Sources: Elon Musk fired a Twitter engineer for suggesting that his engagement numbers are tanking not because of a bug but because his popularity is waning
Inside Twitter 2.0, turmoil leaves employees stretched to the max — For weeks now, Elon Musk has been preoccupied with worries about how many people are seeing his tweets.
Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the goggles' third version
Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices …
Microsoft's GitHub cuts 10% of its staff, or an estimated 300+; GitLab cuts 7%, or an estimated 114; report: GitHub will close offices and shift to remote work
Maria Deutscher / SiliconANGLE : Source: Fortune .
Kraken agrees to pay $30M and discontinue its crypto-asset staking products to settle SEC allegations that its staking services broke US securities rules
is Coinbase next? Simon Chandler / Cryptonews : Ethereum Price Prediction as $10 Billion Trading Volume Comes In - Can $ETH Reach $2,000 Soon? Tyler Pearson / DL News : SEC hammer comes down on Kraken...
Former staff say Twitter needs to update its systems to enact changes sought by Elon Musk, but mass layoffs have forced frequent code freezes
Twitter's outage on Wednesday, which saw the site rendered unusable for most users by blocking people from tweeting within the app …
GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker's New York facility for GM's key auto suppliers
- GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday.
Lyft reports Q4 revenue up 21% YoY to $1.2B, a $588.1M net loss, vs. $283.2M YoY, and active riders up 8.7% YoY to 20.4M
Kathryn Hardison / Wall Street Journal :
As ChatGPT and other LLMs repackage info into superficial approximations, like lossy compression for images, the web will become a blurrier version of itself
OpenAI's chatbot offers paraphrases, whereas Google offers quotes. Which do we prefer? — In 2013, workers at a German …
SEC commissioner Hester Peirce rebukes her agency's action against Kraken, calling it “paternalistic and lazy” and questioning if it was a win for investors
- SEC commissioner Hester Peirce issued a public dissent to her agency's enforcement action against crypto exchange Kraken.
Reddit suffered a cyberattack on February 5 during which hackers accessed some documents, code, and business systems; the company says users' passwords are safe
Reddit suffered a cyberattack Sunday evening, allowing hackers to access internal business systems and steal internal documents and source code.
PayPal says its CEO and president Dan Schulman will retire and leave the company at the end 2023; Schulman, who became CEO in 2015, will stay on PayPal's board
- Schulman became PayPal CEO after the company's split from eBay in 2015. — PayPal said on Thursday that CEO and president Dan Schulman …
Lyft opens down 32% after saying it expects $975M in Q1 revenue vs. $1.09B est.; Lyft CFO blamed “seasonality and lower prices” for the weak guidance
- Shares of Lyft fell on Friday, a day after the company reported guidance for its first quarter of 2023 that was short of analyst expectations.
Sources: Amazon is in talks with Times Internet to buy MX Player, one of India's top VOD streaming services; Times Internet bought MX Player for $140M in 2018
Amazon is engaging with Times Internet to explore the acquisition of MX Player, one of the largest on-demand video streaming services in India …
A look at Otonomo and Wejo, two struggling startups working to monetize connected car data; Otonomo to merge with roadside assistance tech provider Urgently
Auto companies promising billions in new software revenue by the end of the decade have been hiring engineers left and right …
The US and the UK sanction seven people based in Russia, with likely FSB ties, connected to the Conti and Ryuk ransomware gangs and the Trickbot banking trojan
on par with terrorism and military crisis between states. Cheyenne Ligon / CoinDesk : Russian Cybercrime Gang Trickbot Sanctioned by US, UK Maggie Miller / Politico : U.S., U.K. sanction Russian hacke...
Researchers: some Reddit usernames and other keywords cause ChatGPT to give bizarre responses, likely due to the web data OpenAI scraped to train its model
Reddit usernames like ‘SolidGoldMagikarp’ are somehow causing the chatbot to give bizarre responses. — Chloe Xiang
A US jury finds an artist violated Hermès' rights to the Birkin trademark in 2021 by creating and selling MetaBirkin 100 NFTs depicting versions of the handbags
Bloomberg Law :
JD.com plans to launch an “industrial version” of a ChatGPT-like tool called ChatJD focused on retail and finance, following similar moves by Alibaba and Baidu
- JD.com said it will release an “industrial version” of ChatGPT called ChatJD. — It will be a chatbot product focused on the fields of retail and finance.
Light Field Lab, which develops 3D holograms that users can speak and interact without glasses, raised a $50M Series B led by NCSoft
Light Field Lab has raised $50 million to manufacture and commercialize its SolidLight holographic display platform. — Light Field Lab also unveiled …
Brian Armstrong says Coinbase has heard “rumors” the SEC wants to “get rid of” crypto staking for retail investors, which “would be a terrible path for the US”
Now Comes The SEC Helen Partz / Cointelegraph : Community urges Coinbase to relist XRP as CEO fights for staking YouTube : Staking-as-a-Service | Office Hours with Gary Gensler Trustnodes : Coinbase t...
Sources: Microsoft is preparing to share its plans for integrating OpenAI's language tech and the Prometheus model in Word, Outlook, other Office apps, in March
Tom Warren / The Verge :
PayPal reports Q4 revenue up 7% YoY to $7.38B, vs. $7.39B est., total payment volume up 5% YoY to $357.4B, vs. $360.3B est., and net income up 15% YoY to $921M
Emily Bary / MarketWatch :
A look at the economics of Microsoft and Google inserting LLMs into search, crushing profitability and requiring massive capex, and the impact on the companies
SemiAnalysis :
Yahoo plans to lay off 20%+ of its workforce and restructure its ad tech unit, impacting 50%+ of the unit, or 1,600+ people; CEO says the cuts are “strategic”
More than 1600 employees will be impacted — 50% of Yahoo's ad tech unit being cut https://www.axios.com/... Matt Barash / @mjbarash : The buy side (DSP) play probably wasn't on a ton of bingo cards. T...
The US DOT is investigating Neuralink over the potentially illegal movement of hazardous pathogens, after animal welfare group PCRM wrote to Pete Buttigieg
The FCC approves Amazon's plan to mitigate its Kuiper satellite internet system's orbital debris; SpaceX asked for stricter conditions on Kuiper's deployment
Michael Kan / PCMag :
Meta submits data to the EU showing that pop up content warnings stopped Facebook users sharing 25% of flagged posts and 38% on Instagram; TikTok reports 29%
Bloomberg :
Rejecting a deal to let Sam Bankman-Fried use encrypted messaging, a judge orders SBF's lawyers to form a plan to tighten his bail to ensure messages are saved
Many Twitter users reported issues on February 8, from outages to not being able to tweet except by scheduling or via an API; the issues seem to be mostly fixed
Cloudflare reports Q4 revenue up 42% YoY to $274.7M, vs. $274.1M est., and FY 2023 revenue guidance between $1.33B and $1.34B, vs. $1.31B est.; NET jumps 9%+
Reinhardt Krause / Investor's Business Daily :
Analysis: darknet markets made $1.5B in revenue in 2022, down from $3.1B in 2021, led by Hydra Market, despite being shut down by German police in April 2022
Chainalysis :
Filing: bankrupt crypto lender Celsius wants to raise $14.4M by selling coupons and credits it got from mining company Bitmain
Andrew Asmakov / Decrypt :
Cloudflare debuts Wildebeest, an open-source ActivityPub server built on its Supercloud service that makes it easier to self-host a Mastodon-compatible instance
San Diego-based Faro Health, whose cloud computing software provides real-time insights for clinical trials, raised a $20M Series A led by General Catalyst
Fred Pennic / HIT Consultant :
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