Techmeme
March 9, 2023, 7:30 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
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 …
Washington Post:
An investigation details how a group of conservative Colorado Catholics spent millions to buy mobile app tracking data to identify priests using gay dating apps  —  A group of philanthropists poured money into a Denver nonprofit that obtained dating and hookup app data and shared …
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.”
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.
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.
Jesselyn Cook / NBC News:
Investigation: some Pinterest users are creating sex-themed image boards of kids and the company's algorithm surfaces such content for adults who seek it out  —  Like other kids her age, 9-year-old Victoria signed up for Pinterest because she wasn't allowed on TikTok.
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.
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 …

Sponsor Posts

Comprehensive.io:
Free compensation benchmarking data from 3,000 startups  —  Search by job title and get FREE access to market pay data.  Paid version helps HR teams automate comp reviews and communicate total compensation to employees.
Compound:
Personalized wealth management, built for tech people  —  Managing your finances and taxes is complicated.  Compound is how people at companies like Stripe, OpenAI, and Discord make smart decisions about their money.
Clay:
The first AI navigator for your entire network  —  Nexus is the first AI navigator with context of all your relationships (LinkedIn, email, and more).  The perfect reconnection email, gift idea, and more is a question away.
Zoho:
End-to-end compliance with Zoho Books: Elegantly navigating the financial labyrinth of Corporate Tax in UAE  —  Navigating the tax landscape in the United Arab Emirates can be a complex affair, demanding precision and adherence to local regulations.
Techmeme Ride Home:
(IHP) The History Of Google Parts 1 And 2
The day's tech news, every day at 5pm ET. Fifteen minutes and you're up to date.
Subscribe via Apple Podcasts, Spotify, or RSS.
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 7:30 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

Sergiu Gatlan / BleepingComputer:
Christiana Loureiro / The Block: