Techmeme
March 16, 2023, 4:55 PM

Top News

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.
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:
John D. McKinnon / Wall Street Journal:
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 …
Ryan Broderick / Garbage Day:
OpenAI's GPT-4 is an outrageous, if imperfect, step forward, showing how in the 2020s, generative AI will turn the internet into one big personalized web portal  —  Read to the end for a good Twitter reply  —  Building A Portal To Everything  —  Very often I will come up with a big existential question …
Benj Edwards / Ars Technica:
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 …
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.
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 …
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
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 …
Bloomberg:
Baidu announces its Ernie Bot via a pre-recorded video, with founder Robin Li talking over a scripted video of interactions with the AI, and opens registrations  —  Baidu Inc. debuted China's answer to ChatGPT via a recorded video, disappointing investors hoping for a real-time demo …

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