March 14, 2023, 1:30 PM

Top News

Mark Zuckerberg says Meta plans to cut another 10,000 jobs and withdraw around 5,000 open roles, just four months after cutting 11,000 jobs  —  Meta plans to cut its workforce by another 10,000 people and withdraw around 5,000 open roles that it had yet to fill, company co-founder …
Adam Morgan McCarthy / The Block:
Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay  —  - Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel.  —  Meta is ditching its pursuit of NFTs as the company looks …
James Vincent / The Verge:
Google announces AI-powered features for Docs, Gmail, Sheets, Slides, and other Workspace apps, helping users generate text, summarize topics, and create images  —  Google has announced a suite of upcoming generative AI features for its various Workspace apps, including Google Docs, Gmail, Sheets, and Slides.
James Vincent / The Verge:
Andrew Ackerman / Wall Street Journal:
Sources: the FDIC is planning another SVB auction, after failing to find a suitor on March 12; at least one offer had been made, which was rejected by the FDIC  —  Auction comes after failed attempt to find suitor on Sunday  —  The Collapse of Silicon Valley Bank: What You Need to Know
Natasha Mascarenhas / TechCrunch:
David Enrich / New York Times:
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives  —  Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
Iain Withers / Reuters:
OpenAI debuts GPT-4, claiming the model “surpasses ChatGPT in its advanced reasoning capabilities”, available in ChatGPT Plus and its API, which has a waitlist  —  Following the research path from GPT, GPT-2, and GPT-3, our deep learning approach leverages more data and more computation …
Sources: Microsoft laid off one of its responsible AI teams that was tasked with identifying the risks of integrating OpenAI's tech into its suite of products  —  As the company accelerates its push into AI products, the ethics and society team is gone  —  I.
Kim Mackrael / Wall Street Journal:
Microsoft signs a 10-year deal with cloud gaming startup Boosteroid to distribute Call of Duty games if the Activision bid is approved; Boosteroid has ~4M users  —  Agreement is part of push to convince regulators that the planned $75 billion acquisition won't harm the videogame industry
Sources and documents: India plans to force smartphone makers to allow removing pre-installed apps and mandate screening major OS updates via new security rules  —  India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system …
Emma Roth / The Verge:
Amazon reveals a range of consumer terminals that connect to Project Kuiper, starting at under $400, and now plans to launch the first satellites in H1 2024  —  Amazon has revealed a range of customer terminals that connect to its broadband satellite network, Project Kuiper.
Joe Rossignol / MacRumors:
Apple announces Shop With a Specialist Over Video, a live video session available from 7am to 7pm PT on its website for US customers looking to buy an iPhone  —  Apple today announced that customers in the U.S. can now connect with an Apple Specialist over a live video session while shopping for an iPhone on the company's online store.
Source: US prosecutors are scrutinizing Telegram group chats between Jump, Jane Street, and Alameda employees in May 2022 over the TerraUSD stablecoin collapse  —  US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group …
Alexander Osipovich / Wall Street Journal:
Will Oremus / Washington Post:
Experts say that, in the short term, the promise and perils of generative AI may be more modest than the headlines about tools like ChatGPT makes them seem  —  Hype and fear collide in the tech industry's latest boom  —  If you listen to its boosters, artificial intelligence is poised …
Cristina Criddle / Financial Times:
Sources: multiple women accuse TikTok of mishandling sexual harassment allegations against London-based former executive Steve Ware, a pattern at the company  —  Woman's employment contract terminated after internal probe into complaint about advances made by senior manager

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