Technology
SVB fallout unlikely to have an effect on fundraising for Southeast Asia startups, enterprise capitalists say
SANTA CLARA, CA, US – MARCH 13: Individuals wait exterior the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds immediately after the federal govt intervened upon the bank’s collapse, on March 13, 2023. (Photograph by Nikolas Liepins/Anadolu Agency through Getty Photographs) Nikolas Liepins | Anadolu Agency | Getty Images The collapse of […]
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‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Financial institution fallout could drive new sector small
Speedy Cash ‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Financial institution fallout could power new market place low Revealed Mon, Mar 13 20238:34 PM EDTUpdated An Hour Ago Stephanie Landsman@stephlandsman Watch Stay Source
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Uber and Lyft shares increase just after California court victory lets them classify motorists as contractors
App-based mostly gig employee Jesus Barra stands on his auto all through a demonstration exterior Los Angeles Town Corridor to urge voters to vote no on Proposition 22, a November ballot evaluate that would classify application-based mostly motorists as unbiased contractors and not workforce or brokers, in Los Angeles, California, U.S., Oct 8, 2020. Mike […]
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GitLab loses a person-3rd of its value just after software program organization issues weak income forecast
Individuals rejoice the Gitlab IPO at the Nasdaq, Oct 14, 2021. Source: Nasdaq GitLab shares plunged as substantially as 38% in extended trading right after the provider of resource code management computer software gave entire-12 months income steerage that fell short of anticipations. Here is how the enterprise did: Earnings: Reduction of 3 cents per […]
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SVB crisis exhibits Fed demands to gradual down or a ‘lot additional stuff is likely to split,’ Altimeter’s Gerstner says
As the fallout from Silicon Valley Lender‘s failure carries on to unfold, the Federal Reserve needs to slow down right before “a good deal more stuff” breaks, Altimeter Capital’s Brad Gerstner instructed CNBC’s Halftime Report Monday. Gerstner said he was not “pointing fingers” at Fed Chair Jerome Powell. But Gerstner explained that there would be […]
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SpaceX says it will test Starlink’s satellite-to-cell service with T-Mobile this year
Sopa Images | Lightrocket | Getty Images WASHINGTON — SpaceX plans to begin testing its Starlink satellite-to-cell service with T-Mobile this year, an executive of Elon Musk’s company said on Monday. “We’re going to learn a lot by doing — not necessarily by overanalyzing — and getting out there,” Jonathan Hofeller, SpaceX vice president of […]
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Why regulators seized Signature Bank in 3rd-most important financial institution failure in U.S. historical past
Key Details On Friday, Signature Financial institution prospects spooked by the sudden collapse of Silicon Valley Financial institution withdrew additional than $10 billion in deposits, a board member informed CNBC. That operate on deposits quickly led to the third-biggest bank failure in U.S. record. Regulators declared late Sunday that Signature was remaining taken above to […]
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Neuralink competitor Science launches new platform to speed up healthcare product innovation
A Science employee at get the job done in the lab. Courtesy: Science Company Biotechnology startup and Neuralink competitor Science on Monday released a new platform that aims to make it much easier for other organizations to quickly acquire and develop professional medical gadgets. The system, identified as Science Foundry, lets organizations to use and […]
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Silver Lake and CPP Investments to obtain Qualtrics for $12.5 billion
Signage in entrance of Qualtrics Worldwide Inc. headquarters in Provo, Utah, U.S., on Monday, Jan. 11, 2021. George Frey | Bloomberg | Getty Images Silver Lake and CPP Investments on Monday announced options to acquire Qualtrics for $12.5 billion, marking the 2nd time the survey program company has been bought in much less than 5 […]
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ChatGPT and Generative AI are booming, but at a very expensive price
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 […]
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