Techmeme
October 12, 2022, 1:40 AM

Top News

Adi Robertson / The Verge:
Meta unveils the $1,499 Quest Pro headset, offering eye and face tracking and color passthrough video for mixed reality, shipping on October 25 in 22 countries  —  Meta has finally announced the Meta Quest Pro: a $1,499 virtual reality headset it's been teasing for the past year.
Adi Robertson / The Verge:
Hands-on with Meta Quest Pro: feels like a sophisticated development kit with a thoughtful design, improved controllers, one to two hours of battery, and more  —  Meta's new high-end headset introduces eye tracking and mixed reality for $1,499 … The first thing I notice with the Meta Quest Pro is the fit.
Tom Warren / The Verge:
Meta partners with Microsoft to bring Teams, Office, Windows 365, and Xbox Cloud Gaming to Quest VR headsets in the coming months; Teams will use Meta's avatars  —  Microsoft and Meta looked like they were on a collision course last year, poised to compete heavily for the future of work in the metaverse.
Sam Kessler / CoinDesk:
Mango Markets, a DeFi platform on Solana, says a hacker stole some of its funds “via an oracle price manipulation”; blockchain auditor OtterSec estimates $100M+  —  Mango's MNGO token was down over 40% after suffering from the latest massive decentralized finance exploit.
Meta on YouTube:
A video of Meta's Connect 2022 keynote, showcasing the Quest Pro mixed reality headset, plans for the metaverse, new partnerships, and more  —  See how we're building the future of the metaverse together, and catch the latest updates, announcements and key moments from Connect 2022.Pre-order Meta Que...
Darrell Etherington / TechCrunch:
Bloomberg:
Sources: Intel is planning major job cuts, likely in the thousands, close to October 27; some divisions, including sales and marketing, could see ~20% cuts  —  Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope …
Matt Robinson / Bloomberg:
Source: the US SEC is investigating whether Yuga Labs, the creator of Bored Ape Yacht Club NFTs, violated securities laws by selling its NFTs and ApeCoins  —  The US Securities and Exchange Commission is investigating Yuga Labs Inc., the creator of the popular Bored Ape Yacht Club collection of NFTs …
Chance Miller / 9to5Mac:
Kuo predicts that, in the next three to five years, Apple may be able to supply the US market, or ~25% of global shipments, from assembly sites outside of China  —  Apple analyst Ming-Chi Kuo is out today with some new predictions on how Apple can continue to reduce its reliance on China.
Jay Peters / The Verge:
Meta announces Horizon Worlds avatars are getting legs using an AI model to predict the body's position, an avatar store, avatars are coming to Reels, and more  —  Meta's Horizon avatars will be getting legs.  So far, the company's avatars have weirdly just hovered off the ground …
Mary Ann Azevedo / TechCrunch:
Brex, valued at $12.3B in January 2022, lays off 136, or 11% of its staff, as part of a restructuring, and its CFO departs to join HR software startup Rippling  —  The startup's CFO is departing to join Rippling, which recently entered the spend management space
The Verge:
Q&A with Mark Zuckerberg on the Quest Pro, mixed reality, the Microsoft partnership, metaverse plans, TikTok, BeReal, the Discovery Engine approach, and more  —  A year after rebranding Facebook to Meta, Mark Zuckerberg is still all in on building the metaverse
Kollen Post / The Block:
Crypto exchange Bittrex agrees to a $29.3M settlement with the US Treasury Department over potential liability for sanctions violations between 2014 and 2017  —  - Bittrex is facing record fines from the U.S. Treasury Department over the exchange's lack of sanctions controls between 2014 and 2017.
Noam Scheiber / New York Times:
The Department of Labor proposes a rule that would make it harder for companies to classify US workers as independent contractors; Uber and Lyft drop 5%+  —  A proposed rule, long awaited by labor activists, would make it harder for companies to classify workers as independent contractors.
Jordan Novet / CNBC:
Google partners with Coinbase to let some customers pay for cloud services using crypto, starting in 2023; Coinbase will move some apps from AWS to Google Cloud  —  - Google will start allowing a subset of customers to pay for cloud services with digital currencies early next year.
Justin Baer / Wall Street Journal:
New York grants BNY Mellon, the US' oldest bank, permission to receive some customers' BTC and ETH; BNY will store keys, offer bookkeeping services, and more  —  Founded by Alexander Hamilton, BNY Mellon is the first large U.S. bank to safeguard digital assets alongside traditional investments
Huw Jones / Reuters:
The Financial Stability Board publishes nine crypto regulation proposals for public consultation until December 15, planning to finalize suggestions by mid-2023  —  Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday …
Sara Fischer / Axios:
Over a dozen job openings hint TikTok plans to open fulfillment centers in the US as the company looks to build an “international e-commerce fulfillment system”  —  TikTok is planning to build its own product fulfillment centers in the U.S., creating an e-commerce supply chain system …
Hannah Miller / Bloomberg:
PitchBook: venture capital investment in crypto startups declined 37% YoY in Q3 2022 to $4.44B, the industry's lowest level in more than a year  —  Crypto startups are suffering from this year's mass selloff of digital currencies.  Venture capital investment in the industry sank to its lowest level …
More: PYMNTS.com

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