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Techmeme
January 11, 2024, 9:35 AM
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Top News

Reuters:
The US SEC approves spot bitcoin ETFs from BlackRock, Grayscale, ARK 21Shares, Bitwise, WisdomTree, Fidelity, VanEck, Invesco, Valkyrie, Hashdex, and Franklin  —  The U.S. Securities and Exchange Commission has approved 11 spot bitcoin exchange-traded funds, including those of Grayscale …
Jesse Hamilton / CoinDesk:
US SEC Chair Gary Gensler concedes that losing in court after rejecting Grayscale's spot bitcoin ETF left the agency with little choice but to approve such ETFs  —  The SEC chair said a court forced his hand and that the agency's decision to greenlight a spot bitcoin ETF doesn't signal support of that or any other digital asset.
Sarah Wynn / The Block:
The US SEC is working with the FBI to investigate the false X post on January 9 about approving spot bitcoin ETFs; the agency approved 11 of them on January 10
Louise Matsakis / Semafor:
Google lays off hundreds of staff working on Assistant and says the restructuring would help improve Assistant as the company explores integrating newer AI tech  —  Google is laying off hundreds of people working on its voice-activated Google Assistant software and eliminating a similar number …
Abner Li / 9to5Google:
Google reorganizes its Devices & Services teams working on the Pixel, Fitbit, and Nest; Fitbit co-founders James Park and Eric Friedman are leaving Google  —  Google is reorganizing the Devices & Services teams responsible for Pixel, Nest, and Fitbit hardware.
Nico Grant / New York Times:
Sources: several hundred employees from Google's core engineering division received notices that their roles were eliminated and lost corporate access  —  The company, which has been working to trim expenses, laid off employees who worked on core engineering, the Google Assistant product and hardware such as the Pixel phone.
Rachel Metz / Bloomberg:
OpenAI debuts a GPT Store for paid users to share and find custom chatbots and plans to start sharing revenue in Q1; users have already made 3M+ chatbots so far  —  The store will feature a bot leaderboard, and will eventually introduce payments.  —  OpenAI has launched an online store …
Kyle Wiggers / TechCrunch:
OpenAI launches ChatGPT Team, a new subscription plan for teams of up to 149 people, for $30 per user per month, or $25 per user per month billed annually
Dominic-Madori Davis / TechCrunch:
PitchBook: female-founded US companies raised $44.4B out of $170.59B in VC funding in 2023; companies with all-female founding teams raised ~$3.1B, down 39% YoY  —  Female-founded companies in the U.S. raised $44.4 billion out of the $170.59 billion in venture capital allocated last year.
Joe Rossignol / MacRumors:
The US ITC files its opposition to Apple's motion for the Watch Series 9 and Watch Ultra 2 sales ban to remain paused for the duration of the company's appeal  —  The U.S. International Trade Commission (ITC) today formally opposed Apple's motion for the Apple Watch sales ban to remain paused for the duration of Apple's appeal.
Bloomberg:
Sources: OpenAI is in talks with CNN and Fox Corp. to license their text, video, and image content; Time “is in discussions with OpenAI” about a content deal  —  - Startup has said it's in discussions with dozens of publishers  — Negotiations come as OpenAI faces New York Times lawsuit
Emma Roth / The Verge:
After announcing the $199 R1 “Large Action Model” AI handheld at CES, Rabbit sold 10,000 units in one day; second batch orders should ship in April to May 2024  —  The R1, the pocket-size gadget from Rabbit that's supposed to use your apps for you, has already sold out of its first batch.
Bloomberg:
After spending $13M+ on US lobbying in the past decade, Huawei quietly shutters its in-house lobbying operation, ending an effort to overturn the US bans  —  - Chinese firm lost its last Washington fixers in recent months  — Hired hands and Huawei itself have told Congress they're done

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From Mediagazer

Benjamin Mullin / New York Times:
The US Treasury has denied credentials to specific reporters from The New York Times, WSJ, and Bloomberg for the G20 finance meeting in Asheville

Sam Levine / The Guardian:
DHS is using customs summonses, which need no judge's approval, to get journalists' records, even in cases where there is no connection to customs issues

Sonny Bunch / The Bulwark:
An interview with Eriq Gardner on how studios like WBD are weaponizing the DMCA and copyright law to prevent the dissemination of negative reviews and spoilers

More News

Charisma Madarang / Rolling Stone:
Dudesy, a podcast generated by AI and curated by humans, releases an hour-long comedy special featuring an AI recreation of George Carlin, who died in 2008
John Timmer / Ars Technica:
Harvard spinout QuEra, a quantum computing startup, plans to release an error-corrected quantum computer with 10,000 physical and 100 logical qubits by 2026

Earlier Picks

Ivan Mehta / TechCrunch:
X quietly removes the ability for paying subscribers to set an NFT as a profile picture, a feature Twitter launched in January 2022 for Twitter Blue subscribers
Maria Sherman / Associated Press:
Luminate's 2023 report: the global music industry passed 4T streams in 2023, a new record and up 34% YoY; Taylor Swift accounted for one in every 78 US streams
Kat Bailey / IGN:
Valve plans to add an “AI disclosure section” to Steam, asking developers to describe how their games use AI content and to let gamers report illegal AI content
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