Breaking News: Technology
Startups scramble to meet up with payroll, fork out bills following SVB’s swift collapse
Key Points Tech firms that held deposits at SVB are thinking when they’re going to be capable to pay back workers and their charges immediately after the bank’s collapsed. The FDIC was named the receiver of Silicon Valley Lender on Friday following the bank was closed by California regulators. “The variety one particular concern is, […]
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Silicon Valley traders and founders express shock, explain struggles to get funds out of SVB
Essential Factors As Silicon Valley Lender was shuttered by the FDIC on Friday, traders and companies with funds locked up expressed dismay at how it went down. Several enterprise capitalists likened collapse is akin to a Twitter-led financial institution operate, centered far more on unjustified anxiety than reality. Investors ended up urging their portfolio companies […]
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Meet the brothers building massive spacecraft to leverage SpaceX’s Starship
Cofounders and brothers Karan Kunjur, left, and Neel Kunjur. K2 Space A pair of brothers is aiming to challenge the way spacecraft are built, by going against the industry trend and designing massive satellites in a bet that towering rockets such as SpaceX’s Starship are the way forward. Los Angeles-based startup K2 Space, co-founded by […]
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Astra investigating ‘potential illegal short selling’ as delisting deadline looms
Astra CEO Chris Kemp speaks inside the company’s headquarters during the company’s “Spacetech Day” on May 12, 2022. Brady Kenniston / Astra Spacecraft engine manufacturer and small rocket builder Astra announced on Friday that the company is investigating “potential illegal short selling” among shareholders of its common stock. The company said it hired financial software […]
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Oracle shares sink practically 5% following 3rd-quarter income miss
Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Photos Oracle shares dropped virtually 5% after the company tech big noted its economical results for its 2023 fiscal 3rd quarter. This is how the […]
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Biden budget seeks $27.2 billion for NASA, with increases for moon and Mars programs
Vice President Kamala Harris meets with NASA astronauts Shannon Walker and Joe Acaba at Kennedy Space Center in Florida during a tour on Aug. 29, 2022. Bill Ingalls / NASA President Joe Biden is seeking to increase the budget for the National Aeronautics and Space Administration to $27.2 billion next year, according to a proposed […]
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Silvergate shutting down functions and liquidating lender
Omar Marques | Lightrocket | Getty Images Silvergate Money announced on Wednesday that it will wind down functions and liquidate Silvergate Lender. The firm’s stock is down far more than 25% in following-hrs trading. Silvergate is just one of the two major crypto banking giants. The other is the New York-primarily based Signature Financial institution […]
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Watch Relativity attempt the first launch of its 3D-printed rocket Terran 1
[The company’s livestream is slated to begin at noon ET. Please refresh the page if you do not see the video player above.] 3D-printing specialist Relativity Space is attempting its first rocket launch on Wednesday, a mission that marks the most significant test yet of the company’s ambitious manufacturing approach. The company’s Terran 1 rocket […]
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ChatGPT is getting utilised to quickly generate email messages: Microsoft, Salesforce, and TikTok creators are hopping on the pattern
Jakub Porzycki | Nurphoto | Getty Images AI chatbots are already being applied to send tailor made electronic mail pitches. It exhibits how AI like ChatGPT may possibly shortly enjoy a sizeable function in business enterprise, with corporations like Salesforce and Microsoft starting to provide tighter integration concerning the chatbot and their program. A new […]
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White House endorses new Senate TikTok bill, urges Congress to go it ‘quickly’
U.S. Senator Mark Warner (D-VA) and other U.S. senators unveil legislation that would permit the Biden administration to “ban or prohibit” foreign know-how goods these types of as the Chinese-owned movie application TikTok during a information meeting on Capitol Hill in Washington, March 7, 2023. Bonnie Funds | Reuters The White House threw its help […]
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