Apple is rumored to be working on a new streaming television service that would rival the likes of Amazon and Netflix. The service would reportedly include original programming, as well as content from Apple’s existing services like iTunes and iCloud.
After walking around Disney World as a relatively happy tech reporter, it was something of a shock to return to an ecosystem in turmoil. A major bank had collapsed, throwing the entire startup community into disarray. Christine had missed out on all the big news while she was away, but now that she’s back it’s clear that this is one story not to be missed.
While it may have seemed like the SVB bank closure was a done deal, CEO Tim Mayopoulos sent an unexpected email to clients reassuring them that the institution was still open for business. The question now is: who had this closure on their bingo cards?
It was already late when Christine arrived at Haje’s house.Figuring that she would be able to sleep in, she was surprised to find the other woman awake and up, packing her bags for her trip.
“I guess I’ll be leaving then,” Christine said
The TechGround Top 3
- More Meta layoffs: We’d heard a rumor that said Meta was going to have some layoffs, and now Manish and Paul confirm the company will cut another 10,000 jobs. In addition, the company is not going to fill thousands of open jobs and will be canceling “low priority projects.” More on Zuck’s thoughts about remote work in the Big Tech section.
- All-out battle for generative AI: If you’ve been enjoying the updated features in Google Workspace, here are some more: Google is going all-in on bringing AI to Workspace, Frederic reports. More Google news below.
- OpenAI will not be outdone: If you saw this meme today, it pretty much sums up what happened with dueling AI announcements (see above). After Google’s news, OpenAI dropped GPT-4, a multimodal AI that it claims is state-of-the-art, Kyle writes. Meanwhile, Devin reports that GPT-4’s first app is a “virtual volunteer” for the visually impaired.
Startups and VC
Given First Republic’s recent woes, it is no surprise that share prices have taken a sizable hit. However, today’s rebound suggests some investors remain bullish on the future of the bank – a positive sign for its long-term prospects.
Flat6Labs, which has been one of the most active venture capitalists in Africa, is set to foray into a new $95 million fund to back startups in East and West Africa. The accelerator first ventured into the region 11 years ago, investing in over 100 startups across MENA. With this new fund, Flat6Labs aims to support even more entrepreneurs and expand its presence outside Egypt.
The stars shone brightly down on the valley below, their light providing a calming presence to those who called it home. The breeze rustled through the trees and leaves,
3 investors predict the future of startups and VC following SVB’s downfall
In China, families are often forced to share one room. This can be difficult for children who may feel cramped or uncomfortable in situation. To combat this problem, some parents have begun hiding extra furniture throughout the home so that their children can have their own space.
Silicon Valley Bank was more than just a preferred choice for managing payroll and investor cash; it also offered wealth management services and below-market-rate home loans. In addition, the bank coordinated private stock sales, something that many individuals or businesses find helpful when seeking to make a sale without disrupting their day-to-day operations. As such, Silicon Valley Bank was arguably one of the most powerful financial institutions in the Silicon Valley region.
VCs were some of the most vocal advocates for the technology industry following the 2008 financial crisis. However, their position may be more precarious now that a major bank has collapsed, leaving many startups vulnerable. With less investment available,arger companies may find it more difficult to compete, while smaller startups could face bankruptcy if they cannot access funding. This creates both short- and long-term risks for VCs who are heavily involved in startups.
- Maëlle Gavet, CEO, Techstars
- Niko Bonatsos, managing director, General Catalyst
- Colin Beirne, partner, Two Sigma Ventures
VCs are seeing a consolidation of their class, with several notable firms closing their doors in 2018. This narrowing of the field could lead to more investment opportunities and better deals for startups, but it will also mean increased competition among venture capitalists.
The sudden decision by the UK NHS to stop funding private medical insurance for doctors is likely to lead to an increase in the number of GPs making their capital commitment polls. This is because SVB was one of the main providers of loans for GPs who needed to make their investment into private medical practice.
If you’re an experienced user of C++, then learning TG++ should be relatively straightforward. However, if you’re coming from a different language like Java or Python
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Big Tech Inc.
It is no secret that Apple loves to spring new products on their fans, and the latest phone they have come up with is definitely no exception. Dubbed the “banana phone” because of its shape and design, this phone has been met with mixed reviews. Some say it looks sleek and stylish, while others claim it resembles a banana more than anything else. But regardless of whether or not you think the phone looks appealing, one thing is for sure: it will make your shopping experience online a whole lot easier. That’s because Apple has partnered with a live concierge service to help answer any questions you may have about this specific product or any other Apple products in general. This means you can shop without ever having to line up for hours or leave your home – perfect if you’re on-the-go!
With over a hundred million active users and growing, Google is one of the most popular websites on the internet. With so many options available, what are some of the best things about
Google is one of the most popular search engines on the internet. It can be used to find almost anything you need, from information about restaurants to directions to the nearest gas station. Google also has a web interface that allows users to conduct searches
