Techmeme
February 12, 2023, 2:55 PM

Top News

Financial Times:
Sources: Meta delayed finalizing multiple teams' budgets while preparing a fresh round of job cuts, slowing down projects even for the metaverse and advertising  —  Mark Zuckerberg's aim of wrestling costs in his ‘year of efficiency’ causes disruption at the social media company
Emma Roth / The Verge:
Opera says it is testing a new ChatGPT-powered “shorten” feature in its browser that provides bulleted summaries of articles or webpages in the sidebar  —  The feature, called “shorten,” is part of the company's broader plans to integrate AI tools into its browser, similar to what Microsoft's doing with Edge.
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 …
Clare Duffy / CNN:
Pathmatics estimates the monthly revenue from Twitter's top 1,000 advertisers fell 60%+ from around $127M in October 2022 to just over $48M by January 25, 2023  —  New York CNN —  —  More than half of Twitter's top 1,000 advertisers in September were no longer spending on the platform …
Jonathan Greig / The Record:
The City of Oakland confirms reports of a ransomware attack on its networks but says that 911, financial data, and fire and emergency resources weren't impacted  —  The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
Steve Nadis / Quanta Magazine:
A look at “liquid” neural nets, which change their underlying algorithms based on observed inputs, making them more flexible than standard ML neural networks  —  “Liquid” neural nets, based on a worm's nervous system, can transform their underlying algorithms on the fly, giving them unprecedented speed and adaptability.
Benedict Evans:
A 2023 overview of macro tech trends, focusing on the e-commerce slowdown, layoffs, Amazon, 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’.
Jennifer Elias / CNBC:
Charlotte Van Campenhout / Reuters:
An advertising joint venture by Deutsche Telekom, Orange, Telefonica, and Vodafone to rival Meta and Google wins unconditional EU antitrust approval  —  Deutsche Telekom (DTEGn.DE), Orange (ORAN.PA), Telefonica (TEF.MC) and Vodafone (VOD.L) on Friday secured unconditional EU antitrust approval …
Jonathan Vanian / CNBC:
Meta's limited ad targeting options and Amazon's ad product investments are leading brands to shift their budgets to Amazon; Amazon's ad business grew 19% in Q4  —  - Facebook's more limited targeted capabilities coupled with Amazon's investment in ads products is leading a growing number of brands to shift their ad budgets.

Sponsor Posts

Tribe AI:
Is AI just hype?  —  Find out how top enterprises use Tribe to get real business results.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
Zoho:
All new Zoho Workerly 2024  —  Staffing businesses around the world face a unique set of challenges when it comes to managing their temporary workforce.  With a constantly shifting job market and changing staffing needs …
Comprehensive.io:
Browse salary data from 3,000 startups for free  —  Click for FREE, immediate access to real-time compensation benchmarking data.  Paid version helps HR automate comp reviews and communicate total compensation to employees.
The Kevin Rose Show:
Henry Shukman, Lessons from an Authentic Zen Master
Gain unconventional wisdom and insights through conversations with top expert in AI, investing, wellness, technology, and culture.
Techmeme Ride Home:
Thu. 03/28 - Claude 3 Opus Surpasses GPT-4 For The First Time
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 2:55 PM ET, February 12, 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

Louise Matsakis / Semafor:

Earlier Picks

Antonio Olivo / Washington Post: