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March 27, 2023, 2:17 PM
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Top News

Daniel Taub / Bloomberg:
First Citizens agrees to buy the commercial banking business of Silicon Valley Bank from the FDIC including all deposits and loans  —  First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
CFTC:
The CFTC sues Binance, CEO CZ, and an ex-chief compliance officer, calling Binance's compliance efforts “a sham” and corporate structure “intentionally opaque”  —  Washington, D.C. — The Commodity Futures Trading Commission today announced it has filed …
Frederic Lardinois / TechCrunch:
Microsoft says Teams has 280M MAUs, up from 270M in Jan. 2022, and says it has rebuilt Teams to be twice as fast, rolling out to Windows' Public Preview program  —  Teams, Microsoft's Slack rival, has always had a bit of a reputation for being slow and resource-hungry.
Alex Hern / The Guardian:
Nvidia CTO Michael Kagan says crypto does not “bring anything useful for society” and other processing power uses like AI are more worthwhile than crypto mining  —  Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
Dustin Volz / Wall Street Journal:
Biden signs an EO limiting US agencies' use of hacking tools from companies that are linked to human rights abuses or are deemed to pose national security risks  —  Officials say at least 50 U.S. personnel overseas had been compromised by commercial spyware
New York Times:
Filing: some Twitter source code was leaked by user “FreeSpeechEnthusiast” on GitHub, which removed the code to comply with Twitter's DMCA notice on March 24  —  The leak adds to the challenges facing the Elon Musk-owned company, which is trying to unmask the person responsible and any other people who downloaded the code.
Emma Roth / The Verge:
Zoom partners with OpenAI to expand its Zoom IQ assistant, adding the ability to generate whiteboards using text prompts, provide recaps of meetings, and more  —  Zoom has become the latest productivity app to expand its use of artificial intelligence.  In a blog post published on Monday …
Richard Milne / Financial Times:
Ammo maker Nammo says its growth is hit by a TikTok data center using all spare electricity, as energy demand from data centers and others grows in the Nordics  —  Norwegian group Nammo blames ‘storage of cat videos’ for threatening its growth as data centre corners spare electricity
Larry DiTore / The Block:
Filing: MicroStrategy bought 6,455 BTC for ~$150M from February 16 to March 23 at an average price of $23,238; the company held ~$4.14B worth of BTC on March 23  —  - MicroStrategy now has a little more than $4 billion worth of bitcoin in its corporate coffers.
Reuters:
Sources: Jack Ma has returned to China after over a year; sources: since late 2022, China Premier Li Qiang had urged Ma to return to allay private sector fears  —  Alibaba (9988.HK) founder Jack Ma has returned to China, ending a stay overseas of more than a year that industry viewed …

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This is a Techmeme archive page. It shows how the site appeared at 2:17 PM ET, March 27, 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

Peter White / Deadline:
Fox and Hulu extend their content partnership, including in-season streaming rights for Fox's programming; sources: the deal is worth $1.5B over four years

Peter Kafka / Business Insider:
A Q&A with Chris Balfe, CEO of Red Seat Ventures, which has helped Tucker Carlson and Megyn Kelly set up their podcast and streaming businesses and sell ads

Jonathan Stempel / Reuters:
A New York judge finds Sirius XM liable for a difficult subscription cancellation process; Sirius says it will appeal but abide by a new “click-to-cancel” rule

More News

Juli Clover / MacRumors:
Apple releases iOS 16.4 with new emoji, Safari web push notifications for sites added to the Home Screen, Voice Isolation for calls, and more
Chris Welch / The Verge:
Sonos Era 300 review: the best spatial audio from any speaker, flexible connectivity options, but a poor Sonos app UX and spatial audio quality varies by track
Simon Sharwood / The Register:
The French government bans TikTok and all other recreational apps from staff phones, claiming that none have sufficiently robust security for government devices

Earlier Picks

Sarah E. Needleman / Wall Street Journal:
A look at Modulate's ToxMod and other AI-based tools that help gaming companies moderate voice chats in online games, amid concerns of accuracy and user privacy
Bloomberg:
Sources: the Hong Kong arms of three Chinese state banks reached out to offer services to crypto companies in the past few months, despite a mainland crypto ban
Pranshu Verma / Washington Post:
A mid-March Midjourney update seemingly fixed one of the AI image generator's major failings: its inability to depict lifelike human hands with five fingers
Samriddhi Sakunia / Rest of World:
After India's legal orders this week, Twitter blocked the tweets of 122 users, including reporters and politicians, from Indian users; it used to push back more
ProPublica:
A look at OBNBrandon, a prolific scammer in a booming community focused on banning influencers' accounts, mainly on Instagram, and extorting for “reactivation”
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