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Technology

Technology

Silicon Valley Bank signed exclusive banking deals with some clients, leaving them unable to diversify

A delivery person drops off pizzas at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP |...

by admin March 13, 2023
Silicon Valley Bank signed exclusive banking deals with some clients, leaving them unable to diversify
Technology

SVB’s tech failings were a problem long before the bank run that led to its demise, critics say

Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s...

by admin March 12, 2023
SVB's tech failings were a problem long before the bank run that led to its demise, critics say
Technology

U.S. government steps in and says people with funds deposited at SVB will be able to access their money

Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank, a critical step in stemming a feared systemic panic...

by admin March 12, 2023
U.S. government steps in and says people with funds deposited at SVB will be able to access their money
Technology

Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found

A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More...

by admin March 12, 2023
Hundreds of venture capital firms vow to work with Silicon Valley Bank again if new owner is found
Technology

Investors implore the government to step in after Silicon Valley Bank failure

Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to assume Silicon Valley...

by admin March 11, 2023
Investors implore the government to step in after Silicon Valley Bank failure
Technology

Founders swarmed SVB’s Bay Area branches looking for answers after bank’s historic failure

A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California....

by admin March 11, 2023
Founders swarmed SVB’s Bay Area branches looking for answers after bank's historic failure
Technology

Amazon’s drone business can’t get off the ground as regulations, weak demand stymie progress

David Carbon, vice president of Prime Air at Amazon.com Inc., speaks during the Delivering the Future event at the Amazon Robotics Innovation Hub in...

by admin March 11, 2023
Amazon's drone business can't get off the ground as regulations, weak demand stymie progress
Technology

Roku says 26% of its cash reserves are stuck in Silicon Valley Bank

A video sign displays the logo for Roku Inc, a Fox-backed video streaming firm, in Times Square after the company’s IPO at the Nasdaq...

by admin March 10, 2023
Roku says 26% of its cash reserves are stuck in Silicon Valley Bank
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
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