Daily Tech News 18 November 2022

• Looks like Elon is getting his 75% staff cuts. (ABC) (No, the other one)
  
  He told staff to either commit to doing their jobs or quit now. Sounds like many have chosen option B.... In a recession, with the entire tech industry either in a hiring freeze or actively laying off staff, and the crypto sector in particular having a complete shrieking meltdown.
  
  Janine, someone with your qualifications would have no trouble finding a top-flight job in either the food service or housekeeping industries.
  
  
  
• Alameda Research - bankrupt sister company to the bankrupt FTX - had $14.6 billion in assets just six months ago. (CoinDesk)
  
  Unfortunately most of this was imaginary, including billions of dollars worth of cryptocurrencies issued by FTX.
  
  Meanwhile FTX was spending billions in actual money on garbage. (Semafor)
  
  That garbage included an investment in news site Semafor.
  
  Investing money in FTX was like giving a bottle of hundred year old brandy to an alcoholic.
  
  
  

• Ticketmaster is probably glad that Twitter and FTX are eating the news cycle after having to cancel ticket sales for Taylor Swift's 2023 tour. (ABC)
  
  They reportedly received 3.5 billion requests for tickets, which seems like a lot, but:

  "For example: based on the volume of traffic to our site, Taylor would need to perform over 900 stadium shows (almost 20x the number of shows she is doing) ... that's a stadium show every single night for the next 2.5 years."

  Suffering from success, I guess.
  
  Oh, and after ignoring the growing FTX disaster for years, Congress now wants to investigate Ticketmaster. Guess they didn't bribe the regulators.
  
  
  
• AMD is expected to release 65W non-X versions of the 7600, 7700, and 7900 at significantly lower prices than the X models. (WCCFTech)
  
  Those are 6, 8, and 12 core parts respectively. There was a 65W 12 core 5900 part, but it wasn't available in retail. It will be interesting to see how the 7900 performs given that the 7900X is rated at 170W.
  
  
  
• Fred Brooks has passed away. (Twitter)
  
  Brooks was the project manager for IBM's massively successful System/360 mainframes and OS/360 operating system, and wrote of his experiences in the classic The Mythical Man Month.
  
  His name is attached to Brooks' Law: Adding manpower to a late software project makes it later, though he personally considered this an "outrageous oversimplification". Not untrue, but an oversimplification.
  
  
  

posted by Pixy Misa at 04:05 AM

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