Sunday, March 12, 2023

Silicon Valley Bank collapse: top developments so far

Silicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a California regulator triggering panic within the startup ecosystem.

from Tech-Economic Times https://ift.tt/IM7kLxy

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OpenAI set to raise about $10 billion from MGX, Coatue, Thrive

OpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backer...