| 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.| 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.| Jack Schickler / CoinDesk: |
Independent examiner: Celsius misled its investors, sometimes used new customer funds to pay for withdrawals, CEO Alex Mashinsky made false claims, and more — Shoba Pillay was appointed by a New York bankruptcy court to look at whether the crypto lender operated as a Ponzi scheme| 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,” … | The Verge: |
Apple HomePod (second-gen) review: similarly good sound quality, useful sensors, and a responsive Siri, but pricey and the best experience is via a paired set — Apple's second take on the HomePod doesn't stray far from the original, but it's better all around.| Takashi Mochizuki / Bloomberg: |
Sources: Sony halves its PlayStation VR2 shipment forecast to ~1M units in Q1 after early preorders disappointed; the headset is slated to launch on February 22 — Sony Group Corp. reduced projections for the initial launch of its PlayStation VR2 headset dramatically after early pre-orders disappointed … | Anna Nicolaou / Financial Times: |
Spotify reports Q4 revenue up 18% YoY to €3.2B and a €270M loss, up from €39M YoY, as operating costs rose 44% YoY, and adds 10M paying subscribers to hit 205M — Music streaming group adds subscribers but is hit by rise in operating expenses| 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.| TJ Denzer / Shacknews: |
EA Q3: revenue up 5% YoY to $1.88B, vs. $2.5B est., net income up 209% YoY to $204M, net bookings down 9% YoY to $2.34B, and lowers FY guidance; stock drops 5%+ — The game publishing giant reduced its full year revenue expectations by about half a billion dollars in its latest quarter guidance.| Haomiao Huang / Ars Technica: |
A look at generative AI's history and advances before recent breakthroughs, including Nvidia's CUDA, convolutional neural networks, and Google's transformers — A new class of incredibly powerful AI models has made recent breakthroughs possible. — Progress in AI systems often feels cyclical.| Matt Binder / Mashable: |
Twitter shuts down CoTweets, an experimental feature that let two users author and publish a tweet in tandem; in a month, CoTweets will show a single author — If you're reading this, it's already too late to post a CoTweet. — Did you use Twitter's fairly new CoTweets feature?| Jillian Deutsch / Bloomberg: |
A draft EU “fair-share” document proposes making Netflix, Alphabet, and other “large traffic generators” help pay for next-generation internet infrastructure — The European Union is weighing a proposal to make technology companies that use the most bandwidth … | Gerry Smith / Bloomberg: |
Sources: as Apple launches MLS Season Pass, the company is shopping ad packages for up to ~$4M per season, without guaranteeing advertisers viewership numbers — Apple Inc. will launch its new streaming service for Major League Soccer this week with a lot of the traditional practices of TV advertising kicked to the sidelines.| Jonathan Vanian / CNBC: |
Snap Q4: revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, vs. 375.3M est., and a $288M net loss, vs. $23M in net income YoY; stock down 13%+ — - Snap missed on revenue for the fourth quarter but beat on earnings. — Snap had a rough 2022, as a slowing economy led numerous companies … | Lauren Feiner / CNBC: |
A look at US cases that may set the bounds of free speech online, including Gonzalez v. Google, Twitter v. Taamneh, and a fight over California's kid safety law — - The U.S. justice system, including the Supreme Court, will consider cases that will help determine the bounds of free expression on the internet.| Mike Butcher / TechCrunch: |
Tech Nation, the UK-sanctioned tech ecosystem builder, plans to shut down on March 31 after 10+ years, due to losing its grant funding to a Barclays-run program — After over ten years in operation, Tech Nation, the UK's government-sanctioned ecosystem builder for UK tech startups … | Brian Merchant / Los Angeles Times: |
The goal of the Big Tech layoffs is to bring workers to heel and cultivate an insecure workforce, as an official recession hasn't hit the US or its tech sector — In Silicon Valley, the new year began as the last one ended — with tens of thousands of tech workers losing their jobs.| Parmy Olson / Bloomberg: |
The European Commission plans to require that country regulators report six times a year on GDPR investigations and more, after a complaint by rights group ICCL — It's well established that the European Union has some of the strictest privacy laws in the world, threatening fines of up to 4% of a company's annual turnover.| Kim Jaewon / Nikkei Asia: |
Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand — South Korean tech giant's slump expected to continue in first half of this year — SEOUL — Samsung Electronics said Tuesday … | Reuters: |
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