Techmeme
January 4, 2023, 9:20 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.
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:
CoinDesk:
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:
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.”
Axios:
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.
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 …
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.
New York Times:
Coinbase reaches a $100M settlement with New York regulators over violating anti-money-laundering laws, comprising a $50M fine and $50M to boost compliance  —  The U.S. crypto exchange will pay a $50 million fine for letting customers open accounts with few background checks and spend $50 million to improve compliance.
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 …
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
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 …
Bloomberg:
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 …
Zachariah Kelly / Gizmodo Australia:
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.
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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