Open Links In New Tab
Mobile Archives Advertise Site News Contact Editors
Techmeme
March 15, 2023, 4:00 PM
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter

Top News

Wall Street Journal:
As SVB collapsed, prominent investors, internet provocateurs, and others helped amplify US banking system concerns, creating the first “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, who the FDIC named as Silicon Valley Bridge Bank's CEO and was Bank of America'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
Maureen Farrell / New York Times:
SVB's collapse is a tale of ambition and management mistakes from focusing on innovation over the mundane work of managing risk and ensuring financial prudence
New York Times:
How Apple's Siri, Amazon's Alexa, and Google's Assistant fell behind in the AI race despite a decade head start, 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.
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.
Yusuf Mehdi / Bing Blogs:
Microsoft says the new Bing is “running on GPT-4, which we've customized for search” and was using an early version of the model over the past five weeks
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: the US DOJ was investigating Signature Bank's crypto client work, including its money laundering detection efforts, before regulators seized the bank  —  US prosecutors were investigating Signature Bank's work with crypto clients before regulators suddenly seized the lender this past weekend …
Sergiu Gatlan / BleepingComputer:
Microsoft patches an Outlook zero-day, exploitable without user interaction, that the company says Russian hackers used to target European organizations in 2022  —  Microsoft has patched an Outlook zero-day vulnerability (CVE-2023-23397) exploited by a hacking group linked …
Jonathan Stempel / Reuters:
The US charges exiled Chinese businessman Guo Wengui with leading a conspiracy to defraud his online followers out of $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 …
Jamie Crawley / CoinDesk:
Germany and US authorities seize up to €44M from ChipMixer and shut down its crypto mixer, alleging the service enabled the laundering of 152K BTC since 2017  —  National authorities took down the platform's infrastructure, seizing four servers and 7 terabytes of data.
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 …
Paul Murray / New York Magazine:
A journey into Meta's Horizon Worlds to find friends and metaverse true believers, raising questions about Zuckerberg's vision of the internet's next iteration  —  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.
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 market share  —  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 …
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 …
Bloomberg:
Sources: TikTok's leadership is considering a divestiture from ByteDance as a last resort if CFIUS rejects the existing proposal, resulting in a sale or an IPO

Sponsor Posts

Subquadratic:
Subquadratic: the LLM built for 12M-token reasoning  —  SubQ can reason across entire codebases and document sets in one pass with no RAG workarounds.  Read how SubQ 1.1 Small holds near-perfect retrieval out to 12M tokens.
Equals:
Stop vibe coding analytics  —  Equals AI turns questions about your business into auditable spreadsheet models and dashboards.  Build once, iterate for years.
Zoho:
Stop re-entering invoices between CRM and accounting systems  —  This is a guest blog from Xapplets (Zeeyes).There's a workflow most growing teams know well.  Sales closes a deal in the CRM.
IDrive:
Protecting your Cloud Applications Data  —  Backing up Office 365, Google Workspace, Dropbox & Salesforce data is critical to preventing data loss or corruption, complying with laws and avoiding critical downtime in case of a disaster.
Sponsor Techmeme

Featured Podcasts

Training Data:
 Factory's Matan Grinberg: The Coming 'Dark Factory' Where Software Builds Itself
Sequoia Capital partners host conversations with leading AI builders and researchers to develop a deeper understanding of the evolving technologies and their implications.
Subscribe to Training Data.
Invest Like the Best:
 Matthew Smith — Natural Gas: The Next Bottleneck
The leading destination to learn about business and investing. We do this by showcasing exceptional talent and ideas.
Subscribe to Invest Like the Best.
Lenny's Podcast:
 Why Netflix is betting on systems thinkers—not specialists—in the AI era | Elizabeth Stone (CPTO)
Interviews with world-class product leaders and growth experts to uncover actionable advice to help you build, launch, and grow your own product.
Subscribe to Lenny's Podcast.
Big Technology Podcast:
 Kimi K3 & AI's Price War, What Happened To Google?, OpenAI's Partner Trouble
The Big Technology Podcast takes you behind the scenes in the tech world featuring interviews with plugged-in insiders and outside agitators.
Subscribe to Big Technology Podcast.
Great Chat:
 Never follow your heroes (on X)
A podcast mostly about tech. Brought to you weekly by Angela Du, Sally Shin, Mac Bohannon, Helen Min, and Ashley Mayer.
Subscribe to Great Chat.
Tools and Weapons with Brad Smith:
 Connecting the Unconnected: Doreen Bogdan-Martin
Microsoft Vice Chair and President Brad Smith speaks with leaders in government, business, and culture to explore the most critical challenges at the intersection of technology and society.
Subscribe to Tools and Weapons with Brad Smith.
Add your podcast here
 

About This Page

This is a Techmeme archive page. It shows how the site appeared at 4:00 PM ET, March 15, 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.

From Mediagazer

Gene Maddaus / Variety:
A US judge orders a temporary halt to the Paramount-WBD merger, as a 12-state coalition, led by California, argues it would violate federal antitrust law

Michael M. Grynbaum / New York Times:
Unsealed docs: the DOJ sought phone records of NYT reporters and their relatives in an extraordinary attempt to unmask sources of NYT's Air Force One coverage

MJ Franklin / New York Times:
How publishers are cashing in on surging public interest in The Odyssey through splashy reissues; Circana BookScan says sales of The Odyssey rose by 76% YoY

More News

CNBC:
Representative Ken Buck says the GOP won't impose tougher antitrust rules on Google, Amazon, and Apple in 2023; Jim Jordan doesn't want to give Biden more power
Fabiano Maisonnave / Associated Press:
An investigation finds that illegal miners in Brazil use SpaceX's Starlink for coordinating logistics, making payments, and warning of law enforcement raids

Earlier Picks

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
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
Mediagazer memeorandum WeSmirch
Home River Leaderboards About Events Newsletter