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February 1, 2023, 11:40 AM
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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 …
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 …
Anna Nicolaou / Financial Times:
Sources: UMG is in talks with Tidal and others to overhaul streaming economics to pay artists more; ideas include a “bonus pool” and “superfan” subscriptions  —  Group looks into options such as cracking down on bots and adding ‘superfan’ subscriptions
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 …
Politico:
Sources: the UK's semiconductor plan, which missed a publication deadline last fall, has suffered from government disarray, as the US and EU move forward
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 …
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
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.
Chainalysis:
Analysis: 2022 was the biggest year ever for crypto hacking, with $3.8B stolen, primarily from DeFi protocols and by the North Korea-linked Lazarus Group  —  2022 was the biggest year ever for crypto hacking, with $3.8 billion stolen from cryptocurrency businesses.
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.

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This is a Techmeme archive page. It shows how the site appeared at 11:40 AM ET, February 1, 2023.

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From Mediagazer

Alex Weprin / The Hollywood Reporter:
Kamala Harris, who has mostly avoided interviews over the past few months, readies a media blitz, including the Call Her Daddy podcast, The View, and 60 Minutes

Financial Times:
Sources: New York Sun owner Dovid Efune is close to striking a deal to buy The Telegraph for £550M+, more than what others like National World offered

Committee to Protect Journalists:
At least 128 journalists and media workers, all but five of them Palestinian, have been killed in the Israel-Hamas war in the year since the October 7 attack

More News

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

Earlier Picks

Bill Toulas / BleepingComputer:
Microsoft disabled multiple fraudulent, verified Microsoft Cloud Partner Program accounts for creating malicious OAuth apps used to steal customers' emails
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%
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
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%+
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”
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
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