Elon Musk has discussed placing all of Twitter's content behind a paywall, according to Casey Newton's Platformer. While Musk and adviser David Sacks have brought up the idea at meetings, such a move "does not appear imminent," the tech journalist reports. More: - The plan would involve charging all or most Twitter users a subscription fee.
- Under one proposal, people could use the platform for free for a limited time every month but would need to subscribe to keep browsing, according to Newton.
- It's unclear how serious Musk is about the change. Twitter has not commented on the report.
- For now, the team overseeing Twitter Blue is heavily focused on the upcoming rollout of account verifications for the paid subscription plan.
Zoom Out: - Under Musk, Twitter will soon offer verification through the Blue service for $8 a month.
- Blue users will also receive priority in replies and mentions, get half as many advertisements, and be allowed to tweet long audio and videos.
- The changes are set to occur after today's midterm elections.
Twitter usage - Meanwhile, Twitter tracker Bot Sentinel reports that the platform lost more than 1.3 million users since Musk acquired the company on Oct. 27, about double what it normally loses.
- From Oct. 27 through Nov. 1, 877,000 accounts were deactivated and another 497,000 were suspended, according to Bot's data.
- On Monday, Musk tweeted that Twitter usage is now "at an all-time high."
PLATFORMER | |
Layoffs at tech companies have accelerated in recent weeks as companies brace for an economic slowdown, according to the latest data. In October, the tech industry lost 9,587 jobs, the most since the height of the pandemic in November 2020, according to consultant Challenger, Gray & Christmas. More: - During all of 2022, more than 100,000 workers at tech startups have lost their jobs, higher than the 81,000 jobs shed in all of 2020.
- Meta Platforms, which owns Facebook, Instagram, and WhatsApp, is expected to cut "many thousands of employees" as early as Wednesday.
- The move comes after Twitter dismissed half of its staff, or about 3,700 people, last Friday.
- Alphabet (Google), Apple, and Amazon.com have all paused or slowed hiring this year.
- Companies that have had layoffs in recent weeks include Lyft, Stripe, Chime, and Opendoor.
By comparison: - The tech industry still lost more jobs during the dot-com bubble burst, shedding 168,395 jobs in 2001 and 131,294 in 2002, according to Challenger.
CNN | |
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Nvidia announced a new graphics-processing chip tailored for the Chinese market that meets new U.S. export control rules. The new A800 chip is an alternative to Nvidia's A100 chip, which was recently barred from being sold to Chinese customers without a license. More: - The A800 complies with recently unveiled U.S. government export controls targeting China's access to advanced chips.
- The new chip, which can replace the A100 but has less capacity to send and receive data, can't be programmed to exceed the government’s test for the export controls, according to Nvidia.
- The A800 can send 400 gigabytes of data per second versus 600 gigabytes for the A100.
- The California-based chipmaker began producing the new chip in Q3 and is now marketing it to Chinese clients.
Zoom-out: THE WALL STREET JOURNAL | |
Google and French automaker Renault expanded their partnership to create a “software-defined” vehicle that's built on the Android Automotive operating system. The aim is to make the car "an intelligent object that learns and one that can be upgraded over the air like a mobile phone,” Renault CEO Luca de Meo said. More: - Through the expanded partnership, the companies will develop an advanced software platform for cars.
- Google will be the "preferred cloud provider," sending car data to its cloud servers to be processed.
- As part of the agreement, the companies will create a digital twin or virtual version of the car using artificial intelligence, allowing them to develop and test onboard and offboard applications before deploying them in the real world.
- The platform will deliver continuous upgrades and new on-demand services to vehicles. For example, a new feature could help drivers find their cars in parking lots.
- In 2018, Google previously partnered with Renault-Nissan-Mitsubishi Alliance, which adopted Google’s native car operating system with built-in Assistant and other features.
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Netflix is now rolling out an interactive trivia experience on its streaming platform as it seeks to grow and retain subscribers. In the “Triviaverse” game, players must answer knowledge questions as quickly as possible within a time limit. They can play alone or against one other person. More: - The questions span categories such as science and pop culture and grow more difficult over time.
- Players can earn badges, such as “Preschool Graduate" or " “Certified Genius," upon certain milestones.
- The experience is available in nine languages and is accessible from mobile devices, smart TVs, consoles, browsers, and streaming players.
- Netflix also launched an interactive daily quiz series, called Trivia Quest, in April.
- The moves highlight Netflix's ongoing expansion into gaming. On Oct. 31, the streaming giant acquired its sixth gaming studio, the Seattle-based game developer Spry Fox.
TECHCRUNCH | |
An affiliate of Foxconn will invest up to $170M in Lordstown Motors Corp., which recently started production of its Endurance electric pickup truck. iPhone maker Foxconn will buy common stock and new preferred shares in Lordstown, making it the EV company's largest shareholder. More: - The proceeds will help fund Lordstown's new EV program with Foxconn, the world's largest contract manufacturer and Apple's largest iPhone maker.
- Specifically, Foxconn's $70M investment in Common Stock shares will go toward Lordstown's corporate strategy.
- Foxconn will shift another $100M in previously announced joint venture funds to a Preferred Stock investment to fund the new joint EV program and development strategy.
Zoom-out: - A year ago, Lordstown sold its Ohio factory to Foxconn as part of a $230M lifeline deal for the EV maker.
- Foxconn is helping to manufacture the Endurance pickup truck, which went into commercial production in September.
- So far, Lordstown has made a dozen trucks. It expects to produce a total of 30 units this year and the remaining 470 of its first batch in H1 2023.
BBC | |
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- On Monday, a federal judge denied Theranos founder Elizabeth Holmes' request to hold a new trial. Holmes, who was found guilty in January on four charges of fraud and conspiracy, is set to be sentenced on Nov. 18.
- Tesla issued a voluntary recall of about 40,000 Model S and Model X cars due to their potential to experience reduced or lost power steering assist. The issue will be fixed via an over-the-air software update.
- Amazon is partnering with Snap to provide an AR shopping experience that allows Snapchat users to virtually try on eyewear.
- Television technology company Samba TV recently acquired voice assistant and visual AI startup Disruptel for an undisclosed sum.
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| | Beth is a writer and editor at Inside.com covering artificial intelligence and daily technology news. You can reach her at Beth.Duckett@inside.com. | | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
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