👔 Microsoft partners with Meta to bring Teams, Office, Windows, and Xbox to VR

Plus: Intel Plans to Cut Thousands of Jobs in Face of PC Slowdown, NASA Spacecraft Smashed Asteroid Into New Orbit in Planetary Defense Test, and more…

Today’s pick

Microsoft partners with Meta to bring Teams, Office, Windows, and Xbox to VR. Microsoft and Meta looked like they were on a collision course last year, poised to compete heavily for the future of work in the metaverse. But today, both companies announced they are partnering to collaborate on how people will work and even… (Tom Warren / The Verge)

Tom Warren @tomwarren

Microsoft is partnering with Meta in to bring Teams, Windows, Office, and even Xbox Cloud Gaming to Quest VR headsets. It's the biggest Microsoft and Meta partnership since the Facebook and Windows Phone integration a decade ago. Full details here: theverge.com/2022/10/11/233…

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Intel Plans to Cut Thousands of Jobs in Face of PC Slowdown. Intel Corp. is planning a major reduction in headcount, likely numbering in the thousands, to cut costs and cope with a sputtering personal-computer market, according to people with knowledge of the situation. The layoffs will be announced as early… (Mark Gurman / Bloomberg)

Mark Gurman @markgurman

New story: Intel plans layoffs for later this month that could impact thousands of employees as it reels from a PC slowdown. Story with @debbywuintaipei

bloomberg.comIntel Plans Thousands of Job Cuts in Face of PC Slowdown

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NASA Spacecraft Smashed Asteroid Into New Orbit in Planetary Defense Test. Last month, NASA took aim at an asteroid, and on Tuesday, the space agency announced that its planned 14,000-mile-per-hour collision with an object named Dimorphos was more successful than it expected. “We conducted humanity's first… (Sarah Scoles via The New York Times)

Sarah Scoles @ScolesSarah

The DART mission, to smack an asteroid into a different orbit, worked. Worry about something besides hazardous space rocks when you can't sleep tonight.

nytimes.comNASA Spacecraft Accomplishes Mission and Smashes Asteroid Into New OrbitThe DART mission proved more successful than expected in adjusting the trajectory of Dimorphos, suggesting that a deadly space rock could be deflected in the future.

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Uber, Doordash plunge after Labor Department proposes change to gig worker classification. The Biden Labor Department released a proposal Tuesday that could make it possible for gig workers to be reclassified as employees, rather than contractors. The proposed rule sent stocks for gig companies like DoorDash, Lyft and Uber down. It comes… (Lauren Feiner / CNBC)

Lauren Feiner @lauren_feiner

Shares of gig economy companies like DoorDash, Lyft and Uber are down as the Biden Labor Department proposes a rule that could make it easier to classify their workers as employees, rather than contractors

cnbc.comUber, Doordash plunge after Labor Department proposes change to gig worker classificationThe proposed rule sent stocks for gig companies like DoorDash, Lyft and Uber down.

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A16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin Kan. Twitch cofounder Justin Kan is launching a new startup in the world of web3. Kan and four cofounders have raised $14 million for Rye, a shopping platform that will look to use crypto tokens to try to build a cheaper Spotify for ecommerce. Kan will… (Alex Konrad via Forbes)

Alex Konrad @alexrkonrad

News: Twitch cofounder Justin Kan has launched a new startup, Rye. Backed by $14M from investors led by a16z crypto, Rye is looking to be the Spotify of online shopping -- in part by bringing web3 and crypto tokens to the ecommerce world.

forbes.comA16z Crypto Leads $14 Million Bet On Rye, New Web3 Commerce Startup From Justin KanCofounded by ex-Twitch cofounder Kan and five others, Rye is promising merchants online sales at a lower cut, due to a crypto token project. A16z crypto, Solana Ventures and others have poured $14 million in, pre-launch.

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