What has replaced Silicon Valley Bank as start-ups’ favourite banker?:
ft.com/content/edc4bb8f-056f-4162-9398-1edb6f2931bf
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| Last Updated | Mar 08 |
| Total Articles | 3 |
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Bond Investors Seek Billions From SVB’s Husk as FDIC Fights Back: The dust had barely settled after Silicon Valley Bank’s collapse last year when savvy investors ...
bloomberg.com/news/articles/2024-04-26/investors-seek-billions-from-svb-s-husk-why-regulators-refuse-to-pay
Regulators Seize Republic First, a Troubled Philadelphia Bank: The relatively small bank, the first to fail this year, will have its deposits assumed by another ...
nytimes.com/2024/04/26/business/republic-first-bank-failure.html
JPMorgan's Jamie Dimon Has a Tech Rival: Silicon Valley Bank: JPMorgan and HSBC are among banks trying to capture the startup market, but the California ...
bloomberg.com/opinion/articles/2024-04-24/jpmorgan-s-jamie-dimon-has-a-tech-rival-silicon-valley-bank
Equities platform Midas raises $45M Series A as fintech retains its sparkle in Turkey
techcrunch.com/2024/04/19/equities-platform-midas-raises-45m-series-a-as-fintech-retains-its-sparkle-in-turkey/
Quick Glance: Midas Raises $45M in Series A Funding
- A fintech startup called Midas has successfully raised $45 million in a funding round led by Portage Ventures of Canada. This enables investors in Turkey to invest in US and Turkish equities.
- With over 2 million users in Turkey's retail market, Midas offers lower transaction and commission fees for Turkish customers. Additionally, the company provides financial content, real-time stock market data and news, as well as company profiles to educate the market.
- The new funding is intended to introduce three new products: cryptocurrency trading, mutual funds, and savings accounts. Midas plans to expand beyond Turkey and target countries in the MENA region.
- Other participants in the round included International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. Previously, Midas had already completed a $11 million seed round in 2022 and aims to strengthen its presence in the Turkish financial sector.
First Citizens beats profit estimates, says SVB business stabilized: First Citizens BancShares' first-quarter profit beat expectations as the lender earned ...
reuters.com/markets/us/svb-owner-first-citizens-profit-beats-estimates-interest-income-strength-2024-04-25/
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
Firebrand ex-Arm China CEO founds RISC-V processor startup: Allen Wu, former CEO of Arm China, founds RISC-V technology startup, set to rival Arm.
tomshardware.com/pc-components/cpus/firebrand-ex-arm-china-ceo-founds-risc-v-processor-startup
Commercial real estate foreclosures jumped 117% in March as trouble looms: A new report from ATTOM shows there were 625 U.S. commercial real estate foreclosures ...
foxbusiness.com/economy/commercial-real-estate-foreclosures-jumped-march-trouble-looms
Napa Valley is California’s wine barometer, an expensive one: Big corporations — and lots of tourists — are changing the West Coast’s most famous wine-growing ...
ft.com/content/15a3ed6f-60cc-4410-9e4e-b517387c932c
Tesla (TSLA), Meta And Other Earnings Will Test Stocks After Recent Selloff: Investors appear to be favoring value stocks over growth in the latest market ...
bloomberg.com/news/articles/2024-04-22/tesla-meta-and-other-earnings-will-test-stocks-after-recent-selloff
US regional banks seen booking more commercial property losses, loan sales
reuters.com/markets/us/us-regional-banks-seen-booking-more-commercial-property-losses-loan-sales-2024-04-17/
Less than half of U.S. banks ready to borrow from Fed in emergency: A year after Silicon Valley Bank's failure, less than half of U.S. banks have established ...
reuters.com/business/finance/less-than-half-us-banks-ready-borrow-fed-emergency-2024-04-12/
Citizens reports fast progress in building its private bank: The Providence, Rhode Island, company is having discussions with private wealth management teams ...
americanbanker.com/news/citizens-reports-fast-progress-in-building-its-private-bank
IAT: Caution Still Warranted On Regional Banks: Regional banks have seen a strong relief rally in recent months. Click here for a detailed analysis.
seekingalpha.com/article/4682612-iat-etf-caution-still-warranted-on-regional-banks
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US banks set for profits boost as expectations grow of fewer Fed rate cuts: Analysts say some lenders could lift their guidance when they report first-quarter ...
ft.com/content/7cc65126-7e6d-4af3-b9ed-5fbfbb825268
AI could be as consequential to the economy as electricity, says Jamie Dimon: Jamie Dimon believes artificial intelligence will have a huge impact on global ...
cnn.com/2024/04/08/investing/jamie-dimon-shareholder-letter-ai-future/
Quick Glance: Jamie Dimon warns of potentially prolonged high rates
- JPMorgan chief Jamie Dimon warns in his annual letter to investors of potentially prolonged higher inflation and interest rates due to high government spending.
- Dimon mentioned that the economy is being fueled by government deficit spending and past stimuli, which could lead to potentially stickier inflation and higher rates.
- Financial markets have significantly reduced their expectations for the number of expected rate cuts by the US Federal Reserve, with only two quarter-point cuts planned in 2024.
- Dimon also warns of the risks of the private credit market boom and emphasizes that regulations may increasingly focus on this market, warning of geopolitical risks due to events like Russia's invasion of Ukraine.
OpenAI bids for Japan business as it opens Tokyo office: Microsoft backed artificial intelligence startup OpenAI made a pitch for business in Japan on Monday as ...
reut.rs/3TXmsee
Co-working startup plans huge expansion of clubs in Atlanta, Nashville and other cities
ajc.com/news/business/switchyards-to-expand-co-working-clubs-in-atlanta-nashville-charlotte-and-other-cities/DDCXZWN5FZAF5EBIHPR6PT6EOQ/
Cullen/Frost Bankers profit falls 24%, still tops analyst estimates: Results again were impacted by a charge associated with replenishing a Federal Deposit ...
expressnews.com/business/article/cullen-frost-bankers-profit-falls-24-still-tops-19422768.php
Turkish startup ikas attracts $20M for its e-commerce platform designed for small businesses
techcrunch.com/2024/04/10/turkey-ikas-20m-fundraise/
'Net interest income' has Wall Street worried right now. Here's what it is and why it matters
qz.com/net-interest-income-nii-bank-earnings-fed-interest-rate-1851416810
Chinese EV startup Nio sets starting price for new version of ET7 sedan: Chinese electric vehicle (EV) startup Nio has set the starting price of the new version ...
reuters.com/business/autos-transportation/chinese-ev-startup-nio-sets-starting-price-new-version-et7-sedan-2024-04-25/
Neurotech startup Neurovalens gets FDA clearance for non-invasive anxiety treatment
techcrunch.com/2024/04/08/neurovalens-anxiety-fda/
What to expect from bank earnings as high interest rates pressure smaller players
cnbc.com/2024/04/11/bank-earnings-high-interest-rates-set-to-pressure-small-players.html
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
on.wsj.com/49Om1J0
What’s the cheapest way to the edge of space? Ride a balloon: Spanish startup HALO Space hopes to begin commercial flights to near-space in 2026 ...
cnn.com/2024/04/16/travel/halo-space-near-space-balloon-trip/
How Omsom's Founders Triumphed From SVB's Defeat--and 6 Other Stories of Courage Under Fire
inc.com/magazine/202404/jennifer-conrad/how-omsom-founders-triumphed-from-svbs-defeat-and-6-other-stories-of-courage-under-fire.html
AI talent wars have Big Tech CEOs recruiting and paying huge packages: CEOs like Mark Zuckerberg and Sam Altman are getting involved in AI recruiting as they ...
businessinsider.com/ai-talent-wars-big-tech-ceos-recruiting-paying-huge-packages-2024-4
Quick Glance: AI Revolutionizing Call Centers: TCS Insights
- The head of Tata Consultancy Services predicts chatbots will reduce the need for human call center agents significantly, revolutionizing the industry.
- TCS's generative AI projects have doubled in value to $900 million by March, highlighting the increasing demand for tech talent and the need for workforce training.
- Reports suggest that overall IT services growth is affected by global uncertainties like inflation, war, and elections, leading to a decline in spending and slower revenue growth for companies like TCS and Infosys.
- Infosys anticipates a modest 1-3% sales growth in the upcoming financial year due to customers delaying discretionary spending on new tech projects amidst the current economic climate.
Meta's AI annoys, Microsoft and Amazon under scrutiny, banks go all-in: AI news roundup
qz.com/ai-news-meta-microsoft-amazon-nvidia-banks-sam-altman-1851436206
AI talent wars have Big Tech CEOs recruiting and paying huge packages: CEOs like Mark Zuckerberg and Sam Altman are getting involved in AI recruiting as they ...
businessinsider.com/ai-talent-wars-big-tech-ceos-recruiting-paying-huge-packages-2024-4
Microsoft cloud growth accelerates on back of AI push: Microsoft saw a pickup in the segment containing video games after buying publisher Activision Blizzard in ...
cnbc.com/2024/04/25/microsoft-msft-q3-earnings-2024.html
Here’s another reason why 2024 could be the “year of AI” for Apple : Industry experts such as Bloomberg's Mark Gurman explains that Apple's LLM will ...
financialexpress.com/life/technology-heres-another-reason-why-2024-could-be-the-year-of-ai-for-applenbsp-3467412/
Self belief: I always knew I was built to be an entrepreneur : Eutycus Mwenda is the founder of Milestones Supplies, a fuel depot in Meru town.
nation.africa/kenya/life-and-style/mynetwork/self-belief-i-always-knew-i-was-built-to-be-an-entrepreneur--4593622
'Buy Bitcoin' Sign Sold for Over $1M at Auction: Proceeds will go to fund the development of Bitcoin layer-2 lightning startup Tirrel Corp.
coindesk.com/business/2024/04/25/buy-bitcoin-sign-sold-for-over-1m-at-auction/
A Nvidia-backed startup just unveiled AI avatars that can express human emotions: Synthesia introduced its fourth-generation "Expressive Avatars ...
qz.com/synthesia-introduces-ai-avatars-human-expression-nvidia-1851434555
Microsoft-backed Rubrik prices US IPO above range at $32/shr: Rubrik , the cybersecurity software startup that counts Microsoft among its investors ...
reuters.com/markets/deals/microsoft-backed-rubrik-prices-ipo-above-range-32-per-share-source-says-2024-04-24/
Nvidia acquires AI workload management startup Run:ai for $700M, sources say: Nvidia is acquiring Run:ai, a Tel Aviv-based company that makes it easier for ...
techcrunch.com/2024/04/24/nvidia-acquires-ai-workload-management-startup-runai/
German AI start-ups are booming - and still lag behind: Last year, two-thirds more AI start-ups were created in Germany than in the previous year ...
faz.net/aktuell/wirtschaft/unternehmen/deutsche-ki-start-ups-boomen-und-haengen-trotzdem-hinterher-19675006.html
Swiggy, the Indian food delivery giant, seeks $1.25 billion in IPO after receiving shareholder approval
techcrunch.com/2024/04/24/india-swiggy-secures-shareholder-approval-for-1-2-billion-ipo/
Start-ups face more tax heat, to move court: In September last year, the tax department notified five valuation methods for capital infused in Indian unlisted ...
financialexpress.com/business/sme-start-ups-face-more-tax-heat-to-move-court-3469814/
Exclusive: AI startup Edia guarantees better math outcomes for school districts within one year
venturebeat.com/ai/exclusive-ai-startup-edia-guarantees-better-math-outcomes-for-school-districts-within-one-year/
Chemie Leipzig and Babelsberg serve heavy food: Match report for the game BSG Chemie Leipzig - SV Babelsberg 03
kicker.de/chemie-leipzig-gegen-babelsberg-2024-regionalliga-nordost-4864924/spielbericht
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
techcrunch.com/2024/04/24/xaira-an-ai-drug-discovery-startup-launches-with-a-massive-1b-says-its-ready-to-start-developing-drugs/
Soros family fund among investors in Japan electricity exchange startup: TOKYO -- A group of 17 trading, power and gas companies, as well as Soros Capital ...
asia.nikkei.com/Business/Energy/Soros-family-fund-among-investors-in-Japan-electricity-exchange-startup
Ex-NSA hacker and ex-Apple researcher launch startup to protect Apple devices: Two veteran security experts are launching a startup that aims to help other ...
techcrunch.com/2024/04/25/ex-nsa-ex-apple-researcher-doubleyou/
Trump Media Ropes In Congress to Pursue Claims of Illegal Shorts: Donald Trump’s social media startup publicized a letter to the heads of various US House of ...
bloomberg.com/news/articles/2024-04-24/trump-media-ropes-in-congress-to-pursue-claims-of-illegal-shorts
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Espresso without the beans: What's inside Atomos new coffee alternative: As Americans drink record-breaking amounts of coffee, one food startup offers ...
axios.com/2024/04/22/bean-free-espresso-coffee-atomo-earth-day
RTL Group: The media value is cheaper on Thursday, but...: RTL Deutschland takes over Nickelodeon from Paramount. After the dividend discount ...
deraktionaer.de/artikel/medien-ittk-technologie/rtl-group-am-donnerstag-gibt-es-den-medien-wert-guenstiger-aber-20356035.html
Arms start-up from Bavaria: The German who builds drones for Ukraine: Florian Seibel actually wanted to sell drones for sustainable agriculture ...
spiegel.de/wirtschaft/unternehmen/ukraine-krieg-wie-ein-klima-start-up-mit-drohnen-die-ruestungsbranche-aufmischt-a-52778f62-9760-4b80-940e-b2bb62640560
Exclusive: VC firm Redesign Health looks to raise $250 million: Health startup investor and accelerator Redesign Health is targeting a fresh $250 million raise ...
businessinsider.com/exclusive-vc-firm-redesign-health-raise-250-million-2024-4
Japan startup reveals 'world's first' close-up space debris image: Japanese space company Astroscale Holdings Inc. on Friday unveiled what it calls the world's ...
news.abs-cbn.com/world/2024/4/27/japan-startup-reveals-world-s-first-close-up-space-debris-image-1010
This exoskeleton can boost your physical capabilities: A new generation of lightweight exoskeletons will enable long-distance walkers, hikers and sports ...
thestar.com.my/tech/tech-news/2024/04/27/this-exoskeleton-can-boost-your-physical-capabilities
Paris startup adds 'universal compute' weapon to France's growing AI arsenal: A startup promising “universal AI compute” has joined France’s thriving artificial ...
thenextweb.com/news/flexai-universal-ai-compute-french-ai-sector
Trump Set for Another $1.3 Billion in Shares He Can’t Sell Yet: The blank-check deal that brought Donald Trump’s media startup public is set to give him another ...
bloomberg.com/news/articles/2024-04-23/trump-set-for-another-1-3-billion-in-shares-he-can-t-sell-yet
Paid articlePaid Struggling EV startup Fisker says 4 companies are in talks to buy it: Nissan was reportedly in negotiations to give Fisker $400 million, but that apparently fell ...
qz.com/fisker-ev-startup-buyout-1851439590
water polo - Home game premiere for SV Bietigheim: With the start of the outdoor pool season, SV Bietigheim can also play games at home ...
bietigheimerzeitung.de/inhalt.wasserball-heimspielpremiere-fuer-den-sv-bietigheim.4cc23e1e-9cdd-403f-88e3-83987398d266.html
Sustainability and agrifood sectors fuel Singapore startup growth: Sustainability and agrifood sectors are leading Singapore's startup ecosystem ...
sbr.com.sg/markets-investing/in-focus/sustainability-and-agrifood-sectors-fuel-singapore-startup-growth
This week in Dutch tech: Hallo, Netherlands! Welcome to TNW's first weekly round-up of tech news from our glorious home country.
As we count down to TNW ...
thenextweb.com/news/this-week-in-dutch-tech-news
Perplexity is raising $250M+ at a $2.5B-$3B valuation for its AI search platform, sources say
techcrunch.com/2024/04/23/perplexity-is-raising-250m-at-2-point-5-3b-valuation-ai-search-sources-say/
DeepL launches AI writing assistant for businesses trained on its own LLM: DeepL, which has been rivalling machine translation giants such as Google Translate ...
thenextweb.com/news/deepl-ai-writing-assistant-businesses
This solar-building robot is designed to solve one of the industry’s biggest problems
fastcompany.com/91108331/these-solar-assembling-robotic-arms-could-solve-one-of-the-industrys-biggest-problems
Startups Weekly: Is the wind going out of the AI sails?: Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups ...
techcrunch.com/2024/04/19/startups-weekly-are-we-over-ai/
NYSE mulls 24-hour trading — a move Steve Cohen may welcome: The NYSE has polled market participants about the merits of round-the-clock trading ...
businessinsider.com/new-york-stock-exchange-24-hour-trading-steve-cohen-startup-2024-4
Google-backed Glance pilots Android lockscreen platform in US: Glance, which operates a popular lockscreen platform targeting Android smartphones ...
techcrunch.com/2024/04/23/india-glance-pilots-android-lockscreen-platform-in-us/
Augsburg: Innovations from Augsburg: What convinces local start-ups: They invent cooling systems for quantum computers or AI-based health monitoring for cows: ...
augsburger-allgemeine.de/augsburg/augsburg-innovationen-aus-augsburg-womit-ortsansaessige-start-ups-ueberzeugen-id70289321.html
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Elizabeth Warren reelection: Republican Ian Cain enters Senate race: The first Black and openly gay City Council president in Quincy’s history ...
bostonglobe.com/2024/04/24/nation/quincy-ian-cain-us-senate-elizabeth-warren/
Fisker plans more layoffs as cash dwindles and bankruptcy looms: Fisker says it’s planning more layoffs less than two months after cutting 15% of its workforce ...
techcrunch.com/2024/04/23/fisker-more-layoffs-bankruptcy-ocean-suv/
a16z Crypto recommends startup founders ‘never publicly sell tokens’ in US: Due to a lack of proper crypto regulations, many startups are avoiding issuing tokens ...
cointelegraph.com/news/a16z-crypto-recommends-startup-founders-never-publicly-sell-tokens-us
World-first satellites for commercial science set for launch in 2025: A British startup aims to launch science satellites into space in 2025 after raising a ...
thenextweb.com/news/blue-skies-space-science-satellites-launch-2025
Malaysia plans South-East Asia’s largest integrated circuit design park: Malaysia plans to build South-East Asia's largest integrated circuit design park ...
thestar.com.my/tech/tech-news/2024/04/22/malaysia-plans-south-east-asias-largest-integrated-circuit-design-park
Malaysia rolls out 'Golden Pass' to lure unicorns and VC firms: KUALA LUMPUR -- Malaysia has rolled out new incentive packages to attract the world's ...
asia.nikkei.com/Business/Startups/Malaysia-rolls-out-Golden-Pass-to-lure-unicorns-and-VC-firms
Defense startup True Anomaly lays off around 25%, cancels summer internship: Space and defense startup True Anomaly has laid off around 25% of its workforce and ...
techcrunch.com/2024/04/25/defense-space-startup-true-anomaly-layoffs-cancels-internship/
Regulatory structure all too powerful: Most sectors have more than a hundred bodies empowered to summon, block, or stop business. There’s not one for ...
financialexpress.com/opinion/regulatory-structure-all-too-powerful/3465195/
Turkish startup Getir mulls sale of shopping platform n11: Sources: Turkish fast delivery company Getir is purportedly considering the sale of online shopping ...
dailysabah.com/business/transportation/turkish-startup-getir-mulls-sale-of-shopping-platform-n11-sources
This biotech startup got the biggest venture capital deal in San Diego so far this year
sandiegouniontribune.com/business/story/2024-04-25/this-biotech-startup-got-the-biggest-venture-capital-deal-in-san-diego-so-far-this-year
Speaker applications close tomorrow for TechCrunch Disrupt 2024: Hurry up! Our Call for Content ends tomorrow, April 26 at 11:59 p.m. PT. If you’re a startup ...
techcrunch.com/2024/04/25/speaker-applications-close-tomorrow-for-techcrunch-disrupt-2024/
Chilean instant payments API startup Fintoc raises $7 million to turn Mexico into its main market
techcrunch.com/2024/04/25/fintoc-a2a-payments-chile-mexico/
AI Is Transforming Drug Matching for Cancer, Rare Diseases — Here's How: Pharmaceutical startup Transcripta Bio uses AI to match existing medications to new ...
entrepreneur.com/business-news/ai-is-transforming-drug-matching-for-cancer-rare-diseases/473196
Salesforce has a new Germany boss: After long-time Germany boss Joachim Schreiner left in autumn 2023, Alexander Wallner is now taking over Salesforce's business ...
computerwoche.de/a/salesforce-hat-neuen-deutschland-chef,3698666
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