Techmeme
March 27, 2023, 2:17 PM

Top News

Daniel Taub / Bloomberg:
First Citizens agrees to buy the commercial banking business of Silicon Valley Bank from the FDIC including all deposits and loans  —  First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
CFTC:
Frederic Lardinois / TechCrunch:
Microsoft says Teams has 280M MAUs, up from 270M in Jan. 2022, and says it has rebuilt Teams to be twice as fast, rolling out to Windows' Public Preview program  —  Teams, Microsoft's Slack rival, has always had a bit of a reputation for being slow and resource-hungry.
Alex Hern / The Guardian:
Nvidia CTO Michael Kagan says crypto does not “bring anything useful for society” and other processing power uses like AI are more worthwhile than crypto mining  —  Tech chief says the development of chatbots is a more worthwhile use of processing power than crypto mining
Dustin Volz / Wall Street Journal:
New York Times:
Filing: some Twitter source code was leaked by user “FreeSpeechEnthusiast” on GitHub, which removed the code to comply with Twitter's DMCA notice on March 24  —  The leak adds to the challenges facing the Elon Musk-owned company, which is trying to unmask the person responsible and any other people who downloaded the code.
Emma Roth / The Verge:
Zoom partners with OpenAI to expand its Zoom IQ assistant, adding the ability to generate whiteboards using text prompts, provide recaps of meetings, and more  —  Zoom has become the latest productivity app to expand its use of artificial intelligence.  In a blog post published on Monday …
Richard Milne / Financial Times:
Ammo maker Nammo says its growth is hit by a TikTok data center using all spare electricity, as energy demand from data centers and others grows in the Nordics  —  Norwegian group Nammo blames ‘storage of cat videos’ for threatening its growth as data centre corners spare electricity
Larry DiTore / The Block:
Reuters:
Sources: Jack Ma has returned to China after over a year; sources: since late 2022, China Premier Li Qiang had urged Ma to return to allay private sector fears  —  Alibaba (9988.HK) founder Jack Ma has returned to China, ending a stay overseas of more than a year that industry viewed …

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More News

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Earlier Picks

Sarah E. Needleman / Wall Street Journal:
Bloomberg:
Pranshu Verma / Washington Post:
Samriddhi Sakunia / Rest of World:
ProPublica: