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After a two-week auction process, Silicon Valley Bank has finally been sold to regional lender First Citizens Bank. But while the sale of the tech industry’s go-to bank was playing out, other banks moved to fill the void.
Among the firms moving quickly are SVB rival Western Alliance-owned Bridge Bank and JPMorgan Chase, as well as newer institutions Mercury and Brex.
“You can see the void is being filled immediately,” said Scott Orn, the chief operating officer at Kruze Consulting, which works with CFOs a
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The Information
The Miss Universe 2025 winner is Miss Mexico Fátima Bosch. She took the crown after weeks of drama at the pageant. Read more ›
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Crowdstrike and Salesforce both said this week that they are investigating incidents where hackers attempted to steal internal data, and a hacking group known as Scattered Lapsus$ Hunters has publicly claimed responsibility for both breaches. Salesforce said in an alert to customers that hackers ... Read more ›
594 fresh
Using Jmail, you can read thousands of Jeffrey Epstein's emails in a familiar format. Use the star function to highlight notable finds. Read more ›
499 fresh
From $70,000 in Maine to $250,000 in New York, here's what every US governor makes, and why some even give up their salaries. Read more ›
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Google confirmed in a statement Friday that hackers have stolen the Salesforce-stored data of more than 200 companies in a large-scale supply chain hack. TechCrunch reports: On Thursday, Salesforce disclosed a breach of "certain customers' Salesforce data" -- without naming affected companies -- that was stolen via apps published by Gainsight, which provides a customer support platform to other companies. In a statement, Austin Larsen, the principal threat analyst of... Read more ›
469 fresh
The Trump administration has been something of a pendulum in its position on the war in Ukraine, swinging between pro-Ukraine and pro-Russia positions over the past year. This week, it is swinging hard toward Moscow. Earlier this week, Axios reported on a new 28-point Trump administration plan to end the war in Ukraine, echoing the […] Read more ›
451 fresh
Former Treasury Secretary Larry Summers said he'd leave Harvard and withdraw from public life after his links to Jeffrey Epstein were made public. Read more ›
450 fresh
After trying all of Ina Garten's recipes, I think these are her best ones for Thanksgiving dinner, including potato side dishes, turkey, and desserts. Read more ›
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The Senate homeland security committee's chair has asked researchers to turn over troves of documents related to the January 6 attack, vaccines, and more, according to a letter reviewed by WIRED. Read more ›
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Nothing Phone 3 owners, your Android 16 update is here. Owners of other models? Well, you’ll have to wait a bit longer. Regardless, the company's Nothing OS 4.0 update brings Google's newest mobile software, along with a bunch of UI tweaks.In addition to Android 16, Nothing OS 4.0 should deliver a smoother, zippier experience. The company promises "faster responses, cleaner visuals, smoother interactions" and more. Along those lines, app transitions,... Read more ›
327 fresh
The Japanese government said that the world's biggest nuclear plant would restart operations. Semafor: The Kashiwazaki-Kariwa site closed in 2012, as Japan -- which previously generated 30% of its electricity from nuclear power -- shuttered most of its fleet in the wake of the Fukushima meltdown. But like much of the world, it is looking once again to nuclear power for reliable, low-carbon energy, especially in the face of high... Read more ›
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"In my experience, this is the best way to separate good interviewers from good operators," Harvey CEO Winston Weinberg told Business Insider. Read more ›
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There has been a recent deluge of generative AI videos featuring uncannily fresh-faced teens waxing nostalgic about how much better the world was during the '80s and '90s. As the AI youths smize and show off their period-specific haircuts, the clips cut to dreamlike footage of sun-drenched cul-de-sacs and vintage cars while songs like "Everybody […] Read more ›
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The company that wants you to #optoutside for Black Friday is having its sale early. Gear up for next year with these great deals on packs, sleeping bags, merino wool, and more. Read more ›
207 fresh
Battle-tested Ukrainians often wanted to keep shooting until Russians surrendered or died. That's key at times, but could be unsustainable at others. Read more ›
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The Information
At Tesla’s annual meeting earlier this month, shareholders showed little enthusiasm for a proposal that the electric vehicle maker invest in one of CEO Elon Musk’s other companies, xAI. But Musk’s revelation at the meeting that Tesla is considering building its own chip fabrication plant signaled another way his two companies could work together. Musk had already discussed plans for such a chip fab internally at Tesla months before the... Read more ›
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Microsoft will invest $5 billion in Anthropic, and Nvidia will invest $10 billion in the startup, the three companies announced on Tuesday. Meanwhile, Anthropic will spend at least $30 billion to rent servers from Microsoft’s Azure cloud equipped with Nvidia chips over an unspecified period, and ... Read more ›
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Apple’s succession plans for its next chief executive have accelerated, with its board and senior executives preparing for current CEO Tim Cook to step down potentially next year, according to the Financial Times. Any announcement of succession likely won’t happen until after late January when ... Read more ›
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Before we get to Gemini 3, we want to highlight this morning’s news that former Harvard University President Larry Summers has resigned from OpenAI’s board of directors following a congressional committee’s release of emails showing a personal correspondence between him and convicted sex offender Jeffrey Epstein. Summers had been on the board of the ChatGPT-maker for two years. His departure follows his decision to step back from public commitments in... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Grindr’s boardroom feud • Plus, our Recommendations: “Harry Potter and the Sorcerer’s Stone,” “A Biography of a Mountain” and “Materialists”A bit of housekeeping: The Information’s Weekend section is looking for a reporter for a beat we’re calling “tech wealth and culture.” This person will cover how Silicon Valley’s moguls live large—their pursuits, their pastimes—and how they spend their money. Here’s a... Read more ›
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The White House is working on an executive order that will direct the Justice Department to sue states that pass their own laws regulating artificial intelligence, according to a draft of the order reviewed by The Information. The order, which is still in the drafting phase, could change. The timeline for when it will be formally announced is also unclear. The move is part of a long-standing effort this year... Read more ›
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Thinking Machines Lab, the company co-founded by ex-OpenAI Chief Technology Officer Mira Murati, is in talks with potential investors to raise about $5 billion in the startup’s next round of funding, according to a person who spoke with Murati. That target would more than triple the capital the ... Read more ›
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Crypto exchange Kraken said on Wednesday it has confidentially filed for an initial public offering in the U.S., moving ahead with its plan to list despite a recent-sell of crypto-related stocks. The filing comes a day after it raised $200 million from Ken Griffin’s Citadel Securities at a $20 ... Read more ›
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SoftBank plans to invest up to $3 billion to remodel an electric vehicle plant in Lordstown, Ohio, that will produce equipment for OpenAI’s forthcoming data centers, according to two people with knowledge of the plans. The Japanese conglomerate, one of the largest investors in OpenAI, will use the factory to supply data center sites in Texas and multiple other unannounced locations, the people and another person with knowledge of the... Read more ›
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Blockchain.com, a crypto brokerage and wallet provider, is planning to go public next year, the company’s newly named co-chief executive revealed, aiming to list after several volatile years. The company said it promoted its president Lane Kasselman to be co-CEO, alongside its founder and CEO Peter Smith, as part of its listing efforts. Kasselman is a former Uber executive who has worked for the crypto firm for five years. The... Read more ›
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Most popular sources
Business Insider
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43% 13 |
Gizmodo
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11% 2 |
Engadget
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6% 2 |
Android Authority
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5% 5 |
The Verge
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4% 5 |
| View sources » | |
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21.11.2025 16:34
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