Techmeme
March 13, 2023, 5:20 PM

Top News

U.S. Department of the Treasury:
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13  —  WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
More: Board of Governors …, FDIC, CNBC, The White House on YouTube, Bloomberg, Stratechery, CNN, VICE, Above Avalon, CoinDesk, Insider, The Atlantic, PYMNTS.com, HotHardware, Wired, The Hill, Fortune, CryptoSlate, National Review, Wall Street Journal, ZyCrypto, GeekWire, NBC News, Quartz, Cointelegraph, CNBC, Inside Bitcoins, DealStreetAsia, Axios, Bitcoinist.com, Crunchbase News, CoinDesk, NFT Evening, New York Post, MediaNama, New York Times, Technical.ly, Decrypt, Coinspeaker, Tech Startups, Rate of Return, Cryptopolitan, NewsBTC, Blockworks, #OONO, Cryptonews, CryptoPotato, and Protos
LinkedIn: Janet Mui and Dror Futter
Sinead O'Sullivan / Financial Times:
Having perfected the art of using echo-chamber hype to move markets, VCs managed to hype their own rumors to collapse SVB, slaying a much-loved accomplice  —  After more than a decade of venture capitalists insisting they provide more than just cash to their portfolio companies, the moment to prove that finally arrived.
Iain Withers / Reuters:
Michael Moritz / Financial Times:
A eulogy for Silicon Valley Bank, a business partner to tech for 40 years that worked with startups when bigger banks wouldn't and paid a price for its loyalty  —  Regardless of the reasons behind the bank's collapse, it leaves a huge hole for the start-up scene  —  The writer is a partner at Sequoia Capital
The Verge:
A Reddit user shows how Samsung's Space Zoom feature produces fake, generated images of the moon, highlighting how computational photography is changing photos  —  For years, Samsung “Space Zoom”-capable phones have been known for their ability to take incredibly detailed photos of the Moon.
CNBC:
New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature's depositors will be “made whole”  —  U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution …
Bloomberg:
MacKenzie Sigalos / CNBC:
Vishal Chawla / The Block:
Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+  —  - Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.
STAT:
Insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for the treatment of older patients  —  An algorithm, not a doctor, predicted a rapid recovery for Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and an allergy to pain medicine.
Dina Bass / Bloomberg:
After investing $1B in OpenAI in 2019, Microsoft found ways to string together tens of thousands of Nvidia A100 GPUs, costing several hundred million dollars  —  When Microsoft Corp. invested $1 billion in OpenAI in 2019, it agreed to build a massive, cutting-edge supercomputer for the artificial intelligence research startup.

Sponsor Posts

Google:
Reimagine your photos with a prompt  —  Our new native image generation and editing is state-of-the-art, and ranked #1 in the world.  Try it for free in the Gemini app.
F5:
Securing AI models and agents in the enterprise  —  The new AI stack creates a highly dynamic attack surface, and traditional controls aren't keeping up.  F5's recent acquisition will bring advanced AI guardrails to enterprise apps.
Zoho:
The next big growth move is building a marketplace  —  This is a guest post by Webkul.If you're running a business on Zoho Commerce, you already have a powerful platform.  It's perfect for managing your products …
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.

Featured Podcasts

Decoder with Nilay Patel:
How chatbots — and their makers — are enabling AI psychosis
A show from the Verge about big ideas - and other problems.
Subscribe to Decoder with Nilay Patel.
Lenny's Podcast:
Why experts writing AI evals is creating the fastest-growing companies in history | Brendan Foody (CEO of Mercor)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Channels with Peter Kafka:
I tried Zuckerberg's $800 Ray-Bans. Are they the future? With Alex Heath
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.
Big Technology Podcast:
Are 95% of Businesses Really Getting No Return on AI Investment? — With Aaron Levie
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.
[trading places]:
sim desai hiive🐝 • emily zheng pitchbook⚾️📓 • vlad voroninski helm.ai 🤖🚙 • bytedance 🫦🕺🏻
a very bad podcast about broken unicorns & busted carry hosted by dave mcclure and aman verjee
Subscribe to [trading places].
The Social Radars:
Founder Mode: Christina Cacioppo, Founder & CEO, Vanta
Come be a fly on the wall as Y Combinator's Jessica Livingston and Carolynn Levy talk to some of the most successful founders in Silicon Valley about how they did it.
Subscribe to The Social Radars.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 5:20 PM ET, March 13, 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

Ezra Klein / New York Times:

Earlier Picks