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January 12, 2023, 8:10 AM
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Mark Gurman / Bloomberg:
Sources: Apple is working on Macs with a touchscreen; the first model may be a MacBook Pro with an OLED display supporting gestures, set to be released in 2025  —  Apple Inc. is working on adding touch screens to its Mac computers, a move that would defy long-held company orthodoxy and embrace …
Forbes:
JPMorgan Chase is suing the founder of Frank, a student loan software startup acquired for $175M, over allegedly lying about scale by creating 4M+ fake users  —  The financial giant is suing the founder of a Mark Rowan-backed startup it acquired, claiming the fintech, Frank, had sold the financial giant on a “lie.”
Tom Warren / The Verge:
Microsoft plans to update all Xbox Series X and S consoles to an energy-saving Shutdown mode by default and is working on a smarter Sleep mode for active hours  —  Microsoft is planning to switch Xbox Series X and S owners over to an energy-saving power mode in a bid for sustainability and cost savings.
Ron Miller / TechCrunch:
Canalys, IDC, and Gartner report global PC shipments fell for the fourth consecutive quarter in Q4 2022, by 28%-29% YoY to 65.3M-67.2M units; Dell fell ~37% YoY  —  When you look at fourth quarter worldwide PC sales data from Canalys, IDC and Gartner, it's fair to say that the news was not great …
Bloomberg:
Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes  —  Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Joe Rossignol / MacRumors:
Kuo: mass shipments of second-generation AirPods Max and AirPods with a $99 price target will likely begin in the second half of 2024 or the first half of 2025  —  Mass shipments of second-generation AirPods Max and more affordable AirPods will likely begin in the second half of 2024 …
Kali Hays / Insider:
Sources: Twitter is leaving at least 12 international offices due to closures or not paying rent, including in Hong Kong, Mexico, Ghana, Australia, and India  —  - Twitter is leaving at least a dozen international offices due to closures or not paying rent.  — Hubs in Europe and even Twitter's headquarters in Asia are shuttered.
Jacquelyn Melinek / TechCrunch:
Amazon partners with Ava Labs, which develops the Avalanche blockchain, to support Avalanche's infrastructure and dApp ecosystem through its AWS marketplace  —  Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche …
New York Times:
Sources: in December, Twitter started considering auctioning off usernames to generate revenue; Elon Musk had said he wants to free up 1.5B inactive usernames  —  The company has discussed selling some user names through online auctions, people with knowledge of the plans said.
Sahil Patel / The Information:
Sources: GroupM clients cut Twitter ad spend by 40%-50% since Elon Musk took over; Standard Media Index is seeing fewer January and February ad bookings in 2023
Tim Reynolds / Associated Press:
A federal judge terminates FTX's 19-year, $135M naming rights deal with Miami-Dade County's Heat arena, a massive undertaking involving the roof and more  —  The naming rights deal between FTX and Miami-Dade County was terminated Wednesday by a federal bankruptcy court …
Wall Street Journal:
Sources: Alameda invested $1.1B+ in Genesis Digital, including $500M to buy the co-founders' shares; the bitcoin miner is among FTX's largest bankruptcy assets
Frank Landymore / Futurism:
CNET has been using an “AI engine” to write financial explainers under a CNET Money byline since November 2022, reviewed, fact-checked, and edited by a human  —  Next time you're on your favorite news site, you might want to double check the byline to see if it was written by an actual human.
Gary Marcus / The Road to AI We Can Trust:
Source: OpenAI will get all of the equity back once $92B in profit plus $13B in initial investment are paid to Microsoft and once other investors earn $150B  —  I don't usually write about business deals, much less about rumors about business deals, but this one has me scratching my head …
Tom Warren / The Verge:
Memo: Microsoft plans to give US salaried staff unlimited Discretionary Time Off plus 10 corporate holidays, leaves of absence, mental health time off, and more  —  Microsoft is giving its US employees unlimited time off.  The announcement was made in an email to employees from Kathleen Hogan …
Rosie Perper / CoinDesk:
Yuga Labs announces a skill-based game, Dookey Dash, accessed via a free mint for BAYC holders called Sewer Passes, running between January 18 and February 15  —  The gamified expansion of its Bored Ape Yacht Club ecosystem involves minting a free Sewer Pass to play a game called Dookey Dash.
Reed Albergotti / Semafor:
Sources: Coinbase's internal “sentiment” tracker for media coverage showed Sam Bankman-Fried's FTX was consistently viewed more favorably until its collapse  —  Crypto exchange Coinbase has for years tracked how the company is portrayed in the press and online, and that “sentiment” …
Andrew Romero / 9to5Google:
A set of allegedly official Samsung Galaxy S23 marketing images leak, showing four colors, a refined design, and more; S23 Ultra's camera is rumored to be 200MP  —  The Galaxy S23 from Samsung is set to be announced on the first day of February.  Even though that's a given …

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:10 AM ET, January 12, 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

James Faris / Business Insider:
Sources: Disney is discussing a potential free tier for Disney+; product and tech chief Adam Smith discussed the initiative at a town hall but gave no timeline

Todd Spangler / Variety:
Report: Letterboxd's owners have held early talks with potential buyers, including Netflix, Sony Pictures, Paramount, and PE giant TPG

Ben Fritz / Wall Street Journal:
As Hollywood looks for its next Obsession-type hit, 11 studios bid on YouTube series The Mandela Catalogue and sources say WBD paid $1M for rights to Siren Head

More News

Tim Bradshaw / Financial Times:
Paris-based Ubisoft's stock drops ~15% after the company slashed its forecasts, reported “markedly and surprisingly slower” holiday sales, and delayed games
New York Times:
Chinese social media becomes consumed by a debate on “zero Covid” ending, challenging government censors' efforts to control the narrative without overstepping
Miles Kruppa / Wall Street Journal:
Alphabet's life sciences unit Verily lays off ~15% of its staff, or 200+ employees, as part of a broader reorganization that will end work on several products

Earlier Picks

Financial Times:
Sources: Apple promises investors to disclose details about its App Store removals, including the number of removal requests by country and their legal basis
Todd Spangler / Variety:
Twitter says that the company's investigation found “no evidence” that its users' data sold online was obtained by exploiting vulnerabilities in its systems
Joe Biden / Wall Street Journal:
In an op-ed, Joe Biden asks Republicans and Democrats to unite “to pass strong bipartisan legislation to hold Big Tech accountable”, saying the risks are clear
Dan Milmo / The Guardian:
The Guardian confirms the outlet was hit with a ransomware attack in December 2022 and that the personal data of UK staff was accessed, possibly via phishing
Sarah Perez / TechCrunch:
Apple launches Apple Business Connect, letting US business owners update and manage their information for Apple Maps, a feature Google Maps has had since 2005
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