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February 1, 2024, 4:30 AM
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Jesse Hamilton / CoinDesk:
Celsius emerges from bankruptcy and plans to distribute $3B+ to its creditors, who will also get a stake in the company's new Ionic Digital mining operation  —  The distribution will be made through PayPal and Coinbase.  —  Register Now  —  Celsius will be shipping out more than $3 billion …
Washington Post:
A recap of the US Senate Judiciary Committee's hearing on kids' online safety, with testimony from the CEOs of Meta, TikTok, X, Snap, and Discord  —  The chief executives of five major tech companies are testifying Wednesday about allegations they failed to protect children from abuse on their platforms …
More: U.S. Senate Judiciary Committee, The Verge, The Verge, Engadget, The Record, The Verge, CNN, New York Times, Center for Democracy …, TIME, TechCrunch, Tubefilter, New York Times, Social Media Today, CNBC, Tech Policy Press, Android Headlines, TikTok, NBC News, PetaPixel, Newser, 9to5Mac, The Hill, The Hill, Business Post, C-SPAN on YouTube, Axios, Fight for the Future, Associated Press on YouTube, Washington Post, Axios, Wall Street Journal, Associated Press, Agence France-Presse, NetChoice, Livemint, Bloomberg, and New York Times
Threads: @bostonjoan, @alexheath, and @alex.stamos.  Mastodon: @csmap_nyu@mastodon.social
X: @kurtwagner8, @kurtwagner8, @progresschamber, @stevenlevy, @hawleymo, @zsk, @wexler, @jrhuddles, @ttp_updates, @mattbinder, @danprimack, @sentedcruz, @lincolnsbible, @aricohn, @aftunion, @sayhar, @andymstone, @judiciarydems, @mikeisaac, @parents4sos, @mikeisaac, @cagoldberglaw, @justinbaragona, @alexbarinka, @chuckgrassley, @kurtwagner8, @sentedcruz, @davidshepardson, @sentedcruz, @fairplayforkids, @zsk, @benjamingoggin, @mikeisaac, @cloud_opinion, @kurtwagner8, @evan_greer, @ali_lev, @adamkovac, @amyklobuchar, @kurtwagner8, @tech_oversight, @jason_kint, @tiktokpolicy, @marisasheahill, @designitforus, @mikeisaac, @cagoldberglaw, @asilbwrites, @ttp_updates, @franceshaugen, @jason_kint, @zsk, @jason_kint, @kurtwagner8, @iamsophianelson, @aricohn, @anacabrera, @cspan, @cagoldberglaw, @cagoldberglaw, @rebeccamkern, @mikeisaac, @benjamingoggin, @alexbarinka, @franceshaugen, @_andyburrows, @parents4sos, @zsk, @zamaan_qureshi, @adamkovac, @cendemtech, @aricohn, @judiciarydems, @mollyroseorg, @bebraveglobal, @elizableu, @judiciarydems, @haajrahgilani, and @judiciarydems
LinkedIn: Heidi Saas, Leah Plunkett, and Aaron Haddock, Ph.D.
Taylor Hatmaker / TechCrunch:
Microsoft and X say they support the Kids Online Safety Act; Meta, Discord, and TikTok demur, citing criticism from groups or supporting only some parts of KOSA
Angela Yang / NBC News:
Mark Zuckerberg apologizes to parents in the audience of a US Senate hearing who say that Meta's apps contributed to their children's suicide or exploitation
Rachel Metz / Bloomberg:
OpenAI says GPT-4 poses “at most” a slight risk of helping people create biological threats, per the company's early tests to evaluate “catastrophic” LLM risks  —  Artificial intelligence startup carried out tests as part of efforts to understand and prevent any “catastrophic” risks from its technology.
Dean Takahashi / VentureBeat:
An interview with Unity Chief Product and Technology Officer Marc Whitten, as the company launches official support to build spatial apps for Apple's visionOS  —  Unity has unveiled its support for spatial experiences including support for the Apple Vision Pro that launches on February 2.
Andrew Webster / The Verge:
Microsoft says Pocket Pair's Palworld, still technically in early access, is the biggest third-party Xbox Game Pass launch in history, reaching 7M players  —  Surprise viral gaming hit Palworld continues to reach new player milestones.  Today, developer Pocketpair announced that the game …
Dustin Volz / Wall Street Journal:
The FBI and US DOJ disrupt Volt Typhoon, a uniquely dangerous Chinese hacking operation to hijack hundreds of Cisco and Netgear routers at end-of-life status  —  Chinese hackers prepare to ‘wreak havoc’ against Americans, FBI Director Chris Wray tells Congress
Jeffrey Gottfried / Pew Research Center:
US adults survey: 83% use YouTube, 68% use Facebook, 47% use Instagram; 27% to 35% use Snapchat, WhatsApp, LinkedIn, TikTok, and Pinterest; 22% use X and Reddit  —  YouTube and Facebook are by far the most used online platforms among U.S. adults; TikTok's user base has grown since 2021
Tom Warren / The Verge:
Microsoft says that Teams, Word, Excel, PowerPoint, Outlook, OneNote, Loop, and Copilot features will be available on Apple Vision Pro at launch on February 2  —  Microsoft is launching a suite of its Microsoft 365 apps on Apple's Vision Pro headset later this week.
Alex Weprin / The Hollywood Reporter:
Email to subscribers: Hulu changed its agreement to ban sharing accounts outside of the user's household “unless otherwise permitted by your Service Tier”  —  The Disney-owned streaming service changed its subscriber agreement to ban sharing of accounts outside of individual households.
Kif Leswing / CNBC:
Qualcomm reports Q1 adjusted revenue up 5% YoY to $9.92B, vs. $9.51B est., handset chip sales up 16% YoY to $6.69B, and net income up 24% YoY to $2.77B  —  - Qualcomm beat on revenue and earnings in the quarter.  — The company said it shipped $6.69 billion in handset chips during the December quarter …
Hideaki Ryugen / Nikkei Asia:
MediaTek reports Q4 revenue up 19.7% YoY to $4.1B and net profit up 38.9% YoY to $820M, posting its first YoY increases in revenue and profit in five quarters  —  CEO says generative AI is creating a bigger market for high-end phones  —  MediaTek designs chips for smartphone manufacturers such as China's Xiaomi and Oppo.
More: MediaTek
Aoyon Ashraf / CoinDesk:
An FTX lawyer says the defunct crypto exchange expects to fully repay its customers and has abandoned efforts to restart the platform, due to a lack of buyers  —  Its FTT token surged about 11% after the news.  —  10 Years of Decentralizing the Future  —  May 29-31, 2024 - Austin …
Mary Ann Azevedo / TechCrunch:
Metronome, which offers APIs to help SaaS companies charge customers on a usage basis, raised a $43M Series B led by NEA, bringing its total funding to $78M+  —  Metronome, a startup that helps software companies offer usage-based billing, has raised $43 million in a Series B funding round led by NEA.
Bloomberg:
As the pharmaceutical industry adopts AI to speed up drug development, a look at the challenges facing the industry to prove the effectiveness of AI-aided drugs  —  Machine learning and molecular image recognition are far faster than researchers at identifying potential treatments.
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

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From Mediagazer

Financial Times:
Sources: WBD's board wanted a proposal it could sign immediately, and Netflix was the only bidder whose paperwork was fully executable the night of December 4

Isabella Simonetti / Wall Street Journal:
Vanity Fair and Olivia Nuzzi agree to part ways and let her contract expire at the end of the year, following new allegations about her affair with RFK Jr.

John Koblin / New York Times:
The Netflix-WBD deal should quiet concerns, for now, from CNN employees worried about the prospect of Paramount combining CBS News and CNN in a WBD acquisition

More News

Dean Seal / Wall Street Journal:
The US DOJ says eBay agreed to pay $59M to settle allegations of violating the Controlled Substances Act by allowing the sale of pill presses and other items
MK Manoylov / The Block:
Ripple co-founder Chris Larsen confirms “unauthorized access” to “a few of my personal XRP accounts”, after ZachXBT noted outflows of 213M XRP, worth $112.5M

Earlier Picks

Tej Parikh / Financial Times:
Q&A with Stanford professor Erik Brynjolfsson on generative AI, its potential productivity gains, his “J-curve” and “Turing trap” concepts, job losses, and more
Todd Spangler / Variety:
UMG plans to stop licensing content to TikTok after their deal expires on January 31, saying they didn't reach terms over issues like artist compensation and AI
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