Tuesday, March 14, 2023

SVB crisis: regret and blame in Silicon Valley after bank run

SVB, which was founded in the 1980s, claimed that "nearly half" of US technology and life science startups banked with them for a wide range of services, but mainly to park cash handed to them by their venture capitalist backers to operate.

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

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...