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Showing posts from January, 2023

Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand (Kim Jaewon/Nikkei Asia)

Kim Jaewon / Nikkei Asia: Samsung reports Q4 operating profit down 69% YoY to ~$3.5B, its lowest since Q3 2014, and revenue down 8% YoY to ~$57.3B, citing weak chip and smartphone demand  —  South Korean tech giant's slump expected to continue in first half of this year  —  SEOUL — Samsung Electronics said Tuesday … http://www.techmeme.com/230130/p24?utm_source=dlvr.it&utm_medium=blogger#a230130p24

Researchers detail how ProGen, an LLM trained on 280M proteins, designed proteins with anti-microbial properties that were tested in real life and shown to work (Karmela Padavic-Callaghan/New Scientist)

Karmela Padavic-Callaghan / New Scientist: Researchers detail how ProGen, an LLM trained on 280M proteins, designed proteins with anti-microbial properties that were tested in real life and shown to work  —  An AI was tasked with creating proteins with anti-microbial properties.  Researchers then created a subset of the proteins and found some did the job http://www.techmeme.com/230129/p5?utm_source=dlvr.it&utm_medium=blogger#a230129p5

Q&A with Microsoft Gaming CEO Phil Spencer on Xbox having no major 2022 releases, 2023 momentum, layoffs, the Activision deal amid the FTC lawsuit, and more (Kat Bailey/IGN)

Kat Bailey / IGN: Q&A with Microsoft Gaming CEO Phil Spencer on Xbox having no major 2022 releases, 2023 momentum, layoffs, the Activision deal amid the FTC lawsuit, and more  —  Xbox's CEO talks about the recent Developer Direct, 2022 struggles, layoffs, and what 2023 could hold. http://www.techmeme.com/230128/p7?utm_source=dlvr.it&utm_medium=blogger#a230128p7

New York City-based Paradigm, whose tech streamlines data aggregation and patient recruitment to speed up clinical trials, launches with a $203M Series A (Maureen Farrell/New York Times)

Maureen Farrell / New York Times: New York City-based Paradigm, whose tech streamlines data aggregation and patient recruitment to speed up clinical trials, launches with a $203M Series A  —  New York-based Paradigm has raised a significant amount to simplify clinical trials.  Its goal is ambitious, but its challenges are many, researchers say. http://www.techmeme.com/230127/p15?utm_source=dlvr.it&utm_medium=blogger#a230127p15

New York City Mayor Eric Adams plans to require that Uber and Lyft have zero-emission fleets by 2030, potentially affecting an estimated 100K+ for-hire vehicles (Andrew J. Hawkins/The Verge)

Andrew J. Hawkins / The Verge: New York City Mayor Eric Adams plans to require that Uber and Lyft have zero-emission fleets by 2030, potentially affecting an estimated 100K+ for-hire vehicles  —  In his State of the City speech Thursday, New York City Mayor Eric Adams announced that Uber and Lyft will be required to be zero emission by 2030. http://www.techmeme.com/230126/p28?utm_source=dlvr.it&utm_medium=blogger#a230126p28

Substack introduces private publications, search improvements, chat updates, post duplication, publication toggling, inline footnotes, LaTeX support, and more (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch: Substack introduces private publications, search improvements, chat updates, post duplication, publication toggling, inline footnotes, LaTeX support, and more  —  Newsletter platform Substack announced today that it's introducing several new features, including private Substacks. http://www.techmeme.com/230126/p27?utm_source=dlvr.it&utm_medium=blogger#a230126p27

Lam Research, one of the three biggest US chip manufacturing equipment providers, plans to cut ~7% of its workforce to reduce expenses, or ~1,300 jobs worldwide (Ian King/Bloomberg)

Ian King / Bloomberg: Lam Research, one of the three biggest US chip manufacturing equipment providers, plans to cut ~7% of its workforce to reduce expenses, or ~1,300 jobs worldwide  —  Lam Research Corp., one of the three biggest providers of chip-manufacturing equipment in the US, is cutting about 7% … http://www.techmeme.com/230125/p37?utm_source=dlvr.it&utm_medium=blogger#a230125p37

Sources: Meta pays BuzzFeed to generate creator content for Facebook and Instagram and to train creators to grow online as part of a ~$10M deal reached in 2022 (Wall Street Journal)

Wall Street Journal: Sources: Meta pays BuzzFeed to generate creator content for Facebook and Instagram and to train creators to grow online as part of a ~$10M deal reached in 2022  —  Partnership marks latest iteration of yearslong relationship between digital publisher and social-media giant http://www.techmeme.com/230125/p36?utm_source=dlvr.it&utm_medium=blogger#a230125p36

The new 256GB Mac mini with M2 and 512GB 14-inch MacBook Pro with M2 Pro have slower SSD read and write speeds than M1 models because they have fewer NAND chips (Joe Rossignol/MacRumors)

Joe Rossignol / MacRumors: The new 256GB Mac mini with M2 and 512GB 14-inch MacBook Pro with M2 Pro have slower SSD read and write speeds than M1 models because they have fewer NAND chips  —  While the new Mac mini with the M2 chip has a lower $599 starting price, the base model with 256GB of storage has slower SSD read … http://www.techmeme.com/230124/p34?utm_source=dlvr.it&utm_medium=blogger#a230124p34

Internal messages: TikTok told some of its US employees they could lose their jobs unless they show they already moved to an address near their assigned offices (Kaya Yurieff/The Information)

Kaya Yurieff / The Information: Internal messages: TikTok told some of its US employees they could lose their jobs unless they show they already moved to an address near their assigned offices  —  TikTok is cracking down on remote work, telling some U.S. workers they could lose their jobs unless they show they have already moved near their assigned offices. http://www.techmeme.com/230123/p31?utm_source=dlvr.it&utm_medium=blogger#a230123p31

Analysis: Apple timed the MacBook Pro, Mac mini, and HomePod launches to boost this quarter's revenue and avoid suffering supply issues in the holiday season (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: Analysis: Apple timed the MacBook Pro, Mac mini, and HomePod launches to boost this quarter's revenue and avoid suffering supply issues in the holiday season  —  Apple timed the launch of the new MacBook Pro, Mac mini and HomePod to shore up its current quarter's revenue … http://www.techmeme.com/230122/p4?utm_source=dlvr.it&utm_medium=blogger#a230122p4

Creators from India's hinterland are going viral on YouTube Shorts and running into copyright issues for "fact channels" that add context to other users' videos (Nilesh Christopher/Rest of World)

Nilesh Christopher / Rest of World: Creators from India's hinterland are going viral on YouTube Shorts and running into copyright issues for “fact channels” that add context to other users' videos  —  A new generation of creators found success on YouTube Shorts.  Now, YouTube is after them for violating its community guidelines. http://www.techmeme.com/230122/p3?utm_source=dlvr.it&utm_medium=blogger#a230122p3

Apple's lean hiring may help the company avoid layoffs; Apple's workforce grew ~20% from 2019 to 2022, Amazon's grew 100%, Meta 94%, Alphabet 57%, Microsoft 53% (Aaron Tilley/Wall Street Journal)

Aaron Tilley / Wall Street Journal: Apple's lean hiring may help the company avoid layoffs; Apple's workforce grew ~20% from 2019 to 2022, Amazon's grew 100%, Meta 94%, Alphabet 57%, Microsoft 53%  —  The iPhone maker's workforce grew 20% in the past three years, a far slower pace than rivals  —  Tech Layoffs Pile Up as Bosses Reverse Course http://www.techmeme.com/230121/p8?utm_source=dlvr.it&utm_medium=blogger#a230121p8

In a staff call, CNET and Red Ventures executives said they were pausing AI-generated content on CNET and other websites and detailed their proprietary AI tool (Mia Sato/The Verge)

Mia Sato / The Verge: In a staff call, CNET and Red Ventures executives said they were pausing AI-generated content on CNET and other websites and detailed their proprietary AI tool  —  The call, which lasted under an hour, was held a week after CNET came under fire for its use of AI tools on stories … http://www.techmeme.com/230120/p23?utm_source=dlvr.it&utm_medium=blogger#a230120p23

Texas Instruments names COO Haviv Ilan as its next CEO, starting on April 1, replacing Rich Templeton, who was CEO for 19 years and will remain company chairman (Jordan Novet/CNBC)

Jordan Novet / CNBC: Texas Instruments names COO Haviv Ilan as its next CEO, starting on April 1, replacing Rich Templeton, who was CEO for 19 years and will remain company chairman  —  - Rich Templeton has run Texas Instruments for almost 19 years, and the company has outperformed one exchange-traded fund for chips. http://www.techmeme.com/230119/p34?utm_source=dlvr.it&utm_medium=blogger#a230119p34

Similarweb: Twitter referral traffic to 12 major news outlets fell 12% on average from November 2022 to December 2022; only traffic to NY Post and Fox News grew (Digiday)

Digiday: Similarweb: Twitter referral traffic to 12 major news outlets fell 12% on average from November 2022 to December 2022; only traffic to NY Post and Fox News grew  —  Under the leadership of Elon Musk, Twitter's role as a traffic referral source to publishers' sites is largely declining. http://www.techmeme.com/230118/p34?utm_source=dlvr.it&utm_medium=blogger#a230118p34

Apple plans to hire a third-party firm to audit its US labor practices, focusing on human rights, after an investor coalition pushed for the assessment (Noam Scheiber/New York Times)

Noam Scheiber / New York Times: Apple plans to hire a third-party firm to audit its US labor practices, focusing on human rights, after an investor coalition pushed for the assessment  —  The tech giant will assess its compliance with its official human rights policy, according to a federal filing. http://www.techmeme.com/230117/p35?utm_source=dlvr.it&utm_medium=blogger#a230117p35

Some US universities, including Alabama's Auburn University and the University of Oklahoma, are banning TikTok on their Wi-Fi networks, annoying some students (Sapna Maheshwari/New York Times)

Sapna Maheshwari / New York Times: Some US universities, including Alabama's Auburn University and the University of Oklahoma, are banning TikTok on their Wi-Fi networks, annoying some students  —  The school's prohibition brings a geopolitical fight front and center for TikTok's biggest fans: young Americans. http://www.techmeme.com/230116/p19?utm_source=dlvr.it&utm_medium=blogger#a230116p19

Two years after the Bahamas launched the world's first CBDC, the Sand Dollar's adoption has been sluggish as FTX's demise only fuels digital fiat skepticism (Jim Wyss/Bloomberg)

Jim Wyss / Bloomberg: Two years after the Bahamas launched the world's first CBDC, the Sand Dollar's adoption has been sluggish as FTX's demise only fuels digital fiat skepticism  —  Before FTX Co-Founder Sam Bankman-Fried made the Bahamas synonymous with the crypto crash, the country was known as a pioneer of digital fiat. http://www.techmeme.com/230115/p4?utm_source=dlvr.it&utm_medium=blogger#a230115p4

Amazon is testing a ~$12/year Prime Lite in India with free two-day shipping and ad-supported Prime Video in standard definition; Prime costs ~$18/year in India (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch: Amazon is testing a ~$12/year Prime Lite in India with free two-day shipping and ad-supported Prime Video in standard definition; Prime costs ~$18/year in India  —  Amazon is quietly piloting a new tier for its Prime membership in India, providing customers with access to popular benefits … http://www.techmeme.com/230114/p7?utm_source=dlvr.it&utm_medium=blogger#a230114p7

Strava users say the rollout of its first price hike in over a decade has been unnecessarily convoluted and confusing (Victoria Song/The Verge)

Victoria Song / The Verge: Strava users say the rollout of its first price hike in over a decade has been unnecessarily convoluted and confusing  —  No one likes price hikes, but Strava's messy rollout has left many customers wondering what's happening to their subscription.  Here's what's actually happening … http://www.techmeme.com/230113/p16?utm_source=dlvr.it&utm_medium=blogger#a230113p16

SEC filing: Apple plans to cut Tim Cook's compensation by 40%+ to $49M in 2023, citing investor guidance and a request from Cook, who was paid $99.4M in 2022 (Mark Gurman/Bloomberg)

Mark Gurman / Bloomberg: SEC filing: Apple plans to cut Tim Cook's compensation by 40%+ to $49M in 2023, citing investor guidance and a request from Cook, who was paid $99.4M in 2022  —  Apple Inc. is cutting Chief Executive Officer Tim Cook's compensation by more than 40% to $49 million in 2023 … http://www.techmeme.com/230112/p33?utm_source=dlvr.it&utm_medium=blogger#a230112p33

Microsoft plans to update the Xbox Series X and S consoles to switch to an energy-saving Shutdown mode and is working on a smarter Sleep mode for active hours (Tom Warren/The Verge)

Tom Warren / The Verge: Microsoft plans to update the Xbox Series X and S consoles to switch to an energy-saving Shutdown mode and is working on a smarter Sleep mode for active hours  —  Microsoft is planning to switch Xbox Series X and S owners over to an energy-saving power mode in a bid for sustainability and cost savings. http://www.techmeme.com/230111/p41?utm_source=dlvr.it&utm_medium=blogger#a230111p41

Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no way to change it, rolling out to iOS users first (Mitchell Clark/The Verge)

Mitchell Clark / The Verge: Twitter renames Latest Tweets to Following and Home to For You, making the algorithmic feed the default with no way to change it, rolling out to iOS users first  —  Twitter is changing how you move between the algorithmically-driven timeline and the reverse chronological one and making the algorithmic feed the default. http://www.techmeme.com/230110/p36?utm_source=dlvr.it&utm_medium=blogger#a230110p36

VALL-E: Microsoft's new zero-shot text-to-speech model can duplicate everyone's voice in three seconds (Damir Yalalov/Metaverse Post)

Damir Yalalov / Metaverse Post: VALL-E: Microsoft's new zero-shot text-to-speech model can duplicate everyone's voice in three seconds  —  IN BRIEF  —  With just a three-second sample of any voice, the transformer-based TTS model VALL-E can produce speech in every voice.  —  This is a significant advancement in the direction of more natural-sounding TTS systems. http://www.techmeme.com/230109/p31?utm_source=dlvr.it&utm_medium=blogger#a230109p31

A look at Columbia University's Creative Machines Lab, which is exploring questions around artificial consciousness and the possibility of self-aware robots (Oliver Whang/New York Times)

Oliver Whang / New York Times: A look at Columbia University's Creative Machines Lab, which is exploring questions around artificial consciousness and the possibility of self-aware robots  —  The pursuit of artificial awareness may be humankind's next moonshot.  But it comes with a slurry of difficult questions. http://www.techmeme.com/230108/p4?utm_source=dlvr.it&utm_medium=blogger#a230108p4

Sources: some former US Twitter employees finally received their severance agreements, offering only one month of base pay as severance and no prorated bonuses (Kylie Robison/Fortune)

Kylie Robison / Fortune: Sources: some former US Twitter employees finally received their severance agreements, offering only one month of base pay as severance and no prorated bonuses  —  Following further delays this week, some former Twitter employees finally received their official severance agreements on Saturday … http://www.techmeme.com/230107/p10?utm_source=dlvr.it&utm_medium=blogger#a230107p10

Irish DPC's €390M Meta fine, issued at the behest of the European Data Protection Board, fits with the EU's plan to crack down on Big Tech in the next two years (Parmy Olson/Bloomberg)

Parmy Olson / Bloomberg: Irish DPC's €390M Meta fine, issued at the behest of the European Data Protection Board, fits with the EU's plan to crack down on Big Tech in the next two years  —  Meta Platforms Inc. is used to batting away the occasional fine from European regulators as a cost of doing business. http://www.techmeme.com/230106/p14?utm_source=dlvr.it&utm_medium=blogger#a230106p14

Memo: Genesis parent company DCG shut down its wealth management subsidiary HQ Digital on January 2; filing: HQ had $3.5B+ under management as of December 2022 (Kate Clark/The Information)

Kate Clark / The Information: Memo: Genesis parent company DCG shut down its wealth management subsidiary HQ Digital on January 2; filing: HQ had $3.5B+ under management as of December 2022  —  Digital Currency Group, the parent company of crypto broker Genesis and the publication CoinDesk, has shut down its wealth … http://www.techmeme.com/230105/p32?utm_source=dlvr.it&utm_medium=blogger#a230105p32

Qualcomm unveils Snapdragon Satellite, which lets phones with a Gen 2 SoC and an X70 modem text off the grid via Iridium's satellite network, coming in H2 2023 (Mitchell Clark/The Verge)

Mitchell Clark / The Verge: Qualcomm unveils Snapdragon Satellite, which lets phones with a Gen 2 SoC and an X70 modem text off the grid via Iridium's satellite network, coming in H2 2023  —  Android phones will soon be getting a feature similar to — and perhaps even more powerful than — Apple's Emergency SOS via satellite. http://www.techmeme.com/230105/p31?utm_source=dlvr.it&utm_medium=blogger#a230105p31

Alibaba, Tencent, and other Chinese tech giants struck a truce with the government, accepting slower growth and stricter controls as China eases its crackdown (Bloomberg)

Bloomberg: Alibaba, Tencent, and other Chinese tech giants struck a truce with the government, accepting slower growth and stricter controls as China eases its crackdown  —  In China, 2022 was the year Big Tech changed.  Succumbing to a government crackdown and a pandemic that refused to go away … http://www.techmeme.com/230105/p30?utm_source=dlvr.it&utm_medium=blogger#a230105p30

Sony unveils Project Leonardo, an accessibility controller kit with a circular gamepad for PS5 that can be used on its own or paired with DualSense controllers (Jessica Conditt/Engadget)

Jessica Conditt / Engadget: Sony unveils Project Leonardo, an accessibility controller kit with a circular gamepad for PS5 that can be used on its own or paired with DualSense controllers  —  Sony is building a better PlayStation 5 controller with Project Leonardo, a kit that promises to make games easier to play for people with limited motor control. http://www.techmeme.com/230104/p33?utm_source=dlvr.it&utm_medium=blogger#a230104p33

The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto "is highly likely to be inconsistent with safe and sound banking practices" (Paul Kiernan/Wall Street Journal)

Paul Kiernan / Wall Street Journal: The US Federal Reserve, FDIC, and OCC warn banks that issuing or holding crypto “is highly likely to be inconsistent with safe and sound banking practices”  —  Regulators say holding cryptocurrencies is likely inconsistent with safe banking practices  —  Crypto's Crash Has Been Swift but Largely Self-Contained. http://www.techmeme.com/230103/p33?utm_source=dlvr.it&utm_medium=blogger#a230103p33

In an open letter, Cameron Winklevoss accuses Digital Currency Group CEO Barry Silbert of engaging in "bad faith stall tactics" after Genesis halted withdrawals (Olga Kharif/Bloomberg)

Olga Kharif / Bloomberg: In an open letter, Cameron Winklevoss accuses Digital Currency Group CEO Barry Silbert of engaging in “bad faith stall tactics” after Genesis halted withdrawals  —  The fallout from the collapse of Sam Bankman-Fried's crypto empire just got messier, with digital-asset entrepreneur … http://www.techmeme.com/230102/p7?utm_source=dlvr.it&utm_medium=blogger#a230102p7

Verizon decommissioned its 3G network on December 31, the last major US carrier to do so after AT&T and T-Mobile turned off their services in February and March (Mitchell Clark/The Verge)

Mitchell Clark / The Verge: Verizon decommissioned its 3G network on December 31, the last major US carrier to do so after AT&T and T-Mobile turned off their services in February and March  —  It's well and truly curtains for 3G, one of the key technologies that helped usher in the age of the smartphone. http://www.techmeme.com/230101/p5?utm_source=dlvr.it&utm_medium=blogger#a230101p5

Meta acquires Netherlands-based Luxexcel, which 3D prints prescription lenses for smart glasses; Meta and Luxexcel reportedly worked together on Project Aria (Amanda Silberling/TechCrunch)

Amanda Silberling / TechCrunch: Meta acquires Netherlands-based Luxexcel, which 3D prints prescription lenses for smart glasses; Meta and Luxexcel reportedly worked together on Project Aria  —  As Meta faces antitrust scrutiny over its acquisition of VR fitness developers Within, the tech giant is making another acquisition. http://www.techmeme.com/221231/p7?utm_source=dlvr.it&utm_medium=blogger#a221231p7