Samsung’s $230B bid to make South Korea a semiconductor superpower: A 20-year plan will result in five factories focusing on an array of chips that could secure South Korea’s dominance with no restrictions.
Insufficient AV safety testing keeps regulators blind: Autonomous semi-truck manufacturers could sacrifice jobs for lower logistics costs but truck safety ratings are still unknown. Independent research is needed.
We run down the status of the four most at-risk regional lenders following SVB’s collapse. And look at why the Big Six are better protected.
SVB leaves void of startup support in its wake: Depositors may get their money back but they’ll lose the go-to institution for young companies accessing capital. Brace for startup failures.
Ethics and AI innovation don’t mix at Microsoft: Disbanding ethicists could give the green light for pursuing AGI without limits. But tech history shows that public backlash can be costly.
GPT-4 unmasked as Bing’s bot: OpenAI released another generative AI model. We can expect it to light a fire under Google’s Bard efforts as the AI race gains momentum.
Trust remains crucial for banks as authorities tussle to stop panic and restore stability after the collapse of three banks.
They’ve closed crypto-lender Signature Bank to protect depositors and restore public confidence.
Apple accelerating AR pivot: Tim Cook is preparing to launch the awaited mixed-reality headset despite opposition saying it isn’t ready for prime time. What could go wrong?
The real cost of AI’s two-cent blog posts: The billions it costs to deploy generative AI at scale contrasts with cheap prices for end users that’s likely unsustainable long term.
SVB’s fall could set off more uncertainty in the tech sector: The collapse of a longtime cog in the country’s innovation engine will put additional strain on a tech sector already reeling from layoffs and losses.
ChatGPT as infotainment: GM hopes interest in generative AI and connected cars will make its ChatGPT integration pay off. Monetization difficulties and public distrust in AI could thwart the plan.
SVB collapse hits Roku and Roblox, among others: Trustpilot, with Vox Media also reportedly holding a "substantial concentration of cash" at the bank, but all depositors' funds are now fully protected by US authorities.
Xi Jinping moves to solidify control of China’s business, economy: A unanimous reappointment ensures Xi and his cohorts’ control over China’s future while businesses find workarounds for US restrictions.
GM can’t afford workers and EVs: It’s offering the bulk of its US salaried employees voluntary severance. We can expect inflation, high interest rates, and automation to weigh on industry jobs.
Chamber of Commerce wants the public to trust AI: It says tech regulation is necessary to achieve beneficial versus harmful outcomes. AI models trained on smaller data sets could help too.
TikTok assembles its legal team: Embargoes are escalating globally, forcing TikTok to refocus its efforts on upcoming legal battles. Legal woes could curtail growth and allow competitors to take back users and market share.
The tech sector that had propelled Silicon Valley Bank’s growth lost confidence in its viability and pivoted away from it. Are other tech-focused banks also in danger?
Banks are under pressure to slash costs amid weak dealmaking. Citi is cutting jobs but also spending big in a strategy shift.
Generative AI gains momentum across multiple industries: Generative AI, including ChatGPT, has led to a boom as companies and startups alike race to integrate it into their products and businesses find new applications.