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
Welcome to The Interchange! If you received this in your inbox, thank you for signing up and your vote of confidence. If you’re reading this as a post on our site, sign up here so you can receive it directly in the future. Every week, I’ll take a look at the hottest fintech news of the previous week. […]
We’re only beginning to see the impact of Silicon Valley Bank’s implosion by Mary Ann Azevedo 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
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. The app economy in 2023 hit a few snags, as consumer spending last year dropped for the first time by 2% to $167 billion, according to data.ai’s “State of […]
This Week in Apps: TikTok-style feeds come to Spotify and Reddit; Meta’s Fediverse plans by Sarah Perez originally published on TechCrunch
As of late Thursday night and Friday morning, the fallout from the shutdown of Silicon Valley Bank in the US had reached the shores of the UK and Europe. Yesterday afternoon, the Bank of England sought a court order to place Silicon Valley Bank UK Limited — the UK arm of the US institution — […]
SVB contagion: UK arm shuts down, government scrambles and startups brace for the worst by Mike Butcher 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
Like all of its peers in the tech industry, Microsoft has a carbon pollution problem. The software giant’s emissions are on the rise, in spite of a pledge from the company to be carbon negative by 2030. This ticking clock explains Microsoft’s latest deal to address its environmental toll: It’s turning to Running Tide to […]
Microsoft bets on algae to mitigate its growing carbon footprint by Harri Weber originally published on TechCrunch