Techmeme
January 11, 2023, 1:40 PM

Top News

Reuters:
The FAA says normal air traffic is “resuming gradually” across the US after its Notice to Air Missions system failed; FlightAware: 5,400+ flights were delayed  —  U.S. flights were slowly beginning to resume departures and a ground stop was lifted after the Federal Aviation Administration …
More: Federal Aviation Administration, New York Times, Bloomberg, CNN, The Register, Sky News, CNBC, The Hill, MarketWatch, Silicon Valley Business …, Gizmodo, DCD, Computerworld, NPR, Associated Press, Data Center Knowledge, CNN, ZDNet, Washington Post, Axios, Wall Street Journal, Insider, CIO Dive, Livemint, Federal Computer Week, SecurityWeek, Semafor, ABC News, BankInfoSecurity.com, Beyond Search, NBC News, Ars Technica, VICE, Fox Business, Wall Street Journal, Fortune, Bloomberg, TechCrunch, People.com, UK Aviation News, Metro.co.uk, Mediaite, New York Post, Forexlive, Financial Times, HuffPost UK, ITV News, Deadline, PCMag, TIME, Engadget, The Verge, The Hill, and BBC
CoinDesk:
Bankruptcy hearing: FTX has recovered $5B+ so far, excluding $425M held by the Bahamas or “illiquid cryptocurrency tokens”; FTX's Alameda credit line was $65B  —  The announcement substantially raises the total FTX has recovered since filing for bankruptcy last year but it's still short of what customers are owed in total.
Financial Times:
Court documents: Sam Bankman-Fried invested $20M in Paradigm's $2.5B Paradigm One fund in late 2021, before the fund then invested in FTX and FTX US  —  Court documents shed light on Sam Bankman-Fried's circular transactions  —  Sam Bankman-Fried invested $20mn in a large venture capital fund …
Jeremy Hill / Bloomberg:
Mark Gurman / Bloomberg:
Sources: Apple plans to design and develop its own displays for mobile devices, starting with microLED screens for the Apple Watch Ultra by the end of 2024  —  Apple Inc. is planning to start using its own custom displays in mobile devices as early as 2024, an effort to reduce its reliance …
Sarah Perez / TechCrunch:
Apple launches Business Connect, letting US businesses update and manage information across Maps and other services, something Google Maps has had since 2005  —  Apple Maps today is gaining a new tool that will allow the decade-plus-old service to better compete with Google …
Mitchell Clark / The Verge:
Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no option to change it, rolling out on iOS first  —  Twitter is changing how you move between the algorithmically-driven timeline and the reverse chronological one and making the algorithmic feed the default.
Bloomberg:
Binance admits flaws in maintaining its Paxos-managed BUSD stablecoin, which should be backed 1:1; ChainArgos: BUSD was undercollateralized by $1B+ in 2020-21  —  Binance Holdings Ltd., the biggest cryptocurrency exchange, acknowledged past flaws in the management of its stablecoin's reserves …
New York Times:
Sources: Twitter has considered selling usernames through online auctions to generate new revenue  —  The company has discussed selling some user names through online auctions, people with knowledge of the plans said.  —  Twitter has considered selling user names to generate new revenue as its owner …
Tweets: @martinsfp and @goldman
Angus Loten / Wall Street Journal:
Analysts say Salesforce's customers do not seem to be swayed by Slack; the messaging service's revenue growth declined from 11.7% in Q1 2022 to 6.9% in Q3 2022  —  Carhartt's CIO says the addition of the messaging app hasn't made Salesforce's products more appealing
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 …
Amanda Pedersen / Medical Device + Diagnostic Industry:
A US ITC judge rules that some Apple Watches infringe on one of five Masimo pulse oximeter patents related to using light sensors to measure blood oxygen levels  —  An International Trade Commission judge ruled that Apple infringed on one of five Masimo patents related to using light sensors …
Richard Waters / Financial Times:
After Chinese researchers claimed today's quantum computers could break RSA encryption, Western experts caution that any commercial benefits are years away  —  China claims to have made a major breakthrough but western experts say any commercial benefits are still years away
Javier Espinoza / Financial Times:
How Section 19a of the German Competition Act gives antitrust authorities the power to divest and sanction Big Tech, as the EU slowly rolls out its enforcement  —  While EU regulators slowly roll out their own enforcement mechanism, Berlin is already holding gatekeepers to account
Nilay Patel / The Verge:
Cory Doctorow and law professor Rebecca Giblin on their new book, Chokepoint Capitalism, and how tech platforms monetize creators via distribution bottlenecks  —  It's a book about artists and technology and platforms and how different kinds of distribution and creation tools create chokepoints …
Ingrid Lunden / TechCrunch:
Cologne-based DeepL, which offers instant translation-as-a-service to businesses and individuals, raised $100M to $125M led by IVP at a €1B valuation  —  Artificial intelligence startups, and (thanks to GPT and Open AI) specifically those helping humans communicate with each other …
More: Tech.eu, IVP, and BTOV

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More News

Tyler Coates / The Hollywood Reporter:
Jai Vijayan / Dark Reading:

Earlier Picks

Reuters:
Steven Church / Bloomberg:
Allison Johnson / The Verge: