January 16, 2023, 8:20 PM

Top News

Wall Street Journal:
Sources: to win US allies, TikTok proposed a complex, $1.5B plan to reorganize its US operations, including oversight of its content-recommendation algorithms  —  Chinese-owned app proposes giving U.S. officials oversight of its algorithms  —  Two years into negotiations with U.S. regulators …
Sapna Maheshwari / New York Times:
Some US universities, including Alabama's Auburn University and the University of Oklahoma, are banning TikTok on their Wi-Fi networks, annoying some students  —  The school's prohibition brings a geopolitical fight front and center for TikTok's biggest fans: young Americans.
The Block:
3AC founders aim to raise $25M to start “GTX”, a crypto exchange with CoinFlex founders that would let people transfer in FTX claims and get credit in a token  —  - Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC) …
James Vincent / The Verge:
A trio of artists sue Stability AI, Midjourney, and DeviantArt over AI art copyright; a firm suing Microsoft, GitHub, and OpenAI over Copilot filed the lawsuit  —  A trio of artists have launched a lawsuit against Stability AI and Midjourney, creators of AI art generators Stable Diffusion and Midjourney …
Foo Yun Chee / Reuters:
Sources: the European Commission is preparing to send a statement of objections to Microsoft, regarding its $69B Activision Blizzard deal, in the coming weeks  —  Microsoft (MSFT.O) is likely to receive an EU antitrust warning about its $69 billion bid for “Call of Duty” maker Activision Blizzard …
Ezra Reguerra / Cointelegraph:
After North Korea's Lazarus Group moved ~41K ETH, worth ~$63.5M, from the Harmony bridge hack, Binance and Huobi freeze 124 BTC, worth ~$2.6M, linked to Lazarus  —  In a recent tweet, on-chain crypto detective ZachXBT said that the hackers have been moving $64 million in the last weekend.
Qianer Liu / Financial Times:
A look at Deltec, an obscure Bahamian bank that got a $50M loan from an FTX-tied entity in October 2021, and chairman Jean Chalopin, who has ties to FTX leaders  —  The loan was among several deals struck with Jean Chalopin, the head of Deltec and Moonstone banks — and co-creator of Inspector Gadget …
Craig Hockenberry /
Twitterrific developer Craig Hockenberry: Twitter axing APIs for third-party apps without notice is part of the “shit show” and leaves customers in the lurch  —  Well, it happened.  —  We knew it was coming.  —  A prick pulled the plug.  And what bothers me most about it is how Space Karen did it.
William Mauldin / Wall Street Journal:
Russian attacks on Ukraine's electrical grid are straining its mobile network, leading to a global hunt for equipment like batteries to keep the system online  —  Telecom operators and internet providers scour suppliers for better batteries, generators  —  Russia's attacks on Ukraine's electrical grid …
Shaurya Malwa / CoinDesk:
Shiba Inu developers plan to launch a beta testnet of Shibarium, an Ethereum Layer 2 network, in the coming weeks, focusing on metaverse and gaming applications  —  Ecosystem tokens shiba inu, leash and bone will serve as the the upcoming Ethereum-based blockchain.
Ben Jiang / South China Morning Post:
How Apple's supply chain is leaving China: moving some iPad and MacBook production to Foxconn's Vietnam plants, expanded iPhone production in India, and more  —  Four days before Christmas , while China was battening down the hatches to survive the explosion of Covid-19 infections around the country …

Sponsor Posts

Is your CMS solving your content problems, or creating new ones?  —  In a commissioned study written and conducted by Forrester, we revealed that 72% plan to change their CMS platform, is your organization one of them?
How Public Tech Companies De-risk Millions in Revenue Loss  —  Complex products and hybrid teams are today's major growth challenges.  With 50-70% of revenue driven by internal teams beyond sales, how is your org adapting?
The ultimate guide to choosing the right rewards and recognition platform  —  According to a Deloitte survey, employee productivity, performance, and engagement are 14% higher in organizations that prioritize employee recognition programs.
The treasury management platform built for startups  —  Put your idle cash to work, earn higher yields, and extend your runway with Vesto.
Techmeme Ride Home:
Mon. 03/27 - SVB Finds A New Home
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:20 PM ET, January 16, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

More News

Earlier Picks

New York Times: