Elon Musk warned of civilizational risks posed by artificial intelligence. Sundar Pichai of Google highlighted the technology’s potential to solve health and energy problems. And Mark Zuckerberg of Meta stressed the importance of open and transparent A.I. systems. The tech titans held forth on Wednesday in a three-hour meeting with …
Read More »Start-Ups Bring Silicon Valley Ethos to a Lumbering Military-Industrial Complex
Small, fast-moving U.S. tech firms are using the war in Ukraine to demonstrate a new generation of military systems but face the challenge of selling them to a risk-averse Defense Department.
Read More »Silicon Valley Bank collapse renews calls to address disparities impacting entrepreneurs of color | CNN Business
CNN — When customers at Silicon Valley Bank rushed to withdraw billions of dollars last month, venture capitalist Arlan Hamilton stepped in to help some of the founders of color who panicked about losing access to payroll funds. As a Black woman with nearly 10 years of business experience, Hamilton …
Read More »Trump Weakened Regulations Then Silicon Valley Bank Collapsed
Banking experts are pointing out that Silicon Valley Bank might have been able to handle interest rate pressures if Trump and congressional Republicans hadn’t rolled back Dodd-Frank banking regulations. The New York Times reported:Some banking experts on Friday pointed out that a bank as large as Silicon Valley Bank might …
Read More »Silicon Valley Bank seized by FDIC as depositors pull cash
The bank failed after depositors – mostly technology workers and venture capital-backed companies – created a run on it. The Federal Deposit Insurance Corporation seized the assets of Silicon Valley Bank on Friday, marking the largest bank failure since Washington Mutual during the height of the 2008 financial crisis. The …
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