Month: January 2023
Bitcoin sees new 4-month high as US PPI, retail data posts ‘big misses’
A further boost to crypto markets precedes the Wall Street open, but order books are warning of “fading” upside.
Justice Department to Announce Major International Crypto Enforcement Action
The department will hold a press conference at noon Eastern Time.
Bitwarden Acquires Passwordless.dev
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Boston Dynamics’ latest Atlas video demos a robot that run, jump, and now, grab and throw things
Boston Dynamics just released the latest demo of its humanoid robot, Atlas. The robot could already run and jump over complex terrain thanks to its feet. Now, the robot has hands, per se. These rudimentary grippers gives the robot new life. Suddenly, instead of being an agile pack mule, the Atlas becomes something closer to … Read more
How Social Media Influencers Fed Bankman-Fried’s Cult of Personality
Creators took money that was likely stolen from FTX customers to promote a Ponzi scheme. If they truly care, they should take the money they received from FTX and either return it to the bankruptcy estate or donate it all to charity.
Sophos to lay off 450 employees globally
Sophos is laying off about 10% of its global workforce, TechCrunch has learned. Sophos confirmed the layoffs in an email to TechCrunch. “Sophos today announced an internal restructuring which has resulted in job losses and the start of consultation periods that potentially will affect 10% of our global employee base,” said Jitendra Bulani, a spokesperson … Read more
What’s next for the entrepreneur behind Layoffs.FYI
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha interviewed Roger Lee, an entrepreneur who’s spent the … Read more
Microsoft announces 10,000 job cuts, nearly 5% of its global workforce
Microsoft today announced details of a much-rumored round of layoffs, confirming in a filing with the Securities and Exchange Commission (SEC) that 10,000 employees will be impacted as part of “workforce reduction” measures the company is taking in response to “macroeconomic conditions and changing customer priorities.” The news comes as major redundancies continue to permeate the … Read more
OpenAI CEO Sam Altman on GPT-4: ‘people are begging to be disappointed and they will be’
OpenAI is the creator of AI chatbot ChatGPT. | Image: OpenAI OpenAI CEO Sam Altman has addressed rumors regarding GPT-4 — the company’s as yet unreleased language model and latest in the GPT-series that forms the foundation of AI chatbot ChatGPT — saying that “people are begging to be disappointed and they will be.” During … Read more
Twitter now offers an annual Blue subscription for hardcore users
Twitter announced an annual Blue subscription plan for hardcore users who want to commit for a year. The revamped Twitter Blue subscription was launched last December at a rate of $8 per month (or $11 per month for iOS users). Now, users have a chance to get a discount and be all in for a … Read more
Quantum Machines continues to grow in spite of economic uncertainity
Conventional wisdom suggests that a Series B company should be hunkering down right now, cutting costs, weathering the storm, but Israeli startup Quantum Machines is defying this approach as it continues to grow in spite of the economic uncertainty swirling around the world. The company announced that it got an additional $20 million tacked onto … Read more
Coffee makers and statues: Twitter starts auctioning off assets from its San Francisco headquarters
This tasteful neon sign could be yours if you outbid the current $22,000 offer. | Image: Heritage Global Partners If you’ve been looking to kit out a startup, then here’s a chance to grab some deals — along with some recognizably bird-themed memorabilia. Twitter has placed hundreds of items from its San Francisco headquarters for … Read more
Maritime giant DNV says 1,000 ships affected by ransomware attack
DNV, a Norwegian shipping classification society, has confirmed its systems were hit by a ransomware attack, affecting around 1,000 ships that rely on its technology. The Oslo-based DNV said in a statement on Wednesday that its ShipManager software was targeted by file-encrypting malware on January 7, forcing the organization to shut down its servers. ShipManager … Read more
Bitcoin Erases Entire FTX-Related Decline in Latest Surge
Wednesday morning gains for the crypto came after soft U.S. economic numbers suggested the possibility for easier monetary policy.
NFT Collection NimTeens Explores Just How Fast the NFT Space Moves
The new NFT collection created by generative artist Bryan Brinkman, one of the first 10 creators on Art Blocks, is a creative commentary on the rapid maturity of the NFT space.
Microsoft to lay off 10k workers
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So long, Stadia
There are no guarantees in this world. Nothing lasts forever — especially those things made by Google. In September, the company announced that it would be pulling the plug on its ambitious, but oft-forgotten, cloud gaming service. Stadia’s servers are officially shutting down today, two months shy of its third birthday. The dream of cloud … Read more
Netflix’s 2023 movie lineup is looking kind of lean
Idris Elba as John Luther. | John Wilson/Netflix Every year, Netflix puts together a slate of new movies meant to get subscribers excited about what’s coming and convince those who aren’t yet signed up for the streamer that they need to be. While this year’s looking like it’ll be an interesting one for Netflix, a … Read more
WEF 2023: CBDCs need to find a ‘real problem’ to solve, says SARB governor
The central bank governor highlighted that the South African Reserve Bank would rather follow than become a first mover in retail CBDCs.
Apple introduces a brand new HomePod with better sound and smarts
Apple has resurrected the larger HomePod with a second-generation version that includes better sound, as well as better intelligence and computing smarts. The new HomePod retails for $299 and pre-orders kick off today, with in-store availability and shipping beginning in the U.S. and select other markets on Friday, February 3. Apple’s new HomePod includes two … Read more
YouTube TV’s live guide and library are getting much better starting today
The refreshed live TV guide has a condensed grid and now shows episode descriptions. | Image: YouTube YouTube TV subscribers will notice some refinements and tweaks to the service’s “library” section starting today. The new interface lets viewers see more programming and recommendations at once and includes simplified filters for drilling down into the type … Read more
Microsoft announces big job cuts that will affect 10,000 employees
Illustration: The Verge Microsoft is announcing big job cuts today, affecting 10,000 employees. In a memo, Microsoft CEO Satya Nadella says the company will be “making changes that will result in the reduction of our overall workforce by 10,000 jobs through the end of FY23 Q3.” Some employees will be notified today, but the entire … Read more
Shell snaps up EV charging operator Volta for $169 million
A U.S.-based subsidiary of oil company Shell is buying EV charging network operator Volta in an all-cash transaction valued at $169 million. Under the terms of the merger agreement, Shell USA Inc. will acquire all outstanding shares of Class A common stock of Volta at $0.86 per share in cash upon completion of the merger. … Read more