Techmeme
January 4, 2023, 4:25 AM

Top News

Aaron Holmes / The Information:
Sources: Microsoft is planning to launch a version of Bing that uses OpenAI's tech behind ChatGPT to answer some search queries; the tool could debut in 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.
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:
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 …
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 says it is relaxing its policy for cause-based ads in the US and plans to 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.”
Casey Newton / Platformer:
Twitter Product Engineering Lead Behnam Rezaei and Senior Director of Human Resources Business Partner Katie Marcotte, who was at Twitter for 10 years, resign  —  ByteDance thought it had a deal with the government in August.  Then came the bans — and a spying scandal
Axios:
Sources: crypto payments startup Wyre told its staff that it's 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.
Romain Dillet / TechCrunch:
Nvidia upgrades its $19.99/month GeForce Now plan, now called Ultimate, to support 240 FPS streaming, ultrawide monitors, and more by using RTX 4080-class GPUs  —  Nvidia announced some new features for its cloud gaming service during its virtual CES press conference.
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 …
Patrick McGee / Financial Times:
Apple's market cap sinks below $2T, as its stock closes down 3.74% to $125.07, a year after becoming the first and only public company to hit a $3T market cap  —  Dramatic fall from $3tn in the past year comes amid investor fears over disruptions to its China-based factories
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 Rosato / WVUE-TV:
Under a Louisiana law effective January 1, visitors to websites that contain 33.3%+ pornographic material must verify their age, including by using LA Wallet  —  BATON ROUGE, La. (WAFB) - The porn industry has been around for a while and in today's digital age business is booming.
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

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