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January 23, 2023, 1:30 PM
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memeorandum
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| Dina Bass / Bloomberg: |
Microsoft invests in OpenAI, a source says totaling $10B over many years, after 2019 and 2021 investments, to build “increasingly safe, useful, and powerful” AI — Microsoft Corp. is making a $10 billion investment over several years in OpenAI, the creator of the artificial …
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OpenAI, TechCrunch, Wall Street Journal, BleepingComputer, The Verge, PCWorld, SiliconANGLE, VICE, Los Angeles Times, GeekWire, Silicon Republic, VentureBeat, New York Times, DCD, Financial Times, Forbes, ZDNet, CNET, The Hill, Barron's Online, CNBC, Reuters, Thurrott, The Information, Associated Press, Data Center Knowledge, Engadget, TheStreet, CNN, Insider, VentureBeat, iPhone in Canada Blog, Neowin, PetaPixel, Livemint, WRAL TechWire, and Semafor
| Eva Mathews / Reuters: |
Spotify plans to lay off ~6% of its workforce, or ~600 jobs, says content and ad head Dawn Ostroff is leaving, and reorganizes its engineering and product units — Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut …
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Bloomberg, Spotify, Engadget, CNN, New York Times, Silicon Republic, The Hill, Thurrott, The Guardian, PCMag, AppleInsider, The Information, BBC, Reuters, CNET, TechCrunch, Variety, The Hollywood Reporter, Wall Street Journal, Axios, iPhone in Canada Blog, USA Today, Barron's Online, SlashGear, RAIN News, Livemint, Associated Press, TechSpot, Bloomberg, Financial Times, Tech Xplore, The Verge, Insider, Tech.eu, City A.M., CNBC, New York Post, Deadline, CNBC, Music Ally, Top Startups 2023, WRAL TechWire, London Evening Standard, The Irish Times, Slashdot, and Livemint
| Chris Welch / The Verge: |
Apple Mac mini (M2 Pro) review: terrific performance, many ports, Wi-Fi 6E, and Bluetooth 5.3, but no front ports or SD card slot and a tricky peripherals setup — With two processor choices — one for everyday computing, the other for conquering creative work — Apple's littlest Mac has never been more appealing.| Monica Chin / The Verge: |
Apple MacBook Pro (16-inch, M2 Max) review: amazing performance and speakers, big battery life gains, and a great display, but pricey and limited upgradability — Apple's new MacBook Pro 16 with M2 Max has exactly one significant upgrade from the 2021 model: a more powerful chip.
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Forbes, Gizmodo, Marques Brownlee on YouTube, 9to5Mac, Ars Technica, Engadget, TechCrunch, CNET, Macworld, Pocket-lint, British GQ, TheStreet, 9to5Mac, Six Colors, AppleInsider, MacRumors, Brian Tong on YouTube, Cult of Mac, iClarified, Tom's Guide, Laptop Mag, MobileSyrup, iMore, and Brian Tong on YouTube
Tweets: @greengart, @devindra, and @jonyiveparody
| Ben Bajarin / Creative Strategies: |
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Macworld and The Eclectic Light Company
Tweets: @benbajarin, @iancutress, @caro_milanesi, and @benbajarin
| AnnaMaria Andriotis / Wall Street Journal: |
Wells Fargo, Bank of America, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, slated for H2 2023 — Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout
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9to5Mac, PYMNTS.com, CNET, 9to5Google, Barron's Online, Finbold, Bitcoinist.com, Philip Elmer‑DeWitt, Finextra, CNBC, CoinGape, Crowdfund Insider, AppleInsider, and Coinspeaker
Tweets: @davecbenoit, @aaronwall, @tmfjmo, @arturo_p_a, @annairrera, and @tunguz
| David Pan / Bloomberg: |
Binance says Signature Bank plans to only handle $100,000+ transactions starting on February 1, 2023, as the US bank decreases its exposure to the crypto market — Binance, the world's largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 … | Adam Liptak / New York Times: |
SCOTUS asks the Biden administration for its views on the constitutionality of Florida's and Texas' social media laws, likely putting off a decision until 2024 — The laws, enacted by Florida and Texas in response to conservative complaints about censorship, have been challenged under the First Amendment.
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Ars Technica, Bloomberg, Reuters, and Washington Post
Tweets: @stevenmazie, @b_fung, @joshgerstein, @joshgerstein, @anupamchander, @jrhuddles, @lawofruby, @jameeljaffer, and @lawrencehurley
| Rolling Stone: |
Sources: Donald Trump does not want to renew his Truth Social exclusivity contract, expiring in June 2023, and is asking associates for first tweet suggestions — The ex-president is planning his first tweets with a few months to go on his Truth Social contract
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Gizmodo, TheStreet, New York Post, KnowTechie, The Independent, and Bloomberg
Tweets: @jason_kint, @amoneyresists, @jessefferguson, @rollingstone, @goldman, @donmoyn, @rollingstone, @kimmasters, @therickwilson, @jyarow, and @mattnavarra
| Aidan Ryan / The Information: |
Source: Gemini is laying off 10% of staff, at least the third round of cuts at the crypto exchange in eight months; Gemini had 650 to 700 staff near 2022's end — Gemini, the crypto startup whose customers have been caught up in the Genesis bankruptcy, is laying off 10% of staff … | Kenrick Cai / Forbes: |
Deel, which offers HR software for hiring a remote global workforce, announces hitting a $295M ARR on January 1 and raising $50M in Q2 2022 at a $12B valuation — Alex Bouaziz, cofounder and CEO of Deel, is armed with metrics that would be enviable to nearly every software startup CEO.| Tripp Mickle / New York Times: |
The recent tech layoffs highlight a generational divide between younger workers experiencing their first economic downturn and older workers who have seen many — The industry's recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.
Tweets: @neilmunrodc, @jamesfallows, @aaron_renn, @rr_edmonds, and @dorocren
| Wall Street Journal: |
Sources: activist investor Elliott Management acquired a multibillion-dollar Salesforce stake; a partner says the firm has “a deep respect for Marc Benioff” — Elliott Management makes a multibillion-dollar investment in the business-software providerSponsor Posts
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