Tech
Fed just approved protection for all SVB depositors, both insured and uninsured, saying "these actions will reduce stress across the financial system, support financial stability and minimize any impact on businesses, households, taxpayers, and the broader economy."
3500 tech firms representing 220k workers signed a petition for Treasury to backstop SVB depositors. A policy response is expected Sunday, March 12. Here's what we know so far.
Here is a transcript of an interview with Treasury Secretary Janet Yellen on CBS with Margaret Brennan about plans after Silicon Valley bank failure
The Rapid Collapse of the 16th Largest Bank in America. This is a good long read with all the financials.
FDIC says Silicon Valley Bank had $209b in assets and $175b in deposits when FDIC shut them down Fri 3/10. Uninsured deposits will be determined shortly. Customers $250k+ deposits should contact FDIC at 866-799-0959.
Slack ChatGPT bot will now talk to your work colleagues so you don't have to. Just like Gilfoyle did to Dinesh in Silicon Valley, LOL!
Bloom's Taxonomy 6 tests -- Remember, Understand, Apply, Analyze, Evaluate, Create -- are great way to see if ChatGPT and AI will replace your job.
John Oliver's weekly deep dive is on AI this week. Quite useful, funny, and definitely worth watching.
OI, how the AI tables will turn when "biocomputers' (powered by human brain cells) come for robot jobs.

When iBuyers like Opendoor have excess inventory to sell, this is a buyer's market signal that works in your favor when making offers.
Apple entering BNPL space can make things better for consumers and merchants. But are competitors toast? And are regulators on board?
Unlike Apple Card powered by Goldman Sachs, Apple runs its new Pay Later service that’ll soon be an option in Apple Pay. Watch out BNPL competitors.
Best quote & analysis on Microsoft Bing chatbot Sydney – who’s smart, petulant, bad at search. Just like KITT from Knight Rider.

Big companies increasingly choose qualified consultants over employees to control fixed costs. You win this long game by packaging and selling your services well enough to create stability.
Just the announcements of Big Tech firms coming to town can transform community sentiment & behavior, but here's what happens when they pause or back out.


