December 7, 2022, 8:40 AM

Top News

Shannon Liao / Washington Post:
Microsoft agrees to a 10-year deal to bring Call of Duty to Nintendo Switch for the first time, pending FTC approval of its Activision deal, but offers no date  —  Microsoft has signed a deal to bring the Activision Blizzard-published Call of Duty franchise to Nintendo for the first time …
Kif Leswing / CNBC:
Apple, AMD, and Nvidia have all indicated plans to buy chips from TSMC's future Arizona fabs, expected to open in 2024 and 2026  —  - Apple CEO Tim Cook spoke at an event in Arizona on Tuesday, ahead of remarks expected by President Joe Biden later in the day, where Cook confirmed Apple will buy chips built in the U.S.
Mark Gurman / Bloomberg:
Sources: Apple reins in its ambitious self-driving plans for its electric vehicle, delayed to 2026, now with a steering wheel, pedals, and highway-only autonomy  —  Apple Inc. has scaled back ambitious self-driving plans for its future electric vehicle and postponed the car's target launch date …
Financial Times:
Sources: FTX reached the late stages of talks with Taylor Swift over a $100M+ sponsorship deal, supported by Swift fan SBF, who faced opposition from FTX execs  —  Negotiations between singer-songwriter and Sam Bankman-Fried's crytpo group collapsed this spring
Financial Times:
William Turton / Bloomberg:
Shaurya Malwa / CoinDesk:
Facing a large deficit in its treasury, DeFi protocol Sushi proposes diverting fees from the Kanpai protocol and reduces its runway requirement from $9M to $5M  —  Developers proposed to divert 100% of fees generated on the platform to Sushi's multisig for one year or until new tokenomics are implemented.
Mark Gurman / Bloomberg:
Apple changes App Store pricing to range from $0.29 to $10,000, from $0.49 to $999.99, starting with subscription apps; top 100 prices require Apple's approval  —  Apple Inc. is changing the pricing structure for the App Store to let developers charge a wider range of amounts …
Faiz Siddiqui / Washington Post:
Twitter ads for Amazon, Snap, Uber, and other major brands appeared on the pages of at least two white nationalists, whose accounts were restored by Elon Musk  —  Ads from dozens of major brands were appearing on white nationalist and extremist accounts  — Ads for more than three dozen …
Parmy Olson / Bloomberg:
OpenAI's ChatGPT presents a potentially serious threat to Google, offering quick, comprehensive answers to difficult questions that require no further searches  —  A new chatbot from OpenAI took the internet by storm this week, dashing off poems, screenplays and essay answers that were plastered …
Gretchen Morgenson / NBC News:
A look at Silvergate, one of the few US banks that let customers move dollars onto crypto exchanges, now drawing congressional scrutiny following FTX's collapse  —  Silvergate is one of the few U.S. banks that let customers move dollars onto crypto exchanges.  FTX and related firms, like Alameda Research, had 20 Silvergate accounts.
Helene Braun / CoinDesk:
Signature Bank plans to reduce its crypto-tied deposits by $8B-$10B to under 15%; as of September 2022, ~23.5% of the bank's $103B deposits came from crypto  —  Nearly a quarter of the Wall Street bank's current deposits come from crypto-related businesses.
Aaron Holmes / The Information:
Sources: Microsoft recently considered building a “super app” that would combine shopping, messaging, search, news, and other services, inspired by WeChat  —  Microsoft recently considered building a “super app” that could combine shopping, messaging, web search …
Cristiano Lima / Washington Post:
Congress omits the Journalism Competition and Preservation Act from the US defense spending bill, following intense pushback from industry and advocacy groups  —  Facebook threatened to block news in the U.S. over the measure, which was under consideration as part of a defense package
Hedge fund Fir Tree Capital sues Grayscale Investments for info on potential mismanagement, as GBTC, down ~74% YTD, trades at a ~43% discount to its BTC's value  —  Fir Tree Capital Management is suing Grayscale Investments for information to investigate potential mismanagement and conflicts …
New York Times:
How Geneva-based developer Proton is waging a sustained fight against Russia's censorship and surveillance campaigns using its VPN tech  —  The cat-and-mouse experience of Proton, a Swiss company, shows what it's like to be targeted by Russian censors — and what it takes to fight back.
McKinsey & Company:
A survey finds that while 50% of businesses are using AI in 2022, 2.5x higher than in 2017, AI adoption has plateaued between 50% and 60% for the past few years  —  Adoption has more than doubled since 2017, though the proportion of organizations using AI 1 has plateaued between 50 and 60 percent for the past few years.
Deepsekhar Choudhury / Moneycontrol:
Sources: India tells Nick Clegg and other Meta executives that takedown requests must be completed within one hour and says Google does a better job than Meta  —  Union IT minister Ashwini Vaishnaw also told Meta that it needs more fact-checkers in India in proportion to the country's population …

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