VCs are advising startups to generally keep no more than $250,000 in SVB checking accounts.
Venture firms are advising portfolio companies to move money out of SVB by Natasha Mascarenhas originally published on TechCrunch
Forgive the scattered nature of this week’s Actuator. No big, overarching monologs this week — just a handful of things I’ve been thinking about lately that I’d like to get down on paper. I suppose that’s one of the perks of doing a weekly newsletter— it forces you to flesh out some bigger ideas. Point […]
Mistakes were made (and that’s fine) by Brian Heater originally published on TechCrunch
Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term borrowing capacity. It turns out burn reduction at startups is more aspiration than reality […]
Silicon Valley Bank’s shares are tanking, as a mess unfolds by Natasha Mascarenhas originally published on TechCrunch
On Wednesday, Silvergate Capital, a publicly traded crypto bank, shared that it would “wind down operations and voluntarily liquidate” its bank division.
Silvergate’s shiny hinges have rusted as the crypto bank plans to shut down by Jacquelyn Melinek originally published on TechCrunch
ChatGPT, OpenAI’s viral, AI-powered chatbot tech, is now available in a more enterprise-friendly package. Microsoft today announced that ChatGPT is generally available through the Azure OpenAI Service, the company’s fully managed, corporate-focused offering designed to give businesses access to OpenAI’s technologies with added governance and compliance features. Customers, who must already be “Microsoft managed customers […]
ChatGPT comes to Microsoft’s enterprise-focused, Azure-powered managed service by Kyle Wiggers originally published on TechCrunch