February 24, 2023, 11:05 AM

Top News

Tim Hardwick / MacRumors:
Kuo: Apple plans a cheaper second-gen AR/MR headset with two high-end and low-end models, built by Luxcaseict and Foxconn, respectively, likely coming in 2025  —  Apple's cheaper second-generation AR/VR headset will come in two high-end and low-end models, according to Apple industry analyst Ming-Chi Kuo.
Joseph Cox / VICE:
A reporter says he used an AI-generated replica of a voice to bypass the voice verification system of the UK's Lloyds Bank and accessed an account's information  —  Banks in the U.S. and Europe tout voice ID as a secure way to log into your account.  I proved it's possible to trick such systems with free or cheap AI-generated voices.
Source: the DOJ is preparing to file an antitrust lawsuit to block Adobe's $20B Figma acquisition as soon as March; Adobe expects to close the deal in 2023  —  The Justice Department is preparing an antitrust lawsuit seeking to block Adobe Inc.'s $20 billion acquisition of startup Figma Inc., people familiar with the matter said.
The US says the focus of its $39B chip making fund, a part of the $52B CHIPS Act, is on strengthening national security, not subsidizing struggling companies  —  As President Joe Biden's administration prepares to accept requests for $39 billion in funding to jumpstart US production of microchips …
MacKenzie Sigalos / CNBC:
Block reports Q4 revenue up 15% YoY to $4.65B, vs. $4.61B est., Square gross profit up 22% YoY to $801M, and Cash App gross profit up 64% YoY to $848M  —  - Block stock rose slightly in extended trading after the payments company reported fourth-quarter revenue and gross profit that beat Wall Street's expectations.
Brian Fung / CNN:
Filing: DOJ seeks court sanctions against Google in its antitrust suit, citing Google's policy of deleting certain employee chats automatically after 24 hours  —  " data-check-event-based-preview= "" data-network-id="" data-details="  Google should face court sanctions over …
Supantha Mukherjee / Reuters:
Memo: Ericsson plans to lay off 8,500 of its 105K+ employees, or 8% of its staff; in December, the company said it would cut costs by ~$880M by the end of 2023  —  Telecom equipment maker Ericsson (ERICb.ST) will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said.
More: Bloomberg, Neowin, and CNBC
Mitchell Clark / The Verge:
Google expands Magic Eraser, which lets users remove parts of a picture, from Pixel devices to Google One subscribers using Google Photos on Android or iOS  —  Google has announced that the Magic Eraser feature, which tried to automatically remove unwanted parts of a picture and debuted with the Pixel 6 …
Vauhini Vara / Wired:
How the founders of the Buy Nothing Project, which grew via Facebook Groups of neighbors exchanging free stuff, built their own app amid member resentment  —  How an idealistic community for exchanging free stuff tried to break away from Facebook and ended up breaking apart.

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