Others

SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity

March 17, 2023

One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries, SVB Financial has taken the next inevitable step: today it announced that it has formally filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of […]

SVB Financial files for Ch. 11 bankruptcy protection, says it has $2.2B in liquidity by Ingrid Lunden originally published on TechCrunch

OpenAI’s ChatGPT Plus subscription launches in India

March 17, 2023

ChatGPT Plus, the subscription service to access OpenAI’s text-generating AI, is now available in India. ChatGPT Plus features GPT-4, the refined AI model that OpenAI launched earlier this week. The paid tier provides customers with early access to new features including GPT-4. Introduced in the U.S. in February after being in an early preview for […]

OpenAI’s ChatGPT Plus subscription launches in India by Jagmeet Singh originally published on TechCrunch

Walmart invests $200 million in Indian mobile payments giant PhonePe

March 17, 2023

PhonePe has raised another $200 million as part of an ongoing round, a deliberation that has now helped it pull $650 million in recent weeks despite the market slump, as the Indian fintech giant bulks up its war chest following the recent separation from the parent firm Flipkart. Walmart, which owns the majority of PhonePe, […]

Walmart invests $200 million in Indian mobile payments giant PhonePe by Manish Singh originally published on TechCrunch

The US government ramps up its pressure campaign against TikTok

March 16, 2023

The Biden administration is escalating its pressure campaign against TikTok, threatening a U.S. ban against the world’s most popular app if the company doesn’t split with its Chinese ownership. The current administration’s public concerns around the hit app have ratcheted up considerably in recent days. The Wall Street Journal reported this week that the U.S. […]

The US government ramps up its pressure campaign against TikTok by Taylor Hatmaker originally published on TechCrunch

At Virgin Orbit, it never should’ve come to a staff furlough

March 16, 2023

Last night, CNBC broke the bombshell news that Virgin Orbit was pausing operations for at least a week while it looked for funding to support the business. As part of that pause, company executives reportedly told staff in an all-hands meeting that they were being furloughed – and that it would be unpaid. The news […]

At Virgin Orbit, it never should’ve come to a staff furlough by Aria Alamalhodaei originally published on TechCrunch