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March 9, 2023, 5:20 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 portfolio of US Treasuries and mortgage-backed securities; SIVB drops 60%+ — Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities
More:
TechCrunch, Reuters, TechCrunch, SiliconANGLE, The Information, Pirate Wires, Bloomberg, SVB Financial Group, Bloomberg, Financial Times, Financial Times, Reuters, Silicon Valley Business …, The Motley Fool, Livemint, and The Information
LinkedIn:
Todd Baker. Tweets:
@sullycnbc, @danprimack, @howard, @msuster, @grdecter, @thetranscript_, @pitdesi, @pkedrosky, @chiajy2000, @mbtcpiz, @brextonpham, @skelecap, @wallstcynic, @carlquintanilla, @econderek, @unusual_whales, @conorsen, @sbyrnes, @onlycfo, @johnhenrystyle, @jasoncwarner, @modestproposal1, @jonahlupton, @peggymangot, @ericbalchunas, @parikpatelcfa, @zerohedge, @mdudas, @jasoncwarner, @stuartblitz, @howardlindzon, @antoniogm, @adamscochran, @tolstoybb, @bznotes, @danprimack, @darian314, @ftalphaville, @smtuffy, @mikeippolito_, @arjunsethi, @scottmelker, @xavierhelgesen, @msuster, @austen, @officialbbrooks, @stevematthews12, @willmanidis, @nmasc_, @kateclarktweets, @mikeisaac, @fredbenenson, @jeffinatorator, @dnak, @martinsfp, @teroterotero, @semil, @loganbartlett, @benparr, @coloradotravis, @carnage4life, @davemcclure, @tabby_kinder, @danprimack, @_aj, @evancharles, @blader, @utekkare, @alexrkonrad, @jspujji, @zebulgar, @nikitabier, @sarthakgh, @mikeisaac, @pitdesi, @arrington, @jessicalessin, @muradahmed, @scaramucci, @sullycnbc, @dylanleclair_, @willmanidis, @alexlmiller, @kevinakwok, @mathewlodge, @cullenroche, @edenchen, @sweatystartup, @mikesalguero, @cowbayc1, @fraser_slater1, @tbakerbroadmoor, @jamiequint, @alexandrascaggs, @parikpatelcfa, @martinvars, @paddycosgrave, @lookner, @wallstmemes, @zelkovavc, @arpitrage, @noahpinion, @shaanvp, @gaberivera, @gaberivera, and @trevmckendrick
| 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, Silicon Valley Business …, Crunchbase News, and Semafor
Tweets:
@msuster, @amir, @nickthestoic, @piratewires, @piratewires, @therealdansaedi, @nmasc_, @nmasc_, @daveweisberger1, @edludlow, @cryptomichnl, @dylanleclair_, @dogetoshi, @bamabonds, @moo9000, @lizrhoffman, @benfranksaltego, @benparr, @rabble, @benparr, @reddogt3, @cullend, @msuster, @msuster, @nmasc_, @loganbartlett, @bdsams, @reedalbergotti, @danprimack, @carnage4life, @kateclarktweets, @nmasc_, @robaeprice, @brianroemmele, and @antoniogm
| 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:
Wired, BBC, Social Media Today, MacRumors, and Politico
LinkedIn:
Chris Zoladz. Tweets:
@profwoodward, @mikeisaac, @arusbridger, @markscott82, @jimkillock, @shionamc, @edwinhayward, and @matthew_d_green
| 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, Eurogamer.net, Video Games Chronicle, HotHardware, Windows Central, Thurrott, PC Gamer, TrueAchievements, Wccftech, Twinfinite, and iPhone in Canada Blog
LinkedIn:
Jay Peters. Tweets:
@lulumeservey, @tomwarren, @charlieintel, @tomwarren, @lulumeservey, @rand_al_thor_19, @idlesloth84_, @jeffgrubb, @gazondaily, @charlieintel, @paultassi, and @legacykillahd
| 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, PhoneArena, iThinkDifferent, Philip Elmer‑DeWitt, Thurrott, MacStories, Michael Tsai, The Verge, CNET, AppAdvice, TechRadar, Cult of Mac, Forbes, iClarified, Mashable, Music Ally, Redmond Pie, iPhone in Canada Blog, Macworld, and Wccftech
LinkedIn:
Aubrey Bergauer. Tweets:
@appleclassical, @chancehmiller, @rsgnl, @westofhouse, @bzamayo, @dgclassics, @ingridlunden, @stevemoser, @chicagosymphony, @vnchocotaco, @manan, @9to5mac, and @andrewcrow
| 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:
@brandyzadrozny, @tonyajoriley, @froomkin, @ukigoni, @emzanotti, and @arkloster
| 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, The Block, Bloomberg, Reuters, Decrypt, Cointelegraph, Bitcoin News, Bitcoinist.com, and CoinGape
Tweets:
@tier10k, @ap_abacus, @tier10k, @collins_belton, @newyorkstateag, @satsdart, @basedkarbon, @leomschwartz, @wizardofsoho, @karl_0x, @0xsisyphus, @lex_node, @joeconsorti, @givnerariel, @hoffmang, @iamdcinvestor, @erikvoorhees, @twobitidiot, @scott_lew_is, @adanthar, @mdudas, @brianroemmele, @adamscochran, @johnedeaton1, @neerajka, @dylanleclair_, @travis_kling, @crediblecrypto, and @dogetoshi
| 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, Ars Technica, Game Developer, PC Gamer, TechRadar, TweakTown, Livemint, Digital Trends, Mashable, PCMag, Game Rant, IGN, Dexerto, OnMSFT.com, Reuters, GameSpot, and VentureBeat
Tweets:
@discord, @_rynogg, @moonlessshift, @tomwarren, @toastcrust, @tomwarren, and @petergyang
| 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, ZDNet, Computerworld, Mashable, Engadget, TechRadar, Grammarly, Fast Company, Silicon Republic, Tom's Guide, Thurrott, and MarTech
| 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.| 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, BGR, Neowin, and BigTechWire
LinkedIn:
Rob Fannon and Luis Vargas
Tweets:
@jackrowbo, @maryjofoley, and @tomwarren
| 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.| 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, Cointelegraph, CryptoPotato, Cryptopolitan, CoinGape, Cryptonews, ArcticStartup, and Crypto Daily. Tweets:
@tier10k
| 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 … | 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
| Reuters: |
Oracle reports Q3 revenue up 18% YoY to $12.39B, vs. $12.42B est., and cloud services and license support revenue up 17% YoY to $8.9B — 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:
Bloomberg, Barron's Online, Oracle, and CNBC
| 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
Tweets:
@vboykis
| 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, VentureBeat, Game Developer, Ars Technica, IGN, Engadget, and Polygon
| 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, and Bloomberg
| 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, and @tomflowers
| 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:
Engadget, NBC News, The Hill, Gizmodo, The Register, PCMag, The Record, Associated Press, Dark Reading, Reuters, Metacurity, HackRead, Washington Post, SC Media, HealthITSecurity, and TechRadar
Tweets:
@henryrodgersdc, @maxpcohen, and @demopj
| Financial Times: |
Sources: Chinese AI surveillance companies iFlytek and SenseTime are evading US sanctions to access high-end chips via cloud providers and other intermediaries — AI surveillance groups targeted with US sanctions have found other ways to access restricted technologySponsor Posts
Google:
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Generate videos with Veo 3 in Google Gemini — Create high-quality, 8-second videos with Veo 3, our state-of-the-art AI video generator. Try it with a Google AI Pro plan or get the highest access with the Ultra plan.
Codegen:
Ship with AI: The Future of Coding is Here — Use natural language in Slack to trigger real PRs, docs, dashboards, infra & more. Codegen connects GitHub, Linear, Notion, and beyond.
Ship with AI: The Future of Coding is Here — Use natural language in Slack to trigger real PRs, docs, dashboards, infra & more. Codegen connects GitHub, Linear, Notion, and beyond.
Zoho:
Taking Zoho Sign's AI-driven agreement management for a spin: A corporate counsel's experience — Before artificial intelligence, managing legal documents demanded time, patience, and a lot of coffee.
Taking Zoho Sign's AI-driven agreement management for a spin: A corporate counsel's experience — Before artificial intelligence, managing legal documents demanded time, patience, and a lot of coffee.
IDrive:
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Protecting your Cloud Applications Data — Backing up Office 365, Google Workspace, Dropbox & Box data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.Featured Podcasts
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LinkedIn:
Dina Ellis Rochkind. Tweets:
@senwarren, @cz_binance, @caitlinlong_, @coinbase, @twobitidiot, @brian_armstrong, @dylanleclair_, @adamscochran, @ap_abacus, @marathondh, @paxosglobal, @ramahluwalia, @leomschwartz, @hfangca, @scottmelker, @coindesk, @bondhack, @nic__carter, @ap_abacus, @coindesk, @smdiehl, @business, @ceterispar1bus, @himgajria, @akston_capital, @dataarocks, @carnage4life, @sindap, @tier10k, and @scottmelker