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January 2, 2024, 3:05 AM
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Dan Primack / Axios:
Filing: Fidelity marks down the value of its X stake, estimating the company is worth ~28% of the $44B that Elon Musk paid, down from 33% in May 2023  —  Fidelity has again marked down the value of its shares in X Holdings, which the mutual fund giant helped Elon Musk buy for $44 billion when the company was known as Twitter.
John Kruzel / Reuters:
In his year-end report, SCOTUS Chief Justice John Roberts says AI is a mixed blessing for the legal field, urging “caution and humility” as the tech is adopted  —  Artificial intelligence represents a mixed blessing for the legal field, U.S. Supreme Court Chief Justice John Roberts …
Bloomberg:
Sources: ASML canceled shipments of some of its machines to China at the US' request, weeks before export bans on the high-end chipmaking equipment took effect  —  - ASML canceled shipments of a liminted number of devices  — Biden is cracking down on Beijing's semiconductor industry
Mohar Chatterjee / Politico:
A look at AI chatbots modeled on real experts, like US psychologist Martin Seligman, that are often created without permission, highlighting a policy gray area  —  New AI-generated digital replicas of real experts expose an unnerving policy gray zone.  Washington wants to fix it, but it's not clear how.
Michael Acton / Financial Times:
A look at the future of Apple's $85B/year services business, as the company faces key US court cases in 2024 and prepares to allow iOS app sideloading in the EU  —  Landmark EU regulation and crucial US court cases due in 2024 will test the tech company  —  Apple faces a legal reckoning in 2024 …
Ash Parrish / The Verge:
The scope and scale of layoffs in the video game industry in 2023 was far beyond a typical year, with an estimated 10,466 workers losing their jobs globally  —  Layoffs are an unfortunate reality of any industry, but the scope and scale of video game layoffs in 2023 are far beyond a typical year.
Keza MacDonald / The Guardian:
A profile of Mario and Zelda creator Shigeru Miyamoto, who joined Nintendo in 1977 and says he has no plans to retire as representative director at the company  —  Few people have influenced global pop culture as much as the creator of Mario and Zelda, widely considered the father of modern gaming.
Bloomberg:
Filing: Baidu terminates its $3.6B acquisition of Joyy's Chinese livestreaming business YY Live, as some conditions haven't been met; Joyy seeks legal advice  —  - Tech industry's focus has turned to generative AI now … The Beijing-based company said its $3.6 billion deal for Joyy's YY Live …
Tim Bradshaw / Financial Times:
Counterpoint: ~16M foldable phones were sold in 2023, just 1.3% of all 1.2B smartphones, as foldables start to gain traction in markets like the US and China  —  Samsung, Motorola and Huawei continue to invest in high-priced flip devices despite weak sales  —  Every large smartphone maker …
Nikkei Asia:
Nikon, Sony, and Canon are developing camera tech that embeds digital signatures in images so that they can be distinguished from realistic AI-generated fakes  —  Digital signatures to provide way to tell real photos from  —  Sony will release a firmware for professional-grade cameras to embed digital signatures to photos.
More: PCMag and TechLifeWeb
Mastodon: @carnage4life@mas.to.  X: @stevesi, @anastasiabekt, and @mikecane.  LinkedIn: Tariq Krim

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About This Page

This is a Techmeme archive page. It shows how the site appeared at 3:05 AM ET, January 2, 2024.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

Financial Times:
Sources: WaPo is losing about $100M per year but aiming to break even by the end of 2026, which could unlock fresh funding from Jeff Bezos

Todd Spangler / Variety:
Filing: Amazon's spending on content, including music, sports rights, and licensed and produced TV and film, rose 10% YoY to $22.4B

The Guardian:
The UK raises the TV license fee, the BBC's main funding source, from £174.50 to £180 a year from April 1, saying it gives the BBC a “stable financial footing”

More News

J. Edward Moreno / New York Times:
The lawsuits against tech companies could shape what copyright means for AI, or simply serve as leverage for plaintiffs to secure more favorable licensing deals
Joan Westenberg:
With its emphasis on user privacy, Apple is one of the few tech companies that could develop new AI data usage paradigms, setting much-needed industry standards
Michael Koziol / IEEE Spectrum:
A look at Wi-Fi 7, slated for certification in Q1 2024, with multi-link operations that allow devices to spread a data stream across multiple frequency bands
Justin Garrison / Justin Garrison:
An AWS developer claims Amazon is “silently sacking” staff by pushing them to take a different role that they would quit later, to avoid the need for severance
Brendan Bordelon / Politico:
How effective altruism, which some say has morphed into an AI doomsday-obsessed cult, influences how the White House, Congress, and think tanks approach AI

Earlier Picks

Anil Dash / Rolling Stone:
In 2024, the internet could see the biggest reshuffling of power in 25 years, due to a resurgent “human web” and regulators forcing tech giants to open up
Cristina Criddle / Financial Times:
A look at the rise of AI-generated virtual influencers, with some charging thousands of dollars to promote products, leading to concerns from human influencers
Rita Liao / TechCrunch:
Chinese robotaxi companies are shifting to less advanced but more commercially viable smart-driving solutions, as funding dries up and losses continue to mount
Aaron Tilley / Wall Street Journal:
A profile of Joe Kiani, whose company Masimo spent ~$100M suing Apple, as some say his aggressive use of the US patent system stymies the innovation of others
The Information:
Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
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