Techmeme
January 10, 2024, 10:00 AM

Top News

CoinDesk:
An X post from US SEC Chair Gary Gensler says that the @SECGov's “twitter account was compromised”, and that the agency has not approved spot bitcoin ETFs  —  The X account of the U.S. Securities and Exchange Commission, which is deciding whether to approve bitcoin ETFs, “was compromised,” the regulator told CoinDesk.
CNBC:
X confirms the @SECGov account was compromised and says “the compromise was not due to any breach of X's systems” and that the account didn't have 2FA enabled  —  - X said late Tuesday it has completed a preliminary probe into the compromised account of the U.S. Securities …
Cecilia D'Anastasio / Bloomberg:
Sources: Twitch could cut ~500 employees, or ~35% of its staff, as soon as January 10, after concerns over company losses and several top executives leaving  —  Move is designed to stem losses after two rounds of layoffs last year.  —  Amazon.com Inc.'s livestreaming site Twitch is poised …
Kat Bailey / IGN:
Jordan Novet / CNBC:
HPE plans to acquire networking gear maker Juniper Networks for about $14B, or $40 per share, in an all-cash deal; JNPR jumps 21%+  —  - HPE is acquiring Juniper Networks for about $14 billion in cash, the companies said Tuesday.  — Juniper shares had their best day in 20 years …
Alex Heath / The Verge:
Source: Humane laid off 10 staff, or 4% of its workforce, to cut costs and plans to lower budgets in 2024, as the company reshuffles some executive positions  —  Humane laid off 4 percent of employees this week in a move that was described as a cost cutting measure to those who were impacted …
Gene Maddaus / Variety:
SAG-AFTRA signs a deal with AI voiceover company Replica Studios, requiring consent to create voice replicas for use in video games and safe storage of assets  —  The union announced the deal with Replica Studios on Tuesday at CES in Las Vegas.  Duncan Crabtree-Ireland, the union's executive director …
Julian Chokkattu / Wired:
Startup Rabbit debuts the R1, a $199 handheld AI device meant to be a virtual assistant to complete tasks without a smartphone, shipping in late March 2024  —  The startup has developed a virtual assistant that learns whatever digital errands you teach it.  The interface is extra cute …
Manish Singh / TechCrunch:
Apple pulls Binance, Kraken, Mexc, KuCoin, and four other crypto exchanges from the App Store in India, after they were flagged for operating “illegally”  —  Apple has pulled apps of at least nine crypto exchanges including Binance and Kraken from its App Store in India …
Nelson Aguilar / CNET:
Google and Samsung merge their respective Nearby Share and Quick Share features under the Quick Share name, for a more unified cross-Android sharing experience  —  Apple has AirDrop.  Android now has Quick Share.  —  At CES 2024 today, Google announced Quick Share, a collaboration …
Siddharth Cavale / Reuters:
At CES 2024, Walmart unveils a generative AI search tool and says it is developing a tool to help InHome users quickly add commonly ordered items to their carts  —  Walmart (WMT.N) on Tuesday unveiled two new AI-powered tools at the CES conference in Las Vegas to help shoppers quickly search …
Bloomberg:
Magnitt: startups in Saudi Arabia raised $1.4B in 2023, up 33% YoY, for a 52% share of VC funding in the MENA region, beating the UAE for the first time  —  - Saudi Arabia dominates tech scene with 52% share of funding  — Overall regional funding drops 23% amid shifting landscape
Sheila Chiang / CNBC:
Meituan's market cap fell ~60% from ~$138.2B to ~$56.4B since the start of 2023, weighed down by rising competition and a slowdown in its food delivery business  —  - Chinese food delivery giant Meituan lost about $82 billion in market cap in 2023 from its yearly high, according to CNBC calculations.
Iain Martin / Forbes:
Documents: sanctioned Russian billionaire Roman Abramovich quietly invested $63M+ in European startups via London VC firm Target Global between 2015 and 2021  —  Venture capital fund Target Global managed tens of millions of dollars for Roman Abramovich and helped the now-sanctioned oligarch build …
Julie Carr Smyth / Associated Press:
A US federal judge temporarily halts the enforcement of a pending Ohio law that would require children to get parental consent to use social media apps  —  A federal judge issued an order Tuesday temporarily halting enforcement of a pending Ohio law that would require children to get parental consent to use social media apps.
Qianer Liu / Financial Times:
Sources: Chinese companies are repurposing Nvidia's gaming chips for AI to counter US' sanctions; RTX 4090 is one of the most popular models to be repurposed  —  US export controls force developers to strip components from PC graphics cards  —  Chinese companies are resorting to chips repurposed …
More: Finbold and guru3d.com

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