Technology

UK tech founders, investors, and ecosystem leaders have been giving their reactions to the news that SVB UK will be rescued by HSBC. In addition, many startup founders and investors pointed to the leg-work done by industry body Coadec, which is now raising funds for further work. Andrew J Scott Founding Partner 7pc VC “It […]

UK tech ecosystem reacts to the news of SVB UK acquisition by HSBC by Mike Butcher originally published on TechCrunch

HSBC UK is acquiring Silicon Valley Bank UK for a symbolic £1, after a tense weekend of frantic negotiations by the UK government, regulators and a suite of other potential suitors. The deal is a massive relief to the UK technology sector, which was highly exposed to the collapse of SVB and it’s uk arm, […]

In historic last-minute deal, HSBC acquires Silicon Valley Bank UK, says all depositors’ money is safe by Mike Butcher originally published on TechCrunch

While ChatGPT has taken the world by storm since it was released, there are some serious questions about its use in the enterprise.

Is generative AI really ready for the enterprise? by Ron Miller originally published on TechCrunch

Web3 promises greater resilience and security than Web 2.0, but it’s already creating a new playground for opportunistic cybercriminals.

Web of lies: Web3 isn’t the security fix-all you think it is by Carly Page originally published on TechCrunch

While I hope for the best for companies banking with SVB, it’s important for founders and CEOs to plan for the worst. This will be the weekend that differentiates a good entrepreneur from a bad one.

A 10-step playbook for founders with Silicon Valley Bank accounts by Walter Thompson originally published on TechCrunch

“We’re really only beginning to see the ripple effects in the private markets of the 72% drop in valuations we saw in the public markets.”

For fintechs in 2022, the bigger the exit, the larger the decline in value by Mary Ann Azevedo originally published on TechCrunch