Techmeme
January 10, 2023, 5:40 PM

Top News

Kate Rooney / CNBC:
Coinbase plans to cut ~950 jobs, or ~20% of its workforce, aiming to reduce its operating expenses by 25% QoQ in Q1 2023, after laying off 18% in June 2022  —  - Coinbase is cutting a fifth of its workforce following an 18% staff reduction in June.  — CEO Brian Armstrong pointed …
Olga Kharif / Bloomberg:
Cameron Winklevoss demands that DCG's board remove CEO Barry Silbert and alleges he and Genesis lied publicly, after his January 8 resolution deadline passed  —  Gemini crypto exchange co-founder Cameron Winklevoss called for the board of Digital Currency Group to remove Barry Silbert …
Zac Bowden / Windows Central:
Sources: Microsoft ditched a dual-screen design for the Surface Duo 3, opting for an internal foldable screen, an external cover display, and a 180-degree hinge  —  Microsoft's next foldable phone will have an internal foldable display.  —  What you need to know
Semafor:
Sources: Microsoft is in talks to invest $10B in OpenAI at a $29B valuation, taking 75% of OpenAI's profits until the investment is recouped and then owning 49%  —  Microsoft has been in talks to invest $10 billion into the owner of ChatGPT, the wildly popular app that has thrilled casual users …
Benj Edwards / Ars Technica:
Microsoft unveils VALL-E, a text-to-speech AI model trained on 60K hours of English speech that can simulate a person's voice from three seconds of sample audio  —  Text-to-speech model can preserve speaker's emotional tone and acoustic environment.  —  On Thursday, Microsoft researchers announced …
Chance Miller / 9to5Mac:
Apple SVP of Services Eddy Cue says App Store developers have made $320B+ since 2008 and lists 900M paid subscriptions, 200+ Arcade games, 70B Shazams, and more  —  Eddy Cue, Apple's senior vice president of services, has penned an open letter celebrating what he calls a “groundbreaking year for entertainment.”
Javier Paz / Forbes:
A breakdown of Binance's known assets, according to Nansen, Glassnode, Defillama, and others, estimates the exchange has ~$50B left, down 24% from November 2022  —  The outflow of cash from Binance is worse than the CEO Changpeng Zhao indicated last month, and it's become considerably more severe since then, a Forbes analysis shows.
Sarah Perez / TechCrunch:
Amazon plans to open Buy with Prime to all US merchants on January 31, letting them offer Prime benefits like free shipping and returns on their own apps  —  Amazon announced this morning it's expanding its Buy with Prime service to U.S.-based merchants by the end of the month.
Ivan Mehta / TechCrunch:
Developers flood Apple's App Store and Google Play with apps listing “ChatGPT” in titles and descriptions; OpenAI doesn't offer a public ChatGPT API or an app  —  ChatGPT is the hottest topic of discussion in the tech industry.  OpenAI's chatbot that answers questions …
Taylor Hatmaker / TechCrunch:
Meta plans to further limit ad targeting users under 18 in February 2023, including removing the options to target teens based on gender and in-app activity  —  Meta is making some changes to how its apps handle advertising and young users.  Under the new rules, advertisers on Instagram …
Paul Alcorn / Tom's Hardware:
Bloomberg:
Sources: former FTX engineering chief Nishad Singh, who has not been accused of wrongdoing, met with US federal prosecutors last week to seek a cooperation deal  —  Former FTX engineering chief Nishad Singh met with federal prosecutors in a bid to become the third member of Sam Bankman-Fried's inner circle …
Financial Times:
Meta contractor Sama plans to cut ~200 staff and close its east African content moderation hub in March 2023; Meta plans to keep 1,500 Sama staff to label data  —  Staff at Nairobi office were moderating graphic and harmful material  —  Meta's east African content moderation hub is shutting …
Cecilia Kang / New York Times:
Common Sense Media survey of 1,358 US teenagers: 75% report having viewed porn online by 17, including 41% seeing images of nudity or sexual acts during school  —  Sexually explicit content has become so prevalent online that teenagers are deluged, according to a new report by a nonprofit child advocacy group.
Bob Van Voris / Bloomberg:
A New York judge sentences Nikhil Wahi, a brother of Coinbase PM Ishan Wahi, to 10 months for a scheme to trade on insider info on the timing of new listings  —  The brother of a former Coinbase Global Inc. product manager was sentenced to 10 months behind bars for his role in a scheme …

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