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Sources: 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)

Mark Gurman / Bloomberg: Sources: 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  —  Apple Inc. is delaying bonuses for some corporate divisions and expanding a cost-cutting effort, joining Silicon Valley peers …

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The 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)

Devin Coldewey / TechCrunch: The 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  —  OpenAI has introduced the world to its latest powerful AI model, GPT-4, and refreshingly the first thing they set the new system to was helping

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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 (Yusuf Mehdi/Bing Blogs)

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  —  Congratulations to our partners at Open AI for their release of GPT-4 today.  —  We are happy to confirm that the

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A 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)

Max Abelson / Bloomberg: A 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  —  Signature Bank was flying high when co-founder Scott Shay mused about success on a podcast early last year.

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Tailscale: Fast and easy VPNs for developers

Networking can be an annoying problem for software developers. I’m not talking about local area networking or browsing the web, but the much harder problem of ad hoc, inbound, wide area networking. Suppose you create a dazzling website on your laptop and you want to share it with your friends or customers. You could modify

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Microsoft 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)

Emma Roth / The Verge: Microsoft 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  —  Microsoft Build is back, and this time, it’s taking place both digitally and in person from Seattle, Washington.

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Sources: US prosecutors were investigating Signature’s work with crypto clients before regulators seized the bank, including over detecting money laundering (Bloomberg)

Bloomberg: Sources: US prosecutors were investigating Signature’s work with crypto clients before regulators seized the bank, including over detecting money laundering  —  US prosecutors were investigating Signature Bank’s work with crypto clients before regulators suddenly seized the lender this past weekend …

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Arkham: 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)

Adam Morgan McCarthy / The Block: Arkham: 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  —  Circle’s stablecoin continues to struggle to win back confidence, and the biggest redemption on record just occurred as $723.5 million …

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Foxconn 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)

Debby Wu / Bloomberg: Foxconn 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  —  Hon Hai Precision Industry Co. reported profit that fell just shy of expectations and offered a cautious outlook for this year.

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A Pi Calculating Pi for Pi Day

What is it about pi that we humans — at least some of us — find so endlessly fascinating? Maybe that’s just it — it’s endless, an eternal march of digits that tempts us with the thought that if we just calculate one more digit, something interesting will happen. Spoiler alert: it never does. That

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Sources: Abu Dhabi-based G42 acquired a $100M+ stake in ByteDance at a ~$220B valuation, down from $300B set in a recent buyback, as the US weighs a TikTok ban (Bloomberg)

Bloomberg: Sources: Abu Dhabi-based G42 acquired a $100M+ stake in ByteDance at a ~$220B valuation, down from $300B set in a recent buyback, as the US weighs a TikTok ban  —  ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42 …

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Samsung Electronics plans to invest ~$230B through 2042 in South Korea to build one of the world’s largest chipmaking bases, including five chip factories (Reuters)

Reuters: Samsung Electronics plans to invest ~$230B through 2042 in South Korea to build one of the world’s largest chipmaking bases, including five chip factories  —  South Korean tech giant Samsung Electronics (005930.KS) expects to invest $230 billion over the next 20 years to develop …

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A Smart Home That CAN Do It All

In an ideal smart home, the explosion of cheap WiFi and Bluetooth chips has allowed hundreds of small wireless devices to control the switches, lights, and everything else required for a “smart home” at a relatively low price. But what if you don’t want hundreds of internet-connected devices in your home polluting the wireless spectrum

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Zürich-based Verity, which offers autonomous inventory management drones to logistics providers, retailers, and manufacturers, has raised a $32M Series B (Dan Taylor/Tech.eu)

Dan Taylor / Tech.eu: Zürich-based Verity, which offers autonomous inventory management drones to logistics providers, retailers, and manufacturers, has raised a $32M Series B  —  The Swiss company plans to use the capital to speed up the rollout of its autonomous inventory drone system to meet a growing backlog of deployments.

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After the ALPHV ransomware group claimed to have hit Amazon’s Ring, the company says it was not breached but a third-party vendor has been hit with ransomware (Joseph Cox/VICE)

Joseph Cox / VICE: After the ALPHV ransomware group claimed to have hit Amazon’s Ring, the company says it was not breached but a third-party vendor has been hit with ransomware  —  The group is blackmailing Ring on its site: “There’s always an option to let us leak your data,” they posted.

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Bengaluru-based HealthPlix, which offers health records software for doctors, raised a $22M Series A, $20M in equity and $2M in debt, co-led by Avataar and SIG (Jagmeet Singh/TechCrunch)

Jagmeet Singh / TechCrunch: Bengaluru-based HealthPlix, which offers health records software for doctors, raised a $22M Series A, $20M in equity and $2M in debt, co-led by Avataar and SIG  —  HealthPlix, an Indian startup offering its in-house platform for doctors to help record patient data digitally …

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Two US members of the ViLE cybercriminal group have been charged for a May 2022 hack into a DEA portal that taps into 16 federal law enforcement databases (Brian Krebs/Krebs on Security)

Brian Krebs / Krebs on Security: Two US members of the ViLE cybercriminal group have been charged for a May 2022 hack into a DEA portal that taps into 16 federal law enforcement databases  —  Two U.S. men have been charged with hacking into a U.S. Drug Enforcement Agency (DEA) online portal that taps into

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Interviews with 20 people detail the Biden administration’s response to SVB’s collapse, amid lobbying from tech execs and investors to protect all depositors (Washington Post)

Washington Post: Interviews with 20 people detail the Biden administration’s response to SVB’s collapse, amid lobbying from tech execs and investors to protect all depositors  —  It seemed like a simple question: Did the treasury secretary have any concerns about the economic risks posed by Silicon Valley Bank?

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