October 18, 2022, 11:35 AM

Top News

Natasha Lomas / TechCrunch:
Meta confirms it will divest itself of Giphy globally after UK's CMA gives a final order to sell the company, following a court-ordered reassessment in July  —  Bye-bye: Meta has again been ordered by the UK's competition watchdog to sell animated GIF platform, Giphy.  And this time it's final.
Ina Fried / Axios:
Microsoft announced layoffs across multiple divisions on October 17; source: less than 1,000 jobs were cut across various levels, teams, and parts of the world  —  Microsoft announced layoffs across multiple divisions on Monday, Axios has confirmed.  —  Why it matters: The move …
Janko Roettgers / Protocol:
Netflix rolls out a feature globally to let users transfer all their personalized viewing data to a new account, ahead of a crackdown on account sharing in 2023  —  Netflix is making it easier for people to disentangle their personal viewing data: The streaming service is rolling …
Benjamin Mayo / 9to5Mac:
Apple announces a new 11" and 12.9" iPad Pro with M2 chip, Wi-Fi 6E, and a new Apple Pencil hover feature, in stores October 26 and starting at $799 and $1,099  —  Apple today unveiled the new generation of 11-inch and 12.9-inch iPad Pro, powered by the latest M2 Apple Silicon chips.
Avery Menegus / Engadget:
Internal doc: Amazon has a high attrition rate across all levels, costing $8B annually, and workers choose to leave twice as often as layoffs and firings occur  —  Amazon churns through workers at an astonishing rate, well above industry averages.  According to a tranche of documents marked …
Kyle Wiggers / TechCrunch:
Jasper, a service that leverages AI to generate marketing art and copy, raised $125M led by Insight Partners at a $1.7B valuation  —  As the enthusiasm around AI image and text generators grows, Jasper, a startup developing what it describes as an “AI content” platform, has raised $125 million at a $1.7 billion valuation.
Andrew Cunningham / Ars Technica:
Apple will release macOS Ventura and iPadOS 16 on October 24 with the new Stage Manager window management feature  —  Updates drop support for several generations of older hardware, too.  —  The next versions of macOS and iPadOS will be released to the general public on October 24, Apple announced today.
Corrie Driebusch / Wall Street Journal:
Sources: Intel is eyeing a significantly lower sub-$20B valuation for the IPO of its Mobileye self-driving car unit, down from the originally expected $50B+  —  A target valuation of under $20 billion is expected, down from $50 billion  —  Intel Corp. INTC 1.97%▲ …
Nikkei Asia:
Noah Smith / Noahpinion:

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