Breaking news Archives

2 Minutes

Technology

Adobe launches Firefly generative A.I., which lets users type to edit images

Sources March 21, 2023

David Wadhwani, president of Adobe’s Digital Media unit, speaks at Adobe’s Max conference in Los Angeles in October 2022. Adobe Adobe on Tuesday launched an artificial intelligence tool called Firefly that will let users...

2 Minutes

Technology

OpenAI CEO Sam Altman says he’s a ‘little bit scared’ of A.I.

Sources March 20, 2023

Sam Altman, co-founder and chief executive officer of OpenAI Inc., speaks during TechCrunch Disrupt 2019 in San Francisco, California, on Thursday, Oct. 3, 2019. David Paul Morris | Bloomberg | Getty Images OpenAI CEO...

2 Minutes

Technology

Venture investors, U.S. lawmakers join forces to fight Tiktok & Chinese influence: WSJ

Sources March 17, 2023

In this photo illustration the social media application logo for TikTok is displayed on the screen of an iPhone in front of a US flag and Chinese flag background in Washington, DC, on March...

2 Minutes

Technology

Stripe slashes valuation to $50 billion in new $6.5 billion funding round

Sources March 15, 2023

Stripe’s co-founder, John Collison, delivers a speech in Paris in 2016. Jacques Demarthon | AFP via Getty Images Payment processor Stripe raised $6.5 billion at a $50 billion valuation, the company said Wednesday, a...

4 Minutes

Technology

In client call, SVB’s new CEO urges clients to bring funds back to the bank

Sources March 15, 2023

Three days into his tenure as Silicon Valley Bank‘s government-appointed CEO, Tim Mayopoulos has a message for his high-powered venture capital and startup clients: Bring your money back. That was consistent throughout Mayopoulos’ responses...

2 Minutes

Technology

Apple supplier Foxconn expects decline in consumer electronics demand, prioritizes global growth

Sources March 15, 2023

Employees work in a factory at the mobile phone plant of Rising Stars Mobile India Pvt., a unit of Foxconn in Tamil Nadu, India on July 12, 2019. Bloomberg | Bloomberg | Getty Images...

2 Minutes

Technology

SVB’s new CEO urges clients to ‘help us rebuild our deposit base’

Sources March 14, 2023

A view of Silicon Valley Bank headquarters in Santa Clara, CA, after the federal government intervened upon the bankâs collapse, on March 13, 2023. Nikolas Liepins | Anadolu Agency | Getty Images SVB‘s new...

2 Minutes

Technology

Uber and Lyft shares rise after California court victory lets them classify drivers as contractors

Sources March 14, 2023

Ride-sharing apps, including Uber and Lyft, can continue to treat their drivers as independent contractors, a California appeals court ruled on Monday, overturning a lower-court decision that barred them from doing so. In Nov....

2 Minutes

Technology

SVB crisis shows Fed needs to slow down or a ‘lot more stuff is going to break,’ Altimeter’s Gerstner says

Sources March 13, 2023

As the fallout from Silicon Valley Bank‘s failure continues to unfold, the Federal Reserve needs to slow down before “a lot more stuff” breaks, Altimeter Capital’s Brad Gerstner told CNBC’s Halftime Report Monday. Gerstner...

3 Minutes

Technology

Silicon Valley Bank signed exclusive banking deals with some clients, leaving them unable to diversify

Sources March 13, 2023

A delivery person drops off pizzas at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank had exclusivity clauses with some...