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Email: SVB’s new CEO Tim Mayopoulos says SVB NA, a new FDIC-run “bridge-bank”, with deposits protected by the FDIC, is “open and conducting business as usual” (Natasha Mascarenhas/TechCrunch)

Natasha Mascarenhas / TechCrunch: Email: SVB’s new CEO Tim Mayopoulos says SVB NA, a new FDIC-run “bridge-bank”, with deposits protected by the FDIC, is “open and conducting business as usual”  —  The former Fannie Mae exec says new deposits will be protected by the FDIC

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Trend Micro: the Emotet botnet, which has returned after a months-long hiatus, is using binary padding and other new tricks to get users to download malware (Dan Goodin/Ars Technica)

Dan Goodin / Ars Technica: Trend Micro: the Emotet botnet, which has returned after a months-long hiatus, is using binary padding and other new tricks to get users to download malware  —  Quoting Herman Melville is only one of Emotet’s latest innovations.  —  Widely regarded as one of the Internet’s top threats …

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Sources: the UK plans to launch a 10-year program to invest £2.5B in quantum computing, more than doubling the funding available to researchers (Financial Times)

Financial Times: Sources: the UK plans to launch a 10-year program to invest £2.5B in quantum computing, more than doubling the funding available to researchers  —  Decade-long scheme intended to boost government pledge to make Britain ‘next Silicon Valley’  —  Ministers are to launch a 10-year programme …

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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 make them seem (Will Oremus/Washington Post)

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 make them seem  —  Hype and fear collide in the tech industry’s latest boom  —  If you listen to its boosters, artificial intelligence is poised

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Sources: the FDIC is planning another SVB auction, after it failed to find suitor on Sunday; at least one offer had been made, but it was rejected by the FDIC (Andrew Ackerman/Wall Street Journal)

Andrew Ackerman / Wall Street Journal: Sources: the FDIC is planning another SVB auction, after it failed to find suitor on Sunday; at least one offer had been made, but it was rejected by the FDIC  —  Auction comes after failed attempt to find suitor on Sunday  —  The Collapse of Silicon Valley Bank: What

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Building A Communications Grid with LoRaType

Almost all of modern society is built around various infrastructure, whether that’s for electricity, water and sewer, transportation, or even communication. These vast networks aren’t immune from failure though, and at least as far as communication goes, plenty will reach for a radio of some sort to communicate when Internet or phone services are lacking.

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Sources: China has begun to impede subsea internet cable projects in South China Sea over spying fears, imposing strict permit requirements and approval delays (Financial Times)

Financial Times: Sources: China has begun to impede subsea internet cable projects in 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

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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 (Platformer)

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.

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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 (Bloomberg)

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 …

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A California appeals court reverses a lower court ruling that found Prop 22 illegal, preserving the independent contractor model of companies like Uber and Lyft (Preetika Rana/Wall Street Journal)

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

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Meta says it is winding down its work on NFTs “for now” to focus on other ways of supporting creators, people, and businesses (Adam Morgan McCarthy/The Block)

Adam Morgan McCarthy / The Block: Meta says it is winding down its work on NFTs “for now” to focus on other ways of supporting creators, people, and businesses  —  – Meta is ditching its NFT efforts, for now, according to executive Stephane Kasriel.  —  Meta is ditching its pursuit of NFTs as the company

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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 (Alexander Osipovich/Wall Street Journal)

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 …

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GitLab reports Q4 revenue of $122.9M, up 58% YoY, a loss of $46.3M, up from $40.6M a year ago, and a weak revenue forecast for fiscal 2024; stock drops ~37% (Jordan Novet/CNBC)

Jordan Novet / CNBC: GitLab reports Q4 revenue of $122.9M, up 58% YoY, a loss of $46.3M, up from $40.6M a year ago, and a weak revenue forecast for fiscal 2024; stock drops ~37%  —  – GitLab reported narrower losses and better-than-expected revenue in the fiscal fourth quarter, but its top-line projection for fiscal 2024

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A Utah jury finds that Dish Network must pay $469M for infringing two patents held by parental-control technology maker ClearPlay (Blake Brittain/Reuters)

Blake Brittain / Reuters: A Utah jury finds that Dish Network must pay $469M for infringing two patents held by parental-control technology maker ClearPlay  —  Dish Network LLC (DISH.O) must pay $469 million for infringing two patents held by parental-control technology maker ClearPlay Inc related to filtering material …

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How insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for older patients’ treatment (STAT)

STAT: How insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for older patients’ treatment  —  An algorithm, not a doctor, predicted a rapid recovery for Frances Walter, an 85-year-old Wisconsin woman with a shattered left shoulder and an allergy to pain medicine.

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Hacking Skis, Rules, and Friendships

The American Birkebeiner is the second largest cross-country skiing race in the world and is quite a big deal within that sport. At 55 kilometers it’s not a short event, either, requiring a significant amount of training to even complete, let alone perform well enough to be competitive. Around a decade ago, friends [Joe] and

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WordPress.com owner Automattic acquires the ActivityPub for WordPress plugin and hires its dev, so blogs can integrate with the Fediverse, including Mastodon (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch: WordPress.com owner Automattic acquires the ActivityPub for WordPress plugin and hires its dev, so blogs can integrate with the Fediverse, including Mastodon  —  WordPress.com sites now have an easier way to integrate with the Fediverse, including Mastodon.

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