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Techmeme
February 10, 2023, 10:40 PM
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Top News

Bloomberg:
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York  —  PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
Kevin McLaughlin / The Information:
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees  —  In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
Dina Bass / Bloomberg:
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the third goggles version  —  Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices …
Brian Fung / CNN:
Some under-resourced academic and civil-society researchers say a Twitter API paywall would jeopardize studies of influence campaigns and platform manipulation  —  For years, Twitter, like other social media platforms, has freely given its platform data to independent researchers …
Mark Spoonauer / Tom's Guide:
Samsung Galaxy S23 Ultra review: powerful 200MP camera, awesome display, excellent battery life, and fast processor, but expensive and no charging speed upgrade  —  The Galaxy S23 Ultra packs a stunning 200MP camera along with very fast performance and much longer battery life
Financial Times:
Sources: China Telecom and China Mobile withdrew their ~20% investment in an Asia-Europe subsea cable project after US firm SubCom was chosen to build the line  —  Telecoms groups withdrew investment in Sea-Me-We 6, which will transmit data between Asia and western Europe
Chris Stokel-Walker / Fast Company:
Former staff say Twitter needs to update its systems to enact Elon Musk's asks, but the mass layoffs have brought code freezes and vast concurrent code changes  —  Twitter's outage on Wednesday, which saw the site rendered unusable for most users by blocking people from tweeting within the app …
Gabrielle Coppola / Bloomberg:
A look at Otonomo and Wejo, two struggling startups trying to monetize connected car data; Otonomo plans to merge with roadside assistance tech startup Urgently  —  Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right …
Chloe Xiang / VICE:
Researchers: some Reddit usernames and other keywords cause ChatGPT to give bizarre responses, likely due to the web data OpenAI scraped to train its model  —  Reddit usernames like ‘SolidGoldMagikarp’ are somehow causing the chatbot to give bizarre responses.  —  Chloe Xiang

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This is a Techmeme archive page. It shows how the site appeared at 10:40 PM ET, February 10, 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

Politico:
Joe Biden proposes two debates with Trump, ditching the bipartisan commission that has conducted presidential debates since the late 1980s; Trump accepts

Oliver Darcy / CNN:
News/Media Alliance CEO Danielle Coffey says Google's AI Overviews rollout will be catastrophic, as the little traffic publishers get will be further diminished

Jem Aswad / Variety:
The National Music Publishers Association sends a cease-and-desist letter to Spotify over its use of lyrics in its videos feature, remix tool, and more

More News

Lauren Feiner / CNBC:
Lyft's stock closed down 36.4% after the company forecast $975M Q1 revenue vs. $1.09B est.; Lyft CFO blamed “seasonality and lower prices” for the weak guidance
Tom Warren / The Verge:
Sources: Microsoft plans to demo the integration of OpenAI's language tech and the Prometheus model into Word, Outlook, and other Office apps, in March 2023
Michael Wayland / CNBC:
GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chipmaker's New York facility for the automaker's key suppliers

Earlier Picks

Rohan Goswami / CNBC:
SEC commissioner Hester Peirce calls her agency's Kraken action “paternalistic and lazy”, questioning if closing the staking program was a “win for investors”
SemiAnalysis:
A look at the economics of Microsoft and Google inserting LLMs into search, crushing profitability and requiring massive capex, and the impact on the companies
Maria Deutscher / SiliconANGLE:
Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work
Alexander Martin / The Record:
The US and the UK sanction seven people based in Russia, with likely FSB ties, connected to the Conti and Ryuk ransomware gangs and the Trickbot banking trojan
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