Techmeme
January 24, 2024, 5:40 AM

Top News

Mark Gurman / Bloomberg:
Sources: Apple pivots to a less ambitious design for its upcoming EV, from Level 4 autonomy to Level 2+, and pushes back its launch from 2026 to 2028 or later  —  - After board meetings, car downgraded to Level 2+ autonomy  — Company pushes back launch from 2026 to 2028 at the earliest
Jonathan Vanian / CNBC:
eBay plans to cut ~1,000 roles, or ~9% of full-time employees, and to scale back its contracts within its “alternate workforce” over the coming months  —  This is breaking news.  Please check back for updates.  — CNBC Councils  — CNBC on Peacock  — Join the CNBC Panel
Sarah Whitten / CNBC:
Netflix reports Q4 revenue up 12.5% YoY to $8.83B, vs. $8.71B est., paid users up 12.8% to 260.3M, vs. 256M est., $938M net income, up from $55M; NFLX jumps 8%+  —  - Netflix added 13.1 million subscribers during the fourth quarter.  — The company now has 260.8 million paid subscribers.
Emma Roth / The Verge:
CNBC:
Sarah Perez / TechCrunch:
Google announces AI features for Chrome on macOS and Windows: Organize Similar Tabs and custom themes rolling out soon in the US, and Help Me Write in February  —  Google's Chrome web browser is getting an infusion of AI technology in the latest release.  The company announced today it's soon adding …
Aisha Malik / TechCrunch:
Google unveils a new Gemini-powered chat-based tool in Google Ads to build Search ad campaigns, out in beta to all English language advertisers in the US and UK  —  Google announced today that Gemini, its family of multimodal large language models, now powers the conversational experience within the Google Ads platform.
Toby Sterling / Reuters:
ASML reports Q4 revenue of €6.67B and net profit up 9% YoY to €2B, both above est., orders grew 3x QoQ to €9B+, and expects 2024 net sales to be similar to 2023  —  ASML Holding NV (ASML.AS), Europe's biggest technology company by market value, on Wednesday reported better …
Sarah Perez / TechCrunch:
X adds support for passkeys for US-based iOS users; the announcement comes shortly after the hack of the US SEC's X account  —  X, formerly Twitter, today announced support for passkeys, a new and more secure login method than traditional passwords, which will become an option for U.S. users on iOS devices.
Basith Rahman P P / MySmartPrice:
Alleged renders of Google's Pixel 9 Pro show a ~6.5-inch display, smaller than the Pixel 8 Pro, a refreshed camera island with three cameras, and a flat frame  —  The upcoming Google Pixel 9 Pro might feature a smaller flat display compared to the Pixel 8 Pro.  —  HIGHLIGHTS
Jordan Novet / CNBC:
SAP plans voluntary buyouts or job changes for 8,000 employees as part of a 2024 restructuring program but says its headcount should remain the same  —  SAP said in a statement on Tuesday that it plans to carry out voluntary buyouts or job changes for 8,000 employees as part of a 2024 restructuring program …
Noam Cohen / Bloomberg:
As Wikimedia Russia shuts down, a look at the Kremlin-compliant Wikipedia alternative Ruwiki, which recently went live, led by an ex-Wikimedia Russia director  —  A campaign to replace the country's Wikipedia with a more pliant alternative seems near completion.
Zac Hall / 9to5Mac:
A US federal judge denies NSO Group's motion to dismiss Apple's lawsuit and orders the Pegasus spyware maker to answer Apple's complaint by February 14  —  Apple has won an early battle against the NSO Group in court today.  Apple sued the Pegasus spyware maker in November 2021 …
Sean Hollister / The Verge:
Framework Laptop 16 review: the modular system offers unprecedented customization, competent at mid-range gaming, but ran hot, froze, and glitched in testing  —  The Framework Laptop 16 is the most ambitious notebook I've ever touched.  There's never been anything like it before.
Gillian Tan / Bloomberg:
NYC-based Bilt Rewards, which converts rental payments to points, raised $200M led by General Catalyst at a $3.1B valuation, and says users spend $20B annually  —  - General Catalyst, Eldridge invest in $200 million equity round  — Startup wants to add neighborhood merchants to rewards program
More: TechCrunch
The Information:
Source: Brex told employees that the fintech is cutting 282 jobs, or ~20% of its staff, saying the team grew “too quickly”, and its CTO and COO are leaving  —  Brex is cutting 20% of its workforce and shaking up senior management ranks in a new effort to slash its cash burn …

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Earlier Picks

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