Page 2 - Silicon Valley

Defunct SVB Group to sell Indian subsidiary to First Citizens Bancshares

SVB Financial Group is currently seeking approval from a bankruptcy court, with a hearing scheduled for April 9. The company anticipates that the transaction will close after this hearing

Nvidia CEO Jensen Huang unveils successor to its all-conquering AI chip

Huang, Nvidia's co-founder, said AI is the driving force in a fundamental change in the economy and that Blackwell chips are "the engine to power this new industrial revolution"

Bengaluru's water crisis is a call for urgent action amidst urban chaos

Tech firms embrace innovative water conservation measures, residents make do with less

Year after Silicon Valley Bank crisis, a struggle over what needs to change

Regulators say they are now paying closer attention to midsize banks, recognizing that problems can quickly spread between banks with diverse geographic footprints and customer bases

Bengaluru water crisis to impact local industries in coming weeks: Experts

The concern of a water crisis is already making local federations and industrial bodies to work with government closely so that impact can be minimal

What algorithms can do

From automated trading to shopping, Marek Kowalkiewicz's book explores the far-reaching impacts of algorithms on industries, individuals, and innovation

US Revenue Service body seeks more than $1 bn from collapsed SVB for taxes

The complaint comes on the heels of a similar one from New York City, which is trying to collect more than $2.1 million in back taxes it claims Silicon Valley Bank owes

GPT-4 poses little risk of in creation of bioweapons, says OpenAI

For months, lawmakers and even some tech executives have raised concerns about whether AI can make it easier for bad actors to develop biological weapons

ChatGPT violated European privacy laws, Italy tells chatbot maker OpenAI

Italian regulators said they told OpenAI that its ChatGPT artificial intelligence chatbot has violated European Union's stringent data privacy rules. The country's data protection authority, known as Garante, said on Monday that it notified San Francisco-based OpenAI of breaches of the EU rules, known as General Data Protection Regulation. The watchdog started investigating ChatGPT last year, when it temporarily banned within Italy the chatbot that can produce text, images and sound in response to users' questions. Based on the results of its fact-finding activity," the watchdog said it concluded that the available evidence pointed to the existence of breaches of the provisions in the EU privacy rules. OpenAI has 30 days to reply to the allegations. It didn't respond immediately to a request for comment. The company said last year that it fulfilled a raft of conditions that the Garante demanded to get the ChatGPT ban lifted. The watchdog had imposed the ban after finding that some

Global watchdog to report in October on how social media fuels bank runs

A U.S. regulator last week called for new liquidity rules to cope with outflows over five days

OpenAI bans developer for bot mimicking US lawmaker, says repor

'We recently removed a developer account that was knowingly violating our API usage policies which disallow political campaigning, or impersonating an individual without consent,' OpenAI said

UK plans new framework to tackle small bank failures after SVB collapse

The proposals would require the industry to meet some costs associated with the bank failures rather than the taxpayer, Britain's Treasury said

Silicon Valley startups had their worst funding year since 2019, shows data

Over the last 12 months, investors poured money into artificial intelligence startups, but the rest of the industry foundered.

Indian American varsity in Silicon Valley will have courses in AI & medical

The University of SiliconAndhra, the first-of-its-kind university in the US, being run by Indian Americans and offering courses in Indian dances and languages, is now expanding to a sprawling campus that would have a medical college, an international standard cricket stadium and is launching new courses in advance technologies like artificial intelligence. Many people can't believe that there is a university that offers graduate programmes in Indian arts and languages...Initially, we had students only from the United States, but now we have students even from India, Malaysia, South Africa and Dubai, Anand Kuchibhotla, president of the University of SiliconAndhra told PTI in a recent interview. Accredited by WASC Senior College and University Commission (WSCUC), a US Department of Education recognised and approved accrediting agency in the United States, the University of SiliconAndhra currently has its main campus in Milpitas, California. At present, it offers six Master of Arts, fi

OpenAI CEO Sam Altman's ouster was a result of drawn-out tensions

The statement, devoid of any details, was the opening volley in a power struggle that played out almost entirely behind closed doors

Satya and my top priority remains to ensure OpenAI thrives: Sam Altman

He said that the OpenAI and Microsoft partnership will make this very doable

Doomed mission behind Sam Altman's shocking firing from OpenAI by board

At the event on Nov. 6, Altman made a number of announcements that infuriated Sutskever and people sympathetic to his point of view, the source said

In a 1st, artificial intelligence company from Silicon Valley enters Bihar

A Silicon Valley-based Artificial Intelligence company has opened an office in Bihar, making it the first IT company from the US to enter the state. Tiger Analytics, headquartered in Santa Clara, has opened its first office in Patna this month. We are hoping that the initial step that we are taking, can lead to a lot of progress down the road, Mahesh Kumar, founder and CEO of Tiger Analytics, told PTI in a recent interview. The company currently has some 4,000 employees in India, but they are mostly in Chennai, Bangalore and Hyderabad. Kumar, who is himself from Bihar, said during the COVID crisis a large number of its employees went back home to Bihar and started working remotely. We have close to a hundred people between Bihar and Jharkhand right now. They're working remotely and they were happy there, they didn't want to come back, he said. So, we realised that they're very good talented people, young people, they want to stay close to home but there are no opportunities in Bi

Chinese President Xi's Silicon Valley of the East faces slowdown woes

The country's economic slowdown, driven in part by tensions with the US and a slumping property market, is now starting to weigh on the project

Pioneering the data broker industry

Asher had an abusive childhood, treated women in his life poorly, was prone to dark moods and explosive management, and had a highly gifted technical mind