A self-styled “anti-bank” poached good customers from the federal loan system. When pandemic relief made that harder, it sued the government.
Category: Start-ups
-
The End of Faking It in Silicon Valley
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
-
How ChatGPT and Bard Performed as My Executive Assistants
Google’s Bard chatbot fared far worse than OpenAI’s ChatGPT, but human assistants might soon be out of their jobs.
-
Silicon Valley Bank’s Collapse Chills Start-Up Funding
Two weeks after Silicon Valley Bank failed, the fallout has hit the start-up market as investors pull back further and fear has risen.
-
Chatbot Start-Up Character.AI Valued at $1 Billion in New Funding Round
Founded by ex-Google employees, the Silicon Valley company is among the few start-ups poised to compete with OpenAI, the creator of ChatGPT.
-
Crypto Wants Its Shine Back
After a miserable year, cryptocurrency companies are looking for ways to rebrand products that many consumers no longer trust.
-
48 Hours Till Payroll, $200,000 to Go: Diary of a Bank Failure
The collapse of Silicon Valley Bank set major financial disruptions in motion. It also made one founder’s week a scramble.
-
Silicon Valley Bank’s Deep Ties to the Tech Industry
More than many other banks, SVB catered to how risky tech start-ups and their backers do not adhere to normal business practices.
-
Stripe Raises New Funding That Values It at $50 Billion
The payments processing start-up was valued at $95 billion in 2021, but private company dealmaking has been hurt by souring global economic conditions.
-
How Silicon Valley Bank Sparked Global Financial Panic
While its C.E.O. extolled innovation and the future of tech, Silicon Valley Bank paid less attention to risk management and was caught flat-footed by economic change.
-
AI Funding Frenzy Escalates
In just weeks, a gold rush into artificial intelligence start-ups has become a full-blown mania.