Month: January 2023

OpenAI announces an investment by Microsoft, a source says totalling $10B over years, after 2019 and 2021 investments, to build “safe, useful, and powerful” AI (Dina Bass/Bloomberg)

Dina Bass / Bloomberg: OpenAI announces an investment by Microsoft, a source says totalling $10B over years, after 2019 and 2021 investments, to build “safe, useful, and powerful” AI  —  Microsoft Corp. is making a $10 billion investment over several years in OpenAI, the pioneering artificial intelligence research lab behind ChatGPT and DALL-E.

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Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups (Eva Mathews/Reuters)

Eva Mathews / Reuters: Spotify plans to lay off ~6% of its workforce, or roughly 600 jobs, says content head Dawn Ostroff will leave, and reorganizes engineering and product groups  —  Music streaming firm Spotify plans to cut 6% of its workforce, the company said on Monday, a move that will add to a glut

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Germany’s cartel regulator opens an investigation into PayPal Europe over possibly hindering competition, including merchant rules for other payment services (Karin Matussek/Bloomberg)

Karin Matussek / Bloomberg: Germany’s cartel regulator opens an investigation into PayPal Europe over possibly hindering competition, including merchant rules for other payment services  —  Germany’s antitrust regulator opened an investigation into PayPal Holdings Inc. over potential obstruction of competitors and restriction of price competition

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As China introduces rules to combat deepfakes, authorities around the world have approved few regulations, often because of free speech concerns (Tiffany Hsu/New York Times)

Tiffany Hsu / New York Times: As China introduces rules to combat deepfakes, authorities around the world have approved few regulations, often because of free speech concerns  —  Few governments have approved regulations, often because of free-speech concerns.  New mandates from China could change the tone of the debate on digital forgeries.

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Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023 (AnnaMaria Andriotis/Wall Street Journal)

AnnaMaria Andriotis / Wall Street Journal: Wells Fargo, BofA, JPMorgan, and four other banks are working on a digital wallet, managed by Zelle owner Early Warning Services, rolling out in H2 2023  —  Financial institutions behind Zelle are working on a wallet for consumers to use at online checkout  —  Big banks are teaming …

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Nokia signs a multiyear cross-license patent agreement with Samsung, covering fundamental 5G and other tech, after the previous deal expired at the end of 2022 (Rafaela Lindeberg/Bloomberg)

Rafaela Lindeberg / Bloomberg: Nokia signs a multiyear cross-license patent agreement with Samsung, covering fundamental 5G and other tech, after the previous deal expired at the end of 2022  —  Nokia Oyj signed a new multiyear cross-license patent agreement with Samsung Electronics that enables the handset maker to use Nokia’s technology in its products.

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Best practices for devops observability

My first blog post in 2005 was about application logging, and I shared 10 practices I hoped my development team would follow. Today’s devops implementations around observability are more sophisticated and scalable, but several of my recommendations remain relevant, especially logging session IDs, specifying code-location details, and ensuring logs are free from security and privacy-related

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Rational exuberance drives IT spending

“IT spending remains recession-proof.” Thus spake John-David Lovelock, distinguished VP analyst at Gartner. This might raise eyebrows, given Big Tech’s big layoffs (more than 200,000 and counting) over the past 12 months. Lovelock’s views notwithstanding, Gartner very recently revised downward its 2022 forecast of 5.1% IT spending growth to just 2.4%. However, this apparent reversal belies

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The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before (Tripp Mickle/New York Times)

Tripp Mickle / New York Times: The recent tech layoffs highlight a generational divide between younger workers, experiencing their first downturn, and older workers, who have been here before  —  The industry’s recent job cuts have been an awakening for a generation of workers who have never experienced a cyclical crash.

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Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets (David Pan/Bloomberg)

David Pan / Bloomberg: Binance says Signature Bank will only handle transactions of over $100,000, starting on February 1, as the US bank decreases its exposure to crypto markets  —  Binance, the world’s largest cryptocurrency exchange, said Signature Bank will only handle user transactions of more than $100,000 …

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Genesis Global Capital’s bankruptcy marks the end of an era of crypto lenders trying to bring the centuries-old banking model to digital currencies (Alexander Osipovich/Wall Street Journal)

Alexander Osipovich / Wall Street Journal: Genesis Global Capital’s bankruptcy marks the end of an era of crypto lenders trying to bring the centuries-old banking model to digital currencies  —  Risk in crypto-lending sector was poorly managed, subjecting users to heavy losses after epic boom  —  The late-night bankruptcy filing …

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