Techmeme
January 12, 2023, 1:15 PM

Top News

Lucinda Shen / Axios:
Sam Bankman-Fried publishes a Substack post offering his account of how FTX collapsed, sticking to his claims of innocence, even as ex-executives plead guilty  —  Disgraced FTX founder Sam Bankman-Fried on Thursday published his account of how the crypto company collapsed.
Tim Reynolds / Associated Press:
A federal judge terminates FTX's 19-year, $135M naming rights deal with Miami-Dade County's Heat arena, a massive undertaking involving the roof and more  —  The naming rights deal between FTX and Miami-Dade County was terminated Wednesday by a federal bankruptcy court …
Forbes:
JPMorgan Chase is suing the founder of Frank, a student loan software startup acquired for $175M, over allegedly lying about scale by creating 4M+ fake users  —  The financial giant is suing the founder of a Mark Rowan-backed startup it acquired, claiming the fintech, Frank, had sold the financial giant on a “lie.”
Bloomberg:
Bulgarian police say London-based crypto lender Nexo's office in Sofia was raided on Thursday, seeking information on suspected money laundering and tax crimes  —  Crypto lender Nexo's office in Sofia was raided by Bulgarian police on Thursday as part of an investigation into suspected money laundering and tax crimes.
Kali Hays / Insider:
Sources: Twitter is leaving 12+ offices due to closures or not paying rent, including in Hong Kong, the Philippines, Mexico, Australia, South Korea, and India  —  - Twitter is leaving at least a dozen international offices due to closures or not paying rent.  — Hubs in Europe and even Twitter's headquarters in Asia are shuttered.
Ron Miller / TechCrunch:
Canalys, IDC, and Gartner report global PC shipments fell for the fourth consecutive quarter in Q4 2022, by 28%-29% YoY to 65.3M-67.2M units; Dell fell ~37% YoY  —  When you look at fourth quarter worldwide PC sales data from Canalys, IDC and Gartner, it's fair to say that the news was not great …
Nikou Asgari / Financial Times:
Sources: crypto broker Genesis owes creditors over $3B, leading DCG to explore selling parts of its venture capital holdings, estimated at ~$500M, to raise cash  —  Barry Silbert's conglomerate weighs offloading venture assets to help wholly owned digital asset lender
David Shepardson / Reuters:
A look at the FAA's struggles to modernize air traffic control, such as improving safety notices to pilots and ending the use of paper strips to track aircraft  —  The breakdown of a key computer system, which resulted in the suspension of U.S. flight departures on Wednesday …
Tim Bradshaw / Financial Times:
Mark Gurman / Bloomberg:
Sources: Apple is working on Macs with a touchscreen; the first model may be a MacBook Pro with an OLED display supporting gestures, set to be released in 2025  —  Apple Inc. is working on adding touch screens to its Mac computers, a move that would defy long-held company orthodoxy and embrace …
Joe Rossignol / MacRumors:
Kuo: mass shipments of second-generation AirPods Max and AirPods with a $99 price target will likely begin in the second half of 2024 or the first half of 2025  —  Mass shipments of second-generation AirPods Max and more affordable AirPods will likely begin in the second half of 2024 …
Reuters:
TSMC reports Q4 revenue up 26.7% YoY to $19.93B and net income up 78% YoY to ~$9.72B, beating estimates of ~$9.5B, even as the chip industry downturn continues  —  Taiwanese chipmaker TSMC (2330.TW) reported a forecast-beating 78% rise in quarterly profit on Thursday, as strong sales …
Gavin Bonshor / AnandTech:
Intel unveils its Core i9-13900KS CPU, clocked at 6GHz out of the box, with eight performance cores, 16 efficiency cores, and a 150W TDP, available now for $699  —  Initially mentioned during their Innovation 2022 opening keynote by Intel CEO Pat Gelsinger, Intel has unveiled …
Jacquelyn Melinek / TechCrunch:
Amazon partners with Ava Labs, which develops the Avalanche blockchain, to support Avalanche's infrastructure and dApp ecosystem through its AWS marketplace  —  Amazon Web Services (AWS) has partnered with Ava Labs, the company building out layer-1 blockchain Avalanche …
Andrew Romero / 9to5Google:
Allegedly official Samsung Galaxy S23 marketing images leak, showing four colors, no vertical camera bar, and more; S23 Ultra is rumored to have a 200MP camera  —  The Galaxy S23 from Samsung is set to be announced on the first day of February.  Even though that's a given …
Rosie Perper / CoinDesk:
Yuga Labs announces Dookey Dash, a skill-based game accessed via a free mint on January 17 for BAYC holders and played between January 18 and February 15  —  The gamified expansion of its Bored Ape Yacht Club ecosystem involves minting a free Sewer Pass to play a game called Dookey Dash.
Reed Albergotti / Semafor:
Sources: Coinbase's internal “sentiment” tracker showed Sam Bankman-Fried's FTX was consistently viewed more favorably by the media right up until its collapse  —  Crypto exchange Coinbase has for years tracked how the company is portrayed in the press and online, and that …
Frank Landymore / Futurism:
CNET has been using an “AI engine” to write financial explainers under a CNET Money byline since November 2022, reviewed, fact-checked, and edited by a human  —  Next time you're on your favorite news site, you might want to double check the byline to see if it was written by an actual human.
Gary Marcus / The Road to AI We Can Trust:
Source: OpenAI will get all of the equity back once $92B in profit plus $13B in initial investment are paid to Microsoft and once other investors earn $150B  —  I don't usually write about business deals, much less about rumors about business deals, but this one has me scratching my head …

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