2023-04-22
This is a big development. It sounds very techy, but Google has just merged its two Artificial Intelligence research units into one...based in the UK. There is going to be lots of competition and a long way to go, but this is a significant step. https://www.wsj.com/...
Wall Street Journal
Google announces Google DeepMind, a unit combining DeepMind's team and Google Research's Brain team, to be led by DeepMind co-founder Demis Hassabis as its CEO
2023-04-21
This is a big development. It sounds very techy, but Google has just merged its two Artificial Intelligence research units into one...based in the UK. There is going to be lots of competition and a long way to go, but this is a significant step. https://www.wsj.com/...
Wall Street Journal
Google announces Google DeepMind, a unit combining DeepMind's team and Google Research's Brain team, to be led by DeepMind co-founder Demis Hassabis as its CEO
two sides of incumbent disruption. Miles Kruppa / @mileskruppa : Google is merging its two AI research units into something called “Google DeepMind” led by DeepMind co-founder and ...
2023-03-14
This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise
Reuters
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Vall...
This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise
New York Times
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
2023-03-13
This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise
U.S. Department of the Treasury
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC Deposits will be protected, with no taxpayer support I said yesterday that we would look after our tech sector, and we have worked urgently to deliver that promise
Reuters
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.