GeekWire - GeekWire Mid-Week Update

Top stories so far this week

Meta laying off 10,000 more workers, four months after Facebook parent cut 11,000

Meta announced another round of significant layoffs on Tuesday, as the parent company of Facebook and Instagram said it would cut about 10,000 jobs.

Commentary: OpenAI’s GPT-4 has some limitations that are fixable — and some that are not

Editor’s note: Four months after the release of its ChatGPT chatbot, OpenAI unveiled its latest artificial intelligence technology, GPT-4, on Tuesday.

Lessons from WaMu: Historic financial failure offers clues to what’s next for Silicon Valley Bank

The government takeover and subsequent acquisition of Washington Mutual in 2008 could serve as a potential blueprint for the future of Silicon Valley Bank.

How Pfizer’s $43 billion acquisition of Seagen could impact the biotech industry in Seattle

Biopharma acquisitions often come with layoffs and lab shutdowns as smaller companies get absorbed.

Pfizer will acquire Seattle-area biotech giant Seagen for $43 billion

Pfizer is buying Seattle-area biotech giant Seagen in a massive $43 billion deal announced Monday.

Seattle leaders make plea for workers to return downtown and help address ‘remote work affliction’

More than 1,200 business and civic leaders gathered Tuesday afternoon for the Downtown Seattle Association’s annual “State of Downtown” event. The bright sunny skies and spring-like weather that greeted attendees as they entered the sparkling brand new Seattle Convention Center seemed to highlight the DSA’s upbeat theme of the day: “Optimism & Opportunity.” But there was a more direct call to action that emerged during the 4-hour event: What’s it going to take to get office workers back downtown?

Dancing with the cloud: Amazon Web Services CEO Adam Selipsky takes steps to fight homelessness

There’s no dancing around the seriousness of the homelessness crisis in Seattle.

How SVB’s collapse could impact housing markets, according to a Zillow economist

Silicon Valley Bank’s swift downward spiral could ease mortgage rates and push property prices downward in tech-heavy metros including San Francisco and Seattle.

The ripple effects from the Silicon Valley Bank fiasco on startups and investors

While many startup founders and investors slept easier Sunday night knowing their deposits at Silicon Valley Bank were safe, the rapid meltdown of the 40-year-old institution could have short- and long-term ripple effects on the tech startup industry.

Startups and investors relieved after U.S. vows to fully protect Silicon Valley Bank deposits

Updated with reaction from Seattle-area startup leaders and investors.

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latest artificial intelligence technology Amazon Web Services CEO Zillow economistSilicon Valley Bank Silicon Valley Bank fiasco Silicon Valley Bank depositsUpdated Seattlearea biotech giant Seagen Silicon Valley BankThe Historic financial failure remote work affliction bright sunny skies many startup founders Seattlearea startup leaders GeekWire MidWeek Update top tech stories longterm ripple effects Downtown Seattle Association

GeekWire - GeekWire Mid-Week Update

Top stories so far this week

GEEKWORK: TODAY'S TECH JOBS

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What’s next in the Silicon Valley Bank saga | Meta laying off more workers

The ripple effects from the Silicon Valley Bank fiasco on startups and investors

Pfizer will acquire Seattle-area biotech giant Seagen for $43 billion

U.S. vows to fully protect Silicon Valley Bank deposits, beyond FDIC limits, trying to reassure rattled tech startups

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