It's Wednesday January 3rd and there's suddenly a whole lot going on over at Spotify, the popular music streaming service. Just yesterday, Variety reported that Wixon music publishing is suing the service for $1.6 billion dollars, claiming that the company is serving up thousands of songs without a proper license. This lawsuit comes as no surprise, as Wixon represents some of the biggest names in music history, including the late Tom Petty, Stevie Nicks, Neil Young, and Donald Fagen.

This isn't the first time that Wixon has taken on Spotify in a lawsuit, but it's certainly one of the most high-profile cases to date. The company is known for its robust music publishing arm, which represents some of the biggest names in the industry. With this latest lawsuit, Spotify finds itself on the defensive, facing off against a powerful adversary who is not afraid to take on the tech giant.

Meanwhile, news service Axio reported earlier today that Spotify quietly filed paperwork for an IPO late last month with an eye on possibly taking the company public in the next few months. This move has sent shockwaves through the tech industry, as Spotify's decision to go public without the usual fanfare is seen as a bold and unconventional move.

The IPO will be a direct listing, meaning that Spotify will not hold a traditional road show or marketing campaign to hype up the offering. Instead, the company will list its shares directly on the market, allowing investors to buy and sell them immediately. This approach has been seen as a way for smaller companies to raise capital without having to go through the usual process of generating buzz and excitement before listing their shares.

However, with Wixon's lawsuit looming large, it's unclear whether Spotify's IPO plans will be put on hold. The lawsuit could have significant implications for the company's business model and its ability to operate as a music streaming service. If Spotify is found guilty of violating Wixon's rights, it could face significant financial penalties and damage to its reputation.

On a separate note, bad news has emerged from the world of computer chips. Intel has revealed that a flaw or bug in numerous computer CPUs has resulted in a serious security hole. According to computer and IT news outlet The Register, the flaw could go back to chips made as long as 10 years ago. This means that many devices on the market today could be vulnerable to this security issue.

Despite the severity of the problem, developers at Microsoft, Apple, and Team Linux are reportedly scrambling to fix the issue in their operating systems. According to The Register, the fix may slow some processor speeds by up to 17-23 percent. This is a significant concern for users who rely on their devices for critical tasks such as work or school.

In related news, Intel has confirmed that there is no way to repair the problem on the chip itself, so developers must look to software and operating system updates to close the hole. With the severity of this issue becoming clear, it's likely that we'll see a flurry of updates and patches in the coming days.

Finally, it's time for a little gaming fun. Gaming console maker Eddie's Eric has shared an impressive creation called the "X Book" One X. This clever contraption takes a new Xbox one X and encases it in a box, essentially turning the high-powered console into a giant laptop. While it may not have a battery of its own, the attached high-definition monitor is ready to roll once you plug it in.

The "X Book" One X requires a significant amount of power when running at full tilt, but this means that it can be used in a setting where a small town could run on the same amount of energy. You also need to plug it into a nearby device as well, and handy want one has announced plans to put together an "X Book" just for you for a cool $2,500. You'll have to wait a few weeks while he puts it together, considering how expensive a flow-on gaming PC can be.

The good news is that you don't need a spendy gaming PC to get all the day's tech news. A phone, tablet, or laptop will suffice, and they're much more affordable than a high-end gaming console. Digital Trends is the perfect resource for keeping up with the latest tech news, so why not follow us on our Facebook page, YouTube channel, or podcasts? It's easy to stay informed without breaking the bank.

"WEBVTTKind: captionsLanguage: enit's Wednesday January 3rd and there's suddenly a whole lot going on over at Spotify the popular music streaming service just yesterday Variety reported that Wixon music publishing is suing the service for 1.6 billion dollars claiming the company is serving up thousands of songs without a proper license and Wixon is no lawsuit troll either they represent the late Tom Petty Stevie Nicks Neil Young Donald Fagen and many other artists then earlier today News Service Axio said that Spotify quietly filed paperwork for an IPO late last month with an eye on possibly taking the company public in the next few months additionally the IPO will be an unconventional direct listing instead of the usual big Rob Rob pop-up tour most tech companies go on to generate publicity before going public but will the listing now be put on hold due to the giant Woodson lawsuit this could be very interesting bad news on the computer chip front from Intel a flaw or bug in numerous computer CPUs has resulted in a serious security hole and according to computer and IT news outlet the register the flaw could go back to chips made as long as 10 years ago apparently there's no way to fix the problem on the chip so the hole has to be closed in software and os developers at Microsoft Apple and team Linux are reportedly scrambling to fix the problem in their OS Co so no big deal we wish the register tweeted out that the fix may slow some processor speeds from 17 to 23 percent we got a link to all the details in this developing story and be sure to run those updates when they pop up ok enough bad news it's time for a little gaming fun check out this gem from gaming console mater eddie's Eric he took a new Xbox one X and put it in a box but not just any box Zarek's clever creation called the X book One X makes the latest high powered Xbox much more portable as it's basically a giant laptop now albeit one that has no battery because when running at full tilt the Xbox 1x needs about the same amount of power needed to run a small town ok maybe not but you do have to plug it in and once you do the attached high def monitor is ready to roll and you can still also plug it into a nearby as well handy want one and he says he'll put together an X book just for you for a cool $2,500 and you'll need to wait a few weeks while he puts it together considering how expensive a flow-on gaming PC can be and it's not even going to be portable we'd say that's actually a pretty square deal hey you don't need a spendy gaming pc to get all the day's tech news just a phone tablet or laptop can get you to Digital Trends calm our Facebook page YouTube channel and our podcasts see it's easy thanks for watching we'll see you tomorrowit's Wednesday January 3rd and there's suddenly a whole lot going on over at Spotify the popular music streaming service just yesterday Variety reported that Wixon music publishing is suing the service for 1.6 billion dollars claiming the company is serving up thousands of songs without a proper license and Wixon is no lawsuit troll either they represent the late Tom Petty Stevie Nicks Neil Young Donald Fagen and many other artists then earlier today News Service Axio said that Spotify quietly filed paperwork for an IPO late last month with an eye on possibly taking the company public in the next few months additionally the IPO will be an unconventional direct listing instead of the usual big Rob Rob pop-up tour most tech companies go on to generate publicity before going public but will the listing now be put on hold due to the giant Woodson lawsuit this could be very interesting bad news on the computer chip front from Intel a flaw or bug in numerous computer CPUs has resulted in a serious security hole and according to computer and IT news outlet the register the flaw could go back to chips made as long as 10 years ago apparently there's no way to fix the problem on the chip so the hole has to be closed in software and os developers at Microsoft Apple and team Linux are reportedly scrambling to fix the problem in their OS Co so no big deal we wish the register tweeted out that the fix may slow some processor speeds from 17 to 23 percent we got a link to all the details in this developing story and be sure to run those updates when they pop up ok enough bad news it's time for a little gaming fun check out this gem from gaming console mater eddie's Eric he took a new Xbox one X and put it in a box but not just any box Zarek's clever creation called the X book One X makes the latest high powered Xbox much more portable as it's basically a giant laptop now albeit one that has no battery because when running at full tilt the Xbox 1x needs about the same amount of power needed to run a small town ok maybe not but you do have to plug it in and once you do the attached high def monitor is ready to roll and you can still also plug it into a nearby as well handy want one and he says he'll put together an X book just for you for a cool $2,500 and you'll need to wait a few weeks while he puts it together considering how expensive a flow-on gaming PC can be and it's not even going to be portable we'd say that's actually a pretty square deal hey you don't need a spendy gaming pc to get all the day's tech news just a phone tablet or laptop can get you to Digital Trends calm our Facebook page YouTube channel and our podcasts see it's easy thanks for watching we'll see you tomorrow\n"