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Techmeme
February 5, 2024, 6:30 PM
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Top News

Rohan Goswami / CNBC:
Snap plans to lay off 10% of its global workforce, or ~529 employees, in part to “promote in-person collaboration”; the company cut 20% of staff in August 2022  —  Social media company Snap said on Monday that it would lay off 10% of its global workforce, or around 529 employees.
Tom Warren / The Verge:
Microsoft Gaming CEO Phil Spencer announces an event next week to share “our vision for the future of Xbox”, amid rumors that Xbox exclusives are coming to PS5  —  Details of Microsoft's multi-platform plans have been gradually leaking, with The Verge revealing over the weekend …
Tom Warren / The Verge:
Source: Bethesda considers bringing its new Indiana Jones game to the PS5 months after its Xbox and PC debut, as part of Microsoft's new multi-platform approach  —  Bethesda's upcoming Indiana Jones game is also tentatively set to launch on Sony's PlayStation 5 console.
Nilay Patel / The Verge:
YouTube says a “Vision Pro app is on our roadmap” but doesn't offer a timeframe; YouTube videos in 360 and VR playback modes are not viewable in visionOS Safari  —  Here's a little bit of an about-face: YouTube now says it has a Vision Pro app on its roadmap.
Bloomberg:
How researchers used AI to read the Herculaneum papyri, charred in 79 AD by Mount Vesuvius' eruption, potentially rewriting key parts of ancient world history  —  A few years ago, during one of California's steadily worsening wildfire seasons, Nat Friedman's family home burned down.
Joseph Cox / 404 Media:
A look at OnlyFake, an underground website that claims to use “neural networks” to generate highly convincing fake IDs for $15; one ID passed OKX's verification  —  This piece was produced with support from The Capitol Forum.  —  An underground website called OnlyFake is claiming to use …
Karissa Bell / Engadget:
The Oversight Board upholds Meta's decision to not remove a maliciously edited video of Biden but urges Meta to update its “incoherent” manipulated media policy  —  However, the board said Meta should update its “incoherent” manipulated media policy.
Anna Nicolaou / Financial Times:
Microsoft strikes an AI deal with Semafor for a breaking news feed called Signals; Ben Smith says it will be written by journalists, using AI as a research tool  —  Collaboration comes as tech giant faces multibillion-dollar lawsuit from the New York Times  —  Microsoft is working …
Will Canny / CoinDesk:
Oobit, which lets consumers pay using crypto while merchants receive fiat currency, raised a $25M Series A led by the investment arm of Tether and others  —  The round also included participation from Anatoly Yakovenko, the co-founder of Solana.  —  Register Now
Sylvia Westall / Bloomberg:
Yandex plans to sell its entire Russian business, including Russia's most popular search engine, to a group led by Yandex management in a deal valued at ~$5.2B  —  - Dutch-registered firm reaches agreement to sell Russian unit  — Fallout from the war in Ukraine forced tech giant to split up
Amy Or / Bloomberg:
Sources: Reddit had over $800M in revenue in 2023, up 20%+ YoY, and was not profitable for the full year but, according to one source, was profitable in Q4  —  - Social site posted over $800 million revenue last year  — Reddit may reveal public IPO filing as soon as this month

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 6:30 PM ET, February 5, 2024.

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

Josh Gerstein / Politico:
The firings of three Stars and Stripes journalists are on hold until September 4, when a judge set an injunction hearing to pause the firings during litigation

Jem Bartholomew / Columbia Journalism Review:
A look at Tom Rosenstiel's idea that journalists should “run toward” AI to improve journalism, using it to collect and analyze data, find false claims, and more

Gene Maddaus / Variety:
California lawmakers unveil a bill that changes state film and TV production tax credits to soften the impact of a new tax credit cap set on corporations

More News

Sam Sabin / Axios:
The US State Department announces a new policy allowing “the imposition of visa restrictions on individuals involved in the misuse of commercial spyware”
Ashley Capoot / CNBC:
Palantir reports Q4 revenue up 20% YoY to $608.4M, vs. $602.4M est., net income $93.4M, up from $30.9M YoY, and LLM tech saw “unrelenting” demand; PLTR up 14%+

Earlier Picks

Kim Bhasin / Bloomberg:
StatusPro, which makes a first-person simulation NFL game for VR headsets, raised a $20M Series A led by GV
Sandali Handagama / CoinDesk:
Montenegro's government says it has extradited Han Chang-joon, the former CFO of Terraform Labs, to South Korea
Reuters:
Sources: soaring appetite for its AI chips and manufacturing constraints have forced Huawei to prioritise AI and slow production for its premium Mate 60 phones
Bloomberg:
A Seoul court acquits Samsung Executive Chairman Jay Y. Lee of stock manipulation charges, removing the threat of a jail time for the billionaire
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