Duolingo debuts a Max subscription for $30 per month or $168 per year, offering GPT-4 features for English speakers taking Spanish and French courses on iOS (Aisha Malik/TechCrunch)

Aisha Malik / TechCrunch: Duolingo debuts a Max subscription for $30 per month or $168 per year, offering GPT-4 features for English speakers taking Spanish and French courses on iOS  —  Duolingo is introducing a new subscription tier with features powered by OpenAI’s new GPT-4 technology, the company announced on Tuesday.

Scene at MIT: A lively Winter Family Day

During the chilly last weekend of February, families around Cambridge, Massachusetts, enjoyed a fun-filled day in the Kendall/MIT Open Space. Winter Family Day included a range of family-friendly activities for attendees of all ages. With an estimated 1,500 attendees, the event was MIT Open Space Programming’s largest program to date. Collaborators across the Institute and […]

Microsoft plans to make 3D avatars available to all Teams users in May 2023, after announcing the feature in 2021 and testing them privately in recent months (Tom Warren/The Verge)

Tom Warren / The Verge: Microsoft plans to make 3D avatars available to all Teams users in May 2023, after announcing the feature in 2021 and testing them privately in recent months  —  Microsoft originally announced the avatars feature in 2021 and has been testing it privately in recent months.

Signature’s and SVB’s collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives (David Enrich/New York Times)

David Enrich / New York Times: Signature’s and SVB’s collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives  —  Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.

Source: US prosecutors are looking at Telegram group chats between employees at Jump, Jane Street, and Alameda in May 2023 over the collapse of TerraUSD (Bloomberg)

Bloomberg: Source: US prosecutors are looking at Telegram group chats between employees at Jump, Jane Street, and Alameda in May 2023 over the collapse of TerraUSD  —  US prosecutors are scrutinizing chat-group conversations among prominent trading firms including Jump Trading Group and Jane Street Group …

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 …

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 …

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 …

New method accelerates data retrieval in huge databases

Hashing is a core operation in most online databases, like a library catalogue or an e-commerce website. A hash function generates codes that directly determine the location where data would be stored. So, using these codes, it is easier to find and retrieve the data. However, because traditional hash functions generate codes randomly, sometimes two […]

Mining the right transition metals in a vast chemical space

Swift and significant gains against climate change require the creation of novel, environmentally benign, and energy-efficient materials. One of the richest veins researchers hope to tap in creating such useful compounds is a vast chemical space where molecular combinations that offer remarkable optical, conductive, magnetic, and heat transfer properties await discovery. But finding these new […]

Sources: long before its collapse, SVB remained technologically stagnant, including failing to integrate Stripe’s tech and biometric authentication on mobile (MacKenzie Sigalos/CNBC)

MacKenzie Sigalos / CNBC: Sources: long before its collapse, SVB remained technologically stagnant, including failing to integrate Stripe’s tech and biometric authentication on mobile  —  – SVB’s problems extended beyond its risk profile and a challenging economy.  — An ex-manager and several clients …

Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+ (Vishal Chawla/The Block)

Vishal Chawla / The Block: Lending protocol Euler Finance lost $197M in a flash-loan attack, including $136M in stETH and $34M in USDC; Euler raised $32M in June 2022; EUL drops 45%+  —  – Euler Finance was hit by a flash-loan attack that resulted in a loss of $197 million, according to security analysts.

As AI explodes, humanity must accelerate its adaptation or reach a collective, enforceable decision to slow the development of these technologies (Ezra Klein/New York Times)

Ezra Klein / New York Times: As AI explodes, humanity must accelerate its adaptation or reach a collective, enforceable decision to slow the development of these technologies  —  In 2018, Sundar Pichai, the chief executive of Google — and not one of the tech executives known for overstatement — said …

A new method to boost the speed of online databases

Hashing is a core operation in most online databases, like a library catalogue or an e-commerce website. A hash function generates codes that replace data inputs. Since these codes are shorter than the actual data, and usually a fixed length, this makes it easier to find and retrieve the original information. However, because traditional hash […]

New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature’s depositors will be “made whole” (CNBC)

CNBC: New York shuts down Signature Bank as US regulators cite a “systemic risk exception” like for SVB, announcing all of Signature’s depositors will be “made whole”  —  U.S. regulators said Sunday it shut down New York-based Signature Bank, a second financial institution …

A developer runs Meta’s 13B LLaMA model, considered to be competitive with GPT-3, on his laptop, showing local language models are feasible on consumer hardware (Simon Willison/Simon Willison’s Weblog)

Simon Willison / Simon Willison’s Weblog: A developer runs Meta’s 13B LLaMA model, considered to be competitive with GPT-3, on his laptop, showing local language models are feasible on consumer hardware  —  The open release of the Stable Diffusion image generation model back in August 2022 was a key moment.

The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13 (U.S. Department of the Treasury)

U.S. Department of the Treasury: The US Treasury, Federal Reserve, and the FDIC: all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13  —  WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …

A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7 (Ben Cohen/Wall Street Journal)

Ben Cohen / Wall Street Journal: A look at Bring a Trailer, a classic car blog from 2007 that became a marketplace, facilitated $1.37B in 2022 sales, and held its 100,000th auction on March 7  —  Bring a Trailer is where obsessives buy, sell and geek out over classic cars.  The company pops open its […]

Sources: Tim Cook is pressing ahead with the MR headset debut this year, overruling designers’ objections, and Apple expects to sell ~1M units in the first year (Financial Times)

Financial Times: Sources: Tim Cook is pressing ahead with the MR headset debut this year, overruling designers’ objections, and Apple expects to sell ~1M units in the first year  —  New launch will be first steered entirely by CEO and under direction of operations team  —  When Tim Cook unveils Apple’s new …

More than a bailout, SVB needs a white knight, someone who can come in and take over the bank that has been at the heart of the US innovation economy (Om Malik/On my Om)

Om Malik / On my Om: More than a bailout, SVB needs a white knight, someone who can come in and take over the bank that has been at the heart of the US innovation economy  —  After three decades of being part of the Silicon Valley ecosystem — as a reporter, writer, entrepreneur, and […]