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February 24, 2023, 11:05 AM
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Top News

Tim Hardwick / MacRumors:
Kuo: Apple plans a cheaper second-gen AR/MR headset with two high-end and low-end models, built by Luxcaseict and Foxconn, respectively, likely coming in 2025  —  Apple's cheaper second-generation AR/VR headset will come in two high-end and low-end models, according to Apple industry analyst Ming-Chi Kuo.
Joseph Cox / VICE:
A reporter says he used an AI-generated replica of a voice to bypass the voice verification system of the UK's Lloyds Bank and accessed an account's information  —  Banks in the U.S. and Europe tout voice ID as a secure way to log into your account.  I proved it's possible to trick such systems with free or cheap AI-generated voices.
Bloomberg:
Source: the DOJ is preparing to file an antitrust lawsuit to block Adobe's $20B Figma acquisition as soon as March; Adobe expects to close the deal in 2023  —  The Justice Department is preparing an antitrust lawsuit seeking to block Adobe Inc.'s $20 billion acquisition of startup Figma Inc., people familiar with the matter said.
Bloomberg:
The US says the focus of its $39B chip making fund, a part of the $52B CHIPS Act, is on strengthening national security, not subsidizing struggling companies  —  As President Joe Biden's administration prepares to accept requests for $39 billion in funding to jumpstart US production of microchips …
MacKenzie Sigalos / CNBC:
Block reports Q4 revenue up 15% YoY to $4.65B, vs. $4.61B est., Square gross profit up 22% YoY to $801M, and Cash App gross profit up 64% YoY to $848M  —  - Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.
Brian Fung / CNN:
Filing: DOJ seeks court sanctions against Google in its antitrust suit, citing Google's policy of deleting certain employee chats automatically after 24 hours  —  " data-check-event-based-preview= "" data-network-id="" data-details="  Google should face court sanctions over …
Supantha Mukherjee / Reuters:
Memo: Ericsson plans to lay off 8,500 of its 105K+ employees, or 8% of its staff; in December, the company said it would cut costs by ~$880M by the end of 2023  —  Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said.
More: Bloomberg, Neowin, and CNBC
Mitchell Clark / The Verge:
Google expands Magic Eraser, which lets users remove parts of a picture, from Pixel devices to Google One subscribers using Google Photos on Android or iOS  —  Google has announced that the Magic Eraser feature, which tried to automatically remove unwanted parts of a picture and debuted with the Pixel 6 …
Vauhini Vara / Wired:
How the founders of the Buy Nothing Project, which grew via Facebook Groups of neighbors exchanging free stuff, built their own app amid member resentment  —  How an idealistic community for exchanging free stuff tried to break away from Facebook and ended up breaking apart.

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From Mediagazer

New York Times:
WBD says the Ellisons have “consistently misled” shareholders, including claiming Paramount's proposal had a “full backstop” but it “does not, and never has”

Ivan Mehta / TechCrunch:
Meta is testing limiting Facebook professional accounts and Pages to posting just two links per month, unless they subscribe to $14.99+/month Meta Verified

Associated Press:
A US federal judge denied Sarah Palin's bid for a new libel trial against the NYT and rejected her motion for his recusal, after a jury found no libel in April

More News

Ben Lovejoy / 9to5Mac:
Jamf finds Mac cryptomining malware in pirated copies of Final Cut Pro and warns the power of Apple Silicon Macs is making them popular cryptojacking targets
Sarah Perez / TechCrunch:
Meta reforms its penalty system using Oversight Board recommendations to focus more on explaining its content removals and less on giving users posting timeouts
Ankush Khardori / New York Magazine:
An interview with SEC chair Gary Gensler on meeting Sam Bankman-Fried and FTX executives in March 2022 and October 2021, how tokens are securities, and more

Earlier Picks

New York Times:
In its superseding indictment, the US charges that SBF and two unnamed FTX executives made 300+ “unlawful” political donations, including using customers' funds
Nicole Carpenter / Polygon:
Valve recently patched a Dota 2 exploit used by a third-party cheating client, created a honeypot to catch cheaters, and permanently banned over 40,000 accounts
Todd Spangler / Variety:
YouTube rolls out multi-language audio tracks to more creators worldwide; creators saw 15%+ of their watch time from the video's non-primary language in January
Taylor Hatmaker / TechCrunch:
Ben Rubin, who founded Meerkat and Houseparty, announces Towns, a protocol and a web-based chat app, and raised a $25.5M Series A led by a16z Crypto
Shaurya Malwa / CoinDesk:
Coinbase launches Base, a Layer 2 network built on Optimism's OP Stack, offering access to Ethereum, Solana, and others, and has no plans for new network tokens
Osato Avan-Nomayo / The Block:
Binance closed some derivative trading accounts in Australia after an investigation found the customers didn't meet the criteria for wholesale investors
Rosie Perper / CoinDesk:
Spotify tests “token-enabled playlists” that let some NFT holders connect their wallets and listen to curated music, starting on Android in five countries
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