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February 11, 2023, 10:10 AM
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| 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 …
More:
Blockworks, DCD, Cryptonews, Metaverse Post, BigTechWire, and CoinDesk
Tweets: @pradeepviswav and @e3waitfor2020
| 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 … | 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 … | Jonathan Greig / The Record: |
The City of Oakland confirms reports of a ransomware attack on its networks but says 911, financial data, and fire and emergency resources were not impacted — The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
More:
The San Joaquin Valley Sun, City of Oakland, Mercury News, BleepingComputer, and Security Affairs
Tweets: @liammcurley, @hyphy_republic, @therecord_media, and @brettcallow
| Michael Kan / PCMag: |
Mercury Research: x86 CPU shipments from Intel, AMD, and others fell 34% YoY and 19% QoQ in Q4, the biggest drops in 30 years; 374M units were shipped in 2022 — Low demand and excess inventory cause a huge decline in x86 CPU shipments for Q4, according to Mercury Research.| Saksha Menezes / Bloomberg: |
Analysis: Apple's 2020-2022 revenue per new hire was $2.51M, up from $1.17M during 2017-2019, and above Meta's $0.79M, Microsoft's $1.06M, and other peers — There's a reason why Apple Inc. is under less pressure than tech peers to slash jobs during the current slowdown: It hired more efficiently in the first place.
More:
Philip Elmer‑DeWitt, 9to5Mac, AppleInsider, MacDailyNews, Patently Apple, and The Information. Tweets: @lisaabramowicz1
| David Adeleke / Rest of World: |
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses — Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA
Tweets: @ulonnaya, @naijaflyingdr, @restofworld, and @eajene
| Benedict Evans: |
An overview of macro tech trends, with a focus on the e-commerce slowdown, Amazon, layoffs, advertising, and generative AI opportunities beyond text and images — Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry. This year, ‘The New Gatekeepers’.
More:
The Atlantic, Observer, Tech Xplore, and Redmond Pie
Tweets: @marshallk, @perplexity_ai, @jonathankriner, @mirkolorenz, @marshallk, @tonicowanbrown, @benedictevans, and @cjpberry
| Andy Greenberg / Wired: |
A look at the newly launched Bitcoin mixer Sinbad.io, which appears to have become the preferred outlet for North Korean hackers to launder stolen crypto — The world's most prolific crypto thieves have used Sinbad.io to launder tens of millions. Its creator, “Mehdi,” answers WIRED's questions.
Tweets: @a_greenberg
| 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
More:
Android Police, IGN, Android Central, PCMag, CNET, TechCrunch, Engadget, Android Police, Digital Trends, KnowTechie, PhoneArena, ZDNet, SamMobile, and Gizchina. Tweets: @zoneoftech
| 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
More:
Data Center Knowledge, CircleID, and Total Telecom
Tweets: @pstasiatech, @aseymourdc, @matthew_pines, and @adam_tooze
| 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 …
More:
The Verge, The i Paper, and 9to5Mac
Tweets: @kyliebytes, @skdh, @clancynewyork, @stevanzetti, @mingle74, @stokel, and @stokel. Thanks:@stokel
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