A general view of Cosmic Girl, a converted Boeing 747 carrying the LauncherOne rocket under its left wing, as final preparations are made at Cornwall Newquay Airport on January 9, 2023 in Newquay, United Kingdom. Matthew Horwood | Getty Images Virgin Orbit is in final talks to raise funds from Texas-based investor Matthew Brown, two … Read more
Posted: March 21, 2023 4:43 PM ET For the second time in 67 years, Microsoft Corp. co-founder Bill Gates said he was truly blown away by the technology. The first time was in 1980, when he discovered the graphical user interface, which became the bedrock on which he built Microsoft’s Windows MSFT operating system, Gates … Read more
Amazon.co.uk Inc. said it would cut 9,000 more jobs from the companies, including its profitable cloud computing and advertising businesses, a sign that the company’s cost-cutting is spreading to all aspects of its operations as tech giants continue to cut spending. Chief Executive Andy Jassy said in a statement that the company had recruited a … Read more
Andy Jassy, CEO of Amazon.Com Inc., at the GeekWire Summit in Seattle, Washington, USA on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon will lay off 9,000 more employees in the coming weeks, CEO Andy Jassy said in a memo to staff on Monday. The cuts come on top of previously … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
SAN JOSE, Calif. (AP) — Disgraced Theranos CEO Elizabeth Holmes made what could be her final court appearance Friday before starting an 11-year prison sentence, unless a judge agrees his request to remain free while his lawyers appeal his sentence. for orchestrating a blood test hoax. The 90-minute hearing took place four months after Holmes’ … Read more
Meta Platforms, parent company of Facebook Inc. created a tool to predict the structure of hundreds of millions of proteins using artificial intelligence. Researchers say promises to deepen scientists’ understanding of biology, and perhaps accelerate the discovery of new drugs. Meta’s research arm, Meta AI, used the new AI-based computer program known as ESMFold to … Read more
During a live release event on Thursday, Baidu CEO Robin Li pointed out that the company’s product – called Ernie bot – isn’t perfect. Instead, he described how it would improve with the ability of users to give him feedback. Baidu is prioritizing initial access to the Ernie bot for what it calls 650 trading … Read more
While SVB served tech startups and venture capital firms primarily located in the US or with a US presence, some Southeast Asia-based VCs – such as Jungle Ventures and Golden Gate Ventures – were also clients of SVB. Many venture capitalists in Southeast Asia may struggle to find another bank offering the same product offering … Read more
Bank of the First Republic FRC -21.37% fell more than 20% after the bank’s rating was downgraded by S&P Global and Fitch Ratings, which both pointed to the risk of deposit outflows from the bank. The stock closed at its lowest level since 2012 and is down more than 70% from a week ago. US … Read more
