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March 15, 2023, 3:35 PM
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memeorandum
WeSmirchTop News
| Wall Street Journal: |
As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system, creating a “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, The Atlantic, CNBC, and VICE
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, named by the FDIC as the CEO of Silicon Valley Bridge Bank, who was BofA'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, Silicon Valley Business …, and TechCrunch
| Washington Post: |
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GeekWire, The Hill, Noahpinion, Crypto Briefing, New York Times, Bloomberg, Forbes, Cointelegraph, The Guardian, and New York Times
LinkedIn:
Mihaela Mandroiu, Dror Futter, Hans Stegeman, and Edward Ludlow
| Maureen Farrell / New York Times: |
More:
TechCrunch, Forbes, and Wired
Tweets:
@trippmickle, @flitteronfraud, @dannygroner, @dk_munro, 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, AppleInsider, Insider, T3, Redmond Pie, 9to5Mac, MacStories, Near Media, iPhone in Canada Blog, Michael Tsai, iDownloadBlog.com, The Verge, 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, OpenAI on YouTube, Bloomberg, Metaverse Post, Associated Press, Gizmodo, 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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Insider, Windows Central, MIT Technology Review, TechCrunch, New York Times, Thurrott, The Verge, The Algorithmic Bridge, Axios, Engadget, Pricebaba.com Daily, Gizchina, Search Engine Roundtable, OSnews, WinBuzzer, BigTechWire, International Business Times, Pocket-lint, ZDNet, BGR, Tech in Asia, MSPoweruser, Android Headlines, PCMag, TechCircle, RTÉ, MediaNama, Metaverse Post, KnowTechie, and DigitalKoans
LinkedIn:
Kevin Scott, James Creech, and Jordi Ribas
Tweets:
@jordirib1, @yusuf_i_mehdi, @joannastern, @benedictevans, and @firstadopter
| 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:
CoinDesk, Bitcoin News, Reuters, Crypto Daily, The Block, Cryptonews, Cryptopolitan, and Inside Bitcoins
| 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, Reuters, New York Post, CryptoPotato, Cryptopolitan, PYMNTS.com, crypto.news, Watcher Guru, and University of Nothing
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, BleepingComputer, Dark Reading, Krebs on Security, CyberScoop, Forbes, CNN, AskWoody, SC Media, IT PRO, Naked Security, The Register, TechRadar, and Neowin
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, Tech Startups, and GameSpot. 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 … | 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
| 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
| 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 marketshare — 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 …
More:
T-Mobile, T-Mobile on YouTube, Wall Street Journal, The Register, Android Police, XDA Developers, Ars Technica, CNN, Associated Press, USA Today, CNET, GeekWire, Los Angeles Times, Android Authority, PCMag, PhoneArena, TalkAndroid.com, Yahoo Entertainment, Variety, Quartz, Android Central, Fortune, SlashGear, Wccftech, Light Reading, MobileSyrup, Tech Startups, Reuters, Axios, Neowin, Engadget, Barron's Online, 9to5Mac, The Wrap, iClarified, TechCrunch, iPhone in Canada Blog, The Hollywood Reporter, and AppleInsider
LinkedIn:
Avi Greengart. Tweets:
@vancityreynolds, @vancityreynolds, @mintmobile, @turnernovak, @patrickmoorhead, @xpangler, @carnage4life, @firstadopter, @tsnjr, and @anthony
| 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 …
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PingWest, CNBC, International Business Times, and Tech Startups
| Bloomberg: |
More:
Tech Xplore, Gizmodo, PetaPixel, and gHacks Technology News
Tweets:
@bobbyallyn, @jesselehrich, @adamkovac, @scott_mcmaster, @firstadopter, and @phil_lewis_
| 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, WRAL TechWire, The Register, and Bloomberg
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| Financial Times: |
PwC partners with AI startup Harvey to launch a chatbot experiment for its 4,000 lawyers, built using OpenAI's GPT-4, as law firms rush to find ways to adopt AI — Technology from start-up Harvey aims to make contract analysis and due diligence quicker — PwC has announced a chatbot experiment …
More:
Reuters, SiliconANGLE, Bloomberg, and PwC
| Kyle Bradshaw / 9to5Google: |
Google discontinues its Glass Enterprise Edition 2 headset and plans to support it until September 15, 2023; existing devices and software 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.Sponsor Posts
Subquadratic:
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
SubQ Snap 1.1: the first long-context decision model for real enterprise work — Tied for #1 on the AA Decision Index, Snap is a multimodal model with a 384k-token context window for fast reasoning and agentic decisions.
Zoho:
Planned India Data Center Maintenance on 14th and 15th November 2026 from 06.00 AM to 07:00 AM IST for Zoho Payments — Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled …
Planned India Data Center Maintenance on 14th and 15th November 2026 from 06.00 AM to 07:00 AM IST for Zoho Payments — Dear customers,Our bi-annual infrastructure maintenance for our India Data Center is scheduled …
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.
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.
WebBrain:
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.
WebBrain: an open-source AI agent for your browser — Read pages, fill forms and automate tasks in Chrome or Firefox. Use local models or your preferred AI provider. Get started free.Featured Podcasts
The Upstarts Podcast:
The $1.4B Startup Deciding What You See When You Shop Online | Sequen's Zoë Weil
Veteran tech reporter Alex Konrad sits down with breakout entrepreneurs taking on the status quo to shake up their fields in AI, design, nuclear energy, space, and more.
Subscribe to The Upstarts Podcast.
Great Chat:
Too soon to call it a vibe shift?
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Big Technology Podcast:
Storm Clouds Ahead For Apple?, Debating Amazon's Bee Frontier, AI as UI
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.
Machine Gods:
Jensen Huang's Nvidiotic Spy Scandal + Can Dems Pass AI Regulation?
The official podcast of the singularity, from Casey Newton and Kevin Roose. Twice-weekly news, analysis, and interviews with the people who are building the future.
Subscribe to Machine Gods.
Channels with Peter Kafka:
Encore: Chuck Klosterman on Why Football Owns TV (and Why It Won't Forever)
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:
Zach Reitano - Building Ro and Why Healthcare Should Be 50% of GDP
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
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