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March 14, 2023, 11:55 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 …
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Mark Zuckerberg
| 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 …
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| 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.
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The Keyword, Google Workspace Blog, TechCrunch, 9to5Google, Search Engine Land, CRN, PCWorld, Thurrott, Gizmodo, NBC News, Washington Post, SiliconANGLE, Neowin, MobileSyrup, Wccftech, Search Engine Journal, Axios, and Android Police
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@simonw, @transitive_bs, @yitayml, @benbajarin, @googleworkspace, @google, @adrianweckler, @devrelcallum, @adrianweckler, @jjvincent, and @tomwarren
| James Vincent / The Verge: |
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@sundarpichai, @alphasignalai, @googleai, @marie_haynes, and @bentossell
| 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| Natasha Mascarenhas / TechCrunch: |
Email: SVB's new CEO Tim Mayopoulos says SVB NA, a new, FDIC-run “bridge-bank” with deposits protected by the FDIC, is “open and conducting business as usual” — The former Fannie Mae exec says new deposits will be protected by the FDIC
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FDIC, The Information, Gizmodo, Reuters, Banking Dive, New York Post, and gHacks Technology News
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@priyanshi50 and @nmasc_
| 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.
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The Intercept, Bloomberg, PYMNTS.com, Wall Street Journal, Bloomberg, CNN, Wccftech, Watcher Guru, New York Times, Crypto Daily, Coinpedia Fintech News, Lucky Trader, and Financial Times
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@mekkaokereke@hachyderm.io and @darius@friend.camp
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@nic__carter, @stevenkelly49, @josephzeballos, @jayparsons, @loganbartlett, @joebiden, @benedictevans, @dsquareddigest, @mikiebarb, @rebeccaballhaus, @joenbc, @rokhanna, @bobbybigwheel, @stevenzzhou, @unusual_whales, @frognews, @davidsirota, @tphillips, @jstein_wapo, @andrewrestuccia, @keitholbermann, @eliotwb, @bykowicz, @sullycnbc, @tristansnell, @markmobility, @davidenrich, @liz_franczak, @bykowicz, @kenklippenstein, @markfollman, @deitaone, @stevenkelly49, and @thestalwart
| Iain Withers / Reuters: |
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Board of Governors …, Sifted, Financial Times, TechCrunch, HSBC, Blockonomi, and Bitcoin News
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@jeremy_hunt, @cetier1, @hmtreasury, and @jamestitcomb
| 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
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Microsoft, TechCrunch, GamesIndustry.biz, Bloomberg, 9to5Google, Game Developer, Windows Central, Reuters, The Verge, Gameranx, GameSpot, FOSS Patents, TrueAchievements, MSPoweruser, Pure Xbox, OnMSFT.com, Video Games Chronicle, and Wccftech
Tweets:
@koreaxboxnews, @fedorovmykhailo, @bradsmi, and @tomwarren
| 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 …
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Apple Must, AppleInsider, MacRumors, Android Authority, Neowin, TechRadar, Android Police, and Sammy Fans
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@adityakalra, @eric_seufert, @adityakalra, @munsifv, @ahmermkhan, @munsifv, @munsifv, and @adityakalra
| Joe Rossignol / MacRumors: |
Apple announces Shop With a Specialist Over Video, a live video session available from 7am to 7pm PT on its website for US customers looking to buy an iPhone — Apple today announced that customers in the U.S. can now connect with an Apple Specialist over a live video session while shopping for an iPhone on the company's online store.
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Apple, TechCrunch, AppleInsider, SlashGear, The Apple Post, BGR, and Cult of Mac
| 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 …
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Bloomberg Law and Protos
Tweets:
@tier10k, @yueqi_yang, @silvermanjacob, @mjpldn, @smdiehl, @theskyhopper, @yueqi_yang, @tier10k, @newmoneyreview, @sgtskill, @scupytrooples, and @ldrogen
| Alexander Osipovich / Wall Street Journal: |
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Blockworks, Inside Bitcoins, Bitcoin News, Bitcoinist.com, crypto.news, Forkast, and CryptoSlate
Tweets:
@fintechfrank, @poordart, @fatmanterra, @autismcapital, @allyversprille, @mdudas, @tier10k, and @molly0xfff
| Emily Nicolle / Bloomberg: |
Binance suspends UK deposit and withdrawal services via bank transfers and card payments after its local banking partner Paysafe stopped providing support — Binance Holdings Ltd., the world's largest crypto exchange, is suspending deposit and withdrawal services via bank transfers …
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Finextra, Gizmodo, Decrypt, Reuters, CoinGeek, The Verge, CryptoSlate, and Cointelegraph
| 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 …
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The Atlantic, Computerworld, and The Road to AI We Can Trust
Tweets:
@theatlantic, @washingtonpost, @shiraovide, @willoremus, @irannewsnow, @neilturkewitz, @adam_k_levin, @garymarcus, and @_felixsimon_
| 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.| 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.| 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
More:
TechCrunch. Tweets:
@madhumita29, @cristinacriddle, @cristinacriddle, @cristinacriddle, @cristinacriddle, @muradahmed, and @cristinacriddle
| 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.
More:
Tech in Asia and The Economic Times
Tweets:
@fendien, @kateclarktweets, @pt, @brianbrackeen, @carnage4life, @yuris, @pitdesi, @madhavchanchani, and @umangdua
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