …
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Securities Commission of The Bahamas, CoinDesk, Decrypt, The Guardian, crypto.news, Bloomberg, The Daily Hodl, CNBC, Cryptopolitan, Crowdfund Insider, CoinGeek, CryptoPotato, BankInfoSecurity.com, Blockworks, Coinpedia Fintech News, The Information, Ethereum World News, Tech in Asia, Decrypt, Watcher Guru, The Block, CryptoSlate, CoinGape, PYMNTS.com, and Forkast
Tweets: @adamscochran and @scbgov_bs
| Wall Street Journal: |
Source: Sam Bankman-Fried will likely plead not guilty to fraud and other charges at a January 3 hearing; SBF returns to Twitter to deny he moved Alameda funds — Created with sketchtool. — FTX founder Sam Bankman-Fried is likely to plead not guilty to eight counts of fraud at a hearing next week …
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The Block and CoinGape
Tweets: @sbf_ftx, @lukewearechange, @marcslove, @iansherr, @danprimack, @cgasparino, @mikeelgan, @bitboy_crypto, @cryptomanran, @teddyschleifer, and @laurashin
| Emily Birnbaum / Bloomberg: |
Tim Wu, who helped shape Joe Biden's antitrust agenda, plans to leave his adviser role on January 4 and return to teaching antitrust law at Columbia Law School — Adviser Tim Wu, who helped to shape President Joe Biden's antitrust agenda, will leave his position Jan. 4, the White House said Friday.
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New York Times, SiliconANGLE, Axios, Politico, and Slashdot
Tweets: @superwuster, @dmccabe, @alondranelson46, @pstasiatech, and @zephyrteachout
| Dan Strumpf / Wall Street Journal: |
Huawei has exited “crisis mode” following US restrictions and expects ~$91.5B in 2022 revenue, unchanged from 2021, due to growing telecom infrastructure sales — Chairman says U.S. restrictions are new normal and company is back to business as usual| Sam Kessler / CoinDesk: |
Sources: the FBI is probing the leak of ~100K API keys linked to users of crypto trading service 3Commas; a victim group of ~60 members tallies losses at $20M+ — This week, an anonymous person leaked 100,000 API keys connected to the crypto trading service.
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TechRadar, crypto.news, Coinmonks, The Daily Hodl, Wu Blockchain, Cointelegraph, Cryptopolitan, Crypto Daily, Coinspeaker, Metaverse Post, Blockworks, CryptoPotato, and Watcher Guru. Tweets: @wublockchain
| Sam Kessler / CoinDesk: |
More:
Web3 is Going Just Great, Cryptopolitan, crypto.news, SiliconANGLE, Bitcoinist.com, BleepingComputer, Decrypt, CoinGape, Cointelegraph, and CryptoSlate
Tweets: @ys_3commas, @cz_binance, @3commas_io, @zachxbt, @zachxbt, @tier10k, @blackbeardxbt, @threadoor, @zachxbt, @coinmamba, @wiseanalyze, @jnun, @zseano, @c7five, @buda_kyiv, @okx, @zachxbt, @ys_3commas, @tree_of_alpha, @star_okx, @cz_binance, @functi0nzer0, @zachxbt, @garlamwon, @zachxbt, @zachxbt, @zachxbt, and @coindesk
| Yang Jie / Wall Street Journal: |
Analysts and sources detail improving iPhone output in China despite COVID-19 issues; Foxconn's main Zhengzhou iPhone facility is now operating at ~70% capacity — Main Foxconn facility recovers to about 70% of capacity and wait times for iPhone Pro models shorten
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Macworld, Softpedia News, MacRumors, iLounge, Philip Elmer‑DeWitt, MarketWatch, 9to5Mac, Business Standard, SiliconANGLE, South China Morning Post, BGR, iPhone in Canada Blog, O'Grady's PowerPage, TrendForce, iThinkDifferent, Philip Elmer‑DeWitt, and The Atlantic
Tweets: @michele_tafoya, @knowledge_vital, @jchengwsj, and @msttrader
| Shadine Taufik / Tech in Asia: |
Hangzhou-based Freetech Intelligent Systems, which makes a full autonomous vehicle software and hardware stack, raised a ~$100M Series B led by Chaos Investment — Freetech Intelligent Systems, a China-based autonomous driving firm, has raised nearly US$100 million in its series B round, Nikkei Asia reported.| Sam Schechner / Wall Street Journal: |
Amazon, Apple, and Microsoft plan to connect data centers to heating systems in Europe; Meta began in 2020 in Denmark, and Google is assessing its opportunities — Rising energy prices and new regulations contribute to an increase in projects — With an energy crisis hitting Europe …
More:
iPhone in Canada Blog, 9to5Mac, TechRadar, and Slashdot
Tweets: @fedprom, @kiavashzare_, @tunguz, and @staunovo
| Ian Johnston / Financial Times: |
Accounting software maker Sage threatens to turn off UK customers' single-payment licenses on security grounds, forcing them to buy costly monthly subscriptions — FTSE 100 group has forced small UK businesses using its accounting services to adopt costly new monthly packages| Matt Levine / Bloomberg: |
Crypto created a toy financial system and had a toy financial crisis; in order to work in the long run, crypto must prove its real usefulness outside of finance — On Oct. 25, Bloomberg Businessweek published “The Crypto Story,” a cover-to-cover issue of the magazine that I wrote about what crypto is and what it all might mean.Sponsor Posts
Command Line:
We can build it. Can we judge it? — As agentic AI shortens the path from idea to shipped code, journey evaluation becomes a critical design skill.
We can build it. Can we judge it? — As agentic AI shortens the path from idea to shipped code, journey evaluation becomes a critical design skill.
Will Reed:
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
The best sales leaders aren't job hunting. Here's how to reach them without months of cold outreach. — Our team came from Box, Square, and Brex, so we already know the GTM leaders worth meeting.
Zoho:
Zoho Backstage 4.0: Introducing the most powerful event experience platform from Zoho, ever — Every year, we observe Event Organizers Day on October 23 to celebrate the hard work and creativity event planners bring to every event.
Zoho Backstage 4.0: Introducing the most powerful event experience platform from Zoho, ever — Every year, we observe Event Organizers Day on October 23 to celebrate the hard work and creativity event planners bring to every event.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
Machine Gods:
Fired OpenAI Safety Researchers Speak Out + We Look Inside Pandora's Box
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
The Upstarts Podcast:
The Parking Startup That Swallowed A 100-Year-Old Giant | Metropolis CEO Alex Israel
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
AI's Spooky Season
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
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Sources:
Sundar Pichai on Gemini 4 and the AI compute crunch
Candid conversations with the leaders shaping what's next in AI and the broader tech industry. Hosted by Alex Heath, who has covered Silicon Valley for more than a decade.
Subscribe to Sources.
Channels with Peter Kafka:
Netflix in Turmoil + Derek Thompson on AI & The Antisocial Century
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
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Big Technology Podcast:
Google CEO Sundar Pichai: AI's Infinite Possibilities, Compute Scarcity Dilemmas, Future AI Products
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
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