| CoinDesk: |
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs — The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.| CNBC: |
X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X's systems” and that the account didn't have 2FA enabled — - X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities … | The Verge: |
Twitch CEO Dan Clancy confirms plans to cut 500+ jobs, or 35% of its staff, and says the workforce was oversized for its current position, after March 2023 cuts — Twitch is laying off more than 500 employees, or around 35 percent of its staff, Twitch CEO Dan Clancy announced this morning.| Alex Weprin / The Hollywood Reporter: |
Internal memo: Amazon Studios SVP Mike Hopkins says “several hundred roles” are being cut in its Prime Video and MGM Studios units; both had cuts in early 2023 — Division leader Mike Hopkins said “we've identified opportunities to reduce or discontinue investments in certain areas” in a memo to staff on Wednesday.| Kat Bailey / IGN: |
Valve's Steam plans to add an “AI disclosure section”, asking developers to describe how their games use AI content, and to let gamers report illegal AI content — New survey update will ask developers to disclose how their games use generative AI.| Alex Heath / The Verge: |
Source: Humane laid off 10 staff, or 4% of its workforce, to cut costs and plans to lower budgets in 2024, as the company reshuffles some executive positions — Humane laid off 4 percent of employees this week in a move that was described as a cost cutting measure to those who were impacted … | Jordan Novet / CNBC: |
HPE plans to acquire networking gear maker Juniper Networks for about $14B, or $40 per share, in an all-cash deal; JNPR jumps 21%+ — - HPE is acquiring Juniper Networks for about $14 billion in cash, the companies said Tuesday. — Juniper shares had their best day in 20 years … | Gene Maddaus / Variety: |
SAG-AFTRA signs a deal with AI voiceover company Replica Studios, requiring consent to create voice replicas for use in video games and safe storage of assets — The union announced the deal with Replica Studios on Tuesday at CES in Las Vegas. Duncan Crabtree-Ireland, the union's executive director … | Manish Singh / TechCrunch: |
Apple pulls Binance, Kraken, Mexc, KuCoin, and four other crypto exchanges from the App Store in India, after they were flagged for operating “illegally” — Apple has pulled apps of at least nine crypto exchanges including Binance and Kraken from its App Store in India … | Jane Lanhee Lee / Bloomberg: |
TSMC reports December 2023 revenue down 8.4% YoY to ~$5.7B, Q4 revenue flat YoY to ~$20.1B, beating estimates, and 2023 revenue down 4.5% YoY to ~$69.56B — - Chipmaker's holiday period stopped bleeding of prior quarters — TSMC has advised cautious optimism about semiconductor rebound| Sarah Perez / TechCrunch: |
Data.ai's State of Mobile 2023: global consumer app spending rose 3% YoY to $171B, non-game spending rose 11% YoY to $64B, and app downloads rose 1% YoY to 257B — After the app economy slowed for the first time ever in 2022, things picked up pace again over the past year.| New York Times: |
How RISC-V, the US-developed, open-source chip instruction set architecture, became a central tool for Chinese companies and governments, leading to US concerns — A U.S.-born chip technology called RISC-V has become critical to China's ambitions. Washington is debating whether and how to limit the technology.| Karen Gilchrist / CNBC: |
With half of the world's adults set to vote in 2024, the WEF's Global Risks Report 2024 ranks AI mis- and disinformation ahead of war, climate change, and more — - Concern over the impact of artificial intelligence in disrupting election outcomes has topped the list of the biggest risks for 2024, according to a new report.| Julian Chokkattu / Wired: |
Startup Rabbit debuts the R1, a $199 handheld AI device meant to be a virtual assistant to complete tasks without a smartphone, shipping in late March 2024 — The startup has developed a virtual assistant that learns whatever digital errands you teach it. The interface is extra cute … | Sam Kim / Bloomberg: |
SIA: global chip revenue rose 5.3% YoY to $48B in November 2023, the first YoY growth since August 2022; China sales rose 7.6% YoY and Americas rose 3.5% YoY — - Recovery among chip makers may be uneven as demand returns — Global chip sales rose for the first time in more than a year … | Financial Times: |
How UK online clothes shoppers shifting back to physical stores post-pandemic exacerbated online retailers' challenges, including logistics and new upstarts — The pandemic turbocharged internet clothing sales, but a return to stores has left the UK's ecommerce pioneers with serious challenges| Maria Sherman / Associated Press: |
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% from 2022; Taylor Swift had one in every 78 US streams — Listened to more music last year? You're not alone. — The global music industry surpassed 4 trillion streams in 2023 … | Financial Times: |
Demis Hassabis, chief of DeepMind spinout Isomorphic Labs, believes the company would halve drug discovery times after inking deals with Eli Lilly and Novartis — Chief of Google's AI unit and Isomorphic Labs spells out targets following $3bn Eli Lilly-Novartis partnerships| New York Times: |
Sources: as US-China tensions rise, Microsoft debates what to do with its prized 800-person Beijing research lab, opened in 1998; Microsoft has added guardrails — Amid U.S.-China tensions, the company has faced questions over whether operating an advanced research lab in Beijing is politically tenable.| Andre Gee / Rolling Stone: |
Legendary mixtape platform DatPiff uploads its 50TB cache of 366,420 mixtapes and free albums to the Internet Archive, after a server crash in March 2023 — DatPiff uploaded its extensive free mixtape catalog to the Internet Archive to protect it for the foreseeable future| Nick Carey / Reuters: |
E-scooter rental startups Tier and Dott plan to merge, with their investors Mubadala, Sofina, and others putting in €60M, forming Europe's largest operator — E-scooter rental firms Tier Mobility and Dott said on Wednesday that they will merge to form the largest European operator … | Mike Wheatley / SiliconANGLE: |
Intel unveils AI-enabled SoCs for cars and agrees to buy Silicon Mobility, a French fabless silicon and software company that develops EV energy management SoCs — Intel Corp. is making an ambitious play for the automotive sector with the launch of specialist versions of its newest, artificial intelligence-enabled chips.| Bloomberg: |
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time — - Saudi Arabia dominates tech scene with 52% share of funding — Overall regional funding drops 23% amid shifting landscape| Siddharth Cavale / Reuters: |
At CES 2024, Walmart unveils a generative AI search tool and says it is developing a tool to help InHome users quickly add commonly ordered items to their carts — Walmart (WMT.N) on Tuesday unveiled two new AI-powered tools at the CES conference in Las Vegas to help shoppers quickly search … | Sheila Chiang / CNBC: |
Meituan's market cap fell ~60% from ~$138.2B to ~$56.4B since the start of 2023, weighed down by rising competition and a slowdown in its food delivery business — - Chinese food delivery giant Meituan lost about $82 billion in market cap in 2023 from its yearly high, according to CNBC calculations.| Stephen Nellis / Reuters: |
Aeva, founded by Apple veterans, reaches a $1B deal with Germany's Daimler Truck for self-driving sensors for trucks expected in 2027, but offers few details — Aeva Technologies (AEVA.N) on Tuesday said that it has reached a $1 billion deal with Germany's Daimler Truck (DTGGe.DE) …
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