Techmeme
January 4, 2023, 3:45 PM

Top News

Vincent Manancourt / Politico:
The Irish DPC fines Meta €390M over behavioral ad data violations, giving Meta three months to resolve the issues, a significant blow to Meta's EU ad business  —  Meta faces €390 million in fines and must find a new legal route to targeted ads, while the Irish regulator is suing …
New York Times:
Coinbase reaches a $100M settlement with NY regulators over breaking anti-money-laundering laws, comprising a $50M fine and $50M for compliance; COIN jumps 12%+  —  The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
Nivedita Balu / Reuters:
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring  —  Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …
Aaron Holmes / The Information:
Sources: Microsoft plans to release a version of Bing that uses OpenAI's ChatGPT tech to answer some search queries, possibly launching as soon as Q1 2023  —  Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions.
Chris Welch / The Verge:
Roku plans to launch its own TVs in spring 2023 across two brands, Roku Select and Roku Plus, ranging from 24-inches for $119 to 75-inches for $999  —  Roku is making big news at CES 2023: the company long known for its streaming players and easy-to-use software plans to release its own lineup of TVs this year.
Andrew Hayward / Decrypt:
NFT service Magic Eden, the largest Solana marketplace, blames a hacked image caching service after some users were served porn and TV stills instead of the NFT  —  The top Solana marketplace says there's no need to panic, and it has not been hacked.  —  Some users of Magic Eden …
Chris Welch / The Verge:
A look at Samsung's TV updates in 2023: Neo QLEDs converting SDR to HDR, futuristic MicroLED TVs, improvements to The Frame, and software and AI updates  —  Last year, Samsung radically shook up the TV market with the introduction of its first OLED model in many years.
Shaurya Malwa / CoinDesk:
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline  —  The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
Megha Mandavia / Wall Street Journal:
A look at three pieces of Indian government legislation planned in 2023 to regulate US tech giants, mixing EU antitrust rules with China-style surveillance  —  American tech firms will face hard choices in India this year  —  The standoff between India and U.S. tech giants will intensify …
Matt Levine / Bloomberg:
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences  —  Mango  —  So here's a trade.  — You open two accounts on a commodity futures exchange, Account A and Account B.
Kate Conger / New York Times:
Twitter begins relaxing its longstanding ban on cause-based ads in the US and plans to expand permitted political advertising in the coming weeks  —  Elon Musk's social media service said it would begin to permit cause-based advertising to “facilitate public conversation around important topics.”
Jack Schickler / CoinDesk:
Officials say the US DOJ has seized or is in the process of seizing assets linked to FTX, including ~$450M in Robinhood shares whose ownership is being disputed  —  Officials may later seek to have Sam Bankman-Fried forfeit the assets, potentially including as much as $450 million in stocks, to avoid benefiting from crimes
More: The Block and Reuters
Adam Morgan McCarthy / The Block:
CoinShares: inflows to crypto asset funds fell from $9.1B in 2021 to $433M in 2022, down 95% YoY, the worst year since 2018, when inflows totaled $233M  —  - Crypto asset funds saw the lowest inflows last year since 2018.  — Inflows in 2022 declined to $433 million as bitcoin plummeted over 60%, according to CoinShares data.
Casey Newton / Platformer:
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of HR Business Partner Katie Marcotte both resign; Marcotte was at Twitter for 10 years  —  ByteDance thought it had a deal with the government in August.  Then came the bans — and a spying scandal
Bloomberg:
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers  —  China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
Paul Kiernan / Wall Street Journal:
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”  —  Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices  —  Crypto's Crash Has Been Swift but Largely Self-Contained.

Sponsor Posts

Clay:
Turn any GTM idea into reality  —  Clay helps GTM teams combine AI agents, enrichment, and intent data to move faster and turn insights into action.
Soxton:
AI-powered law for startups  —  Soxton automates startup legal so founders can move faster and sleep better.  We handle incorporation, advisor, employment and commercial contracts.  Join the waitlist for early access!
Zoho:
Event-driven document automation using webhooks in Zoho Writer  —  Instantly generate and send documents based on triggers from any form builder, business app, or automation workflow.We are excited …
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.

Featured Podcasts

Access:
OpenAI's Fidji Simo on why ads are coming to ChatGPT
A show about the tech industry's inside conversation, hosted by tech reporter Alex Heath and founder whisperer Ellis Hamburger.
Subscribe to Access.
Invest Like the Best:
Alex Behring and Daniel Schwartz - Inside 3G Capital
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Grit:
The Truth Behind Automation Claims in Customer Support | Cresta CEO Ping Wu
Grit explores what it takes to create, build and scale world-class organizations.
Subscribe to Grit.
Lenny's Podcast:
The rise of the professional vibe coder (a new AI-era job) | Lazar Jovanovic (Professional Vibe Coder)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
Software In Shambles, OpenAI vs. Anthropic Super Brawl, Amazon's Struggles
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Tools and Weapons with Brad Smith:
Special Edition: Key findings from the Microsoft AI Diffusion Report
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:45 PM ET, January 4, 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.

More News

Zachariah Kelly / Gizmodo Australia:

Earlier Picks

Axios:
Filipe Espósito / 9to5Mac:
Chris Rosato / WVUE-TV: