January 4, 2023, 7:50 AM

Top News

Aaron Holmes / The Information:
Sources: Microsoft plans to release a version of Bing that uses OpenAI's ChatGPT tech to answer some search queries, possibly launching as soon as Q1 2023  —  Microsoft could soon get a return on its $1 billion investment in OpenAI, creator of the ChatGPT chatbot, which gives humanlike text answers to questions.
A judge sets SBF's trial for October 2023, allows redacting his bond signers' names for now, and amends his bail terms to prohibit him from accessing FTX funds  —  The presiding judge in the case set a target date for the trial to begin in early October.  —  Join the most important conversation …
Tom Warren / BuzzFeed News:
Sam Bankman-Fried pleads not guilty to all eight criminal charges, including wire fraud and money laundering; if convicted, he faces up to 115 years in prison  —  If convicted on all counts, he faces up to 115 years in prison.  —  Sam Bankman-Fried, the founder and former CEO …
The Verge:
What to expect at CES 2023: advanced driver assistance, iterative TV improvements, Matter-compatible smart home devices, laptops, monitors, hearables, and more  —  CES is almost here.  You can already see it if you look around: announcements about new display tech, news posts filled with spec details …
Chris Welch / The Verge:
Paul Kiernan / Wall Street Journal:
The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”  —  Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices  —  Crypto's Crash Has Been Swift but Largely Self-Contained.
Kate Conger / New York Times:
Twitter plans to relax its longstanding ban on cause-based ads in the US and will expand the political advertising the company permits in the coming weeks  —  Elon Musk's social media service said it would begin to permit cause-based advertising to “facilitate public conversation around important topics.”
Sources: crypto payments startup Wyre told staff that it is shutting down; Bolt planned to acquire Wyre for ~$1.5B but canceled the deal in September 2022  —  Wyre, a crypto payments company founded in 2013, has told employees that it is shutting down amid layoffs, Axios has learned.
Casey Newton / Platformer:
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of HR Business Partner Katie Marcotte both resign; Marcotte was at Twitter for 10 years  —  ByteDance thought it had a deal with the government in August.  Then came the bans — and a spying scandal
Zachariah Kelly / Gizmodo Australia:
Twitter users in Australia and New Zealand report the service being down for over 12 hours, starting around 6:40am AEST on January 4  —  It seems to be every day now that we're writing a story on Twitter, and today's no exception.  Twitter appears to be down or poorly functioning for some users in Australia and New Zealand.
Ron Amadeo / Ars Technica:
Android's director of engineering said Google wants RISC-V as a “tier-1” Android architecture and shared a years-long roadmap at December 2022's RISC-V summit  —  Google's keynote at the RISC-V Summit promises official, polished support.  —  Over the holiday break …
Filipe Espósito / 9to5Mac:
The Wireless Power Consortium and Apple are working on a next-generation “Qi2” wireless charging standard based on MagSafe, set to arrive by the end of 2023  —  Apple's Magsafe is a more convenient way to charge the iPhone using accessories based on the Qi standard …
Sources: China is pausing massive investments and costly subsidies for its chip industry amid a COVID-19 wave, seeking alternatives to help homegrown chipmakers  —  China is pausing massive investments aimed at building a chip industry to compete with the US, as a nationwide Covid resurgence strains …
Shaurya Malwa / CoinDesk:
Bonk, a Shiba Inu-themed coin on Solana issued on December 25, has risen 2,220% in the past week and 150% in the past 24 hours, offsetting some of SOL's decline  —  The memecoin is up over 150% in the past 24 hours and have recorded some of the highest trading volumes on Solana-based decentralized exchanges.
Joseph Menn / Washington Post:
Cybersecurity company Rapid7 hires Peiter “Mudge” Zatko, the former Twitter security chief and whistleblower, to advise consulting clients  —  Former Twitter security chief Peiter Zatko, whose whistleblower claim against the company triggered multiple ongoing investigations …
More: SC Media
Nivedita Balu / Reuters:
Memo: Salesforce plans to lay off around 10% of its staff and close some offices, expecting to incur $1.4B to $2.1B in charges for the restructuring  —  Salesforce Inc (CRM.N) said on Wednesday it would lay off about 10% of its employees and close some offices as a part of its restructuring plan …
Sarah E. Needleman / Wall Street Journal:
The Communications Workers of America says that ~300 quality-assurance testers in Microsoft's ZeniMax unit voted to form a union, Microsoft's first in the US  —  Around 300 employees at company's videogame unit ZeniMax vote to organize with Communications Workers of America
Matt Levine / Bloomberg:
The US case against alleged Mango Markets manipulator Avraham Eisenberg highlights traders treating crypto as a game, forgetting the real-world consequences  —  Mango  —  So here's a trade.  — You open two accounts on a commodity futures exchange, Account A and Account B.

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