Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole.
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Yesterday
Why AMI Labs’ Alexandre LeBrun won’t call his AI ‘AGI’ or ‘superintelligence’; plus, Lululemon backs nylon recycling startup Syntetica
While everyone in AI is chasing "superintelligence." Alexandre LeBrun, CEO of Yann LeCun’s world model startup, AMI Labs, dismisses the word. Also, Syntetica, a French startup that has developed a novel approach to recycling nylon, has already obtained big-name partners and inves ... Show More
11m 47s
Jul 16
Rime picks up $24M Series A to help enterprises field customer calls; plus, the next trillion-dollar AI business is implementation, not models
Rime is handling over 100 million calls each month across multiple companies Also, Anthropic-backed Ode launches as AI labs bet that embedding forward-deployed engineers inside enterprises is the key to accelerating enterprise AI adoption. Learn more about your ad choices. Visit ... Show More
11m 25s
Jul 15
Hermes agent maker Nous Research in talks for new funding at $1.5B valuation; plus, Pinwheel launches a retro-inspired landline phone for kids
The company is raising at least $75 million, led by Robot, with significant participation from USV and other prominent investors. Also, kid-friendly tech company Pinwheel announced the launch of a new landline phone designed to let children stay connected without the distractions ... Show More
6m 47s
Jun 2023
The US banking system on life support
In March 2023 Silicon Valley Bank collapsed. It was the second largest banking failure in US history. The regulator, the FDIC, fired the management team and brought in a new person to run the institution while a buyer was found.As the former CEO of Fannie Mae, Tim Mayopoulus has ... Show More
18m 29s
Mar 2023
Special Episode: Silicon Valley Bank Goes Bust
Silicon Valley Bank collapsed on Friday — the second-largest bank failure in our nation’s history. In today’s special episode, Scott and Ed break down what happened, how it happened, and what might happen next. Scott also addresses government bailouts, the consolidation of bankin ... Show More
33m 50s
Mar 2023
SVB Failure, Keep Calm and Carry On
Silicon Valley Bank was shut down by federal regulators, marking the second largest failure of a U.S. financial institution in history. I joined CBS Mornings to discuss the collapse and the Federal Reserve's latest action.Have a money question? Email us, ask jill [at] jill on mon ... Show More
11m 18s