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Techmeme
December 4, 2023, 10:35 AM
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Top News

Manish Singh / TechCrunch:
Spotify lays off ~17% of its workforce, or ~1,500 staff, to “rightsize” its costs, citing slow economic growth and rising capital costs, its third cut in 2023  —  Spotify is eliminating about 17% jobs, its third round of layoffs, as the music streaming looks to become “both productive and efficient.”
Joseph Menn / Washington Post:
Disinformation scholar Joan Donovan claims in a whistleblower filing that her superiors dismissed her after Harvard got Chan Zuckerberg Initiative's $500M gift  —  In a whistleblower complaint, she breaks her silence over events that unsettled other misinformation researchers
Peter Martin / Bloomberg:
US Commerce Secretary Gina Raimondo says her department needs more money to stop China's chip gains and calls out Nvidia for redesigning around the US' curbs  —  - US commerce secretary cites Nvidia designs as case in point  — Tells chip CEOs ‘such is life’ as US security trumps revenue
New York Times:
A deep dive into the founding of DeepMind, OpenAI, and Anthropic, as many of their backers feared the risks of advanced AI but wanted the power to shape it  —  The people who were most afraid of the risks of artificial intelligence decided they should be the ones to build it.
The Guardian:
Investigation: Russia- and China-linked hackers targeted UK nuclear site Sellafield with sleeper malware as far back as 2015; the full extent is still unknown  —  Exclusive: Malware may still be present and potential effects have been covered up by staff, investigation reveals
Paresh Dave / Wired:
Documents: OpenAI signed a letter of intent in 2019 to spend $51M on brain-inspired chips developed by startup Rain AI, in which Sam Altman had invested $1M+  —  Documents show that OpenAI signed a letter of intent to spend $51 million on brain-inspired chips developed by startup Rain.
Benjamin Stupples / Bloomberg:
After Meta jumped 172% in the year to November, Mark Zuckerberg sold 682K shares worth almost $185M via trading plans, his first share sale since November 2021  —  - Meta co-founder unloaded $185 million of stock in November  — Sales come as Meta outperforms most major US tech companies
Mark Gurman / Bloomberg:
Chase Bank could be an ideal Goldman Sachs replacement for Apple Card, as it uses the same Mastercard network and already has a strong relationship with Apple  —  Apple and Goldman Sachs are on the verge of splitting up, and Chase is the ideal partner to step in.

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 10:35 AM ET, December 4, 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

Committee to Protect Journalists:
After the building fire, Hong Kong summoned AFP, FT, NYT, AP, Bloomberg, and WSJ journalists, telling them to avoid “trouble making”, and arrested a commentator

Alex Weprin / The Hollywood Reporter:
The Academy reports fiscal 2025 revenues of $269.2M, up from $263.1M in 2024, after cutting expenses from $220.1M to $208.1M; Oscars revenue grew to $150.5M

Matt Donnelly / Variety:
A look at the auction for the Oscars' TV rights, as sources say Netflix is out, NBCUniversal gains ground, and YouTube and ABC remain active bidders

More News

Bloomberg:
Bitcoin trades above $40K for the first time since May 2022, as the digital asset extends its 2023 rebound on expectations of interest-rate cuts and ETF demand

Earlier Picks

Matt Levine / Bloomberg:
Researchers show AI misalignment in a GPT-4-based stock trading bot that performed insider trading in a simulated environment without being instructed to do so
Christopher Mims / Wall Street Journal:
The threat to Intel now comes from a whole ecosystem of companies, including nearly every tech giant, although the chip giant is still a strong competitor
Maria Sherman / Associated Press:
Kiss' three current members reveal digital avatars of themselves, created by Pophouse and George Lucas' ILM, which will tour as the rock band stops live touring
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