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March 14, 2023, 11:35 AM
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TechCrunch:
Mark Zuckerberg says Meta plans to cut another 10,000 jobs and withdraw around 5,000 open roles, just four months after cutting 11,000 jobs  —  Meta plans to cut its workforce by another 10,000 people and withdraw around 5,000 open roles that it had yet to fill, company co-founder …
Adam Morgan McCarthy / The Block:
Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay  —  - Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel.  —  Meta is ditching its pursuit of NFTs as the company looks …
James Vincent / The Verge:
Google announces AI-powered features for Docs, Gmail, Sheets, Slides, and other Workspace apps, helping users generate text, summarize topics, and create images  —  Google has announced a suite of upcoming generative AI features for its various Workspace apps, including Google Docs, Gmail, Sheets, and Slides.
James Vincent / The Verge:
Google launches an API for its PaLM language model, a new app called MakerSuite to help developers train PaLM, expands support for AI in Vertex AI, and more
David Enrich / New York Times:
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives  —  Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Andrew Ackerman / Wall Street Journal:
Sources: the FDIC is planning another SVB auction, after failing to find a suitor on March 12; at least one offer had been made, which was rejected by the FDIC  —  Auction comes after failed attempt to find suitor on Sunday  —  The Collapse of Silicon Valley Bank: What You Need to Know
Iain Withers / Reuters:
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Platformer:
Sources: Microsoft laid off one of its responsible AI teams that was tasked with assessing the risks associated with integrating OpenAI's tech into its products  —  As the company accelerates its push into AI products, the ethics and society team is gone  —  I.
Kim Mackrael / Wall Street Journal:
Microsoft signs a 10-year deal with Boosteroid to distribute Call of Duty if the Activision deal is approved, the third such deal; Boosteroid has ~4M users  —  Agreement is part of push to convince regulators that the planned $75 billion acquisition won't harm the videogame industry
Reuters:
Sources and documents: India plans to force smartphone makers to let users remove pre-loaded apps and will mandate screening OS updates via new security rules  —  India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system …
Bloomberg:
Source: US prosecutors are looking at Telegram group chats between employees at Jump, Jane Street, and Alameda in May 2022 over the collapse of TerraUSD  —  US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group …
Alexander Osipovich / Wall Street Journal:
Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month
Will Oremus / Washington Post:
Experts say that, in the short term, the promise and perils of generative AI may be more modest than the fervor surrounding tools like ChatGPT makes them seem  —  Hype and fear collide in the tech industry's latest boom  —  If you listen to its boosters, artificial intelligence is poised …
Rest of World:
An in-depth look at tech's terrible 2022 in numbers: VC investment and IPOs falling globally, an 85% drop in new unicorns, layoffs impacting 280,000+, and more  —  Reduced investment and large-scale layoffs have created dark times for tech globally.  —  In March 2022, the future of Muni, a Colombian e-commerce startup, looked bright.
Cristina Criddle / Financial Times:
Sources: multiple women accuse London-based TikTok executive Steve Ware of sexual harassment and say TikTok mishandled the allegations, a pattern at the company  —  Woman's employment contract terminated after internal probe into complaint about advances made by senior manager
Tom Warren / The Verge:
Microsoft plans to make 3D avatars available to all Teams users in May 2023, after announcing the feature in 2021 and testing them privately in recent months  —  Microsoft originally announced the avatars feature in 2021 and has been testing it privately in recent months.
Kate Clark / The Information:
Sources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave the company  —  Silicon Valley startup accelerator Y Combinator won't raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said.

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This is a Techmeme archive page. It shows how the site appeared at 11:35 AM ET, March 14, 2023.

The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.

From Mediagazer

CNBC:
Comcast confirms plans to spin off its NBCUniversal cable TV networks, including MSNBC and CNBC, with Mark Lazarus as CEO; the separation may take about a year

James Warrington / Telegraph:
Almost 93% of 600 Guardian and Observer staff organized by the NUJ vote in favor of strike action over the proposed sale of The Observer to Tortoise

Kanis Leung / Associated Press:
Apple Daily founder Jimmy Lai testifies for the first time in his years-long national security trial; he is already serving a jail term for a fraud conviction

More News

Financial Times:
Sources: China begins to impede subsea internet cable projects in the South China Sea over spying fears, imposing strict permit requirements and approval delays

Earlier Picks

Preetika Rana / Wall Street Journal:
A California appeals court reverses a 2021 lower court ruling that deemed Prop 22 illegal, preserving the independent contractor model of Uber, Lyft, and others
Kellen / Droid Life:
A Pixel 7a developer unit allegedly leaks to a Vietnamese blog, featuring a 90Hz 6.1" display, 8GB of RAM, and two 12MP cameras with wide and ultra-wide lenses
STAT:
Insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for the treatment of older patients
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