Tech Meme

Andrew Ackerman / Wall Street Journal: Sources: the FDIC is planning another SVB auction, after failing to find a suitor on March 12; at least one offer had been made, which was rejected by the FDIC  —  Auction comes after failed attempt to find suitor on Sunday  —  The Collapse of Silicon Valley Bank: What You Need to Know Lees verder op Tech Meme

Will Oremus / Washington Post: Experts say that, in the short term, the promise and perils of generative AI may be more modest than the fervor surrounding tools like ChatGPT makes them seem  —  Hype and fear collide in the tech industry’s latest boom  —  If you listen to its boosters, artificial intelligence is poised … Lees verder op Tech Meme

Financial Times: Sources: China begins to impede subsea internet cable projects in the South China Sea over spying fears, imposing strict permit requirements and approval delays  —  Beijing imposes strict permit requirements for access to underwater data infrastructure over spying fears Lees verder op Tech Meme

Platformer: Sources: Microsoft laid off one of its responsible AI teams that was tasked with assessing the risks associated with integrating OpenAI’s tech into its products  —  As the company accelerates its push into AI products, the ethics and society team is gone  —  I. Lees verder op Tech Meme

Preetika Rana / Wall Street Journal: A California appeals court reverses a lower court ruling that found Prop 22 was illegal, preserving the independent contractor model of Uber, Lyft, and others  —  Ruling upholds Proposition 22, which preserves gig-economy business model  —  Uber Technologies Inc., UBER -0.93%decrease … Lees verder op Tech Meme

Bloomberg: Sources: Chinese autonomous driving startup WeRide has filed confidentially for a US IPO and aims to raise $500M; WeRide was valued at ~$4.4B in March 2022  —  Chinese driverless technology startup Guangzhou WeRide Technology Co. has filed confidentially for an initial public offering in the US … Lees verder op Tech Meme

Alexander Osipovich / Wall Street Journal: Sources: the US DOJ is investigating the May 2022 collapse of the TerraUSD stablecoin; the SEC filed a suit against Terraform Labs and Do Kwon last month  —  FBI and New York officials have questioned former Terraform Labs team members  —  The Justice Department is investigating … Lees verder op Tech Meme

Adam Morgan McCarthy / The Block: Meta plans to wind down its work on NFTs “for now” to focus on other ways of supporting creators and will continue working on Meta Pay  —  – Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel.  —  Meta is ditching its pursuit of NFTs as the company looks … Lees verder op Tech Meme

Natasha Mascarenhas / TechCrunch: Y Combinator scales back its late stage team, laying off 17 employees, or ~20% of YC staff, calling late stage investing a “distraction from our core mission”  —  Y Combinator will be writing less checks toward late-stage companies, a scale back that also cost 17 team members … Lees verder op Tech Meme

Reuters: Sources and documents: India plans to force smartphone makers to let users remove pre-loaded apps and will mandate screening OS updates via new security rules  —  India plans to force smartphone makers to allow removal of pre-installed apps and mandate screening of major operating system … Lees verder op Tech Meme