Andy Rubin, creator of Android and a former Google executive, has launched a new startup focused on humanoid robots, said a person with direct knowledge of the venture. His venture is the latest addition to the red-hot and frothy humanoid space, crowded with companies ranging from Tesla to startups such as Figure AI. Rubin’s startup, Genki Robotics, is based in Tokyo, where he is currently living, according to the person.... Read more ›
69
Silicon Valley startup accelerator Y Combinator won’t raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said. The partners who led the fund, Anu Hariharan and Ali Rowghani, plan to leave the firm, the two people said. The pair plan to set up a fund together, one of the people said. The decision comes during a sharp pullback in venture funding, particularly for... Read more ›
84
Crypto in many ways used to be a 24/7 market, but the escalating crisis among a set of small U.S. banks has upended that. Regulators’ abrupt closure Sunday of Signature Bank following Silvergate’s shuttering last week knocked out the two biggest crypto-friendly banks and also means the round-the-clock payment systems both offered have disappeared. Some signs of problems have already started to emerge. Crypto exchange Okcoin said that Signature was... Read more ›
15
What a weekend! The term “everything everywhere all at once” seems a better description for the turmoil sparked by Friday’s failure of Silicon Valley Bank than for an incomprehensible movie that’s up for an Oscar tonight. The good news is that the worst-case scenarios some on Twitter were broadcasting the past few days seem increasingly unlikely. A report on Bloomberg this afternoon suggested the Fed was poised to take steps... Read more ›
38
The influential investors that back startups pushed for government action and took other emergency measures Sunday to avoid the growing threat of furloughs if startups with money tied up at Silicon Valley Bank can’t meet payroll this week. With the clock ticking down to the government’s auction for Silicon Valley Bank’s assets, some lobbied lawmakers to suspend the California state law that would require companies to furlough employees if they... Read more ›
39
Regional banks are the likeliest bidders to prevail in the sale process for Silicon Valley Bank, people familiar with the matter said, as the Federal Deposit Insurance Corp. seeks a new buyer and sorts through the wreckage of the failed bank. The FDIC, which took over SVB on Friday, has sought bids from interested parties during the weekend. The regulator is looking for a bank that has the financial wherewithal... Read more ›
27
At least one Wall Street firm is sensing an opportunity in the panic around failed Silicon Valley Bank. Traders from Jefferies are contacting startup founders with money stuck at the bank, offering to buy their deposit claims at a discount, according to several people with direct knowledge of the matter. The firm is offering at least 70 cents on the dollar for deposit claims, one of the people said, although... Read more ›
3
Silicon Valley Bank’s collapse is sending shockwaves through a key piece of the crypto industry’s financial plumbing. The price of stablecoin USDC tumbled at one point lower than 88 cents Saturday morning, below its theoretical $1 peg, after its issuer, Circle, disclosed it has billions in cash on deposit at failed Silicon Valley Bank. While Circle has money on deposit with several other banks, the revelation raised questions about its... Read more ›
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Hi, welcome to your Weekend!I do not envy news media executives, who have difficult jobs in the best of times. This week was not the best of times, as our CEO Jessica Lessin could tell you. While captaining a newsroom going full-throttle to cover the cataclysmic collapse of Silicon Valley Bank, Jessica was also scrambling to ensure that The Information (an SVB customer) could make payroll and cover the rent.... Read more ›
30
The promise of Starlink is simple: You, city dweller, dream of holing up in a cabin, sailing the high seas or vagabonding across the country in an RV. But you’re still going to need an internet connection. Enter Starlink, the satellite internet provider operated by SpaceX that will beam high-speed internet down to you whether you’re living in the Australian Outback or just camping out of your Subaru Outback. But... Read more ›
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When Shuo Wang was 16, she got her first sales job and learned what she considers the biggest lesson in business. Despite not speaking English well, Wang sold scooters at flea markets in and around Washington, D.C., an offshoot of her mother’s business of selling motorcycles and scooters wholesale. Decades later, Wang attributes many of her sales skills to that first high school job and what it taught her: It’s... Read more ›
14
Meredith Kopit Levien exists in a perpetual yo-yo motion. Most weeks, the CEO of The New York Times Co. spends three days in New York—“sometimes more if needed”—where a pied-à-terre gives her easy access to the company’s landmark Eighth Avenue headquarters. The rest of the time she spends in Washington, D.C., where her family lives and where she keeps a house “in the District.” (“I am offended by people who... Read more ›
18
Silicon Valley Bank wasn't just a bank—it was a central artery in the venture capital circulatory system. VC firms recruiting new partners would tell them SVB could set them up with a mortgage in a day. The bank wined and dined the industry in Napa. It sponsored numerous events across the Valley. While other banks that routinely handled huge clients might barely give a startup founder the time of day,... Read more ›
26
As the weekend approached, startup founders with money stuck in Silicon Valley Bank raced to sell secondary shares and enter financing deals to meet payroll and other needs, a sign of the desperate dash for funds set off by the abrupt collapse of the tech-centric bank. Many startup founders signed up for loans based on the future revenues of their companies, according to Nathan Latka, CEO of Founderpath, a startup... Read more ›
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Thousands of businesses and investors are panicking after federal regulators on Friday froze their assets at Silicon Valley Bank in what was the second-biggest bank failure in U.S. history. From publicly-traded firms like Roku to privately-held startups like Shield AI, many SVB customers are girding for problems or scrambling to ensure they can make payroll. One thing is certain: their pain will be significantly lessened if regulators find a buyer... Read more ›
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The sudden collapse of Silicon Valley Bank sowed panic at hundreds of startups and venture capital firms that banked there and now must seek new ways to pay employees and access funds from their investors and customers. Founders and VC firms, which also kept billions of dollars worth of assets with SVB, on Friday rushed to figure out whether they could get loans to cover payroll if their funds were... Read more ›
7
Frank Luntz, the famed Republican pollster and communications guru, stood in awe listening to himself. “It sounds like I had a stroke,” Luntz called out from the back of a banquet room at the National Press Club on a blustery evening in downtown Washington. He and around 100 other attendees at the invitation-only gathering were hearing a deepfake version of his gravelly voice as it issued sweeping political proclamations. “Neither... Read more ›
0
Welcome back to the Pro Weekly. We hope you’re enjoying The Information Pro. And here’s a reminder to respond to the new reader survey, for which you received an email yesterday. This week, we added 11 companies to the Cloud Database, bringing the total to 76. Collectively, those companies spend more than $13 billion annually on cloud computing services, most of that at Amazon Web Services, Microsoft Azure and Google... Read more ›
0
Bankers have been evaluating a potential sale of Silicon Valley Bank, according to a person familiar with the matter, though it’s unclear whether a potential suitor would step forward at this point to buy a troubled institution whose shareholders and customers are fleeing. Shares of SVB were halted premarket after sliding 63% to $39.40 and didn’t begin trading with the rest of the stock market. As recently as Wednesday, the... Read more ›
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The panic over the status of Silicon Valley Bank intensified on Friday, as the stock of SVB’s parent fell another 66% in pre-trading hours. Meanwhile, anxieties spread to China overnight, prompting local venture capitalists and entrepreneurs to follow their U.S. counterparts and look for alternative banks for their U.S. dollar holdings. The fate of SVB is a huge concern in China, the world’s second-largest venture capital market after Silicon Valley,... Read more ›
39
What a panic. You might have thought a new coronavirus had surfaced in Silicon Valley Bank’s Santa Clara, Calif., headquarters, as SVB investors (and, apparently, depositors) rushed for the exits. SVB’s shares fell 60% in regular trading and another 21% after hours. This doesn’t seem likely to end well. My best guess is that SVB will get acquired by a bigger bank that can calm everyone down.The pity is that... Read more ›
15
Most popular sources
Business Insider
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47% 33 |
Android Authority
|
6% 5 |
Engadget
|
5% 1 |
Tom's Hardware
|
5% 2 |
Gizmodo
|
5% 11 |
| View sources » | |
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21.11.2025 18:00
Last update: 17:51 EDT.
News rating updated: 00:51.
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