Meta to cut 10K more roles, OpenAI debuts GPT-4 as Anthropic launches Claude

In a letter to Meta employees, Mark Zuckerberg announced plans to cut 10K more jobs, withdraw ~5K unfilled open roles, and cancel lower-priority projects, branding 2023 as the company’s “Year of Efficiency” - Link

OpenAI debuted GPT-4, which is more accurate and well-reasoned than its predecessor; the model is now available to ChatGPT Plus subscribers; users can also sign up for the GPT-4 API waitlist - Link

OpenAI competitor Anthropic has debuted Claude, its ChatGPT rival, for business customers that want to use its product - Link

The Information sources: PE firm Apollo Global Management asked major VC firms to help finance a bid for Silicon Valley Bank’s assets; the FDIC is currently running an auction process for SVB’s $200B+ in assets - Link

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Jason kicks off Monday by recapping this weekend’s chaos caused by the collapse of Silicon Valley Bank (1:45). Then, he advises founders on preventing a scare like this from happening again before interviewing Andrew R McHugh of Wist Labs, who is building a platform to capture and relive memories in AR and VR (13:40). - Link

Bloomberg sources: In a cost-cutting effort, Apple has slowed down hiring, cut some contract workers, reduced travel budgets, and delayed the frequency of employee bonuses - Link

Bloomberg sources: NYC prosecutors are probing Telegram group chats between Alameda, Jane Street, and Jump employees regarding a discussed potential bailout of TerraUSD from May 2022 - Link

Forbes sources: Adept, an AI startup building software that turns plain text into computer actions, raised a $350M Series B at a valuation north of $1B - Link

Mitiga, a Tel Aviv-based cloud security platform, raised a $45M Series A led by ClearSky Security at a $100M+ valuation - Link

E1697: Silicon Valley Bank collapse recap + Wist CEO on capturing XR memories

E1696: EMERGENCY POD: $SVIB implodes, contagion risk, advice for founders, and what’s next?

E1695: Stripe to raise $6B, $SIVB drops 60%, generative AI funding

E1694: Ask an Angel! Startup funding overview, investor red flags, negotiating early-stage terms

E1693: ANGEL: Threshold VC’s Emily Melton on market distortion, healthcare investing & culture

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