January 31, 2024, 8:45 AM

Top News

Todd Spangler / Variety:
Universal Music Group plans to cease licensing content to TikTok after their agreement expires on January 31, saying they failed to reach new licensing terms  —  UMG said that its agreement with TikTok is set to expire on Jan. 31.  “The companies have not agreed to terms for a new agreement …
Hannah Murphy / Financial Times:
Ahead of the Senate hearing, Mark Zuckerberg calls for requiring Apple and Google to verify ages via app stores; Linda Yaccarino and Evan Spiegel support KOSA  —  Heads of Meta and X are among five social media chief executives to face Congress grilling  —  The chief executives of five …
Microsoft reports Q2 revenue up 18% YoY to $62B, net income up 33% YoY to $21.9B, Office Commercial revenue up 15% YoY, and LinkedIn revenue up 9% YoY  —  REDMOND, Wash. — January 30, 2024 — Microsoft Corp. today announced the following results for the quarter ended December 31, 2023 …
Jordan Novet / CNBC:
Tom Warren / The Verge:
Alphabet reports Q4 revenue up 13% YoY to $86B, net income up 52% to $20.7B, Google Cloud revenue up 26% to $9.2B, and headcount down 4%+; GOOG drops 5%+  —  MOUNTAIN VIEW, Calif. - January 30, 2024 - Alphabet Inc. (NASDAQ: GOOG, GOOGL) today announced financial results for the quarter and fiscal year ended December 31, 2023.
Sheila Chiang / CNBC:
Samsung reports Q4 revenue down 3.8% YoY to ~$51B, vs. ~$52.1B est., operating profit down ~35% YoY to ~$2.1B, vs. ~$2.6B est., and rising 2024 memory demand  —  - Samsung on Wednesday reported a 34.57% drop in operating profit in the fourth quarter from a year ago, in line with its guidance issued earlier this month.
Eri Sugiura / Financial Times:
UK prosecutors say the Met Police seized 61K bitcoin, worth £1.4B+, in 2018, as part of a trial over an alleged ~£5B investment fraud in China between 2014-2017  —  One of the world's largest seizures revealed during trial of woman accused of laundering cryptocurrency for her former employer
Vitalik Buterin / Vitalik Buterin's website:
A look at the four major categories of apps that could emerge at the intersection of crypto and AI, and the prospects and challenges of each category  —  Special thanks to the Worldcoin and Modulus Labs teams, Xinyuan Sun, Martin Koeppelmann and Illia Polosukhin for feedback and discussion.
Mark Gurman / Bloomberg:
Source: Figure, which is building a humanoid robot, is in talks to raise as much as $500M in a round led by Microsoft and OpenAI at a $1.9B pre-money valuation  —  - Figure AI is building a humanoid robot to perform hard jobs  — Microsoft weighs leading round that could raise $500 million
Adrienne LaFrance / The Atlantic:
Silicon Valley's powerful companies claim to embrace Enlightenment values, but instead are leading an antidemocratic, illiberal, and authoritarian technocracy  —  Silicon Valley has its own ascendant political ideology.  It's past time we call it what it is.
Sam Kessler / CoinDesk:
Block begins layoffs under a previously disclosed plan to cut staff by up to 10%, by imposing an “absolute cap” of a 12,000 headcount, which was 13,000 in Q3'23  —  The company plans to drastically reduce its headcount throughout 2024 through a series of layoffs and reorganizing measures.
Nilay Patel / The Verge:
Q&A with Sen. Brian Schatz on Congress' dysfunction in the tech space, regulating tech firms, the EU's DMA, AI, deepfakes, social media laws for kids, and more  —  Today, I'm talking with Senator Brian Schatz of Hawaii.  He's been in the Senate for a little more than a decade now, and he's seen a lot in that time.
More: BloombergThreads: @aaronrosspowellX: @senbrianschatz and @ksandler1
Paige Smith / Bloomberg:
Employee letter: PayPal plans to lay off around 2,500 employees, or about 9% of its workforce, and will cut back on open roles  —  - CEO Alex Chriss has vowed to improve operating leverage  — Latest round of cuts will affect about 9% of the workforce  —  PayPal Holdings Inc. will reduce …
Arsheeya Bajwa / Reuters:
AMD reports Q4 revenue down 10% YoY to $6.2B, net income up 3,076% to $667M, Data Center revenue up 38% to $2.3B, Q1 revenue forecast below est.; AMD drops 5%+  —  Chipmaker Advanced Micro Devices (AMD.O) forecast first-quarter revenue below market estimates on Tuesday …
The Information:
Sources: TikTok plans to open studios in several cities, including LA, where creators can livestream and sell products, a strategy that worked for Douyin  —  When TikTok creators start a livestream to chat about their new favorite hairbrush, dog toy or cleaning product, they're usually doing so from a setup in their own home.
Adi Robertson / The Verge:
Bipartisan Senators unveil the DEFIANCE Act, which would let people sue over deepfake porn and other AI “intimate” images, after the viral Taylor Swift images  —  US lawmakers have proposed letting people sue over faked pornographic images of themselves, following the spread …

Sponsor Posts

Escape Ingress/Egress Fees  —  Experience seamless multi-cloud solutions without ingress/egress constraints.  Optimize costs and pave the way for a sustainable digital future.
Tribe AI:
Build AI products that matter  —  Tribe AI helps organizations rapidly deploy AI solutions that have real business impact.  We bring together world class AI talent and tooling to drive differentiated results.
Preparing for the EU's NIS2 Directive with Zoho's integrated security solutions stack  —  The digital landscape is constantly evolving, and with it, the threats posed by cybercriminals.
Introducing Tadpole: the tiny webcam for laptops  —  With a mirrorless Sony sensor, directional microphone, and tap-to-mute feature, the Tadpole works with both Mac and PC and is the perfect webcam to take with you everywhere.
Techmeme Leaderboards:
Discover the top reporters on AI, VR, policy, and much more  —  We've analyzed Techmeme's news crawl to identify the most influential and prolific writers on 48 news topics.  Download reports immediately for just $100.
The Logan Bartlett Show:
EP 110: How Eric Glyman (CEO, Ramp) Runs One of The Fastest Growing Startups
A podcast hosted by Logan Bartlett, an investor at Redpoint Ventures, covering tech with industry insiders.
Subscribe to The Logan Bartlett Show!
Techmeme Ride Home:
Fri. 07/19 - The Big CrowdStrike Outage Explained
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.

About This Page

This is a Techmeme archive page. It shows how the site appeared at 8:45 AM ET, January 31, 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.

More News

Earlier Picks

Kyle Wiggers / TechCrunch:
Todd Spangler / Variety:
Ashley Capoot / CNBC: