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March 15, 2023, 4:00 PM
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memeorandum
WeSmirchTop News
| Wall Street Journal: |
As SVB collapsed, prominent investors, internet provocateurs, and others helped amplify US banking system concerns, creating the first “Twitter-fueled bank run” — Rapid spread of concerns prompts lawmaker to call it ‘Twitter-fueled bank run’ — The Collapse of Silicon Valley Bank: What You Need to Know
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Wall Street Journal, CNBC, VICE, and The Atlantic
Tweets:
@davidsacks, @emollick, @tracyalloway, @thestalwart, @davidsacks, @buccocapital, @emptywheel, @dsquareddigest, @bongcapital, @dsquareddigest, @htaneja, @georgemagnus1, @profkatejudge, @professorstam, @silvermanjacob, @mdudas, @conorsen, @adamsinger, @carnage4life, @martingtobias, @katie_roof, @karaswisher, @compound248, @billackman, @smtuffy, @georgia_wells, @nickdeiuliis, and @thestalwart
| Emily Flitter / New York Times: |
A profile of Tim Mayopoulos, who the FDIC named as Silicon Valley Bridge Bank's CEO and was Bank of America's general counsel during the 2008 financial crisis — The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.
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Silicon Valley Bank, GeekWire, NBC News, AltFi, Fast Company, and Silicon Valley Business …
| Washington Post: |
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Bloomberg, GeekWire, The Hill, Noahpinion, Crypto Briefing, New York Times, Forbes, Bloomberg, Cointelegraph, The Guardian, and New York Times
LinkedIn:
Zach Butterworth, Mihaela Mandroiu, Dror Futter, Hans Stegeman, and Edward Ludlow
Tweets:
@gopmajoritywhip, @armanddoma, @novogratz, @patio11, @timothys, @smtuffy, @moorehn, @johnjharwood, @karaswisher, @stevedaniels27, @sarthakgh, @imillhiser, @jstein_wapo, and @emoltzen
| Maureen Farrell / New York Times: |
More:
TechCrunch, Wired, and Forbes
Tweets:
@flitteronfraud, @dannygroner, @dk_munro, @trippmickle, and @nytimes
| New York Times: |
How Apple's Siri, Amazon's Alexa, and Google's Assistant fell behind in the AI race despite a decade head start, hampered by clunky design and miscalculations — The virtual assistants had more than a decade to become indispensable. But they were hampered by clunky design and miscalculations, leaving room for chatbots to rise.
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MacRumors, Insider, T3, iThinkDifferent, Redmond Pie, MacStories, Near Media, 9to5Mac, iPhone in Canada Blog, Michael Tsai, iDownloadBlog.com, PCMag, BGR, and iPhone Hacks
LinkedIn:
Eric Cohen. Tweets:
@jakebackpack, @pblackshaw, @pt, @agreenberg, @shiraovide, and @cademetz
| Kyle Wiggers / TechCrunch: |
An interview with OpenAI co-founder Greg Brockman on GPT-4 being “different” to GPT-3, training on images and text, a “slow and intentional” rollout, and more — OpenAI shipped GPT-4 today, the much-anticipated text-generating AI model, and it's a curious piece of work.
More:
Wired, Associated Press, OpenAI on YouTube, Bloomberg, Metaverse Post, MakeUseOf, TechSpot, and TechNewsWorld
| Ingrid Lunden / TechCrunch: |
LinkedIn adds AI-powered writing suggestions, initially for writing profiles, using OpenAI's GPT-4, and for recruiters writing job descriptions, using GPT-3.5 — Earlier this month, when LinkedIn started seeding “AI-powered conversation starters” in people's news feeds to boost engagement on its platform … | Yusuf Mehdi / Bing Blogs: |
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Windows Central, Insider, MIT Technology Review, TechCrunch, PYMNTS.com, New York Times, Thurrott, The Verge, The Algorithmic Bridge, Axios, Engadget, Pricebaba.com Daily, Search Engine Roundtable, Gizchina, BigTechWire, International Business Times, Pocket-lint, ZDNet, BGR, Tech in Asia, WinBuzzer, MSPoweruser, Android Headlines, PCMag, TechCircle, RTÉ, MediaNama, Metaverse Post, KnowTechie, and DigitalKoans
LinkedIn:
Kevin Scott and James Creech
Tweets:
@jordirib1, @yusuf_i_mehdi, @joannastern, and @benedictevans
| Max Abelson / Bloomberg: |
How Signature Bank's big pivot to crypto led to the downfall of the once successful old-school lender that survived doing business with NYC cab owners and Trump — Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
More:
Bitcoin News, CoinDesk, Reuters, Crypto Daily, The Block, Cryptonews, Cryptopolitan, and Inside Bitcoins
Tweets:
@felixsalmon, @felixsalmon, @maxabelson, @halsparks, @thorntonmcenery, @silviakillings, @tomgara, and @tina_davis
| Bloomberg: |
Sources: the US DOJ was investigating Signature Bank's crypto client work, including its money laundering detection efforts, before regulators seized the bank — US prosecutors were investigating Signature Bank's work with crypto clients before regulators suddenly seized the lender this past weekend …
More:
Wall Street Journal, The Hill, New York Post, Reuters, CryptoPotato, Cryptopolitan, PYMNTS.com, crypto.news, and Watcher Guru
Tweets:
@amacker, @cryptadamist, @johnreedstark, @stephenpunwasi, and @mikulaja
| Sergiu Gatlan / BleepingComputer: |
Microsoft patches an Outlook zero-day, exploitable without user interaction, that the company says Russian hackers used to target European organizations in 2022 — Microsoft has patched an Outlook zero-day vulnerability (CVE-2023-23397) exploited by a hacking group linked …
More:
Microsoft Security Response Center, MDSec, Dark Reading, Krebs on Security, BleepingComputer, CyberScoop, Forbes, CNN, IT PRO, SC Media, AskWoody, Naked Security, The Register, and TechRadar
Tweets:
@cyb3rops, @seanwrightsec, and @seanwrightsec
| Jon Porter / The Verge: |
Samsung responds to the controversy over moon photos taken by Galaxy phones, explaining its Scene Optimizer feature, its “AI deep learning model”, and more — The post's content isn't exactly new — it appears to be a lightly edited translation of an article posted in Korean last year … | Gareth Vipers / Wall Street Journal: |
The FBI: US citizens lost $10.3B to online scammers in 2022, up from $6.9B in 2021, and crypto investment fraud losses hit $2.57B in 2022, up from $907M in 2021 — Cryptocurrency investment fraud nearly tripled in 2022 from the year before — Americans lost more than $10 billion …
More:
Engadget, BleepingComputer, Cybersecurity Dive, GovTech, TechSpot, GameSpot, and Tech Startups. Tweets:
@chrismessina
| Jonathan Stempel / Reuters: |
The US charges exiled Chinese businessman Guo Wengui with leading a conspiracy to defraud his online followers out of $1B+ and arrests him; the DOJ seizes $634M — The U.S. government on Wednesday charged exiled Chinese businessman Guo Wengui with fraud, accusing him of orchestrating … | Jamie Crawley / CoinDesk: |
Germany and US authorities seize up to €44M from ChipMixer and shut down its crypto mixer, alleging the service enabled the laundering of 152K BTC since 2017 — National authorities took down the platform's infrastructure, seizing four servers and 7 terabytes of data.| Umar Shakir / The Verge: |
Zipline unveils Platform 2 Zip, a drone that can do a 10-mile delivery in 10 minutes to small landing zones via a tethered “delivery droid” from up to 300 feet — Zipline is revealing its new drone delivery platform today that the company says is capable of making a 10-mile delivery …
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TechCrunch, Engadget, PCMag, CNBC, CNET, Zipline, Bloomberg, Tech Xplore, Financial Times, BBC, Forbes, and Supply Chain Dive
| Paul Murray / New York Magazine: |
A journey into Meta's Horizon Worlds to find friends and metaverse true believers, raising questions about Zuckerberg's vision of the internet's next iteration — In September, my family and I move from our home in Dublin to a fancy East Coast college town, where I'll be teaching for the semester.
More:
Financial Times, Barron's Online, CNN, and crypto.news
| Kyle Bradshaw / 9to5Google: |
Google discontinues its Glass Enterprise Edition 2 and plans to support the headset until September 15, 2023; existing devices and apps will continue to work — Google has announced today that it will no longer be selling its Glass Enterprise Edition 2 headsets, with support set to be discontinued later this year.| Bloomberg: |
T-Mobile plans to acquire Ryan Reynolds-backed budget wireless provider Mint Mobile for as much as $1.35B, seeking to expand its pay-as-you-go market share — T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion …
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T-Mobile, T-Mobile on YouTube, Wall Street Journal, 9to5Google, The Register, Android Police, CNN, XDA Developers, Ars Technica, CNET, USA Today, Associated Press, Los Angeles Times, GeekWire, Telecompetitor, PhoneArena, Yahoo Entertainment, Variety, TalkAndroid.com, Android Authority, PCMag, Quartz, SlashGear, Android Central, Wccftech, Fortune, Light Reading, MobileSyrup, Reuters, Axios, Neowin, 9to5Mac, The Wrap, Tech Startups, iClarified, Engadget, TechCrunch, iPhone in Canada Blog, and The Hollywood Reporter
LinkedIn:
Charles Ruppert and Avi Greengart
Tweets:
@vancityreynolds, @vancityreynolds, @mintmobile, @turnernovak, @patrickmoorhead, @xpangler, @carnage4life, @firstadopter, @tsnjr, and @anthony
| Reuters: |
Samsung Electronics plans to invest ~$230B through 2042 to build what South Korea calls the world's largest chipmaking base, including five chip factories — South Korean tech giant Samsung Electronics (005930.KS) expects to invest $230 billion over the next 20 years to develop …
More:
Nikkei Asia, BBC, TechCrunch, AnandTech, CNBC, Associated Press, TechPowerUp, Android Headlines, RCR Wireless News, Tech Monitor, SamMobile, gHacks Technology News, and WRAL TechWire
Tweets:
@robertalanward, @jeff4malaysia, and @dnystedt
| Joanna Stern / Wall Street Journal: |
Inside the iPhone refurbishment process at New Jersey-based US Mobile Phones, from trade-in to refurbish to resale; Apple devices dominate consumer trade-ins — When you trade in a smartphone, here's how it gets refurbished and makes companies money| Bloomberg: |
Sources: Abu Dhabi-based G42 bought a $100M+ ByteDance stake at a ~$220B valuation, down from $300B set in a recent share buyback, as the US weighs a TikTok ban — ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42 …
More:
PingWest, CNBC, International Business Times, and Tech Startups
| Bloomberg: |
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The Hill, Tech Xplore, Gizmodo, PetaPixel, and gHacks Technology News
Tweets:
@bobbyallyn, @jesselehrich, @adamkovac, and @scott_mcmaster
Sponsor Posts
Google:
Gemini 2.5 Pro: Our most intelligent AI model — Gemini 2.5 Pro is now available, with thinking capabilities, enhanced performance, and improved accuracy. Try it at no cost in the Gemini app.
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UiPath:
UiPath Unveils 10 Innovations that Will Shape the Agentic Future — Orchestration engine, API workflows and agentic testing among key features of new UiPath Platform™ for agentic automation, launched at UiPath DevCon 2025
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Zoho:
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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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Jeffrey Katzenberg & Sujay Jaswa (WndrCo) on What Startup Founders Can Steal From Hollywood
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Hard Fork:
Google DeepMind C.E.O. Demis Hassabis on Living in an A.I. Future
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Uber CEO Dara Khosrowshahi is okay with reinventing the bus
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