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First Citizens stock price surges after Silicon Valley Bank deal: Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880 ...
markets.businessinsider.com/news/stocks/first-citizens-stock-price-silicon-valley-bank-svb-deal-news-2023-3
Stock market news today: Regional banks rally on SVB deal: First Citizens has bought more than 20 other firms since 2008, and it now owns 17 branches of Silicon ...
markets.businessinsider.com/news/stocks/stock-market-news-today-regional-lenders-rally-svb-deal-citizens-2023-3
SVB's failure will cost FDIC's private insurance fund $20 billion: The FDIC's Deposit Insurance Fund balance stood at $128.2 billion as of late 2022.
markets.businessinsider.com/news/stocks/svb-failure-cost-fdic-private-insurance-fund-20-billion-2023-3
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First Citizens stock price surges after Silicon Valley Bank deal: Shares of the Raleigh, North Carolina-based bank hit an intraday high of over $880 ...
markets.businessinsider.com/news/stocks/first-citizens-stock-price-silicon-valley-bank-svb-deal-news-2023-3
Stock market news today: Regional banks rally on SVB deal: First Citizens has bought more than 20 other firms since 2008, and it now owns 17 branches of Silicon ...
markets.businessinsider.com/news/stocks/stock-market-news-today-regional-lenders-rally-svb-deal-citizens-2023-3
SVB's failure will cost FDIC's private insurance fund $20 billion: The FDIC's Deposit Insurance Fund balance stood at $128.2 billion as of late 2022.
markets.businessinsider.com/news/stocks/svb-failure-cost-fdic-private-insurance-fund-20-billion-2023-3
What Congress Should Ask Regulators in SVB’s Aftermath: Some lawmakers blame a bipartisan 2018 reform law for the bank’s collapse. That’s so nonsensical ...
wsj.com/articles/queries-for-congress-silicon-valley-bank-cleanup-fdic-fed-fiscal-policy-interest-rate-risk-2018-8f48edc7
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'The Billionaire Bailout': FDIC Chair Says the Biggest Deposit Accounts at SVB Held $13 Billion
commondreams.org/news/billionaire-bailout-fdic-svb
What Ordinary Investors Can Learn From Recent Bank Failures: Turns out, banks fail fairly routinely. Here's what investors can learn from the most recent ...
forbes.com/sites/nataliecolley/2023/03/26/what-ordinary-investors-can-learn-from-bank-failures/
Consider yourself lucky if your small business worked with Silicon Valley Bank: Yes, there were some scary moments, it was poorly regulated and your bank failed ...
theguardian.com/business/2023/mar/26/silicon-valley-bank-us-small-businesses
What First Citizens Didn't Pay for Silicon Valley Bank: Hi, it’s Matthew Monks in New York, delving into the small print on First Citizens’ takeover of SVB ...
bloomberg.com/news/newsletters/2023-03-27/how-much-did-first-citizens-pay-for-silicon-valley-bank
FDIC Is Probing Management’s Conduct in SVB, Signature Bank Failures: A top US banking regulator has launched investigations into managers’ conduct in the ...
bloomberg.com/news/articles/2023-03-27/fdic-probing-management-conduct-in-svb-signature-bank-failures
The Fed’s Role in the Bank Failures | by Raghuram G. Rajan & Viral V. Acharya - Project Syndicate
project-syndicate.org/commentary/federal-reserve-qe-role-in-svb-signature-bank-failures-by-raghuram-rajan-and-viral-acharya-2023-03
Analysis: US bank trading and deposits in focus after rollercoaster month: As U.S. banks prepare to close the books on a tumultuous quarter, analysts say trading ...
reuters.com/business/finance/us-bank-trading-deposits-focus-after-rollercoaster-month-2023-03-27/
Silicon Valley was fastest bank collapse in nearly 30 years, says Bank of England governor – video
theguardian.com/business/video/2023/mar/28/silicon-valley-was-fastest-bank-collapse-in-nearly-30-years-says-bank-of-england-governor-video
What Does Silicon Valley Bank’s Collapse Mean for Canadians?: The collapse of SVB is sending shockwaves across the tech and banking industry ...
canadianbusiness.com/ideas/svb-collapse-what-happened/
Bank runs and resolutions: The collapse of Silicon Valley Bank and the swift intervention by the US authorities hold lessons for India - to complete the ...
business-standard.com/opinion/columns/bank-runs-and-resolutions-123032801300_1.html
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Bank crisis: SVB loaned insiders record $219 million as troubles built: In the lead-up to Silicon Valley Bank's failure, directors and other insiders borrowed a ...
markets.businessinsider.com/news/stocks/banking-crisis-svb-loans-insiders-tripled-record-silicon-valley-bank-2023-3
Why some Silicon Valley CEOs don't blame SVB for its crash: 'I still fundamentally believe' nothing was 'wrong with the bank'
cnbc.com/2023/03/23/why-some-silicon-valley-ceos-dont-blame-svb-for-its-crash.html
SVB employee explains his disappointment and anger with the company: An SVB employee shared what it was like inside the bank's downfall and why it was extra ...
businessinsider.com/svb-employee-explains-disappointment-anger-with-the-company-2023-3
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Silicon Valley Banks loans to insiders tripled to $219 mn before it failed: The surge in loans to highup figures may draw scrutiny as the Federal Reserve and ...
business-standard.com/article/international/silicon-valley-bank-s-loans-to-insiders-tripled-to-219-mn-before-it-failed-123032200124_1.html
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/
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
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/
Bank Stress From Empty Offices a ‘Slow Moving Train,’ Barr Says: The Federal Reserve’s Michael Barr warned that banks are likely to continue to face stress from ...
bloomberg.com/news/articles/2024-04-03/bank-stress-from-empty-offices-a-slow-moving-train-barr-says
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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
'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
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
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/
Canoo reveals it paid for CEO’s jet, AT&T leaks records and X announces NSFW plans
techcrunch.com/2024/04/06/canoo-reveals-it-paid-for-ceos-jet-att-leaks-records-and-x-announces-nsfw-plans/
Rivian (RIVN) hits a milestone after its 100,000th EV rolls off the production line
electrek.co/2024/04/03/rivian-rivn-100000th-ev/
Coinbase partner ClearBank posts first full-year of profit as revenue almost doubles
cnbc.com/2024/04/04/coinbase-partner-clearbank-posts-first-full-year-of-profit.html
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
When it comes to building startups in Boston, success begets success: Boston has a long history of startups, fueled by the many colleges in the area ...
techcrunch.com/2024/04/06/when-it-comes-to-building-startups-in-boston-success-begets-success/
Ibotta goes public today. We spoke to its CEO about riding the tech IPO wave: Ibotta founder and CEO Bryan Leach on why it's going public now and its AI ...
qz.com/ibotta-ipo-ceo-bryan-leach-interview-ai-walmart-1851416943
Mystery about Bayer Leverkusen: Why do the fans sing SVB?: During Bayer Leverkusen's championship, the abbreviation SVB could be read again and again ...
rnd.de/sport/raetsel-um-bayer-leverkusen-warum-singen-die-fans-svb-UYOJKDSV4JHD5PBYE7SH24FFWA.html
Trump Media (DJT) Plunges After Registering Shares, Warrants for Sale: Donald Trump’s social media startup tumbled on Monday, extending a two-week slump ...
bloomberg.com/news/articles/2024-04-15/trump-media-plunges-after-registering-shares-warrants-for-sale
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Quick Glance: A Swift Tech-Stock Bubble and Burst in Three Weeks
- The value proposition of buying shares of Truth Social's parent company revolves around Donald Trump's ability to make you wealthy, a unique focus.
- Trump's history of promising financial gains extends to the realm of Truth Social stock, which currently presents a stark contrast.
- The current trajectory of Trump's stock value compared to its initial rise creates a tech-stock bubble phenomenon.
- Examining what Truth Social offers without the Trump factor reveals its foundation as a social network built on Mastodon, lacking technical uniqueness.
"German champion SVB": With a record series to the title | Bayer04.de: At last! For the 120th birthday, the championship! The moments surrounding the final ...
bayer04.de/de-de/news/bundesliga/deutscher-meister-svb-mit-rekordserie-zum-titel
Fintech startup Ramp raises $150 million as valuation recovers: Ramp, a developer of finance and expense management software for companies ...
reuters.com/technology/fintech-startup-ramp-raises-150-million-valuation-recovers-2024-04-17/
Citadel-Backed Prime Brokerage in Talks to Raise Fresh Capital - Bloomberg: A startup prime brokerage backed by Citadel Securities is the latest firm looking to ...
bloomberg.com/news/articles/2024-04-17/citadel-backed-prime-brokerage-in-talks-to-raise-fresh-capital
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OpenAI rival Mistral in talks to raise around $2 billion in new funding: Paris-based Mistral is raising new funding, which could boost its valuation to $5 ...
businessinsider.com/mistral-raising-new-round-up-to-2-billion-2024-4
Andreessen Horowitz raises $7.2bn and sets sights on AI start-ups: Silicon Valley venture capital group hauls in one of the largest funds since downturn in tech ...
ft.com/content/fdef2f53-f8f7-4553-866b-1c9bfdbeea42
Trump Mastered The Art of the SPAC Deal. Cashing Out Is Harder: The value of Donald Trump’s stake in his media startup may have shrunk since going public through ...
bloomberg.com/news/articles/2024-04-16/trump-mastered-the-art-of-the-spac-deal-cashing-out-is-harder
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Canoo spent twice its annual revenue on CEO’s private jets last year: EV startup Canoo paid $1.7 million for CEO Tony Aquila’s private jet bills ...
electrek.co/2024/04/04/canoo-spent-twice-its-annual-revenue-on-its-ceos-private-jets-last-year/
Elon Musk's xAI is luring more investors via SPVs with high fees: Musk's AI startup was built out of Twitter. Now it's looking to get investors to chip in at ...
businessinsider.com/elon-musk-xai-luring-more-investors-spv-high-fees
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Meet The AI Entrepreneur Who Used LinkedIn To Raise $13.8 Million: Benjamin Harvey, the CEO of AI Squared, says he’s added investors including former TIAA CEO ...
forbes.com/sites/jabariyoung/2024/04/17/meet-the-ai-entrepreneur-who-used-linkedin-to-raise-138-million/
Fisker adds new US dealer and several more in Europe as extreme price cuts take effect
electrek.co/2024/04/15/fisker-adds-new-dealers-extreme-price-cuts-take-effect/
Truist Financial: Improving Setup (Rating Upgrade): Truist Financial may benefit from a higher for longer rate environment, leading to higher capital returns for ...
seekingalpha.com/article/4684470-truist-financial-improving-setup-rating-upgrade
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AI startup Stability lays off 10% of staff after controversial CEO's exit: Read the full memo
cnbc.com/2024/04/18/ai-startup-stability-lays-off-10percent-of-employees-after-ceo-exit.html
Community builder to oversee $15 million investment fund focused on minority start-ups
oklahoman.com/story/news/2024/04/18/okc-community-builder-sandino-thompson-overseeing-15-million-startup-fund/72975549007/
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/
The payment of more interest on deposits hurts the bottom line of large US banks: The profit of the six main entities falls 3% in the first quarter despite the ...
english.elpais.com/economy-and-business/2024-04-17/the-payment-of-more-interest-on-deposits-hurts-the-bottom-line-of-large-us-banks.html
Ukrainian startup producing Himera military radios enters global market and gets supplier in the US
pravda.com.ua/eng/news/2024/04/17/7451599/
Vorlon is trying to stop the next big API breach: Application programming interfaces, or APIs as they’re commonly known, are the bedrock of everything we do ...
techcrunch.com/2024/04/17/cybersecurity-startup-vorlon-funding-api-breach/
RISC-V AI chip upstart Rivos plans to undercut Nvidia, helped by a quarter-billion in VC lucre
theregister.com/2024/04/17/riscv_ai_startup_rivos_funded/
Tomorrow Capital leads $2.7 mm fundraise for kidney care startup VitusCare: Venture capital fund Tomorrow Capital on Tuesday said it has led a USD 2 ...
business-standard.com/companies/start-ups/tomorrow-capital-leads-2-7-mm-fundraise-for-kidney-care-startup-vituscare-124041600636_1.html
Apple lawsuit behind it, chip startup Rivos plots its next moves: The long-term goal with Rivos is to build chips primarily for servers that can handle intensive ...
techcrunch.com/2024/04/16/apple-lawsuit-behind-it-chip-startup-rivos-plots-its-next-moves/
AI cloud startup TensorWave bets AMD can beat Nvidia: Starts racking MI300X systems - because you can actually buy them and they beat the H100 on many specs
theregister.com/2024/04/16/amd_tensorwave_mi300x/
Italy Frugal Pharma Billionaire Eyes Global Leader Spot in Drug Injection: If you got a Covid or flu shot this winter, the vaccine may well have come out of a ...
bloomberg.com/news/articles/2024-04-13/italy-frugal-pharma-billionaire-eyes-global-leader-spot-in-drug-injection
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How to balance two jobs at the same time: Danielle Shultz, 36, is a dancer at The Metropolitan Opera. She also runs a startup that works with Google, Meta ...
businessinsider.com/how-to-balance-two-jobs-at-same-time-side-hustles-2024-4
Britishvolt ‘gigafactory’ site sold for £110m to US private equity firm: Blackstone’s plans for data centre unlikely to generate thousands of jobs failed startup ...
theguardian.com/business/2024/apr/15/britishvolt-gigafactory-site-sold-110m-us-private-equity-firm-blackstone-data-centre-northumberland
One of Elon Musk's newer companies is eyeing an $18 billion valuation: A new report found that investor are in talks to raise $3 billion for Elon Musk's AI ...
thestreet.com/technology/xai-artificial-intelligence-elon-musk-companies-valuation-investors-report
30 Under 30 Europe Finance 2024: How Young Founders And VCs Are Raising Billions In A Funding Downturn
forbes.com/sites/deansterlingjones/2024/04/09/30-under-30-europe-finance-2024-how-young-founders-and-vcs-are-raising-billions-in-a-funding-downturn/
Peter Thiel gave these dropouts $100k each. What happened next?: The tech entrepreneur gambled on bypassing the ‘medieval’ US university system ...
thetimes.co.uk/article/peter-thiel-dropouts-100k-each-us-university-paypal-vxfvqvpzq
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API startup Noname Security nears $500M deal to sell itself to Akamai: Akamai Technologies is in advanced acquisition talks with Noname Security ...
techcrunch.com/2024/04/12/akamai-acquisition-talks-noname-security/
Cache’s Swap Fund Offering Seeks to Help Tech Millionaires Chase Tax Shields: Soaring stock prices have turned thousands of tech workers into millionaires whose ...
bloomberg.com/news/articles/2024-04-11/tech-millionaires-chase-billionaire-tax-shields-with-swap-fund
The Lex Newsletter: Amazon is a $2tn stock : Broad focus on costs has found favour in markets, pushing shares up almost 90% in past 12 months
ft.com/content/57fc0641-dcb1-43a3-a40d-8a9ac8bfaba2
'Bitcoin Sign Guy' Is Auctioning His Bitcoin Sign: Christian Langalis, whose 2017 photo-bombing of Janet Yellen became a viral meme, will use the proceeds to ...
coindesk.com/business/2024/04/11/bitcoin-sign-guy-is-auctioning-his-bitcoin-sign/
Patent dispute: Amazon should pay half a billion US dollars in fines - Golem.de: A court has ruled that Amazon Web Services has infringed several patents.
golem.de/news/patentstreit-amazon-muss-eine-halbe-milliarde-us-dollar-strafe-zahlen-2404-184039.html
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
AI startup Mistral launches a 281GB AI model to rival OpenAI, Meta, and Google: Available through an open-source format, Mistral's newest LLM model arrives ...
zdnet.com/article/ai-startup-mistral-launches-a-281gb-ai-model-to-rival-openai-meta-and-google/
India's Ola to stop ride-hailing operations in international markets: Ola said on Tuesday it was exiting its ride-hailing businesses in the UK ...
reuters.com/world/india/indias-ola-stop-ride-hailing-operations-international-markets-2024-04-09/
With Tech Breakthroughs on the Horizon, Startups Can Revitalize Japan
japannews.yomiuri.co.jp/editorial/political-pulse/20240413-180106/
The 11 startups most likely to IPO in 2024, according to analysts: There are signs that the IPO market could be coming back to life. Here are the 11 top ...
businessinsider.com/the-11-startups-most-likely-to-ipo-in-2024-2024-3
Startups Weekly: So are we all working from home now?: From remote work to magnetic keyboard switches, we have your weekly recap of everything you can’t miss ...
techcrunch.com/2024/04/12/startups-weekly-so-are-we-all-working-from-home-now/
Neuralink rival Synchron is recruiting patients for a big brain chip clinical trial
qz.com/synchron-elon-musk-neuralink-brain-chip-clinical-trial-1851394934
Beeper acquired by Automattic, fintech’s decline and YC’s lack of LatAm founders: When it comes to news items that we love at TechCrunch, IPOs rank pretty darn ...
techcrunch.com/2024/04/12/beeper-acquired-by-automattic-fintechs-decline-and-ycs-lack-of-latam-founders/
5 reasons to attend TC Early Stage 2024: TechCrunch Early Stage 2024 isn’t just another tech startup event — it’s the destination for early-stage startups to get ...
techcrunch.com/2024/04/12/5-reasons-to-attend-tc-early-stage-2024/
Google CEO Sundar Pichai on start-ups: ‘Always susceptible to someone in a garage…’ | Mint
livemint.com/companies/people/google-ceo-sundar-pichai-on-start-ups-always-susceptible-to-someone-in-a-garage-11712911605023.html
Trump Media Co-Founders Win Right to Challenge Share Lockup: Two co-founders of Donald Trump’s social-media startup who sued over the value of their stake in the ...
bloomberg.com/news/articles/2024-04-09/trump-media-co-founders-win-right-to-challenge-share-lockup
Y Combinator’s latest cohort had only one LatAm startup in large part because of AI
techcrunch.com/2024/04/10/y-combinator-latam-ai/
London's Olympic Village thrives: Twelve years after the Games, the district is growing with apartments, museums, universities and tech companies ...
faz.net/aktuell/wirtschaft/londons-olympisches-dorf-blueht-auf-19637154.html
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Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z
techcrunch.com/2024/04/09/kiki-world-a-beauty-brand-that-uses-web3-for-customer-co-creation-and-ownership-raises-7m-from-a16z/
See inside an NYC townhouse where 28 roommates pay up to $2,700/month: Coliving startup Cohabs owns 14 NYC locations where people pay for furnished rooms with ...
businessinsider.com/cohabs-harlem-new-york-townhouse-tour-coliving-costs-benefits-photos-2024-4
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AI Firm Is Best Performing Ex-SPAC, Surging Past Trump Media: Vertiv Holdings Co. has captured the title of the best-performing company to go public in a ...
bloomberg.com/news/articles/2024-04-08/ai-firm-is-best-performing-ex-spac-surging-past-trump-media
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AI hardware company from Jony Ive, Sam Altman seeks $1 billion in funding: A venture fund founded by Laurene Powell Jobs could finance the company.
arstechnica.com/gadgets/2024/04/apples-jony-ive-and-openais-sam-altman-team-up-for-ai-device-startup/
HBR IdeaCast: A Roadmap for Today's Entrepreneurs on Apple Podcasts: Many people aspire to entrepreneurship but we all know it's a high-risk endeavor ...
podcasts.apple.com/us/podcast/a-roadmap-for-todays-entrepreneurs/id152022135
Watered-down Basel III could boost US banks : Excess capital may find its way to investors in the form of buybacks and dividends if capital requirements are ...
ft.com/content/b5c5dd81-874a-4253-a60a-29f80a792447
Elon Musk’s xAI poaches another engineer from Tesla in a clear conflict of interest
electrek.co/2024/04/03/elon-musk-xai-poaches-engineer-tesla-clear-conflict-of-interest/
Quick Glance: Potential Risk: Tesla Stock Price Faces Dramatic Decline
- Per Lekander labels Tesla as the largest stock market bubble in modern history.
- He warns that the absence of growth endangers Tesla's stock price and poses a risk of collapse.
- Lekander forecasts a potential drop in the stock price to just $14 per share, reflecting a 91% decrease. He critiques Tesla's business model and highlights current demand challenges.
Evaluation of CB Insights: These AI start-ups are the most invested in worldwide: Despite the generally difficult economic situation, many AI start-ups can ...
horizont.net/tech/nachrichten/auswertung-von-cb-insights-in-diese-ki-start-ups-wird-weltweit-am-meisten-investiert-219105
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UK startup achieves major breakthrough in quest for space-based solar power: A UK startup has claimed a major breakthrough in its plans to beam solar energy from ...
thenextweb.com/news/uk-startup-breakthrough-space-based-solar-energy
Quick Glance: Breakthrough for UK Startup in Space-Based Solar Energy
- A British company has announced a significant advancement in transmitting solar energy from space to Earth.
- In a laboratory in Belfast, Oxford's Space Solar illuminated an LED sign by wirelessly transmitting energy through the air from all directions, marking a milestone as the world's first 360-degree wireless energy transmission.
- The crucial aspect for space-based solar satellites is the capability to transmit energy to Earth from all angles.
- Space Solar aims to establish the first commercial solar power plant in space within the next decade to provide enough power for a large town.
U.S. Bank Earnings Preview: What To Watch: U.S. banks are getting set to release their quarterly results. Click here to read the outlook for interest rates and ...
seekingalpha.com/article/4682653-us-bank-earnings-preview-what-to-watch
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AI data security startup Cyera confirms $300M raise at a $1.4B valuation: Artificial intelligence continues to be the biggest threat but also the biggest promise ...
techcrunch.com/2024/04/09/ai-data-security-startup-cyera-confirms-300m-raise-at-a-1-4b-valuation/
Sprinto raises $20M to bring automation to security compliance management: Sprinto, a startup offering a security compliance and risk platform ...
techcrunch.com/2024/04/09/sprinto-funding-security-compliance-management/
X's Grok AI is great – if you want to know how to hot wire a car, make drugs, or worse
theregister.com/2024/04/02/elon_musk_grok_ai/
Quick Glance: Musicians Warn of Existential Threat from AI
- Over 200 musical artists, including Billie Eilish and Pearl Jam, criticize the use of AI as an existential threat to their art in an open letter.
- The artists urge AI developers and technology companies to not violate the rights of human artists and devalue their work.
- Some major companies are utilizing artists' works without permission to train AI models aiming to replace human artists with AI-generated content.
- Emphasizing the importance of protecting human creativity from the threat of AI, the artists call to restrict the development of AI technologies that could replace artists' work.
US selects Nigerian startup for AI programme: A Nigerian startup, GFA Technologies, has been selected by the US Department of State to participate in the ...
punchng.com/us-selects-nigerian-startup-for-ai-programme/
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