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X Investors Have Lost $24 Billion Since Elon Musk Takeover In 2022: Report
When Elon Musk acquired X (then Twitter) in 2022 for $44 billion, he did so with the backing of a formidable group of investors, including Saudi Prince Alwaleed bin Talal, Twitter co-founder Jack Dorsey and leading Silicon Valley venture capital firm
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Intel Signs Microsoft as Foundry Customer; Says Firm on Track to Overtake Biggest Rival TSMC
Intel has signed Microsoft as a foundry customer for its 18A technology, the company said at an event. The chipmaker said it expects to beat its 2025 deadline to overtake TSMC in advanced chip manufacturing. The news of Intel's 14A technology is the first time the Silicon Valley company has given details of its plans beyond 2025.
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FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
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Opinion: Amazon, Google Scramble To Keep Pace With OpenAI Despite Huge AI Teams
Of all the questions that ChatGPT has raised about the future of artificial intelligence, one still reverberates through Silicon Valley: Why couldn't the industry's largest technology firms breed an innovative service with a similar kind of impact?
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US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
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SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
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TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
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TCS, Infosys Have Highest Exposure To US Regional Banks: Report
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.
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Crypto Players Left in Lurch as Signature Bank, SVB, Silvergate Collapses Shake Up Financial Market
The past week has witnessed the unbanking of the crypto sector in the US with three pro-crypto banks — Silvergate, Signature, and the Silicon Valley Bank — put an end to their operations. The shortage of cash as well as the pressure to keep their businesses afloat amid the ongoing financial market slump made the US authorities to step in and ta...
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Cryptocurrency Firm Circle's Operations Hit By Signature Bank Closure
Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday,
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Nazara Tech Subsidiaries Held Rs 64 crore In Collapsed Silicon Valley Bank
Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.
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Silicon Valley Bank Failure Rattles "Stable" Cryptocurrency USD Coin
The supposedly "stable" cryptocurrency USDC fell sharply after the firm that created it, Circle, announced it holds $3.3 billion in failed Silicon Valley Bank (SVB) and has dropped its peg to the dollar.
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Did Silicon Valley Bank Collapse Affect UK Banks? British Treasury's Reply
The problems of the failed SVB bank were "specific to the firm" and had no "implications for other banks operating in the UK," the British Treasury said Saturday.
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Tech CEOs Will Pay a Harsh Price for These Job Cuts
Big Tech layoffs have affected nearly every noteworthy firm in Silicon Valley with almost 100,000 positions eliminated this year. Tech workers might have taken the brunt of firings, but their counterparts in finance have begun to feel the pressure of the ongoing financial slowdown. Here's how the ongoing layoffs in the tech sector could hurt CEOs a...
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Davos 2023: What Silicon Valley CEO's Are Saying About ChatGPT-Style AI at the World Economic Forum
ChatGPT has taken the internet by storm ever since developer OpenAI decided to allow users to try out the service. At the World Economic Forum in Davos, the chatbot is set to receive a lot of attention, especially from CEOs of firms including Microsoft, Sony, Cloudflare, Palantir, and CarMax.
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X Investors Have Lost $24 Billion Since Elon Musk Takeover In 2022: Report
When Elon Musk acquired X (then Twitter) in 2022 for $44 billion, he did so with the backing of a formidable group of investors, including Saudi Prince Alwaleed bin Talal, Twitter co-founder Jack Dorsey and leading Silicon Valley venture capital firm
-
Intel Signs Microsoft as Foundry Customer; Says Firm on Track to Overtake Biggest Rival TSMC
Intel has signed Microsoft as a foundry customer for its 18A technology, the company said at an event. The chipmaker said it expects to beat its 2025 deadline to overtake TSMC in advanced chip manufacturing. The news of Intel's 14A technology is the first time the Silicon Valley company has given details of its plans beyond 2025.
-
FTX's Sam Bankman-Fried Could Be Planning to Blame Lawyers Who Helped Launch Firm in Criminal Case
Indicted FTX founder Sam Bankman-Fried's lawyers filed a motion on Tuesday asking for access to documents from Fenwick & West, the Silicon Valley law firm that represented FTX and sister hedge fund Alameda Research from the companies' inception through their collapse in November 2022.
-
Opinion: Amazon, Google Scramble To Keep Pace With OpenAI Despite Huge AI Teams
Of all the questions that ChatGPT has raised about the future of artificial intelligence, one still reverberates through Silicon Valley: Why couldn't the industry's largest technology firms breed an innovative service with a similar kind of impact?
-
US Firm Acquires Silicon Valley Bank After It Went Bankrupt
First Citizens BancShares Inc. agreed to buy Silicon Valley Bank which was seized by regulators following a run on the lender.
-
SVB Financial, Silicon Valley Bank Parent, Files For Bankruptcy Protection
The parent firm of US lender Silicon Valley Bank has filed for bankruptcy, nearly a week after US authorities swooped in and seized the bank's assets following a run on deposits, which made it no longer tenable.
-
TCS, Infosys Have Highest Exposure to US Regional Banks, Says JP Morgan After SVB Collapse
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at JP Morgan said on Friday.
-
TCS, Infosys Have Highest Exposure To US Regional Banks: Report
Top Indian information technology firms Tata Consultancy Services and Infosys have the highest exposure to regional banks in the United States that are gripped by a financial turmoil, analysts at J.P.Morgan said on Friday.
-
Crypto Players Left in Lurch as Signature Bank, SVB, Silvergate Collapses Shake Up Financial Market
The past week has witnessed the unbanking of the crypto sector in the US with three pro-crypto banks — Silvergate, Signature, and the Silicon Valley Bank — put an end to their operations. The shortage of cash as well as the pressure to keep their businesses afloat amid the ongoing financial market slump made the US authorities to step in and ta...
-
Cryptocurrency Firm Circle's Operations Hit By Signature Bank Closure
Circle, the company behind stablecoin USD Coin (USDC), plans to line up a new transaction banking partner with automated minting and redemption, possibly as early as Monday,
-
Nazara Tech Subsidiaries Held Rs 64 crore In Collapsed Silicon Valley Bank
Some Asian technology firms have disclosed cash deposits at troubled US lender Silicon Valley Bank, known for its deep ties with the sector, with most emphasizing the amounts were immaterial to their operations.
-
Silicon Valley Bank Failure Rattles "Stable" Cryptocurrency USD Coin
The supposedly "stable" cryptocurrency USDC fell sharply after the firm that created it, Circle, announced it holds $3.3 billion in failed Silicon Valley Bank (SVB) and has dropped its peg to the dollar.
-
Did Silicon Valley Bank Collapse Affect UK Banks? British Treasury's Reply
The problems of the failed SVB bank were "specific to the firm" and had no "implications for other banks operating in the UK," the British Treasury said Saturday.
-
Tech CEOs Will Pay a Harsh Price for These Job Cuts
Big Tech layoffs have affected nearly every noteworthy firm in Silicon Valley with almost 100,000 positions eliminated this year. Tech workers might have taken the brunt of firings, but their counterparts in finance have begun to feel the pressure of the ongoing financial slowdown. Here's how the ongoing layoffs in the tech sector could hurt CEOs a...
-
Davos 2023: What Silicon Valley CEO's Are Saying About ChatGPT-Style AI at the World Economic Forum
ChatGPT has taken the internet by storm ever since developer OpenAI decided to allow users to try out the service. At the World Economic Forum in Davos, the chatbot is set to receive a lot of attention, especially from CEOs of firms including Microsoft, Sony, Cloudflare, Palantir, and CarMax.
