February 1, 2023, 11:55 AM

Top News

Ian King / Bloomberg:
Intel cuts employee compensation to preserve cash for a turnaround plan, including 25% for CEO Pat Gelsinger, 15% for leadership, and 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 …
David Satin / The Streamable:
Netflix lists its rules and exemptions to prevent password sharing, including that all devices should be on the same “primary” Wi-Fi at least once every 31 days  —  After months of warning subscribers that anti-password sharing measures were coming to Netflix, the company appears to be finally set to unleash them.
Ryan Browne / CNBC:
The UK government lays out plans to regulate crypto, including measures to strengthen rules for lending, disclosures, financial intermediaries, and custodians  —  - The U.K. laid out plan to regulate the cryptocurrency industry.  — The proposals include strengthening rules on crypto lending …
Leah Nylen / Bloomberg:
Sources: a US judge rejects the FTC's bid for a preliminary injunction to block Meta's Within acquisition, giving the FTC one week to decide whether to appeal  —  Meta Platforms Inc. won court approval to buy virtual reality startup Within Unlimited, defeating an effort to block the deal …
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.
Ashley Gold / Axios:
A report by the White House's NTIA describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation to improve competition and choice  —  A new Biden administration report describes Apple and Google as “gatekeepers” of mobile app stores and suggests legislation …
Anna Nicolaou / Financial Times:
Tom Warren / The Verge:
Nvidia is working to fix a Discord bug that slows the memory clocks on some of its GPUs by up to 200MHz, including the RTX 3080 and RTX 3060 Ti  —  Discord is slowing down graphics card memory clocks on some Nvidia GPUs.  A recent Discord update has introduced a bug that slows down memory clocks …
Todd Spangler / Variety:
Netflix adds spatial audio to its $20 per month Premium plan, available for over 700 of its most popular titles; Standard and Basic will get limited support  —  Listen to this: Netflix is hoping audiophiles will upgrade to the $20-per-month Premium tier to gain access to the streamer's full collection …
Lauren Forristal / TechCrunch:
Apple launches its MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, playoffs, and more for $14.99/month or $99/year  —  Today, Apple launched MLS Season Pass in over 100 territories, giving soccer fans access to all MLS matches, Audi 2023 MLS Cup Playoffs …
Jamie Crawley / CoinDesk:
Indiana-based blockchain startup SIMBA Chain, which has worked on various US military projects, raised $30M from the US Air Force, after raising $1.5M in 2020  —  The USAF has granted Simba Chain the increase as part of its aims of “identifying and advancing technologies that have the potential to secure its future dominance.”
Ben Lang / Road to VR:
Meta's Ready at Dawn studio plans to shutter Echo VR, one of the best-rated and most popular free Quest games, after layoffs, to focus on “our next project”  —  As a parting gift, players can claim lots of premium cosmetic items for free  —  The Entire VR Industry in One Little Email
Cheyenne Ligon / CoinDesk:
A US judge amends Sam Bankman-Fried's bail terms, prohibiting him from contacting any current or former FTX or Alameda employees and bans Signal and other apps  —  The tentative order was granted by a New York court on Wednesday after prosecutors asked the former FTX CEO's bail conditions to be amended last week.
Mike Butcher / TechCrunch:
Digital fingerprinting startup Addressable, which claims to have matched over 17M anonymous crypto wallets with social media accounts, raised a $7.5M seed  —  Marketo, which was developed - among other things.- to enhance marketing around social media users, ended up being acquired by Adobe.
Analysis: 2022 was the biggest year for crypto hacking to date, with $3.8B stolen, mainly from DeFi protocols and by North Korea-tied hackers like Lazarus Group  —  2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses.
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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