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February 1, 2023, 7:55 AM
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| Ian King / Bloomberg: |
Intel cuts employee pay to preserve cash for investment, ranging from 25% for CEO Pat Gelsinger, 15% for executive leadership, to 5% for mid-level managers — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy …
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SemiAnalysis, Oregonian, Barron's Online, Globes Online, Fortune, Reuters, Financial Times, The Register, The Information, and Neowin
Tweets: @dylan522p, @rogoway, @rogoway, @rogoway, @eghosao, @teroterotero, @carnage4life, and @dylan522p
| Jason Schreier / Bloomberg: |
A look at Microsoft's prized 343 Industries, the studio behind Halo, after a leadership overhaul, layoffs, and more; sources detail a pivot to Unreal Engine — Microsoft Corp. says it's going to keep making new games in the popular Halo franchise at its prized 343 Industries studio — despite rumors to the contrary.
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GamesIndustry.biz, TrueAchievements, Windows Central, PC Gamer, Gamereactor UK, Press Start, Appuals.com, Game Rant, Wccftech, MobileSyrup, WhatIfGaming, GeekWire, Engadget, and Dot Esports
Tweets: @jasonschreier, @paultassi, @jeremypenter, @jedinabber, @shyway, @artforsaurian, @cyynapse, @vahn16, @porshapwr, @theactman_yt, @zacbowden, and @gamepasscounter
| Ryan Browne / CNBC: |
The UK government lays out plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians — - The U.K. laid out plan to regulate the cryptocurrency industry. — The proposals include strengthening rules on crypto lending …
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Bloomberg, BBC, GOV.UK, Decrypt, CoinDesk, Engadget, GOV.UK, CoinJournal, Cointelegraph, Bitcoinist.com, Financial Times, Sky News, CoinDesk, and AltFi
Tweets: @binance, @emilyjnicolle, @ryan_browne_, @ryan_browne_, @ruskin147, @ryan_browne_, @zsk, @nickdemarco_, @frances_coppola, @joetidy, and @smtuffy
| Ina Fried / Axios: |
OpenAI debuts a free web-based tool to help determine if text was written by a machine, rated as “very unlikely”, “unlikely”, “unclear”, “possible”, or “likely” — - “It has both false positives and false negatives,” …
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OpenAI, Gizmodo, Agence France-Presse, CNN, Thurrott, Silicon Republic, The Week, Quartz, Search Engine Land, TechCircle, Neowin, Associated Press, PCWorld, Watcher Guru, The Register, NBC News, iPhone in Canada Blog, Top Startups 2023, Mashable, BuzzFeed News, Reuters, SiliconANGLE, Engadget, Search Engine Journal, MakeUseOf, Voicebot.ai, The Verge, PCMag, and VICE
Tweets: @antoniocasilli, @samfbiddle, @pkedrosky, @kantrowitz, @mer__edith, @paulg, @joannastern, @youngbloodjoe, @econompic, @bobbrinker, @jamespmcleod, @yoda, and @rustybrick
| Jennifer Elias / CNBC: |
Sources and documents: Google asks employees to test potential ChatGPT competitors, including Apprentice Bard, a chatbot that uses its LaMDA conversational tech — - Google is testing ChatGPT-like products that use its LaMDA technology, according to sources and internal documents acquired by CNBC.
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The Verge, Insider, TechCircle, Appuals.com, Pocket-lint, Engadget, and 9to5Google
| Nilay Patel / The Verge: |
An interview with Chris Miller, a Tufts professor and author of the book Chip War, on EUV lithography, ASML's role in global chip manufacturing, TSMC, and more — Professor Chris Miller's new book Chip War explains the complicated global politics inside your iPhone.
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Fortune
| Casey Newton / Platformer: |
Instagram co-founders Kevin Systrom and Mike Krieger form a venture to explore next-gen social apps; the first is Artifact, a TikTok-like app for news articles — EXCLUSIVE: Meet Artifact, a kind of TikTok for text — Kevin Systrom and Mike Krieger are back.
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Artifact, Silicon Republic, Coinspeaker, TechCrunch, Transistori, Base Camp, SiliconANGLE, Daring Fireball, CNET, Zero DD, BGR, Gizmodo, and Social Media Today
Tweets: @kevin, @caseynewton, @andrewfrompatio, @rmstein, @abdur, @nikitabier, @nikitabier, @scottnover, @malcolmmoore, @mcwm, @seyitaylor, @rollingstone, @rich_harris, @zoeschiffer, @rebexxxxa, @richontech, @erinkwoo, @joshconstine, @bryce, @j_k9, @melissamdaniels, @drewcoffman, @amasad, @sharpshoot, @levie, @anoushasakoui, @chrismessina, @taylorlorenz, @rafat, @jessicalessin, @seyitaylor, @obrien, @jjvincent, @kantrowitz, @larakate, @martinsfp, @lmatsakis, and @howardlindzon
| Ashley Capoot / CNBC: |
PayPal plans to lay off ~2,000 employees, or ~7% of its workforce, “over the coming weeks”, as the company addresses the “challenging macroeconomic environment” — - PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce.
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PayPal Newsroom, Computerworld, Finextra, Bloomberg, Tech in Asia, Forbes, Silicon Republic, Reuters, Coinspeaker, OnMSFT.com, BBC, The Economic Times, SiliconANGLE, PYMNTS.com, Neowin, RTÉ, Business Post, The Information, Top Startups 2023, Silicon Valley Business …, Payments Dive, Engadget, WRAL TechWire, and Fortune
Tweets: @dimartinobooth and @dimartinobooth
| Ashley Gold / Axios: |
A report by the White House's NTIA describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation to improve competition and choice — A new Biden administration report describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation … | Tom Warren / The Verge: |
Nvidia is working to fix a Discord bug that slows the memory clocks on some of its GPUs by up to 200MHz, including the RTX 3080 and RTX 3060 Ti — Discord is slowing down graphics card memory clocks on some Nvidia GPUs. A recent Discord update has introduced a bug that slows down memory clocks …
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nvidia.custhelp.com, TechRadar, TechPowerUp, Tom's Hardware, KitGuru, Digital Trends, TechSpot, and Wccftech
Tweets: @lvjycmwyl, @fspls, and @tomwarren
| Lauren Forristal / TechCrunch: |
Apple launches its MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, playoffs, and more for $14.99/month or $99/year — Today, Apple launched MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, Audi 2023 MLS Cup Playoffs … | Kif Leswing / CNBC: |
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales — - AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts …
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Advanced Micro Devices, Inc., PC Gamer, Wccftech, Wall Street Journal, Tom's Hardware, The Register, Appuals.com, Coinspeaker, iTnews, The Information, SiliconANGLE, CNBC, Thurrott, The Verge, ServeTheHome, Bloomberg, VentureBeat, TheStreet, and Reuters
Tweets: @iancutress, @suburbandrone, @chernandburn, and @iancutress
| Sohee Kim / Bloomberg: |
As memory prices plunge, SK Hynix reports a ~$1.4B Q4 operating loss, its biggest quarterly operating loss yet, vs. ~$900M est., and a 38% YoY drop in revenue — South Korean chipmaker SK Hynix Inc. reported its biggest quarterly loss on record, due to plunging prices in memory chips as tech demand fell worldwide.
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Nikkei Asia, DCD, Reuters, South China Morning Post, ZDNet, Morningstar, Inc., Korea Joongang Daily, The Straits Times, and Tech Xplore
Tweets: @samkimasia and @samkimasia
| Sylvia Varnham O'Regan / The Information: |
Sources: seeking to boost Reels' quality, Meta executives are leaning toward relaxing the company's long-standing opposition to sharing ad revenue with creators — When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they're likely to pepper the Meta Platforms CEO …
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Insider, Vogue Business, and Digiday
Tweets: @amir, @pkafka, @mattnavarra, @corelampone, @kelliliegel, @theinformation, and @sylviavarnham
| Ben Lang / Road to VR: |
Meta's Ready at Dawn studio plans to shutter Echo VR, one of the best-rated and most popular free Quest games, after layoffs, to focus on “our next project” — As a parting gift, players can claim lots of premium cosmetic items for free — The Entire VR Industry in One Little Email
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Echo Games, Gameranx, Fossbytes, The Verge, and UploadVR
| Jonathan Vanian / CNBC: |
Snap reports Q4 revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, and a $288M net loss, vs. $23M in net income YoY; stock drops 14%+ — - Snap missed on revenue for the fourth quarter but beat on earnings. — Snap had a rough 2022, as a slowing economy led numerous companies to slash their digital ad budgets.
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Wall Street Journal, Silicon Republic, Snap Inc., Variety, Coinspeaker, Bloomberg, Mobile Dev Memo, The Information, Social Media Today, dot.LA, The Hollywood Reporter, New York Times, Deadline, and Financial Times
| Sean Hollister / The Verge: |
Anker admits its Eufy security cameras are not natively E2E encrypted and produced unencrypted video streams for Eufy's web portal, but says the flaws are fixed — / Anker admits its always-encrypted cameras weren't always encrypted — and promises to do better. … First, Anker told us it was impossible.
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Android Police, Internet of Things News, gHacks Technology News, MacRumors, and AppleInsider
Tweets: @stevenconlon and @linustech
| Andrew Martin / Bloomberg: |
FS-ISAC report: DDoS attacks targeting banks and other financial firms had increased 22% YoY by November 2022, particularly in Europe, where they rose 73% YoY — Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are growing problem for banks and other financial businesses, according to a new report.
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The Record and FS-ISAC
| Kyle Wiggers / TechCrunch: |
Sentra, which classifies cloud data according to sensitivity and tracks cloud data security, raised a $30M Series A led by Standard Investments — The move to the cloud, accelerated by the pandemic, continues unabated. By 2025, Gartner estimates that over 95% of new digital workloads … | Financial Times: |
The US and India launch an initiative to cooperate on critical and emerging technologies, including quantum computing, AI, and semiconductors, to counter China — Effort designed to counter China in the Indo-Pacific and wean New Delhi off its reliance on Russia for weaponsSponsor Posts
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