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) - TechnW3 Reviewed by TechNW3 on 16:41 Rating: 5

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) - TechnW3 Reviewed by TechNW3 on 15:41 Rating: 5

Sources: Y Combinator will not raise another Continuity Fund, which backs late-stage startups, and the two partners who led the fund plan to leave the company (Kate Clark/The Information) - TechnW3 Reviewed by TechNW3 on 14:41 Rating: 5

How insurers are using unregulated predictive algorithms to pinpoint the precise moment when they can plausibly cut off payment for older patients' treatment (STAT) - TechnW3 Reviewed by TechNW3 on 13:41 Rating: 5

Signature's closure means real-time payment platform Signet is no longer serving crypto clients, following Silvergate's SEN; BTC is up ~7% and USDC regains peg (MacKenzie Sigalos/CNBC) - TechnW3 Reviewed by TechNW3 on 20:41 Rating: 5

First Republic Bank says it has shored up its finances with additional funding from the US Fed and JPMorgan Chase, giving the bank $70B in unused liquidity (Rachel Louise Ensign/Wall Street Journal) - TechnW3 Reviewed by TechNW3 on 18:41 Rating: 5

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) - TechnW3 Reviewed by TechNW3 on 17:41 Rating: 5

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) - TechnW3 Reviewed by TechNW3 on 16:41 Rating: 5

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) - TechnW3 Reviewed by TechNW3 on 15:41 Rating: 5

Sources: US officials are considering the extraordinary step of protecting all uninsured SVB deposits, if the FDIC is unable to find a buyer for the failed bank (Washington Post) - TechnW3 Reviewed by TechNW3 on 12:41 Rating: 5