| Wall Street Journal: |
As SVB collapsed, prominent investors, internet provocateurs, and others helped fuel concerns over the US banking system, creating a “Twitter-fueled bank run” — Rapid spread of concerns prompts lawmaker to call it ‘Twitter-fueled bank run’ — The Collapse of Silicon Valley Bank: What You Need to Know| Emily Flitter / New York Times: |
A profile of Tim Mayopoulos, named by the FDIC as the CEO of Silicon Valley Bridge Bank, who was BofA's general counsel during the 2008 financial crisis — The F.D.I.C. named Tim Mayopoulos as chief executive of Silicon Valley Bridge Bank. His job is to keep calm and carry on.| Washington Post: |
| Maureen Farrell / New York Times: |
| Bloomberg: |
T-Mobile plans to acquire Ryan Reynolds-backed budget wireless provider Mint Mobile for as much as $1.35B, seeking to expand its pay-as-you-go marketshare — T-Mobile US Inc. is buying Mint Mobile, the budget wireless provider part owned by actor Ryan Reynolds, for as much as $1.35 billion … | Max Abelson / Bloomberg: |
How Signature Bank's big pivot to crypto led to the downfall of the once successful old-school lender that survived doing business with NYC cab owners and Trump — Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.| Bloomberg: |
Sources: US prosecutors were investigating Signature's work with crypto clients before regulators seized the bank, including over detecting money laundering — US prosecutors were investigating Signature Bank's work with crypto clients before regulators suddenly seized the lender this past weekend … | Kyle Wiggers / TechCrunch: |
An interview with OpenAI co-founder Greg Brockman on GPT-4 being “different” to GPT-3, training on images and text, a “slow and intentional” rollout, and more — OpenAI shipped GPT-4 today, the much-anticipated text-generating AI model, and it's a curious piece of work.| OpenAI: |
OpenAI debuts GPT-4, claiming the model “surpasses ChatGPT in its advanced reasoning capabilities”, available in ChatGPT Plus and as an API that has a waitlist — Following the research path from GPT, GPT-2, and GPT-3, our deep learning approach leverages more data and more computation … | New York Times: |
How Apple's Siri, Amazon's Alexa, and Google's Assistant fell behind in the AI race despite a decade headstart, hampered by clunky design and miscalculations — The virtual assistants had more than a decade to become indispensable. But they were hampered by clunky design and miscalculations, leaving room for chatbots to rise.| Ingrid Lunden / TechCrunch: |
LinkedIn announces AI-powered writing suggestions, initially for writing profiles, using OpenAI's GTP-4, and for recruiters writing job ads, using GPT-3.5 — Earlier this month, when LinkedIn started seeding “AI-powered conversation starters” in people's news feeds to boost engagement on its platform … | Yusuf Mehdi / Bing Blogs: |
| Sergiu Gatlan / BleepingComputer: |
Microsoft says it patched an Outlook zero-day, exploitable without user interaction, used by Russian hackers to target European organizations in 2022 — Microsoft has patched an Outlook zero-day vulnerability (CVE-2023-23397) exploited by a hacking group linked to Russia's military intelligence service GRU … | Jon Porter / The Verge: |
Samsung responds to the controversy over moon photography on Galaxy devices, explaining its “Scene Optimizer” feature, “AI deep learning model”, and more — The post's content isn't exactly new — it appears to be a lightly edited translation of an article posted … | Bloomberg: |
Sources: TikTok's leadership is considering divesting itself from ByteDance as a last resort if CFIUS rejects the existing proposal, possibly leading to an IPO — TikTok's leadership is discussing the possibility of separating from ByteDance Ltd., its Chinese parent company, to help address concerns about national security risks.| Gareth Vipers / Wall Street Journal: |
The FBI: US citizens lost $10.3B to online scammers in 2022, up from $6.9B in 2021, and crypto investment fraud losses hit $2.57B in 2022, up from $907M in 2021 — Cryptocurrency investment fraud nearly tripled in 2022 from the year before — Americans lost more than $10 billion … | Jonathan Stempel / Reuters: |
The US charges exiled Chinese businessman Guo Wengui with a conspiracy to defraud his online followers out of over $1B and arrests him; the DOJ seizes $634M — The U.S. government on Wednesday charged exiled Chinese businessman Guo Wengui with fraud, accusing him of orchestrating a conspiracy … | Umar Shakir / The Verge: |
Zipline unveils Platform 2 Zip, a drone that can do a 10-mile delivery in 10 minutes to small landing zones via a tethered “delivery droid” from up to 300 feet — Zipline is revealing its new drone delivery platform today that the company says is capable of making a 10-mile delivery … | Reuters: |
Samsung Electronics plans to invest ~$230B through 2042 to build what South Korea calls the world's largest chipmaking base, including five chip factories — South Korean tech giant Samsung Electronics (005930.KS) expects to invest $230 billion over the next 20 years to develop … | The Verge: |
Sources: Spotify was ready to launch HiFi as a premium tier by the end of 2021 but Apple and Amazon offering lossless audio at no extra charge spoiled its plans — Even though Spotify HiFi still hasn't launched after being announced more than two years ago, some kind of lossless experience … | Joanna Stern / Wall Street Journal: |
Inside the iPhone refurbishment process at New Jersey-based US Mobile Phones, from trade-in to refurbish to resale; Apple devices dominate consumer trade-ins — When you trade in a smartphone, here's how it gets refurbished and makes companies money| Paul Murray / New York Magazine: |
A journey into the metaverse to find friends and true believers on Meta's Horizon Worlds, raising questions over what promise Mark Zuckerberg saw in VR — In September, my family and I move from our home in Dublin to a fancy East Coast college town, where I'll be teaching for the semester.| Financial Times: |
PwC partners with AI startup Harvey to launch a chatbot experiment for its 4,000 lawyers, built using OpenAI's GPT-4, as law firms rush to find ways to adopt AI — Technology from start-up Harvey aims to make contract analysis and due diligence quicker — PwC has announced a chatbot experiment …
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| Debby Wu / Bloomberg: |
| Ben Schoon / 9to5Google: |