Petition to stop AI development, Binance hid its China ties, new ByteDance app hits Top 10

A petition to pause all development on AI models that are more powerful than GPT-4 for the next six months has been signed by over 1000 people, including Elon Musk and Steve Wozniak - Link

Goldman Sachs research: Global GDP could increase by 7% over the next decade with the help of AI, and 66% of jobs in the US and EU are "exposed to some degree of AI automation" - Link

FT sources: Binance hid its ties to China over several years, including misleading the public about a potential office in Beijing; Binance said the claims are dramatically mischaracterized - Link

ByteDance-owned Instagram competitor Lemon8 has entered the US App Store's Top 10; Apptopia estimates the social platform has 4.25M MAUs; TechCrunch believes ByteDance is leveraging TikTok to promote Lemon8 downloads - Link

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This Week in Startups

Producer Rachel joins Jason to break down the latest tech news. They cover AOC's arguments against banning TikTok (2:29), Alibaba's six-way split (18:43), Disney's metaverse cuts (28:17), Substack's equity crowdfunding (39:16), Lyft's precarious position, and more! (55:09) Then, Jason breaks down the case for shorting Coinbase. (1:12:14) - Link

Clearview AI, a facial recognition software platform used by law enforcement and government agencies, has executed close to 1M searches for US police departments and scraped 30B images from platforms like Facebook - Link

Perplexity AI, a startup building an AI-powered conversational search engine, raised $25.6M led by NEA; Perplexity also has backing from six current and former Google AI researchers - Link

Apple launched its BNPL service to select users in the US; accepted users can apply for loans of $50 to $1000 and repay those loans over six weeks with 4-interest free payments - Link

The FDIC has told Signature Bank's crypto customers to reallocate their funds by April 5; NYCB purchased most of Signature's loans and deposits, excluding the $4B of deposits related to Signet's crypto business - Link

This Week in Startups

E1708: Alibaba's six-way split, Disney cuts its metaverse team, Substack's raise & more

E1707: First Citizens acquires SVB, the daunting reality of AI & Refiberd CEO Sarika Bajaj

E1706: Acquired’s Ben Gilbert & David Rosenthal on private markets, ZIRP impact, future of Amazon

E1705: TikTok CEO grilled in front of Congress, Coinbase's Wells Notice & Do Kwon arrested

E1704: ANGEL: Freestyle’s Jenny Lefcourt on nailing non-consensus bets and avoiding hype

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