Techmeme
March 13, 2023, 12:25 AM

Top News

U.S. Department of the Treasury:
The US Treasury, Federal Reserve, and the FDIC: 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 …
Bloomberg:
SVB draws support from 500+ VCs, including General Catalyst and Sequoia, while 5,000+ founders and CEOs sign a Y Combinator petition asking US Congress to act  —  More than 100 venture capital and investing firms have signed a statement supporting Silicon Valley Bank, part of mounting industry calls …
Financial Times:
Bloomberg:
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 …
Frank Chaparro / The Block:
New York Times:
Bloomberg:
Financial Times:
Sources: Tim Cook has pressed ahead with an MR headset debut in 2023, overruling Apple designers who wanted to wait until the tech catches up with their vision  —  New launch will be first steered entirely by CEO and under direction of operations team  —  When Tim Cook unveils Apple's new …
Simon Willison / Simon Willison's Weblog:
A developer runs Meta's 13B LLaMA model, considered to be competitive with GPT-3, on his laptop, showing local language models are feasible on consumer hardware  —  The open release of the Stable Diffusion image generation model back in August 2022 was a key moment.
Rob Wile / NBC News:
Etsy warns sellers that SVB's collapse is causing payment processing delays and hopes to pay them via its other partners “within the next several business days”  —  Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments …
Sarah Perez / TechCrunch:
John Sakellariadis / Politico:
Worried that cloud giants offer concentrated hacking targets, the US plans to regulate the security practices of Amazon, Microsoft, Google, Oracle, and others  —  Governments and businesses have spent two decades rushing to the cloud — trusting some of their most sensitive data to tech giants …

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More News

Marie Woolf / Globe and Mail:

Earlier Picks

James Vincent / The Verge: