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February 1, 2023, 4:55 AM
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memeorandum
WeSmirchTop News
| Jason Schreier / Bloomberg: |
A look at Microsoft's prized 343 Industries, the studio behind Halo, after a leadership overhaul, layoffs, and more; sources detail a pivot to Unreal Engine — Microsoft Corp. says it's going to keep making new games in the popular Halo franchise at its prized 343 Industries studio — despite rumors to the contrary.
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Windows Central, PC Gamer, Gamereactor UK, Appuals.com, The Information, Press Start, Game Rant, Wccftech, MobileSyrup, WhatIfGaming, GeekWire, Engadget, Dot Esports, Destructoid, IGN, Thurrott, Kotaku, Neowin, GamingBolt, and OnMSFT.com
Tweets: @jasonschreier, @paultassi, @porshapwr, @theactman_yt, @jeremypenter, @jedinabber, @shyway, @artforsaurian, @cyynapse, @vahn16, @zacbowden, and @gamepasscounter
| Casey Newton / Platformer: |
Instagram co-founders Kevin Systrom and Mike Krieger form a venture to explore next-gen social apps; the first is Artifact, a TikTok-like app for news articles — EXCLUSIVE: Meet Artifact, a kind of TikTok for text — Kevin Systrom and Mike Krieger are back.
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Artifact, Zero DD, Transistori, CNET, Base Camp, SiliconANGLE, BGR, TechCrunch, Daring Fireball, Gizmodo, Social Media Today, CNN, and iPhone in Canada Blog
Tweets: @kevin, @seyitaylor, @andrewfrompatio, @rmstein, @abdur, @nikitabier, @nikitabier, @chrismessina, @martinsfp, @rebexxxxa, @scottnover, @malcolmmoore, @caseynewton, @drewcoffman, @mcwm, @lmatsakis, @obrien, @seyitaylor, @j_k9, @sharpshoot, @bryce, @howardlindzon, @amasad, @rollingstone, @taylorlorenz, @rich_harris, @levie, @richontech, @melissamdaniels, @joshconstine, @larakate, @jjvincent, @zoeschiffer, @kantrowitz, @jessicalessin, @rafat, @anoushasakoui, and @erinkwoo
| Ian King / Bloomberg: |
Intel cuts employee pay to preserve cash for investment, ranging from 25% for CEO Pat Gelsinger, 15% for executive leadership, to 5% for mid-level managers — Intel Corp., struggling with a rapid drop in revenue and earnings, is cutting management pay across the company to cope with a shaky economy …
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SemiAnalysis, Oregonian, Globes Online, Financial Times, The Register, The Information, Fortune, Neowin, and Reuters
Tweets: @dylan522p, @rogoway, @eghosao, @teroterotero, @carnage4life, and @dylan522p
| Ina Fried / Axios: |
OpenAI debuts a free web-based tool to help determine if text was written by a machine, rated as “very unlikely”, “unlikely”, “unclear”, “possible”, or “likely” — - “It has both false positives and false negatives,” …
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OpenAI, Thurrott, Silicon Republic, The Week, Agence France-Presse, CNN, Search Engine Land, TechCircle, Associated Press, Neowin, NBC News, BuzzFeed News, Watcher Guru, PCWorld, Mashable, Top Startups 2023, Reuters, iPhone in Canada Blog, SiliconANGLE, The Register, Engadget, Search Engine Journal, MakeUseOf, Voicebot.ai, The Verge, PCMag, VICE, TheStreet, CNBC, Bloomberg, and Semafor
Tweets: @yoda, @bobbrinker, @antoniocasilli, @rustybrick, @samfbiddle, @jamespmcleod, @econompic, @pkedrosky, @youngbloodjoe, @joannastern, @kantrowitz, and @paulg
| Bill Toulas / BleepingComputer: |
Microsoft disabled multiple fraudulent, verified Microsoft Cloud Partner Program accounts for creating malicious OAuth apps used to steal customers' emails — Microsoft has disabled multiple fraudulent, verified Microsoft Partner Network accounts for creating malicious OAuth applications …
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Proofpoint, Microsoft Security …, The Register, The Hacker News, BankInfoSecurity.com, and Dark Reading
Tweets: @proofpoint, @proofpoint, and @proofpoint
| Ashley Capoot / CNBC: |
PayPal plans to lay off ~2,000 employees, or ~7% of its workforce, “over the coming weeks”, as the company addresses the “challenging macroeconomic environment” — - PayPal on Tuesday announced plans to lay off 2,000 employees, or around 7% of its workforce.
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PayPal Newsroom, Silicon Republic, Bloomberg, Business Post, Forbes, Reuters, RTÉ, BBC, Neowin, SiliconANGLE, PYMNTS.com, The Information, The Economic Times, Top Startups 2023, Silicon Valley Business …, Payments Dive, Engadget, Fortune, Livemint, and Associated Press
Tweets: @dimartinobooth and @dimartinobooth
| Jennifer Elias / CNBC: |
Sources and documents: Google asks employees to test potential ChatGPT competitors, including Apprentice Bard, a chatbot that uses its LaMDA conversational tech — - Google is testing ChatGPT-like products that use its LaMDA technology, according to sources and internal documents acquired by CNBC.
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Insider, Engadget, Pocket-lint, and 9to5Google
| Kif Leswing / CNBC: |
AMD reports Q4 revenue up 16% YoY to $5.6B, vs. $5.5B est., net income down 98% YoY to $21M, and Client segment revenue down 51% YoY due to weak PC chip sales — - AMD reported fourth quarter earnings on Tuesday, beating Wall Street expectations for sales and profit, but guided analysts …
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Advanced Micro Devices, Inc., Coinspeaker, Wall Street Journal, Bloomberg, SiliconANGLE, Tom's Hardware, CNBC, The Register, ServeTheHome, Appuals.com, Thurrott, The Information, The Verge, iTnews, VentureBeat, TheStreet, and Reuters
Tweets: @iancutress, @suburbandrone, @chernandburn, and @iancutress
| Sylvia Varnham O'Regan / The Information: |
Sources: seeking to boost Reels' quality, Meta executives are leaning toward relaxing the company's long-standing opposition to sharing ad revenue with creators — When Wall Street analysts dial into an earnings call tomorrow with Mark Zuckerberg, they're likely to pepper the Meta Platforms CEO …
More:
Vogue Business and Digiday
Tweets: @amir, @mattnavarra, @pkafka, @corelampone, @kelliliegel, @theinformation, and @sylviavarnham
| Jonathan Vanian / CNBC: |
Snap reports Q4 revenue flat YoY at $1.3B, vs. $1.31B est., DAUs up 17% YoY to 375M, and a $288M net loss, vs. $23M in net income YoY; stock drops 14%+ — - Snap missed on revenue for the fourth quarter but beat on earnings. — Snap had a rough 2022, as a slowing economy led numerous companies to slash their digital ad budgets.
More:
Wall Street Journal, Mobile Dev Memo, Variety, Snap Inc., dot.LA, The Information, Social Media Today, Bloomberg, The Hollywood Reporter, New York Times, Deadline, and Financial Times
| TJ Denzer / Shacknews: |
EA Q3: revenue up 5% YoY to $1.88B, vs. $2.5B est., net income up 209% YoY to $204M, net bookings down 9% YoY to $2.34B, and lowers FY guidance; stock drops 10% — The game publishing giant reduced its full year revenue expectations by about half a billion dollars in its latest quarter guidance.
More:
Electronic Arts Inc., Electronic Arts Inc., IGN, CNET, The Hollywood Reporter, VentureBeat, Comic Book, StreetInsider.com, TipRanks Financial, Barron's Online, MarketWatch, and Reuters
Tweets: @respawn, @skizzleaxe, @wario64, @bfbulletin, and @femennenly
| Ryan Browne / CNBC: |
The UK lays out plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and crypto custodians — - The U.K. laid out plan to regulate the cryptocurrency industry. — The proposals include strengthening rules on crypto lending …
More:
Bloomberg, BBC, Reuters, Sky News, Financial Times, CoinDesk, and AltFi
Tweets: @emilyjnicolle, @ryan_browne_, @binance, @nickdemarco_, @ruskin147, @zsk, @frances_coppola, and @smtuffy
| Financial Times: |
The US and India launch an initiative to cooperate on critical and emerging technologies, including quantum computing, AI, and semiconductors, to counter China — Effort designed to counter China in the Indo-Pacific and wean New Delhi off its reliance on Russia for weapons| Sohee Kim / Bloomberg: |
As memory prices plunge, SK Hynix reports a ~$1.4B Q4 operating loss, its biggest quarterly operating loss yet, vs. ~$900M est., and a 38% YoY drop in revenue — South Korean chipmaker SK Hynix Inc. reported its biggest quarterly loss on record, due to plunging prices in memory chips as tech demand fell worldwide.
More:
Nikkei Asia, Tech Xplore, Reuters, South China Morning Post, Korea Joongang Daily, The Straits Times, Morningstar, Inc., and ZDNet
Tweets: @samkimasia and @samkimasia
| Jason Nelson / Decrypt: |
Filing: Tesla lost ~$140M on its bitcoin holdings in 2022, with a $204M impairment loss, nearly doubling since 2021, offset by $64M in profits — Tesla lost over $140 million betting on Bitcoin last year, according to a Monday filing with the U.S. Securities and Exchange Commission.
More:
Cointelegraph, Micky, Cryptopolitan, Bitcoin News, and Cryptonews
Tweets: @cointelegraph and @decryptmedia
| Sean Hollister / The Verge: |
Anker admits its Eufy security cameras are not natively E2E encrypted and produced unencrypted video streams for Eufy's web portal, but says the flaws are fixed — / Anker admits its always-encrypted cameras weren't always encrypted — and promises to do better. … First, Anker told us it was impossible.| Bloomberg: |
Western Digital raised $900M from Apollo Global and Elliott, sources say as a precursor to a merger with Japan's Kioxia, as the memory chip industry struggles — Western Digital Corp. is receiving a $900 million investment led by Apollo Global Management Inc., getting financial firepower …
More:
Business Wire, Business Wire, and Reuters
| Tage Kene-Okafor / TechCrunch: |
Egyptian microfinance lending and payments service MNT-Halan raised $260M in equity and $140M in debt via bond issuances at a ~$1B post-money valuation — Egyptian fintech and e-commerce ecosystem MNT-Halan has raised up to $400 million in equity and debt financing from local and global investors …
More:
Reuters, Business Wire, MNT Halan, Founders' Plus, Disrupt Africa, and WeeTracker
| Katie Notopoulos / BuzzFeed News: |
A survey of nearly 25K US adults: 29.5% used Twitter in December 2022 and January 2023 vs. 32.4% in October 2022; Democrats' usage fell as Republicans' was flat — Trust in the platform has dropped among Democrats and risen among Republicans. — The number of people using Twitter in the US …
More:
The COVID States Project. Tweets: @mattnavarra, @katienotopoulos, @davidlazer, and @brettroberts
| Andrew Martin / Bloomberg: |
FS-ISAC report: DDoS attacks targeting banks and other financial firms had increased 22% YoY by November 2022, particularly in Europe, where they rose 73% YoY — Long considered a nuisance, distributed-denial-of-service attacks, or DDoS, are growing problem for banks and other financial businesses, according to a new report.
More:
FS-ISAC, Security Affairs, The Record, and SC Media
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