| Bloomberg: |
Microsoft announces Microsoft 365 Copilot, which will bring OpenAI's GPT-4 to Excel, PowerPoint, Outlook, Word, and its other Office apps in the coming months — Microsoft Corp.'s effort to overhaul its entire lineup with OpenAI technology has spread to one of the company's oldest and best-known products: its Office apps.| The Verge: |
Microsoft details Microsoft 365 Copilot's Business Chat, which can summarize meetings, recent customer interactions, calendar entries, and more, like Bing's AI — One of the new Copilot AI features coming to Microsoft 365 apps and services is dubbed Business Chat.| Jonathan Vanian / CNBC: |
In a presentation about the new Copilot features, Microsoft acknowledges AI's tendency to produce inaccurate responses but says the tech can be “usefully wrong” — - Microsoft debuted ChatGPT-like features dubbed Copilot that will eventually come to its business apps like Word and Excel.| Dan Sabbagh / The Guardian: |
In a U-turn, the UK bans TikTok from ministers' and civil servants' work phones after a security review that began in November 2022, following the EU and the US — Move brings Britain in line with US and Europe and reflects worsening relations with China — Britain is to ban … | Stu Woo / Wall Street Journal: |
TikTok CEO Shou Zi Chew says divesting from ByteDance won't fix US concerns, an IPO won't occur soon, and data-sovereignty projects made the app unprofitable — Shou Zi Chew goes to Capitol Hill next week, as Biden administration demands a divestiture from app's Chinese owner| Taylor Hatmaker / TechCrunch: |
Twitch CEO Emmett Shear steps down after 16 years at the company, replaced by president Dan Clancy, effective immediately; Shear is a Justin.tv co-founder — After serving as its chief executive for more than a decade, Twitch CEO Emmett Shear will take a step back at the company.| New York Times: |
Sources: five days after seizing SVB, the FDIC conducted a stop-and-start auction process, with March 17 as the latest deadline to find a buyer for SVB's assets — Big rivals are thus far shying away from scooping up the bank's assets. — Five days after seizing control of Silicon Valley Bank … | James Vincent / The Verge: |
Experts criticize OpenAI for not disclosing GPT-4's training data or methods; OpenAI's co-founder says the company's past approach to sharing research was wrong — The system's capabilities are still being assessed, but as researchers and experts pore over its accompanying materials … | Benj Edwards / Ars Technica: |
| Mitchell Clark / The Verge: |
Twitter starts showing the number of times a tweet has been bookmarked, but not by whom, initially for iOS users on the tweet details page, with plans to expand — Twitter is adding yet another public metric to measure posts by. There's now a counter for how many bookmarks a tweet has gotten … | Sam Kessler / CoinDesk: |
The Arbitrum Foundation, which develops the Ethereum Layer 2 network Arbitrum, plans to airdrop its long-awaited ARB token on March 23 and transition to a DAO — The long-awaited ARB token will grant holders the ability to vote on changes to the leading Ethereum layer 2 network.| Aisha Malik / TechCrunch: |
YouTube raises YouTube TV's price by $8 to $72.99/month, citing a rise in “content costs”, effective for new users on March 16 and existing users on April 18 — YouTube has announced that it's raising the price of its YouTube TV subscription to $72.99 per month.| Patricia Nilsson / Financial Times: |
Private equity firm Ethical Capital Partners acquires Pornhub owner MindGeek, which had $460M in 2018 revenue and sources say profit margins near 50% at times — MindGeek acquired by Ethical Capital Partners for undisclosed sum — MindGeek, one of the world's largest and most controversial porn companies … | Michael Kozlowski / Good e-Reader: |
Amazon stops selling newspaper and magazine subscriptions for Kindle and print, and plans to shut down Kindle Newsstand in September 2023 — Amazon has announced they are abandoning the Kindle for Periodicals or the Kindle Newsstand, which will completely shutter on September 2023.| Wall Street Journal: |
Sources: Tiger Global marked down its investments in private companies by ~33% across its VC funds in 2022, erasing $23B in value from its portfolio of startups — The markdowns erased $23 billion in value from Tiger's portfolio of startups — Tiger Global marked down the value … | George Hammond / Financial Times: |
Peter Thiel says he had $50M in a personal account at SVB when the bank collapsed, even after Founders Fund warned portfolio companies that the bank was at risk — Prominent investor's Founders Fund among those that had warned about US bank's risks ahead of its collapse| Jesse Hamilton / CoinDesk: |
The US Federal Reserve plans to activate its FedNow Service real-time payments system in July 2023, meant to speed up clearing transactions between institutions — The new government-operated payments system - often used as an argument against the need for crypto's payments innovations … | Mia Sato / The Verge: |
TikTok adds a Refresh button to For You, resetting the recommendation algorithm to show videos like for a new user, after testing the feature in February 2023 — TikTok is adding a way for users to “refresh” For You page content when they want to switch up their feed.| FTX: |
An FTX bankruptcy filing describes $3.2B+ in payments and loans to founders and executives, chiefly from Alameda Research, including ~$2.2B to Sam Bankman-Fried — Identify Over $3.2 Billion in Transfers to Founders and Key Employees — Forensic Work Continues on Intercompany and Other Transactions| Brian Heater / TechCrunch: |
Nimble, which helps companies automate their warehouses using logistics robots, raised a $65M Series B led by Cedar Pine, bringing its total funding to $115M — There's a long-standing debate in the world of logistics robotics. On one side stand the greenfield folk, who insist …
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