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March 9, 2023, 4:30 PM
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memeorandum
WeSmirchTop News
| Financial Times: |
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B portfolio of US Treasuries and mortgage-backed securities; SIVB drops 50%+ — Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities
More:
TechCrunch, Reuters, The Information, TechCrunch, Pirate Wires, Bloomberg, Bloomberg, Financial Times, Financial Times, Silicon Valley Business …, Reuters, The Motley Fool, Livemint, and The Information
Tweets:
@sullycnbc, @danprimack, @thetranscript_, @pitdesi, @pkedrosky, @daveweisberger1, @bznotes, @danprimack, @darian314, @ftalphaville, @mikeippolito_, @arjunsethi, @scottmelker, @msuster, @xavierhelgesen, @cullend, @msuster, @austen, @officialbbrooks, @msuster, @msuster, @stevematthews12, @willmanidis, @loganbartlett, @nmasc_, @kateclarktweets, @kateclarktweets, @mikeisaac, @nmasc_, @fredbenenson, @jeffinatorator, @dnak, @martinsfp, @teroterotero, @semil, @loganbartlett, @benparr, @carnage4life, @davemcclure, @danprimack, @_aj, @evancharles, @blader, @utekkare, @alexrkonrad, @jspujji, @zebulgar, @nikitabier, @sarthakgh, @mikeisaac, @pitdesi, @arrington, @jessicalessin, @muradahmed, @scaramucci, @sullycnbc, @dylanleclair_, @antoniogm, @willmanidis, @howard, @alexlmiller, @kevinakwok, @mathewlodge, @tabby_kinder, @cullenroche, @edenchen, @sweatystartup, @mikesalguero, @cowbayc1, @fraser_slater1, @tbakerbroadmoor, @jamiequint, @alexandrascaggs, @parikpatelcfa, @martinvars, @paddycosgrave, @lookner, @wallstmemes, @zelkovavc, @arpitrage, @noahpinion, @shaanvp, @gaberivera, @gaberivera, and @thebenbergman
| Erin Woo / The Information: |
Some VC firms are encouraging their portfolio companies to pull funds out of Silicon Valley Bank while others are advising startups to keep no more than $250K — Silicon Valley Bank CEO Greg Becker on Thursday told top venture capitalists in Silicon Valley to “stay calm” …
More:
Silicon Valley Business …, Crunchbase News, New York Post, and Semafor
| Alex Hern / The Guardian: |
Meta's Head of WhatsApp, Will Cathcart, says the service would refuse to comply with the UK's Online Safety Bill requirements to remove end-to-end encryption — Meta's head of chat app says it would not comply with the requirements set out in online safety bill
More:
BBC, Social Media Today, Wired UK, MacRumors, and Politico
LinkedIn:
Chris Zoladz. Tweets:
@profwoodward, @mikeisaac, @arusbridger, @markscott82, @jimkillock, @shionamc, @edwinhayward, @matthew_d_green, @sgdickinson, @lotuseatersnews, and @org_scp
| Jay Peters / The Verge: |
The UK's CMA filings: Microsoft details how Call of Duty games could run on the Nintendo Switch, citing an “optimized” game engine and the success of past ports — In a filing (pdf) submitted to the UK's Competition and Markets Authority (CMA), Microsoft shared some details … | Sarah Perez / TechCrunch: |
Apple unveils a standalone classical music iPhone app with 5M+ tracks and more, available for pre-order now to Apple Music subscribers and launching on March 28 — Apple is launching a new music streaming service focused on classical music. Based on its 2021 acquisition …
More:
App Store, 9to5Mac, MacRumors, Gizmodo, Thurrott, CNET, Philip Elmer‑DeWitt, Michael Tsai, MacStories, AppAdvice, The Verge, Wccftech, Macworld, Redmond Pie, Forbes, TechRadar, Variety, Neowin, Cult of Mac, iClarified, Mashable, Music Ally, iPhone in Canada Blog, Engadget, Pocket-lint, AppleInsider, and iPhone Hacks
LinkedIn:
Aubrey Bergauer. Mastodon:
@Jeremiah@alpaca.gold. Tweets:
@appleclassical, @rsgnl, @westofhouse, @bzamayo, @dgclassics, @ingridlunden, @stevemoser, @chicagosymphony, @vnchocotaco, @chancehmiller, @manan, @9to5mac, @andrewcrow, @photomatt, @jjohnstonmezzo, @mgsiegler, @scobleizer, and @ianzelbo
| Washington Post: |
An investigation details how a group of conservative Colorado Catholics spent millions to acquire mobile app tracking data to find priests using gay dating apps — A group of philanthropists poured money into a Denver nonprofit that obtained dating and hookup app data and shared …
More:
Gizmodo. Tweets:
@brandyzadrozny, @tonyajoriley, @froomkin, @ukigoni, @emzanotti, @arkloster, @washingtonpost, and @yashar
| Yusuf Mehdi / Bing Blogs: |
Microsoft says Bing crossed 100M DAUs, driven by the new Bing preview's millions of active users, of which roughly a third are new to the search engine — It's hard to believe it's been just over a month since we released the new AI-powered Bing and Edge to the world as your copilot for the web.
More:
Windows Central, Ars Technica, Gizmodo, PCMag, XDA Developers, Engadget, gHacks Technology News, BGR, SlashGear, Neowin, Silicon Republic, Beyond Search, Thurrott, Search Engine Journal, TechSpot, OnMSFT.com, The Verge, and TechRadar
LinkedIn:
Ashish Dogra and Yusuf Mehdi
| Ben Schoon / 9to5Google: |
Grammarly announces GrammarlyGO, a generative AI tool that can write and rewrite content in a user's style, coming to all users via a beta program in April 2023 — Generative AI was made popular by ChatGPT at the end of 2022, and for the first few months of 2023, the floodgates have opened up for the technology.
More:
Grammarly Blog, Computerworld, Mashable, Engadget, TechRadar, Grammarly, Silicon Republic, Fast Company, Plagiarism Today, SlashGear, iDownloadBlog.com, Tom's Guide, Thurrott, MarTech, Neowin, and CNET
Tweets:
@johnkoetsier, @benbajarin, @rustybrick, @missloumae, and @ignitedigitalca
| Tom Warren / The Verge: |
Discord starts testing its ChatGPT-powered chatbot called Clyde and other AI features, including conversation summaries and tools to moderate servers — Discord is now using OpenAI's ChatGPT technology to transform its existing Clyde bot into a talkative chatbot.
More:
Discord Blog, TechCrunch, Ars Technica, Game Developer, Livemint, PC Gamer, TechRadar, Digital Trends, PCMag, Dexerto, Mashable, Game Rant, Club386, VentureBeat, SiliconANGLE, Reuters, PCWorld, IGN, Engadget, Tech Startups, OnMSFT.com, GameSpot, ReHack, CoinGape, and Pocket-lint
Tweets:
@discord, @_rynogg, @moonlessshift, @tomwarren, @toastcrust, @tomwarren, @petergyang, and @micolithe
| Tom Warren / The Verge: |
Microsoft makes ChatGPT available in its Azure OpenAI service, letting developers and businesses add the LLM to their apps, priced at $0.002 for 1,000 tokens — Microsoft is making ChatGPT available in its own Azure OpenAI service today. Developers and businesses will now be able …
More:
Source, TechCrunch, Neowin, BigTechWire, and OnMSFT.com
Tweets:
@jackrowbo, @maryjofoley, @tomwarren, and @azure
| Jesselyn Cook / NBC News: |
Investigation: some Pinterest users are creating sex-themed image boards of kids and the company's algorithm surfaces such content for adults who seek it out — Like other kids her age, 9-year-old Victoria signed up for Pinterest because she wasn't allowed on TikTok.
More:
Engadget. Tweets:
@oneunderscore__, @jessreports, @jessreports, @brandyzadrozny, @schemaly, @benryanwriter, and @jimsteyer
| Nikhilesh De / CoinDesk: |
The White House's proposed budget is set to include a provision closing tax loss harvesting on crypto transactions, with the change expected to raise up to $24B — The U.S. President is expected to unveil his budget proposal on Thursday. — U.S. President Joe Biden's proposed budget …
More:
Wall Street Journal, Blockworks, The Block, CryptoPotato, CoinGape, Cointelegraph, Cryptonews, ArcticStartup, and Crypto Daily. Tweets:
@tier10k
| Dean Takahashi / VentureBeat: |
An interview with Google Cloud's Jack Buser on Google Cloud for Live Games, the company's post-Stadia gaming strategy that aims to help companies scale games — Google Cloud is unveiling its new games strategy dubbed Google Cloud for Live Games. It means it will use its global infrastructure …
Tweets:
@stephentotilo and @stephentotilo
| Ivan Mehta / TechCrunch: |
Reddit plans to shut down its Clubhouse-style live audio tool Reddit Talk on March 21, saying adding audio needs “significant work”; Talk launched in April 2021 — After Clubhouse's rise to fame, every platform rushed to build a clone. But in the last year or so … | Jay Peters / The Verge: |
Epic Games starts letting developers self-publish to the Epic Games Store, taking a 12% game sales commission and no IAP cut if they use their own payment tool — Epic Games is finally going to let developers self-publish games to the Epic Games Store beginning Thursday.
More:
GamesIndustry.biz, PC Gamer, Ars Technica, Game Developer, VentureBeat, Thurrott, Engadget, WRAL TechWire, IGN, Polygon, KnowTechie, and The Verge. Tweets:
@timsweeneyepic
| Katie Tarasov / CNBC: |
An interview with Nvidia CEO Jensen Huang on the company's role in the generative AI explosion, H100's transformer engine, US-China trade tensions, and more — WATCH NOW — Nvidia expanded from gaming into A.I. Now the big bet is paying off as its chips power ChatGPT
LinkedIn:
Sarah Izzo Fenwick
| Sergiu Gatlan / BleepingComputer: |
The FBI is investigating a data breach of DC Health Link servers impacting thousands, including US House members and staff; some data is already for sale online — The FBI is investigating a data breach affecting U.S. House of Representatives members and staff after their account …
More:
The Hill, Gizmodo, NBC News, Engadget, PCMag, The Record, Associated Press, Reuters, Metacurity, HackRead, SC Media, Washington Post, HealthITSecurity, TechRadar, and TechSpot
Tweets:
@henryrodgersdc, @maxpcohen, @demopj, and @fbajak
| Wall Street Journal: |
Sources: ahead of a March 16 launch, Baidu hurries to ready its ChatGPT-style Ernie Bot, which struggles with basic tasks, to get ahead of its Chinese rivals — Employees working round-the-clock say the AI chatbot, dubbed Ernie Bot, is still in training mode before a planned March 16 rollout
Tweets:
@jordanschnyc, @_karenhao, @tomflowers, @jchengwsj, @jimpethokoukis, @martijnrasser, and @hsu_steve
| CoinDesk: |
New York AG files suit against KuCoin, alleging the crypto exchange offers tokens, including ETH, that meet the definition of a security, without registering — A press release said the lawsuit was part of ongoing “efforts to crack down on unregistered cryptocurrency platforms.”
More:
NY State Attorney General, Reuters, Decrypt, and CoinGape
| Frederic Lardinois / TechCrunch: |
NYC-based Vantage, which helps companies manage and cut their cloud costs, raised a $21M Series A led by Scale Venture Partners, after a $4M seed in June 2021 — Vantage, a startup that helps businesses better understand their cloud infrastructure spend (and automate their savings) …
More:
AlleyWatch, Vantage, Vantage, Fortune, Bloomberg, SiliconANGLE, and The Information
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| Dell Cameron / Wired: |
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Ars Technica and TechCrunch
LinkedIn:
Artur D'Assumpcao. Tweets:
@dellcam, @kyleseraphin, @toomuchme, @stackinsnackin, and @karlbode
| Christiana Loureiro / The Block: |
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Reuters, Silvergate, Blockworks, Decrypt, CoinDesk, Reuters, California Department of Financial Protection and Innovation, Bloomberg, CNBC, Inside Bitcoins, Bloomberg, CoinDesk, CryptoSlate, The Verge, Financial Times, crypto.news, CryptoGlobe, Cryptopolitan, Coinspeaker, Blockonomi, and Tech Startups
LinkedIn:
Dina Ellis Rochkind. Tweets:
@senwarren, @cz_binance, @caitlinlong_, @coinbase, @twobitidiot, @brian_armstrong, @dylanleclair_, @adamscochran, @ap_abacus, @marathondh, @paxosglobal, @leomschwartz, @hfangca, @ramahluwalia, @scottmelker, @bondhack, @coindesk, @nic__carter, @ap_abacus, @coindesk, @smdiehl, @business, @ceterispar1bus, @himgajria, @akston_capital, @dataarocks, @carnage4life, @sindap, @tier10k, @scottmelker, @ivanthek, @caitlinlong_, @daancrypto, @thetranscript_, @cryptodonalt, @autismcapital, @prestonjbyrne, @northrocklp, @stockjabber, @twobitidiot, @johnedeaton1, @lopp, and @caspiancey