Broadcom adds silicon AI features to speed new Trident networking chip
By Max A. Cherney (Reuters) – Tech conglomerate Broadcom added artificial intelligence features to a new version of one of its flagship networking chips, the company said on Thursday, aiming to help…
Silicon Valley Executive Sentenced for Defrauding Investors and Participating in COVID-19 and Allergy Testing Scheme
The president of a Silicon Valley-based medical technology company was sentenced today to eight years in prison and ordered to pay $24 million in restitution for participating in a scheme to defraud…
Israel’s Netanyahu to visit Silicon Valley, New York next week
JERUSALEM (Reuters) – Israeli Prime Minister Benjamin Netanyahu will visit California’s Silicon Valley next week before traveling to New York for the U.N. General Assembly, his office said on Sunday. Netanyahu’s office…
Silicon Valley startup SandboxAQ hired to beef up US military cyber security
By Jane Lanhee Lee OAKLAND, California (Reuters) – Artificial intelligence and quantum computing startup SandboxAQ on Tuesday said it has won a U.S. government contract for military cyber security in a deal…
HSBC to rename British arm of Silicon Valley Bank next month- Sky News
(Reuters) – HSBC is set to announce next month that the UK arm of Silicon Valley Bank will be renamed HSBC Innovation Banking, Sky News reported on Monday. The British government and…
U.S. silicon photonics chip startup Ayar Labs gets AI funding boost
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley chip startup Ayar Labs raised another $25 million after its latest funding round closed, as demand has increased for faster, more energy-efficient…
Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech
Silicon Valley Is Using Ukraine As A Proving Ground For Cutting-Edge Defense Tech Micaela Burrow on May 22, 2023 Tech startups are looking to Ukraine as a testing site for their cutting-edge…
‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse
‘Bone-Deep Down To The Marrow Stupid’: Sen. Kennedy Grills Silicon Valley Bank CEO On Collapse Jason Cohen on May 16, 2023 Republican Louisiana Sen. John Kennedy confronted former Silicon Valley Bank (SVB)…
Who is Greg Becker, the former head of failed Silicon Valley Bank?
By Hannah Lang (Reuters) – Greg Becker, the former chief executive officer of Silicon Valley Bank, is set to appear before the U.S. Congress on Tuesday, two months after the collapse of…
Silicon Valley automotive ethernet chip startup Ethernovia raises $64 million
By Jane Lanhee Lee OAKLAND, California (Reuters) – Silicon Valley automotive ethernet chip startup Ethernovia Inc said on Monday it had raised $64 million in a Series A funding round including Porsche…
Fed’s Bowman calls for external review of Silicon Valley Bank oversight
By Pete Schroeder WASHINGTON (Reuters) – Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine the events that led to the abrupt…
Goldman Sachs Under Investigation After Advising Silicon Valley Bank Before Collapse
Goldman Sachs Under Investigation After Advising Silicon Valley Bank Before Collapse Jason Cohen on May 5, 2023 Goldman says it is “cooperating with and providing information to various governmental bodies in connection…
Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure
Federal Reserve Says It Dropped The Ball In Silicon Valley Bank Failure Jason Cohen on April 28, 2023 The Federal Reserve’s banking supervisors failed to take adequate action to solve California tech…
Factbox: Red flags galore – Fed officials cited Silicon Valley Bank 31 times
(Reuters) – At the time of Silicon Valley Bank’s collapse, the number of outstanding safety and soundness warnings from Federal Reserve bank supervisors had mushroomed to three times the average for a…
Silicon Valley Bank and Fed supervisors: what’s known so far
By Ann Saphir SAN FRANCISCO (Reuters) – A team of 20 bank examiners at the San Francisco Federal Reserve took over day-to-day supervision of Silicon Valley Bank in the second half of…
First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal
First Citizens To Acquire Collapsed Silicon Valley Bank In Major Deal Jason Cohen on March 27, 2023 The Federal Deposit Insurance Corporation (FDIC) announced Sunday night that First Citizens BancShares made a…
California’s financial regulator to issue report on Silicon Valley Bank by May
(Reuters) – California’s financial regulator said on Monday it will issue a report on a comprehensive review of its own oversight and regulation of Silicon Valley Bank by early May. “Through this…
Silicon Valley Bank Parent Company Files For Bankruptcy
Silicon Valley Bank Parent Company Files For Bankruptcy Jason Cohen on March 17, 2023 SVB Financial Group, the parent company for California tech lender Silicon Valley Bank (SVB), filed for Chapter 11…
JESSICA ANDERSON: Congress Killed Silicon Valley Bank
JESSICA ANDERSON: Congress Killed Silicon Valley Bank Jessica Anderson on March 15, 2023 The collapse of Silicon Valley Bank (SVB) has unified Americans with a shared anger. Everyone — left, right and…
Malaysia says its banks have limited exposure to Silicon Valley Bank crisis
KUALA LUMPUR (Reuters) – Malaysia’s government on Wednesday said the country’s banks have limited exposure to Silicon Valley Bank that collapsed last week in the United States, triggering fear of contagion. “Based…
KPMG stands by audits of Silicon Valley Bank and Signature Bank – FT
(Reuters) – KPMG’s U.S. boss, Paul Knopp, said the accounting firm stood behind its audits of Silicon Valley Bank and Signature Bank, the Financial Times reported on Tuesday. Knopp said KPMG’s audit…
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse
Here’s How The Average American Could End Up Footing The Bill For Silicon Valley Bank’s Collapse Jason Cohen on March 13, 2023 The Biden administration stated in their Bank Term Funding Program…
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies
Silicon Valley Bank Depositor Bailout Could Benefit Chinese Tech Companies Katelynn Richardson on March 13, 2023 The promised government bailout of Silicon Valley Bank (SVB) depositors could benefit Chinese tech startups, which…
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank
STEVE HANKE And CALEB HOFMANN: Banks Have Now Become Gov’t-Backed Businesses — Just Look At Silicon Valley Bank Steve Hanke And Caleb Hofmann on March 13, 2023 Nobelist and high priest of…
Silicon Valley Bank Hit With Lawsuit For Failing To Disclose Risks To Shareholders
Silicon Valley Bank Hit With Lawsuit For Failing To Disclose Risks To Shareholders Katelynn Richardson on March 13, 2023 A Silicon Valley Bank (SVB) shareholder filed a class-action lawsuit against the company…
How Silicon Valley Bank’s collapse ripped through global tech
By Martin Coulter (Reuters) – Not long after California startups started pulling money out of troubled Silicon Valley Bank, entrepreneurs in other parts of the world woke up to the news. “Around…
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