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Technology

Technology

Companies scramble to meet payroll, pay bills after SVB’s swift failure

Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.  Justin Sullivan | Getty Images...

by admin March 10, 2023
Companies scramble to meet payroll, pay bills after SVB's swift failure
Technology

Here’s how the second-biggest bank collapse in U.S. history happened in just 48 hours

On Wednesday, Silicon Valley Bank was a well-capitalized institution seeking to raise some funds. Within 48 hours, a panic induced by the very venture...

by admin March 10, 2023
Here's how the second-biggest bank collapse in U.S. history happened in just 48 hours
Technology

Silicon Valley investors and founders express shock over SVB’s collapse, describe struggles to get money out

Nikolas Kokovlis | Nurphoto | Getty Images Venture capitalists and technology executives are scrambling to make sense of and account for the potential repercussions...

by admin March 10, 2023
Silicon Valley investors and founders express shock over SVB's collapse, describe struggles to get money out
Technology

Silicon Valley Bank’s struggles spell further trouble for beleaguered tech startup market

Silicon Valley Bank has long been considered the lifeblood for tech startups, providing traditional banking services while funding projects and companies deemed too risky...

by admin March 9, 2023
Silicon Valley Bank's struggles spell further trouble for beleaguered tech startup market
Technology

Oracle shares sink nearly 5% after third-quarter revenue miss

Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David...

by admin March 9, 2023
Oracle shares sink nearly 5% after third-quarter revenue miss
Technology

Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown

Omar Marques | Lightrocket | Getty Images 2 months ago 2 months ago “In light of recent industry and regulatory developments, Silvergate believes that...

by admin March 8, 2023
Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown
Technology

U.S. regulators investigating Tesla after steering wheels detach from two moving vehicles

A worker checks Tesla Model Y electric vehicles loaded onto a freight trailer at the Tesla Inc. Gigafactory in Gruenheide, Germany, on Saturday, Jan....

by admin March 8, 2023
U.S. regulators investigating Tesla after steering wheels detach from two moving vehicles
Technology

ChatGPT is being used to automatically write emails: Microsoft, Salesforce and TikTok creators are hopping on the trend

Jakub Porzycki | Nurphoto | Getty Images Artificial intelligence chatbots are already being used to write custom email pitches. This shows how AI such...

by admin March 8, 2023
ChatGPT is being used to automatically write emails: Microsoft, Salesforce and TikTok creators are hopping on the trend
Technology

Elon Musk apologizes after calling disabled Twitter employee who was laid off ‘the worst’

Elon Musk speaking at Tesla Investor Day.  Courtesy: Tesla Elon Musk on Tuesday backed down from his attacks on a disabled Twitter employee who...

by admin March 8, 2023
Elon Musk apologizes after calling disabled Twitter employee who was laid off 'the worst'
Technology

Nvidia CEO Jensen Huang’s big bet on A.I. is paying off as his core technology powers ChatGPT

For about a quarter century, Nvidia has been leading the revolution in computer graphics, becoming a beloved brand by gamers along the way. Nvidia...

by admin March 7, 2023
Nvidia CEO Jensen Huang's big bet on A.I. is paying off as his core technology powers ChatGPT
Technology

Singapore’s tech salaries mostly jumped in 2022, new report shows

“The outlook for 2023 in the tech talent and hiring market is expected to show a continued demand for tech talents, although at a...

by admin March 7, 2023
Singapore's tech salaries mostly jumped in 2022, new report shows
Technology

Chinese smartphone giants are making a high-end play against Apple and Samsung

Huawei spin off Honor had one of the most prominent booths at Mobile World Congress in February 2023. It was right next to Samsung’s...

by admin March 7, 2023
Chinese smartphone giants are making a high-end play against Apple and Samsung
Technology

Google tells employees that fewer of them will get promotions to senior roles

Sundar Pichai, CEO of Google Inc. speaks during an event in New Delhi on December 19, 2022.  Sajjad Hussain | AFP | Getty Images...

by admin March 6, 2023
Google tells employees that fewer of them will get promotions to senior roles
Technology

Google CEO defends desk-sharing policy, says some offices are like a ‘ghost town’

Alphabet CEO Sundar Pichai gestures during a session at the World Economic Forum (WEF) annual meeting in Davos, on January 22, 2020. FABRICE COFFRINI...

by admin March 6, 2023
Google CEO defends desk-sharing policy, says some offices are like a 'ghost town'
Technology

Google execs tell employees in testy all-hands meeting that Bard A.I. isn’t just about search

Sundar Pichai, chief executive officer of Google Inc., speaks during the Google I/O Developers Conference in Mountain View, California, U.S., on Tuesday, May 8,...

by admin March 3, 2023
Google execs tell employees in testy all-hands meeting that Bard A.I. isn't just about search
Technology

Amazon to close eight Go convenience stores in cost-cutting move

After more than a year in beta, Amazon opened their cashier-less grocery store to the public Stephen Brashear | Getty Images Amazon plans to...

by admin March 3, 2023
Amazon to close eight Go convenience stores in cost-cutting move
Technology

Inside the fierce debate over clean hydrogen, with $100 billion in federal subsidies on the line

One type of hydrogen production uses electrolysis, with an electric current splitting water into oxygen and hydrogen. If the electricity used in this process...

by admin March 3, 2023
Inside the fierce debate over clean hydrogen, with 0 billion in federal subsidies on the line
Technology

Meta announces big price cuts for its VR headsets

Meta will slash the prices of its Quest 2 and high-end Quest Pro headsets, the company announced Friday. The price of the 256GB Meta...

by admin March 3, 2023
Meta announces big price cuts for its VR headsets
Technology

Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay $206 million penalty

Ericsson recently announced it is planning to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Swedish telecommunications...

by admin March 2, 2023
Ericsson pleads guilty in U.S. to federal bribery violations, agrees to pay 6 million penalty
Technology

Activist hedge fund manager Dan Loeb takes a passive stake in AMD

Third Point’s Dan Loeb has taken a passive stake in chipmaker AMD, sources told CNBC’s Scott Wapner. The hedge fund manager took the bet...

by admin March 2, 2023
Activist hedge fund manager Dan Loeb takes a passive stake in AMD
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