January 23, 2023, 12:55 PM

Top News

Eva Mathews / Reuters:
Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups  —  Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut of layoffs …
Dina Bass / Bloomberg:
OpenAI announces an investment by Microsoft, a source says totalling $10B over years, after 2019 and 2021 investments, to build “safe, useful, and powerful” AI  —  Microsoft Corp. is making a $10 billion investment over several years in OpenAI, the creator of the artificial …
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: incredible performance and speakers, big battery gains, and gorgeous 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.
Ben Bajarin / Creative Strategies:
Apple's M2 chips appear to have two subtle upgrades, making performance cores more efficient and efficiency cores more performant, helping improve battery life  —  Many years ago, I used to give a presentation to business school students specifically about the semiconductor industry.
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
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 …
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
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.
More: TechCrunch and DeelThanks:@colegarry2
Wall Street Journal:
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.
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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