March 15, 2023, 12:25 PM

Top News

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:
Interviews with 20 people detail the Biden admin's response to SVB's and Signature's collapse, as tech executives and investors lobbied to protect all deposits  —  It seemed like a simple question: Did the treasury secretary have any concerns about the economic risks posed by Silicon Valley Bank?
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 …
More: OpenAI, OpenAI, OpenAI on YouTube, New York Times, The Algorithmic Bridge, VentureBeat, Washington Post, Metaverse Post, ZDNet, Change behavior. Lower …, PCMag, Livemint, Bitcoin News, Digital Trends, replit, Vox, Moneycontrol, International Business Times, Forbes, Investor's Business Daily, gHacks Technology News, The Social Analyst, Search Engine Journal, The Economic Times, Search Engine Roundtable, Bloomberg, TechCircle, Windows Central, NBC Bay Area, Pocket-lint, CryptoSlate, BGR, Pocketnow, BigTechWire, Tech in Asia, TweakTown, NextBigWhat News, MediaNama, Laptop Mag, Android Headlines, MSPoweruser, Tech Startups, OpenAI, MatthewBerman's Substack, and TechCrunch
Kyle Wiggers / TechCrunch:
New York Times:
Max Abelson / Bloomberg:
A look at the history of Signature Bank, a lender once tied to Jared Kushner and founded in 2001 that leaped into crypto, ultimately leading to its downfall  —  Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.
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 …
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 …
Aisha Malik / TechCrunch:
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.
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.
The Verge:
Sources: Spotify HiFi as a premium tier was ready to launch over a year ago, but Apple's decision to offer 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 …
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 …
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.
Ben Schoon / 9to5Google:
Alleged renders of Google's Pixel 8 Pro appear to show a flat ~6.52" display and a new sensor on the camera bar, after a Pixel Fold and 7a retail listing leak  —  Leak season is starting.  Following a retail leak of Pixel Fold and Pixel 7a just today, the first renders of Google Pixel 8 Pro have arrived …
Samsung Electronics plans to invest ~$230B through 2042 in South Korea to build one of the world's largest chipmaking bases, including five chip factories  —  South Korean tech giant Samsung Electronics (005930.KS) expects to invest $230 billion over the next 20 years to develop …
Rep. Ken Buck says the GOP does not seem to plan tougher antitrust rules on Google, Amazon, and Apple in 2023; Jim Jordan does not want to give Biden more power  —  - The new Republican leadership in the U.S. House doesn't appear to have the appetite to impose tougher antitrust rules on the tech giants.

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