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Techmeme

A US government website shows the Commerce Department withdrew a planned rule tightening AI chip exports; a draft was sent to agencies for feedback in February (Karen Freifeld/Reuters)

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Sources: Meta plans sweeping layoffs that could affect 20% or more of the company, amid mounting AI infrastructure costs; it had ~79,000 employees as of Dec. 31 (Reuters)

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A US judge questions Elon Musk's $134B claim for damages in his lawsuit against OpenAI and Microsoft but rules Musk can still make his case to a jury (Elon Musk/Financial Times)

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$TRUMP memecoin surged as much as 60% after its promoters announced a gala luncheon at Mar-a-Lago with Trump; the White House hasn't confirmed his attendance (Bloomberg)

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Amazon wins its appeal against a €746M GDPR fine imposed by Luxembourg's privacy watchdog after a court finds the watchdog had not properly done its analysis (Foo Yun Chee/Reuters)

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Sources: the Trump administration is set to receive a ~$10B fee from investors in TikTok's US business for the government's role in brokering the TikTok US deal (Wall Street Journal)

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