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DOJ and SEC launch probes into Silicon Valley Bank after collapse

On Sunday, the Treasury Department, Federal Reserve and the FDIC said the government would back Silicon Valley Bank deposits beyond the federally insured ceiling of $250,000.
Silicon Valley Bank Headquarters As Shares Sink
Silicon Valley Bank Headquarters As Shares Sink
5h ago

OpenAI releases GPT-4, artificial intelligence that can 'see' and do taxes

The company said GPT-4 has capabilities its previous iteration did not have, including the ability to “reason” based on images users have uploaded.
The OpenAI website on a smartphone.
The OpenAI website on a smartphone.
11h ago

Google introducing A.I. tools to Gmail and Docs as part of larger push

The company is testing the AI products and making them accessible for a limited number of users of Workspace, which includes Gmail and Google’s productivity tools.
A man walks past the Google logo during the VivaTech trade fair in Paris,
A man walks past the Google logo during the VivaTech trade fair in Paris,
12h ago

Meta to lay off 10,000 more workers after initial cuts in November

In an SEC filing announcing the cuts, the company also said it anticipated lowered total expenses in 2023, from $86 billion to $92 billion.
Mark Zuckerberg, chief executive officer of Meta, arrives at federal court in San Jose, Calif., on Dec. 20, 2022.
Mark Zuckerberg, chief executive officer of Meta, arrives at federal court in San Jose, Calif., on Dec. 20, 2022.

Artificial intelligence can realistically replicate voices, raising new tech concerns

New artificial intelligence technology can replicate voices, giving users the ability to manufacture content involving celebrities, politicians or just about anyone. NBC News’ Gadi Schwartz shares more on the groundbreaking AI technology and the ethical implications.
Artificial intelligence can realistically replicate voices, raising new tech concerns
Artificial intelligence can realistically replicate voices, raising new tech concerns

Conservatives blame Silicon Valley Bank collapse on 'diversity' and 'woke' issues

The GOP was traditionally aligned with business, but an ascendant populist wing is more concerned with punishing businesses that espouse disfavored ideas.
Customers wait to enter Silicon Valley Bank headquarters in Santa Clara, Calif., US, on March 13, 2023.
Customers wait to enter Silicon Valley Bank headquarters in Santa Clara, Calif., US, on March 13, 2023.
2d ago

After mutiny, star sports host wins battle that became symbol of U.K. culture wars

Gary Lineker will return as the presenter of the country’s flagship soccer highlights program, ‘Match of the Day,’ after he was suspended in the wake of criticism from sections of the media and Conservative politicians.
BBC's Match of the Day presenter Gary Lineker outside his home in London on March 11, 2023.
BBC's Match of the Day presenter Gary Lineker outside his home in London on March 11, 2023.
2d ago

Panic and partying reign at SXSW amid Silicon Valley Bank’s collapse

At one of the biggest yearly events for the tech and startup scenes, the bank's demise has been a hot topic of conversation and consternation.
The SXSW Conference and Festival in Austin, Texas, on March 15, 2019.
The SXSW Conference and Festival in Austin, Texas, on March 15, 2019.
3d ago

Silicon Valley Bank employees received annual bonuses hours before government takeover

The payments were for work done in 2022 and had been in process days before the bank’s collapse, according to people with knowledge of the payments.
Silicon Valley Bank's headquarters in Santa Clara, Calif., on March 10, 2023.
Silicon Valley Bank's headquarters in Santa Clara, Calif., on March 10, 2023.
4d ago

Belgium bans TikTok from government phones after U.S. and E.U.

The Chinese-owned video sharing app will be temporarily prohibited from devices owned or paid for by the Belgium’s federal government for at least six months.
A teenager taps the TikTok app on a smartphone.
A teenager taps the TikTok app on a smartphone.

Former congressman is convicted of insider trading before T-Mobile merger with Sprint

Stephen Buyer was a Republican from Indiana who served in the House from 1993 to 2011.
Former U.S. Rep. Stephen Buyer, left, trails his lawyer as he leaves Manhattan federal court after pleading not guilty to charges that he participated in an insider trading scheme while working as a consultant, July 27, 2022, in New York. Buyer went on trial Wednesday, March 1, 2023, on insider trading charges, accused of illegally garnering stock windfalls by exploiting his consulting clients' corporate secrets years after he left Congress. (AP Photo/Larry Neumeister, File)
Former U.S. Rep. Stephen Buyer, left, trails his lawyer as he leaves Manhattan federal court after pleading not guilty to charges that he participated in an insider trading scheme while working as a consultant, July 27, 2022, in New York. Buyer went on trial Wednesday, March 1, 2023, on insider trading charges, accused of illegally garnering stock windfalls by exploiting his consulting clients' corporate secrets years after he left Congress. (AP Photo/Larry Neumeister, File)