An employee gets into his car after arriving to work to a shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images News | Getty Images The collapse of Silicon Valley Bank was a “Lehman moment” for the technology industry, according to a top Goldman Sachs
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Misalignment Museum curator Audrey Kim discusses a work at the exhibit titled “Spambots.” Kif Leswing/CNBC Audrey Kim is pretty sure a powerful robot isn’t going to harvest resources from her body to fulfill its goals. But she’s taking the possibility seriously. “On the record: I think it’s highly unlikely that AI will extract my atoms
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Velib bicycles are parked in front of the the U.S. computer and micro-computing company headquarters Microsoft on January 25, 2023 in Issy-les-Moulineaux, France. Chesnot | Getty Images Microsoft‘s speech recognition subsidiary Nuance Communications on Monday announced Dragon Ambient eXperience (DAX) Express, a clinical notes application
ChartHop CEO Ian White ChartHop ChartHop CEO Ian White breathed a major sigh of relief in late January after his cloud software startup raised a $20 million funding round. He’d started the process six months earlier during a brutal period for tech stocks and a plunge in venture funding. For ChartHop’s prior round in 2021,
The TikTok logo is displayed outside TikTok social media app company offices in Culver City, California, on March 16, 2023. Patrick T. Fallon | AFP | Getty Images TikTok is at risk of being banned in the U.S. if Chinese parent ByteDance won’t sell its stake. Millions of Americans who use the popular video app
Former Theranos CEO Elizabeth Holmes (C) arrives at federal court with her mother Noel Holmes (L) and father Christian Holmes on September 01, 2022 in San Jose, California. Justin Sullivan | Getty Images Elizabeth Holmes hasn’t paid back over $25 million to creditors of her former Theranos company as she tries to delay her 11-year
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Former U.S. President Donald Trump delivers remarks on education as he holds a campaign rally with supporters, in Davenport, Iowa, U.S. March 13, 2023. Jonathan Ernst | Reuters Google-owned YouTube will allow former President Donald Trump’s account to post new videos as of Friday, lifting
In this article GOOGL Follow your favorite stocksCREATE FREE ACCOUNT A man walks through Google offices on January 25, 2023 in New York City. Leonardo Munoz | Corbis News | Getty Images Google is indicating to ex-staffers, who got laid off while on maternity and medical leave, that they won’t get paid for all of
In this article GOOG Follow your favorite stocksCREATE FREE ACCOUNT Silhouettes of laptop and mobile device users are seen next to a screen projection of the YouTube logo. Dado Ruvic | Reuters Google announced a price increase for its YouTube TV subscription on Thursday. It’s rising from $65 per month to $73 per month starting
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Microsoft CEO Satya Nadella speaks at the company’s Ignite Spotlight event in Seoul on Nov. 15, 2022. SeongJoon Cho | Bloomberg | Getty Images Thanks to recent advances in artificial intelligence, new tools like ChatGPT are wowing consumers with their ability to create compelling writing
Washington asked TikTok’s Chinese parent company ByteDance to divest its stake in the short video app or face a possible ban in the U.S., CNBC has confirmed. TikTok spokesperson Brooke Oberwetter told Reuters that the company had recently heard from the U.S. Committee on Foreign Investment in the United States (CFIUS). The committee told ByteDance to
A Silicon Valley Bank worker talks with people lining up outside of the bank office on March 13, 2023 in Santa Clara, California. Justin Sullivan | Getty Images After turning on CNBC last Thursday to see SVB’s stock price getting hammered and news of venture firms urging startups to hit the exits, EarthOptics CEO Lars
In this article META Follow your favorite stocksCREATE FREE ACCOUNT Meta will lay off 10,000 more workers and incur restructuring costs ranging from $3 billion to $5 billion, the company announced Tuesday, with CEO Mark Zuckerberg warning economic instability could continue for “many years.” Meta shares closed up 7% on Tuesday. “Here’s the timeline you
In this article MSFT Follow your favorite stocksCREATE FREE ACCOUNT Sam Altman, CEO of OpenAI, walks from lunch during the Allen & Company Sun Valley Conference on July 6, 2022, in Sun Valley, Idaho. Kevin Dietsch | Getty Images News | Getty Images OpenAI announced the latest version of its primary large language model, GPT-4,
People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images The collapse of U.S.-based Silicon Valley Bank is unlikely to hit fundraising for tech startups in Southeast Asia, venture
OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. Jason Redmond | AFP | Getty Images Before OpenAI’s ChatGPT emerged and captured the world’s attention for its ability to create compelling sentences, a small startup called Latitude was wowing consumers with
In this article USDC.CM= Follow your favorite stocksCREATE FREE ACCOUNT In this photo illustration, a woman holds a smartphone with the USD Coin (USDC) logo displayed on the screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images USD Coin (USDC) came close to regaining its dollar peg on Monday after Circle, which issues
In this article SBNY SIVB Follow your favorite stocksCREATE FREE ACCOUNT A man walks by the headquarters of Silicon Valley Bank on March 10, 2023 in Santa Clara, California. Liu Guanguan | Getty Images Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank, a critical step in stemming a
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Tech founders and execs were undeterred by the inclement weather on Friday, as they crowded the doors of Silicon Valley Bank locations across the Bay Area,
In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank to
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