Techmeme
March 2, 2023, 8:50 AM

Top News

David Z. Morris / CoinDesk:
After a report said Binance misplaced ~$1.8B in USDC, Binance offered confused and sometimes contradictory responses, continuing its petulant and defensive tone  —  The FUD is coming from inside the building, says David Z. Morris, CoinDesk's chief insights columnist.
CoinDesk:
Filing: crypto-friendly US bank Silvergate delays its annual report, citing investigations from regulators, Congress, and the DOJ; SI plunges 30%+  —  Shares fell over 10% in after-hours trading.  —  Christy Goldsmith Romero … Commissioner  —  U.S. Commodity Futures Trading Commission
Christiana Loureiro / The Block:
Coinbase switches banking partners for Prime accounts from Silvergate to Signature, after Silvergate reported being “less than well-capitalized”  —  - Coinbase is telling its Prime customers to use Signature bank.  —  Coinbase is telling its Prime customers to use Signature Bank instead …
John Gruber / Daring Fireball:
After Twitter cut off API access, Tapbots and The Iconfactory update Tweetbot and Twitterrific, asking subscribers to consider declining prorated refunds  —  Long story short: If you're a subscriber to either Tweetbot or Twitterrific, you can help them out with three simple steps:
Kyle Wiggers / TechCrunch:
Following criticism, OpenAI says the company won't use data submitted via its API for “service improvements” like AI model training, unless a customer opts in  —  As the ChatGPT and Whisper APIs launch this morning, OpenAI is changing the terms of its API developer policy …
Kyle Wiggers / TechCrunch:
OpenAI launches a ChatGPT API for businesses, with dedicated capacity plans, priced at $0.002/~750 words, and says Snap and Shopify are among the early adopters  —  To call ChatGPT, the free text-generating AI developed by San Francisco-based startup OpenAI, a hit is a massive understatement.
CyberScoop:
The Biden administration releases its cybersecurity strategy, seeking to impose minimum standards, shift responsibility to larger software makers, and more  —  The strategy represents a shift in how Washington approaches cybersecurity, veering toward a more strictly regulated approach.
Tom Warren / The Verge:
Microsoft updates its Bing chatbot to let users toggle between creative, balanced, and precise tones, hoping to counter Bing's wild outbursts  —  Microsoft has added a new feature to its Bing chatbot that lets you toggle between different tones for responses.
Elizabeth Weil / New York Magazine:
A profile of Emily M. Bender, a computational linguist at the University of Washington who co-wrote a paper in 2020 to illustrate what LLMs can and cannot do  —  Nobody likes an I-told-you-so.  But before Microsoft's Bing started cranking out creepy love letters; before Meta's Galactica spewed racist rants …
Benj Edwards / Ars Technica:
Microsoft researchers unveil Kosmos-1, a multimodal LLM they claim can understand image content, pass visual IQ tests, and accepts a variety of input formats  —  Microsoft believes a multimodal approach paves the way for human-level AI.  —  On Monday, researchers from Microsoft introduced Kosmos-1 …
Bloomberg:
Martin Smolár / WeLiveSecurity:
Researchers detail UEFI bootkit BlackLotus, capable of bypassing UEFI Secure Boot even on up-to-date Windows 11 systems and selling for $5K since October 2022  —  The first in-the-wild UEFI bootkit bypassing UEFI Secure Boot on fully updated UEFI systems is now a reality
John Koetsier / Forbes:
Apptopia: so far in 2023, TikTok has generated $205M more in IAP revenue than Facebook, Instagram, Snapchat, and Twitter combined  —  Big social networks are pulling a massive revenue U-turn since Apple's introduction of App Tracking Transparency.  The user privacy feature …
Ainsley Harris / Fast Company:
A profile of OpenAI CTO Mira Murati, who previously led Model X development at Tesla and has been at the helm of OpenAI's strategy to test its tools in public  —  OpenAI unlocked the generative-AI boom with tools like ChatGPT and Dall-E—and that's why it's our Most Innovative Company of the Year.
Chloe Xiang / VICE:
New York Times:
A look at India's homegrown digital payments system UPI, run by a nonprofit organization NPCI, which is now used by ~300M individuals and 50M merchants  —  India's homegrown instant payment system has remade commerce and pulled millions into the formal economy.  —  Reporting from New Delhi, Mumbai and Kerala in India
Zeynep Geylan / CryptoSlate:
Robinhood launches a standalone Robinhood Wallet app globally on iOS, with Polygon and Ethereum network support, and says an Android app is coming later in 2023  —  Crypto exchange platform Robinhood's wallet application launched on the iOS application store on Mar. 1, according to the announcement published on the Robinhood blog.

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More News

Reuters:

Earlier Picks

Bloomberg:
Katrina Manson / Bloomberg:
Patrick George / The Verge:
David Shepardson / Reuters:
Jess Weatherbed / The Verge:
Aisha Malik / TechCrunch:
James Vincent / The Verge:
Shaurya Malwa / CoinDesk: