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March 9, 2023, 7:40 PM
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WeSmirchTop News
| Financial Times: |
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities; SIVB closes down 60.41% — Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities
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Bloomberg, TechCrunch, Reuters, Wall Street Journal, Bloomberg, Financial Times, SVB Financial Group, The Information, Pirate Wires, TechCrunch, The Verge, Quartz, Axios, Financial Times, Reuters, Silicon Valley Business …, Livemint, and The Motley Fool
LinkedIn:
Todd Baker. Tweets:
@sullycnbc, @howard, @thebenbergman, @danprimack, @grdecter, @econderek, @msuster, @pitdesi, @pkedrosky, @km, @danprimack, @mikebutcher, @thetranscript_, @jessicalessin, @alexlmiller, @danprimack, @tabby_kinder, @davidmwessel, @benmillerise, @johnhenrystyle, @jamiequint, @chiajy2000, @mbtcpiz, @brextonpham, @skelecap, @wallstcynic, @carlquintanilla, @unusual_whales, @conorsen, @sbyrnes, @onlycfo, @jasoncwarner, @_aj, @scaramucci, @benparr, @carnage4life, @bznotes, @mikeippolito_, @mikeisaac, @stevematthews12, @howardlindzon, @blader, @danprimack, @kevinakwok, @arjunsethi, @alexandrascaggs, @willmanidis, @gaberivera, @utekkare, @sullycnbc, @dylanleclair_, @paddycosgrave, @darian314, @stuartblitz, @dnak, @scottmelker, @mdudas, @jspujji, @evancharles, @zebulgar, @gaberivera, @parikpatelcfa, @davemcclure, @sweatystartup, @parikpatelcfa, @semil, @fraser_slater1, @nmasc_, @mathewlodge, @teroterotero, @austen, @wallstmemes, @zelkovavc, @modestproposal1, @shaanvp, @kateclarktweets, @loganbartlett, @cullenroche, @jeffinatorator, @tolstoybb, @antoniogm, @arpitrage, @nikitabier, @mikeisaac, @noahpinion, @lookner, @willmanidis, 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:
TechCrunch, Bloomberg, Insider, TechCrunch, Semafor, Silicon Valley Business …, Los Angeles Times, CNBC, Fast Company, and Crunchbase News
Tweets:
@msuster, @kateclarktweets, @amir, @msuster, @zck, @blader, @frances_coppola, @jessicalessin, @willmanidis, @danprimack, @zachcoelius, @katies, @villi, @bryce, @colingardiner, @nickthestoic, @grantbrooke, @susanlitv, @piratewires, @piratewires, @therealdansaedi, @grantbrooke, @lizrhoffman, @nmasc_, @benparr, @cullend, @cryptomichnl, @benfranksaltego, @bdsams, @edludlow, @antoniogm, @nmasc_, @dogetoshi, @brianroemmele, @dylanleclair_, @loganbartlett, @reedalbergotti, @bamabonds, and @subes01
| 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, Wired, Signal Blog, Social Media Today, Daring Fireball, and Politico
Tweets:
@ashleydrixey, @arusbridger, @markscott82, @jimkillock, @shionamc, @mikeisaac, @edwinhayward, @matthew_d_green, and @sgdickinson
| 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, MacRumors, 9to5Mac, Ars Technica, MacStories, The Verge, PhoneArena, AppAdvice, Gizmodo, Thurrott, Cult of Mac, Forbes, iClarified, Mashable, Music Ally, Redmond Pie, iPhone in Canada Blog, Macworld, TechRadar, Wccftech, Engadget, Pocket-lint, iThinkDifferent, AppleInsider, iPhone Hacks, and SlashGear
LinkedIn:
Aubrey Bergauer. Tweets:
@appleclassical, @chancehmiller, @rsgnl, @westofhouse, @bzamayo, @dgclassics, @ingridlunden, @stevemoser, @chicagosymphony, @vnchocotaco, @manan, @9to5mac, @andrewcrow, @photomatt, and @jjohnstonmezzo
| Washington Post: |
An investigation details how a group of conservative Colorado Catholics spent millions to buy mobile app tracking data to identify 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:
@tonyajoriley, @froomkin, @brandyzadrozny, @ukigoni, @emzanotti, @arkloster, and @washingtonpost
| 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 …
More:
GOV.UK, The Verge, Video Games Chronicle, Video Games Chronicle, Techdirt, Windows Central, HotHardware, Thurrott, PC Gamer, Eurogamer.net, iPhone in Canada Blog, and Forbes
LinkedIn:
Jay Peters. Tweets:
@lulumeservey, @tomwarren, @charlieintel, @tomwarren, @lulumeservey, @rand_al_thor_19, @idlesloth84_, @jeffgrubb, @gazondaily, @charlieintel, @paultassi, @legacykillahd, @legacykillahd, @twthereddragon, and @parismarx
| Tom Warren / The Verge: |
Discord starts testing a ChatGPT-powered version of its Clyde bot and other AI features, such as conversation summaries and tools for moderating servers — Discord is now using OpenAI's ChatGPT technology to transform its existing Clyde bot into a talkative chatbot.
More:
Discord Blog, TechCrunch, The Information, Bloomberg, Ars Technica, Game Developer, MobileSyrup, PC Gamer, TechRadar, gHacks Technology News, TweakTown, IGN, OnMSFT.com, Mashable, Reuters, Game Rant, GameSpot, VentureBeat, ReHack, and CoinGape
Tweets:
@discord, @tomwarren, @_rynogg, @toastcrust, @tomwarren, @petergyang, and @micolithe
| CoinDesk: |
New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as 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, Axios, Bloomberg, The Block, Tech Startups, SiliconANGLE, CryptoPotato, Cointelegraph, Cryptopolitan, Bitcoin News, Bitcoinist.com, and CryptoSlate
Tweets:
@tier10k, @neerajka, @ap_abacus, @tier10k, @collins_belton, @leomschwartz, @newyorkstateag, @satsdart, @basedkarbon, @wizardofsoho, @karl_0x, @0xsisyphus, @lex_node, @joeconsorti, @givnerariel, @hoffmang, @iamdcinvestor, @erikvoorhees, @twobitidiot, @scott_lew_is, @adanthar, @mdudas, @adamscochran, @dogetoshi, @dylanleclair_, @brianroemmele, @neerajka, @johnedeaton1, and @crediblecrypto
| 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, Mashable, Grammarly, Engadget, TechRadar, Computerworld, ZDNet, blending bits, BGR, Fast Company, Tom's Guide, Thurrott, MarTech, Neowin, CNET, and iDownloadBlog.com
| 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.| Bloomberg: |
Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year — Artificial intelligence has become the tech industry's shiny new toy, with expectations it'll revolutionize trillion-dollar industries from retail to medicine.
More:
arxiv.org and arxiv.org
Tweets:
@dinabass, @mattmday, @environment, @katekayereports, @nic__carter, @bloombergasia, @rachelmetz, and @iethics
| 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, Visual Studio Magazine, TechCrunch, BGR, Neowin, and BigTechWire
Tweets:
@maryjofoley and @tomwarren
| Reuters: |
Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., cloud services and license support revenue up 17% YoY to $8.9B, and net income down 18% YoY — Oracle Corp (ORCL.N) missed quarterly revenue estimates on Thursday, as businesses slowed down IT spending against the backdrop of a sobering economic outlook.
More:
SiliconANGLE, Bloomberg, Barron's Online, Oracle, and CNBC
| 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:
Engadget, Gizmodo, Windows Central, PCMag, Ars Technica, Mashable, gHacks Technology News, TechSpot, XDA Developers, and TechRadar
| 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 … | 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, CryptoSlate, Blockworks, Cointelegraph, New York Times, Cryptonews, CryptoPotato, Crypto Daily, and The Block. 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 … | 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:
Vantage, AlleyWatch, Vantage, and Fortune
| 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:
PC Gamer, VentureBeat, GamesIndustry.biz, Engadget, Polygon, and Ars Technica
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Reuters, Silvergate, Decrypt, CoinDesk, California Department of Financial Protection and Innovation, Blockworks, Reuters, Bloomberg, CoinDesk, Inside Bitcoins, CryptoGlobe, Cryptopolitan, CryptoSlate, and Newser
LinkedIn:
Dina Ellis Rochkind. Tweets:
@senwarren, @cz_binance, @caitlinlong_, @coinbase, @twobitidiot, @brian_armstrong, @adamscochran, @ap_abacus, @dylanleclair_, @ramahluwalia, @paxosglobal, @marathondh, @leomschwartz, @hfangca, @scottmelker, @coindesk, @nic__carter, @bondhack, @ap_abacus, @ceterispar1bus, @himgajria, @akston_capital, @dataarocks, @carnage4life, @sindap, @tier10k, @scottmelker, @ivanthek, @caitlinlong_, @daancrypto, and @thetranscript_