February 11, 2023, 10:10 AM

Top News

Kevin McLaughlin / The Information:
Source: Microsoft shut its Industrial Metaverse Core team, formed in October 2022 to build tools for industrial settings, and laid off the team's ~100 employees  —  In a surprising reversal, Microsoft has killed a team it formed four months ago to help customers use the metaverse in industrial settings …
Dina Bass / Bloomberg:
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the third goggles version  —  Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices …
Source: PayPal is pausing work on its stablecoin as regulators increase their scrutiny of cryptocurrencies and its key partner Paxos faces a probe in New York  —  PayPal Holdings Inc. is pausing work on its stablecoin as regulators increase scrutiny of cryptocurrencies and a key partner …
Jonathan Greig / The Record:
The City of Oakland confirms reports of a ransomware attack on its networks but says 911, financial data, and fire and emergency resources were not impacted  —  The City of Oakland confirmed reports that its networks had been hit with ransomware after rumors emerged online that several agencies …
Benedict Evans:
An overview of macro tech trends, with a focus on the e-commerce slowdown, Amazon, layoffs, advertising, and generative AI opportunities beyond text and images  —  Presentations Every year, I produce a big presentation exploring macro and strategic trends in the tech industry.  This year, ‘The New Gatekeepers’.
Mark Spoonauer / Tom's Guide:
Samsung Galaxy S23 Ultra review: powerful 200MP camera, awesome display, excellent battery life, and fast processor, but expensive and no charging speed upgrade  —  The Galaxy S23 Ultra packs a stunning 200MP camera along with very fast performance and much longer battery life
Financial Times:
Sources: China Telecom and China Mobile withdrew their ~20% investment in an Asia-Europe subsea cable project after US firm SubCom was chosen to build the line  —  Telecoms groups withdrew investment in Sea-Me-We 6, which will transmit data between Asia and western Europe
Chris Stokel-Walker / Fast Company:
Former staff say Twitter needs to update its systems to enact Elon Musk's asks, but the mass layoffs have brought code freezes and vast concurrent code changes  —  Twitter's outage on Wednesday, which saw the site rendered unusable for most users by blocking people from tweeting within the app …

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More News

Brian Fung / CNN:
Gabrielle Coppola / Bloomberg:
Lauren Feiner / CNBC:

Earlier Picks

Tom Warren / The Verge: