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A technical failure prevented Virgin Orbit from delivering nine satellites into final orbit on Monday. The company's first orbital launch from the U.K. ended in failure after the system experienced "an anomaly" during the firing of the rocket’s second-stage engine. More: - U.S.-based Virgin Orbit used a modified 747 jumbo jet to carry one of its rockets over the Atlantic Ocean.
- The repurposed Virgin Atlantic passenger jet, nicknamed "Cosmic Girl," successfully released the LauncherOne rocket carrying nine small satellites.
- About two hours after the plane took off, a malfunction occurred during the climb to space, and the rocket and satellites were destroyed. The jet and its pilot returned to the U.K.
- The mission was led by the Virgin Orbit, the U.K. Space Agency, the Royal Air Force, and Cornwall Council.
- “This isn’t the first time we’ve been knocked, this is the biggest definitely, but I feel OK and we’ll get up and we’ll go again,” said Melissa Thorpe, head of Spaceport Cornwall.
THE NEW YORK TIMES 
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Apple is said to be working on its own in-house design for a wireless chip enabling Wi-Fi and Bluetooth functions on its devices, which could be ready by 2025, according to Bloomberg. The silicon would replace a chip produced by Broadcom, which counts Apple as its largest customer. Broadcom could take a revenue hit of $1B to $1.5B through the move, according to AB Bernstein analyst Stacy Rasgon. More: - Apple is also making plans for its homegrown cellular modem chip that could replace those produced by Qualcomm starting in late 2024 or early 2025.
- Earlier reports claimed Apple could begin using its own 5G cellular chips as early as 2023.
- Meanwhile, Apple is also said to be working on a later-stage in-house chip for iPhones that would combine all three cellular modem, WiFi, and Bluetooth functions, according to Bloomberg.
Zoom-out: - The moves would further Apple's goal to control much of the technology inside iPhones and other devices.
- The company already designs its own A-series chips for iPhones and M-series chips for Macs.
BLOOMBERG
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U.S. crypto trading platform Coinbase Global announced that it will cut 950 jobs, or about 20% of its workforce, and shutter several projects to cope with the economic downturn. Coinbase CEO Brian Armstrong implied that the firm has been impacted by the recent collapse of the crypto exchange FTX. More: - Coinbase said it's undergoing a new restructuring to manage operating expenses in response to market conditions affecting the crypto-economy.
- In June, Coinbase cut nearly 1,100 jobs, about 18% of its workforce. In a blog post today, Armstrong acknowledged "we could have cut further at that time.”
- Coinbase plans to trim its operating expenses by 25% quarter over quarter, according to Armstrong.
- The total restructuring is expected to cost $149M to $163M, including up to $68M in cash for employee severance and other layoff expenses.
- The company believes its full-year adjusted EBITDA losses won't exceed $500M, keeping within its "guardrail" set in 2022.
Zoom Out: - Coinbase and other industry companies have been hit hard by the crash in the price of bitcoin and other cryptocurrencies. However, bitcoin has been trading above $17,000 for the last two days, and is up more than 4% this month, suggesting that prices may begin to stabilize.
THE WALL STREET JOURNAL
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YouTube plans to start sharing advertising revenue with eligible Shorts creators starting on Feb. 1. YouTube said it expects the majority of the short-form video creators to earn more money through the model, which replaces the previous $100M Shorts Fund. More: - Creators who are eligible for YouTube’s Partner Program will be able to earn money from ads shown between videos in the YouTube Shorts feed.
- To join, Shorts creators must have at least 1,000 subscribers and 10 million Shorts views within 90 days.
- Shorts participants have until July 10 to accept the new Partner Program terms.
- The new program is considered a way for YouTube to draw in creators from TikTok, which does not directly share ad revenue with its creators.
- According to YouTube, Shorts now exceeds 30 billion views from 1.5 billion users per month.
ENGADGET
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Apple is facing a second proposed class-action lawsuit over allegations that the company collects and shares user data even when users turn off a feature purporting to disable tracking. The lawsuit stems from recent research indicating that Apple collects data about a user's activity and browsing history through various apps, even when the user declines to share that data. More: - Apple advertises its iPhone Analytics privacy setting as a way to stop private data tracking. Turning off the feature will “disable the sharing of Device Analytics altogether," according to the company.
- However, recent findings by security researcher Tommy Mysk and Talal Haj Bakr indicate that Apple continues to track the data of iPhone users even when they decline.
- Through these practices, Apple is accused in the new lawsuit of violating Pennsylvania's wiretap law and trade practices and consumer protection law.
- The complaint comes after another citizen filed a similar lawsuit, which accuses Apple of violating a California privacy act by recording, tracking, collecting, and monetizing analytics data despite privacy guarantees.
- Apple has yet to comment on the allegations and lawsuits.
BLOOMBERG LAW
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Microsoft is working to bring the ChatGPT chatbot to Word, Outlook, PowerPoint, and other apps. OpenAI's language model, which creates and edits text, could be used to autocomplete phrases in Word, for example. Microsoft, an OpenAI investor, could expand ChatGPT's capabilities to other applications in the Microsoft 365 Office productivity suite. More: - In Outlook, GPT could be used to improve search results and suggest replies to emails, for example.
- The technology has the ability to determine which emails a customer may be searching for even without the exact keywords.
- In Word, Microsoft is looking into how GPT could suggest alternative words and phrases as a user types. The AI technology could summarize or highlight key points in documents.
Zoom Out: - Last week, it was reported that Microsoft plans to integrate ChaptGPT into its Bing search engine.
- The company has already invested $1B in OpenAI and could invest an additional $10B.
THE INFORMATION
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Hi, I'm Kiani from Inside.com! Last week, we asked our tech community, "Is being reliant on technology a positive or negative?" Here’s a response we received: Mehul Kamdar (p/kamdarmehul), CEO at IIS USA, gave a thoughtful answer about two agricultural companies he represents, and believes that technology cannot be avoided and can even make a discernible difference in "something that is genuinely agricultural.” He wrote: “From what I understand, there's a significant difference in taste with this fine tuning. You could grow outdoors under the sun, but then without control of the conditions that the plants grow under, apparently fine-tuning the taste wouldn't be as easy.” Mehul's answer suggests that technology can be utilized to improve the taste of edible crops. Thank you for sharing, Mehul! Want your question featured? Ask a question! Join the conversations at Inside.com, and we may shout out your name and business or contact you for more! ⭐️
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- Meta says it will no longer allow advertisers to target personalized ads to younger users based on their Facebook and Instagram activity.
- Instagram is making changes to the app's home screen in February. The company will remove the Shop tab and return the Create/Compose button to the center of its main navigation bar.
- Microsoft unveiled an AI tool that can replicate any voice using only three seconds of audio. It's not yet available to the public.
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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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