March 15, 20230CommentsA 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 (Emily Flitter/New York Times)
March 15, 20230CommentsFoxconn reports Q4 revenue down 10% YoY to ~$64.5B and $1.3B net income, slightly below estimates, and forecasts slumping consumer electronics demand in 2023 (Debby Wu/Bloomberg)
March 15, 20230CommentsArkham: net redemptions of Circle’s USDC reached $4.5B since March 10, including a single $723M redemption that was later burnt, after Signature and SVB fell (Adam Morgan McCarthy/The Block)
March 15, 20230CommentsSources: US prosecutors were investigating Signature’s work with crypto clients before regulators seized the bank, including over detecting money laundering (Bloomberg)
March 15, 20230CommentsMicrosoft announces Build 2023 will run from May 23 to May 25 digitally and in person from Seattle, with updates on Windows 11, Bing, AI, and more expected (Emma Roth/The Verge)
March 15, 20230CommentsA 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 (Max Abelson/Bloomberg)
March 15, 20230CommentsMicrosoft 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 (Yusuf Mehdi/Bing Blogs)
March 15, 20230CommentsThe Be My Eyes app for the visually impaired integrates GPT-4, which can inspect and describe images, through a Virtual Volunteer feature in closed beta (Devin Coldewey/TechCrunch)
March 15, 20230CommentsSources: Apple delays some employee bonuses as the company moves to once-a-year payouts, slows down hiring more, keeps more positions open, and reins in travel (Mark Gurman/Bloomberg)