Techmeme
January 20, 2023, 11:15 AM

Top News

Bloomberg:
Memo: Alphabet plans to cut around 12,000 jobs, more than 6% of its global workforce; Sundar Pichai says he takes “full responsibility” for the need to cut jobs  —  Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce …
Kevin Simauchi / Bloomberg:
Crypto lender Genesis Global Capital files for Chapter 11 bankruptcy in New York, listing the estimated range for both assets and liabilities between $1B-$10B  —  Cryptocurrency lender Genesis Global Capital filed for bankruptcy, the latest firm to collapse in the aftermath of FTX's swift downfall.
Karissa Bell / Engadget:
Twitter quietly updates its developer agreement with a clause banning third-party clients, after claiming the company was “enforcing long-standing API rules”  —  In case there was any doubt about Twitter's intentions in cutting off the developers of third-party apps …
Anna Nicolaou / Financial Times:
Netflix co-founder Reed Hastings steps down as co-CEO but plans to stay on as executive chair; the company promotes COO Greg Peters to co-CEO with Ted Sarandos  —  Streaming company names new leadership as it looks to reset after ‘tough year’ in 2022  —  Reed Hastings is stepping …
Sarah Whitten / CNBC:
Netflix Q4: revenue up 1.9% YoY to $7.85B, $55M net income, down from $607M YoY, 231M paid memberships, adding 7.66M subscribers vs. 4.57M est.; stock is up 8%+  —  - Netflix added 7.66 million paid subscribers during the fourth quarter, more than the 4.57 million Wall Street expected.
Emma Roth / The Verge:
Catherine Larkin / Bloomberg:
SEC filing: T-Mobile says a hacker stole the data of ~37M customers, including names, addresses, and phone numbers, but not passwords, SSNs, or credit cards  —  T-Mobile US Inc. said a hacker obtained data for 37 million customer accounts, though it didn't include payment card information or personal identifying numbers.
Bloomberg:
Sources: Nintendo plans to increase production of its six-year-old Switch console in the coming fiscal year, starting in April 2023, as demand remains strong  —  Nintendo Co. plans to increase production of its six-year-old Switch console in the coming fiscal year after shipping roughly 21 …
The Block:
Crypto lender Nexo agrees to pay $45M in penalties to settle SEC and US state charges for failing to register the offer and sale of its Earn Interest Product  —  - The SEC charged Nexo for failing to register the offer and sale of its crypto asset lending product, called the Earn Interest Product.
Dean Takahashi / VentureBeat:
A survey of 2,300+ game developers: 45% don't buy the promise of the metaverse, 53% support unionization, 91% say harassment by players is an issue, and more  —  Game developers are more skeptical of metaverse and blockchain projects, according to a new survey by the Game Developers Conference.
Iris Deng / South China Morning Post:
Canalys: Xiaomi shipments in India fell 40% YoY in Q4 2022 amid government scrutiny, falling behind Samsung and Vivo after being the top seller for 20 quarters  —  Chinese smartphone giant Xiaomi was dethroned in India for the first time in five years by Samsung Electronics and Vivo …
Jagmeet Singh / TechCrunch:
India releases rules on social media influencers and virtual avatars promoting content without disclosing payment, adding an up to ~$12.3K fine for violations  —  As the market of social media influencers is getting bigger in India, the South Asian nation has introduced endorsement guidelines …
The Verge:
Source: CNET owner Red Ventures has used AI tools like Wordsmith to write stories for at least a year and a half, causing unease amid layoffs and restructuring  —  Fake bylines.  Content farming.  Affiliate fees.  What happens when private equity takes over a storied news site and milks it for clicks?

Sponsor Posts

Command Line:
Introducing Microsoft-Decision-1, our model for fast decision-making  —  Our new model delivers top performance in latency and quality on structured decision tasks to outperform other models.
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.
Zoho:
Zoho Books now supports CT600 & Final Accounts Filing as an add-on in the FREE plan  —  Managing end-of-year filing for limited companies in the UK is often expensive and multi-layered.
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

Big Technology Podcast:
Meta & Microsoft's Claude Slowdown, His Agent Leaked His Banking Info, Don't Bully Your AI
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.
Sources:
Qualcomm's CEO on the coming AI phone supercycle
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.
The Upstarts Podcast:
Bringing Back Mammoths And Building Noah's Ark 2.0 | Colossal's Ben Lamm
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:
The launch industrial complex
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Channels with Peter Kafka:
Larry Ellison's Media Ambitions & Kevin Roose on AI's Biggest Gamble
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.
Subscribe to Channels with Peter Kafka.
Training Data:
Google's AI Infrastructure Chief, Amin Vahdat, on the Physics & Economics of Frontier AI
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 11:15 AM ET, January 20, 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

Earlier Picks

David McCabe / New York Times:
Sarah Perez / TechCrunch: