Techmeme
March 9, 2023, 7:00 PM

Top News

Financial Times:
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities; SIVB closes down 60.41%  —  Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities
More: Bloomberg, TechCrunch, Reuters, Wall Street Journal, Bloomberg, The Information, Financial Times, SVB Financial Group, Pirate Wires, TechCrunch, The Verge, Quartz, Axios, Financial Times, Reuters, Silicon Valley Business …, Livemint, and The Motley Fool
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” …
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
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 …
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 …
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.
CoinDesk:
New York's AG sues KuCoin, alleging the Seychelles-based crypto exchange offers tokens, such as 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.”
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.
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 …
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.
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 …
Bloomberg:
Researchers call for transparency on AI tools' carbon footprint; training GPT-3 took an estimated 1.287 GWh of electricity, or what ~120 US homes use in a year  —  Artificial intelligence has become the tech industry's shiny new toy, with expectations it'll revolutionize trillion-dollar industries from retail to medicine.
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 …

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Cape:
Most carriers track everything.  Cape doesn't.  —  Unlimited talk, text & data, 24-hr metadata deletion, network ID rotation, SIM-attack defense, and more.  Switch today and get 29% off for life.
Zoho:
Celebrating 10 years of Zoho Marketplace  —  30 Zoho products,2,900+ extensions and integrations,1 million+ users, and2 million installations.Zoho Marketplace celebrates a decade-long journey of adding timeless value …
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.

Featured Podcasts

Big Technology Podcast:
Best of Big Technology: How Ozempic Changes Our Bodies, Minds, and Economy — With Johann Hari
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Hard Fork:
Zuckerberg's Anti-Doom Fantasy + Finally an A.I. Detector That Works + A.I. Math
The future is already here. Each week, journalists Kevin Roose and Casey Newton explore and make sense of the latest in the rapidly changing world of tech.
Subscribe to Hard Fork.
Channels with Peter Kafka:
Joanna Stern on the New Siri, OpenAI's Weird Gadget, and Life After the Wall Street Journal
Media and tech aren't just intersecting - they're fully intertwined. To understand how those worlds work, Peter Kafka talks to industry leaders, upstarts and observers.
Subscribe to Channels with Peter Kafka.
Invest Like the Best:
Eric Vishria - A Decade of Lessons Investing in Software & Hardware
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
The Talk Show With John Gruber:
'Getting the Snack Right', With Chance Miller
The director's commentary track for Daring Fireball. Long digressions on Apple, technology, design, movies, and more.
Subscribe to The Talk Show With John Gruber.
Tools and Weapons with Brad Smith:
Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:00 PM ET, March 9, 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.

More News

Earlier Picks

Christiana Loureiro / The Block: