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Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the goggles’ third version (Dina Bass/Bloomberg)

Dina Bass / Bloomberg: Sources: Microsoft cuts jobs in its Surface, HoloLens, and Xbox units; heavy cuts to the HoloLens hardware team raise questions about the goggles’ third version  —  Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices …

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GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker’s New York facility for GM’s key auto suppliers (Michael Wayland/CNBC)

Michael Wayland / CNBC: GM signs a long-term deal with GlobalFoundries to establish exclusive production capacity at the chip maker’s New York facility for GM’s key auto suppliers  —  – GM has signed a long-term agreement with GlobalFoundries to establish exclusive production capacity of U.S.-produced semiconductor chips, the companies announced Thursday.

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A look at the economics of Microsoft and Google inserting LLMs into search, crushing profitability and requiring massive capex, and the impact on the companies (SemiAnalysis)

SemiAnalysis: A look at the economics of Microsoft and Google inserting LLMs into search, crushing profitability and requiring massive capex, and the impact on the companies  —  $30B Of Google Profit Evaporating Overnight, Performance Improvement With H100 TPUv4 TPUv5  —  OpenAI’s ChatGPT took the world by storm …

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SEC commissioner Hester Peirce rebukes her agency’s action against Kraken, calling it “paternalistic and lazy” and questioning if it was a win for investors (Rohan Goswami/CNBC)

Rohan Goswami / CNBC: SEC commissioner Hester Peirce rebukes her agency’s action against Kraken, calling it “paternalistic and lazy” and questioning if it was a win for investors  —  – SEC commissioner Hester Peirce issued a public dissent to her agency’s enforcement action against crypto exchange Kraken.

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A US jury finds an artist violated Hermès’ rights to the Birkin trademark in 2021 by creating and selling MetaBirkin 100 NFTs depicting versions of the handbags (Bloomberg Law)

Bloomberg Law: A US jury finds an artist violated Hermès’ rights to the Birkin trademark in 2021 by creating and selling MetaBirkin 100 NFTs depicting versions of the handbags  —  Luxury brand Hermès International SA won its lawsuit against the digital artist behind “MetaBirkin” …

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Analysis: darknet markets made $1.5B in revenue in 2022, down from $3.1B in 2021, led by Hydra Market, despite being shut down by German police in April 2022 (Chainalysis)

Chainalysis: Analysis: darknet markets made $1.5B in revenue in 2022, down from $3.1B in 2021, led by Hydra Market, despite being shut down by German police in April 2022  —  2022 saw a decline in revenue from the previous year for darknet markets and fraud shops.  Total darknet market revenue for 2022 ended …

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Reddit suffered a cyberattack on February 5 during which hackers accessed some documents, code, and business systems; the company says users’ passwords are safe (Lawrence Abrams/BleepingComputer)

Lawrence Abrams / BleepingComputer: Reddit suffered a cyberattack on February 5 during which hackers accessed some documents, code, and business systems; the company says users’ passwords are safe  —  Reddit suffered a cyberattack Sunday evening, allowing hackers to access internal business systems and steal internal documents and source code.

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As ChatGPT and other LLMs repackage info into superficial approximations, like lossy compression for images, the web will become a blurrier version of itself (Ted Chiang/New Yorker)

Ted Chiang / New Yorker: As ChatGPT and other LLMs repackage info into superficial approximations, like lossy compression for images, the web will become a blurrier version of itself  —  OpenAI’s chatbot offers paraphrases, whereas Google offers quotes.  Which do we prefer?  —  In 2013, workers at a German …

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Cloudflare reports Q4 revenue up 42% YoY to $274.7M, vs. $274.1M est., and FY 2023 revenue guidance between $1.33B and $1.34B, vs. $1.31B est.; NET jumps 9%+ (Reinhardt Krause/Investor’s Business …)

Reinhardt Krause / Investor’s Business Daily: Cloudflare reports Q4 revenue up 42% YoY to $274.7M, vs. $274.1M est., and FY 2023 revenue guidance between $1.33B and $1.34B, vs. $1.31B est.; NET jumps 9%+  —  Cloudflare (NET) on Thursday reported fourth-quarter earnings and revenue that edged by Wall Street targets.

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The US DOT is investigating Neuralink over the potentially illegal movement of hazardous pathogens, after animal welfare group PCRM wrote to Pete Buttigieg (Rachael Levy/Reuters)

Rachael Levy / Reuters: The US DOT is investigating Neuralink over the potentially illegal movement of hazardous pathogens, after animal welfare group PCRM wrote to Pete Buttigieg  —  The U.S. Department of Transportation said on Thursday it is investigating Elon Musk’s brain-implant company Neuralink …

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Cloudflare reports Q4 revenue up 42% YoY to $274.7M, vs. $274.1M est., and FY 2023 revenue guidance between $1.33B and $1.34B, vs. $1.31B est.; stock is up 10%+ (Reinhardt Krause/Investor’s Business …)

Reinhardt Krause / Investor’s Business Daily: Cloudflare reports Q4 revenue up 42% YoY to $274.7M, vs. $274.1M est., and FY 2023 revenue guidance between $1.33B and $1.34B, vs. $1.31B est.; stock is up 10%+  —  Cloudflare (NET) on Thursday reported fourth-quarter earnings and revenue that edged by Wall Street targets.

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