Hey Insiders, Inside.com is partnering with GrowthHackers on this year’s globe-spanning State of Growth 2023 Survey. If you participate in this survey to understand what companies are doing to drive growth, you can be among the first to see the full report. You will also receive a $100 voucher that can be used toward a course at Growth University or a ticket to the GrowthHackers Conference. Just click this link to contribute. -The Inside.com Team | |  Daniel |  |
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 Treasury Secretary Janet Yellen said the government could intervene to protect depositors at regional banks. The comment comes after federal regulators recently intervened to guarantee uninsured deposits following the collapse of Silicon Valley Bank (SVB) and Signature Bank. More: - She said her focus is on "stabilizing our system and restoring the confidence of depositors" but acknowledged that further regulations could address the "root causes of the crisis."
- Treasury officials said that deposit outflows from regional banks have slowed or reversed since the federal government took action to protect uninsured SVB and Signature depositors last week.
- Last week, Yellen said that the federal government would only protect uninsured deposits in the case of an emergency but on Tuesday she said that such an intervention could occur "if smaller institutions suffer deposit runs that pose the risk of contagion."
- The Federal Reserve is establishing a new lending program to provide liquidity to banks so that they can meet withdrawal requests in the case of a bank run.
Zoom Out: - First Republic Bank, which is seen as one of the most vulnerable U.S. banks, saw its stock reach its lowest-ever price on Monday.
- 11 major banks agreed to organize a $30B liquidity boost for First Republic last Friday.
- JPMorgan CEO Jamie Dimon is leading talks about another capital infusion into the bank.
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 Google launched Bard, its own language-learning model chatbot, on Tuesday. The ChatGPT competitor will be available to a limited number of users in the U.S. and the U.K. before a broader launch. More: - The release comes after Google declared a "code red" in December in response to the release of ChatGPT-3 a month earlier.
- Some experts believe that A.I. chatbots could replace traditional search engines by providing more comprehensive search results. However, Bard is not part of Google's search engine and instead has its own website.
- Google said it has not yet determined how to monetize Bard but plans to incorporate A.I. technology into workplace apps like Google Docs and Sheets.
- Google would also sell the underlying technology to companies that want to develop their own chatbots or use Google's A.I. in their apps.
Zoom Out: - Eli Collins, Google's vice president for research, said that Google is "well aware" of the possible issues of a chatbot producing false information or reproducing biases against women and minorities.
- OpenAI released ChatGPT-4, the latest version of the chatbot, last week.
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 A message from LACEWORK Achieve 342% return on investment with the data-driven CNAPP Faster outcomes, better security. Spot unknowns sooner and continuously watch for signs of compromise. Stop costly mistakes at the source. Fix vulnerabilities and misconfigurations before they hit production. Add security checks early in development, including infrastructure as code (IaC) scanning. Empower developers to scan locally, in registries, and CI/CD while building, at scale. See it in action
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 The federal government wants to bar Chinese and Russian firms from accessing subsidies for semiconductor manufacturing and research. The proposed rules would also bar companies that receive subsidies from the CHIPS Act from collaborating on research or technology licensing with foreign entities of concern. More: - The proposal classifies some types of semiconductors as critical to national security, putting them under stricter restrictions than other chips.
- These include chips for quantum computing, those designed for radiation-intensive environments, and some used for specialized military purposes.
- The Commerce Department in October banned the export of advanced semiconductor chips made with U.S. equipment to Chinese companies.
- Commerce Secretary Gina Raimondo said the new rules "will help ensure we stay ahead of adversaries for decades to come."
Zoom Out: - The CHIPS Act includes $52B in tax incentives and subsidies to spur domestic growth in the semiconductor industry.
- Commerce will begin accepting applications for a $39B semiconductor manufacturing subsidy program in late June.
- The legislation also includes a 25% investment tax credit for new chip plants.
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 GOOD NEWS: A Connecticut summer camp for children with severe medical conditions has re-opened after being devastated by a fire in early 2021. The Hole in the Wall Gang Camp was established by the late actor Paul Newman in 1988 as a place where sick children can "raise a little hell." More: - The original camp, which was designed to look like a town in the old American West, featured a woodworking shop, an arts and crafts structure, and an educational kitchen — all of which were damaged by the fire.
- The camp's new $4.5M creative complex officially opens on Tuesday, thanks to donations from the Newman's Own Foundation and others.
- The 11,000-square-foot structure features a quiet sensory room, a cozy room for parents and caregivers to chat, and a deck for outdoor events.
- It's decorated with a 4,000-piece mosaic that reads "Camp is Magic" by artist Mia Schon, who learned how to create mosaics while working as a Hole in the Wall camp counselor in 2006.
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 A message from FORTE GROUP ChatGPT, "when it comes to whether 'ilities' should be prioritized in software engineering, who is right, the CTO or the CEO?" To learn the answer firsthand, join Forte Group on March 30th, 2023, for a virtual panel discussion, "The balance between business expectations and CTOs' software sustainability needs." This webinar is ideal for CTOs, IT managers, project managers, software developers, and anyone involved in making technology decisions within their organization. At this event, you will learn the following: - The key challenges arise when balancing business expectations with software sustainability needs.
- Real-world examples of how companies have struggled to strike this balance and the consequences of making short-sighted decisions.
- Practical tips and strategies for finding a better balance between these competing needs.
- How to communicate the importance of software sustainability to business leaders.
- How to prioritize investments in innovative and sustainable technologies.
- How to foster collaboration across different parts of the organization.
Save Your Spot
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 More than 10 million people in Pakistan lack access to safe drinking water six months after floods devastated much of the country, according to a UN report. The floods, which began in June and killed at least 1,739 people, submerged more than a third of Pakistan underwater and caused ~$30B in damage. More: - According to a report by UNICEF, more than 5.4 million people, including 2.5 million children, "solely rely on contaminated water from ponds and wells."
- Drinking contaminated water makes children vulnerable to diseases like cholera, diarrhea, dengue, and malaria, causing "a vicious cycle of malnutrition and infection."
- According to UNICEF, malnutrition plays a part in half of all child deaths in Pakistan.
- More than 1.5 million children in Pakistan are severely malnourished, a number that is set to increase due to the lack of clean water.
Zoom Out: - Most people in Pakistan lacked access to clean drinking water before the floods, the report noted.
- Back then, only 36% of the country's drinking water was considered safe for consumption.
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 The Centers for Disease Control and Prevention (CDC) said that number of cases of a potentially deadly fungal infection nearly doubled in 2022. Candida auris does not pose a serious threat to healthy people, but it can prove deadly for people with weak immune systems or those who use medical devices like ventilators or catheters. More: - There were 1,471 cases in 2022, up from 756 in 2021.
- Most cases last year proved immune to anti-fungal treatments like echinocandins.
- The CDC described the surge in infections as an "urgent antimicrobial resistance threat."
- Most cases last year were among hospital patients and people living in elderly care facilities.
- The CDC said that cases have risen due to poor infection prevention and better screening efforts at healthcare facilities.
Zoom Out:
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- EU antitrust regulators raided the headquarters of Austrian energy drinks maker Red Bull on Monday on the grounds that the company "may have violated EU antitrust rules that prohibit cartels and restrictive business practices."
- Uganda's parliament will vote on a bill that would make it a crime to identify as LGBTQ+. The East African nation already has some of the most restrictive anti-LGBTQ laws in the world.
- Former British Prime Minister Boris Johnson admitted to misleading Parliament over parties held by his government during Covid lockdowns but denied doing so intentionally or recklessly. Johnson could be suspended or expelled from Parliament, depending on how the inquiry into his misconduct proceeds.
- On Tuesday, President Biden declared the creation of two new national monuments in Avi Kwa Ame, Nevada, and Castner Range, Texas.
- Wind River Learning Subscription: Get an in-depth embedded software education for $3,600.*
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 Terracotta figurine with a hollow chest, Michoacán, Mexico. 200-500 AD.
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Upcoming Events - March 20 - Inside Interview with Rollworks - Clearing the Path to ABM Success: Addressing the Issues Holding You Back (Watch On Demand)
- March 21 - Inside Startups Coffee Break (Register Here)
- March 27 - Inside Interview with Zscaler - Zero Trust Defense Strategies to Take Your Security to the Next Level (Watch On Demand)
- March 30 - A panel on how CTOs balance and prioritize NFRs into their roadmaps (Register Here) *
- March 30 - Inside.com Book Club - The Creative Act by Rick Rubin (Register Here)
- April 18 - Human Resources Summit'23 (Register Here)
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 |  | Dr. Daniel Smith is an Inside writer with a Ph.D. in Political Science from the University of Cambridge. Follow him on Twitter @DJS12321 or email him at Daniel@inside.com. | | | | Editor | Eduardo Garcia is a writer and editor based in New York. He is the author of "Things You Can Do," an illustrated book about climate action. Bylines in The New York Times, The Guardian, Slate, Scientific American, and others. In one of his previous lives, Eduardo worked as a Reuters correspondent in Latin America for nearly a decade. | |
Lacework offers the data-driven security platform for the cloud and is the leading cloud-native application protection platform (CNAPP) solution. | |
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