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January 31, 2024, 9:58 AM
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Top News

Washington Post:
A live blog of the Senate Judiciary Committee's hearing on kids' online safety, including testimony from Mark Zuckerberg, Linda Yaccarino, and Evan Spiegel  —  The chief executives of five major tech companies are testifying Wednesday about allegations that they failed to protect children …
Hannah Murphy / Financial Times:
Ahead of a US Senate hearing, lawmakers release 90 pages of internal Meta emails from 2021, showing how Mark Zuckerberg rejected calls to bulk up child safety  —  Heads of Meta and X are among five social media chief executives to face Congress grilling  —  The chief executives of five …
Todd Spangler / Variety:
Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement …
Alphabet:
Alphabet reports Q4 revenue up 13% YoY to $86B, net income up 52% to $20.7B, Google Cloud revenue up 26% to $9.2B, and headcount down 4%+; GOOG drops 5%+  —  MOUNTAIN VIEW, Calif. - January 30, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2023.
Microsoft:
Microsoft reports Q2 revenue up 18% YoY to $62B, net income up 33% YoY to $21.9B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 9% YoY  —  REDMOND, Wash. — January 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2023 …
Jordan Novet / CNBC:
Microsoft reports Q2 Intelligent Cloud revenue up 20% YoY to $25.88B, vs. $25.29B est., with Azure and other cloud services revenue up 30% YoY, vs. 27.7% est.
Tom Warren / The Verge:
Microsoft Q2: devices revenue down 9% YoY, Windows OEM revenue up 11% YoY, Xbox content and services revenue up 61% YoY, search and news ad revenue up 8% YoY
Sheila Chiang / CNBC:
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand  —  - Samsung on Wednesday reported a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month.
Eri Sugiura / Financial Times:
UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017  —  One of the world's largest seizures revealed during trial of woman accused of laundering cryptocurrency for her former employer
Vitalik Buterin / Vitalik Buterin's website:
A look at the four major categories of apps that could emerge at the intersection of crypto and AI, and the prospects and challenges of each category  —  Special thanks to the Worldcoin and Modulus Labs teams, Xinyuan Sun, Martin Koeppelmann and Illia Polosukhin for feedback and discussion.
Tom Warren / The Verge:
Nvidia RTX 4080 Super review: a $200 price cut to $999, 16GB of VRAM, and impressive 4K performance, but not a big performance boost over the RTX 4070  —  Nvidia's RTX 4080 Super is the third and potentially final of Nvidia's refreshed 40-series GPUs.  The RTX 4070 Super got …
Adrienne LaFrance / The Atlantic:
Silicon Valley's powerful companies claim to embrace Enlightenment values, but instead are leading an antidemocratic, illiberal, and authoritarian technocracy  —  Silicon Valley has its own ascendant political ideology.  It's past time we call it what it is.
Adi Robertson / The Verge:
Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images  —  US lawmakers have proposed letting people sue over faked pornographic images of themselves, following the spread …
Nilay Patel / The Verge:
Q&A with Sen. Brian Schatz on Congress' dysfunction in the tech space, regulating tech firms, the EU's DMA, AI, deepfakes, social media laws for kids, and more  —  Today, I'm talking with Senator Brian Schatz of Hawaii.  He's been in the Senate for a little more than a decade now, and he's seen a lot in that time.
More: Bloomberg.  Threads: @aaronrosspowell.  X: @senbrianschatz and @ksandler1
Mark Gurman / Bloomberg:
Source: Figure, which is building a humanoid robot, is in talks to raise as much as $500M in a round led by Microsoft and OpenAI at a $1.9B pre-money valuation  —  - Figure AI is building a humanoid robot to perform hard jobs  — Microsoft weighs leading round that could raise $500 million
Arsheeya Bajwa / Reuters:
AMD reports Q4 revenue down 10% YoY to $6.2B, net income up 3,076% to $667M, Data Center revenue up 38% to $2.3B, Q1 revenue forecast below est.; AMD drops 5%+  —  Chipmaker Advanced Micro Devices (AMD.O) forecast first-quarter revenue below market estimates on Tuesday …
Sam Kessler / CoinDesk:
Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an “absolute cap” of a 12,000 headcount, which was 13,000 in Q3'23  —  The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.
The Information:
Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin  —  When TikTok creators start a livestream to chat about their new favorite hairbrush, dog toy or cleaning product, they're usually doing so from a setup in their own home.
Paige Smith / Bloomberg:
Employee letter: PayPal plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles  —  - CEO Alex Chriss has vowed to improve operating leverage  — Latest round of cuts will affect about 9% of the workforce  —  PayPal Holdings Inc. will reduce …

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From Mediagazer

Rick Edmonds / Poynter:
Gannett fires an experienced editor overseeing 26 community newspapers for “sharing proprietary information” with a “competing media company”, which was Poynter

New York Times:
Sources: if Sony and Apollo acquire Paramount Global, they plan to sell off CBS, cable channels like MTV, and Paramount+, while keeping Paramount Pictures

Sara Fischer / Axios:
Vice Media plans to create a joint venture with Savage Ventures, which will invest “tens of millions of dollars”, to relaunch its sites, including Vice.com

More News

Manish Singh / TechCrunch:
The Reserve Bank of India issues new curbs against Paytm's Payments Bank, including barring new deposits, credit transactions, and more after February 29

Earlier Picks

Kyle Wiggers / TechCrunch:
OpenAI launches the ability for paying ChatGPT users to invoke GPTs directly in chats by typing “@” and selecting a GPT from a list
Ashley Capoot / CNBC:
Elon Musk says that Neuralink implanted its first device in a human on January 28, and its product, Telepathy, will enable control of a user's phone or computer
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