Search results for "tech companies "

SVB Deal Steadies Banks Amid Credit Crunch Concerns

The sale of failed Silicon Valley Bank (SVB) to a regional U.S. peer helped stabilise shares in European lenders on Monday, after the sector was hammered last week by worries about systemic bank stress and a looming credit crunch. The sudden collapse of tech-focused SVB earlier this month triggered the worst banking shock since the […]

How Two Weather Balloons Led Mexico to Ban Solar Geoengineering

On an April day, the founder of a U.S. startup called Make Sunsets stood outside a camper van in Mexico’s Baja California and released two weather balloons containing sulfur dioxide into the air, letting them float towards the stratosphere. Entrepreneur Luke Iseman said the sulfur dioxide in the balloons would deflect sunlight and cool the […]

How First Republic’s Courtship of the Wealthy Led to Meltdown

First Republic Bank became the epicenter of the U.S. regional banking crisis after the wealthy clients it courted to fuel its breakneck growth started withdrawing deposits and left the bank reeling. Wall Street’s top banks, led by JPMorgan Chase & Co, have been trying for more than a week to raise capital for San Francisco-based […]

China Says U.S. Presumption of Guilt Against TikTok Is Baseless

The U.S. has made a presumption of guilt against TikTok without presenting any evidence that threatens its national security, the Chinese foreign ministry said on Monday regarding the TikTok bill. “U.S. should respect fair competition, and stop suppressing foreign companies,” Mao said, while answering a question about U.S. lawmakers pushing forward with the bill, which […]

China’s Baidu Scraps Public Launch for ChatGPT-Like Product

Chinese search engine giant Baidu on Monday cancelled a planned livestreamed product launch related to its ChatGPT-like “Ernie bot” that it had advertised as being open to media and the public. The webcast, scheduled for Monday afternoon, was switched to a closed-door meeting with the first batch of companies that are testing the product, Baidu […]

Finding the Balance between AI Innovation and Security  

Artificial intelligence (AI) is transforming the way we live and work, from chatbots and self-driving cars to personalized medical treatments and intelligent home assistants. As AI innovations continues to evolve, it’s becoming increasingly urgent to establish a regulatory framework that promotes ethical development and deployment all while ensuring national security.   But as we dive into […]

5G The Network of Remote Work 

5G might not have reached its full potential but it has played a major part in empowering the remote work culture. Flexibility, teamwork, and productivity have always been essential to managing a successful company, and they have become even more crucial since the pandemic. Thanks to more effective data networks, 5G technology, and a work-from-anywhere […]