Welcome to the Wednesday Crunch!
Hellooooo, and welcome to the latest edition of The Daily Crunch. We’ve got a packed issue for you today, covering everything from the latest SVB news to new funding rounds and product launches.
SVB’s New CEO Speaks Out
In a private Zoom meeting with select LPs and investors, Tim Mayopoulos, the newly appointed CEO of Silicon Valley Bank (SVB), asked clients to return deposits to the institution. This development comes after a tumultuous week for SVB, which has seen significant turmoil in the wake of its collapse.
Mint Mobile Acquisition
In other news, T-Mobile is acquiring Mint Mobile’s parent company in a deal valued at $1.35 billion. According to reports, this move indicates that T-Mobile is looking to boost its prepaid offerings.
OpenAI and GPT-4
Meanwhile, OpenAI has announced the launch of its new GPT-4 model, which promises to be even more powerful than its predecessor. However, some experts have raised concerns about the potential risks associated with these advanced AI models.
Startups and Funding
We’ve also got a roundup of the latest funding rounds, including news from Thoras, Steppin, and Xiaohongshu. Additionally, we’re tracking the impact of SVB’s collapse on the startup ecosystem, with many companies facing uncertainty about their future.
Product Launches
In other product news, Tesla has launched its new home battery without solar panels, while Carrot Weather has introduced a chatbot with a ChatGPT update that promises to deliver weather forecasts with a dash of humor.
Industry News
Finally, we’ve got updates on the ongoing saga surrounding Dish’s ransomware attack and the latest blow to Meta from a European court ruling.
Stay Up-to-Date with The Daily Crunch
Be sure to subscribe to our newsletters for the latest news and analysis in the world of startups and technology. Follow us on social media for breaking news and updates throughout the day.
Daily Crunch: The Top Stories in Tech
- SVB’s New CEO Asks Clients to Return Deposits: In a private Zoom meeting, Tim Mayopoulos asked clients to return deposits to Silicon Valley Bank (SVB).
- T-Mobile Acquires Mint Mobile’s Parent Company: T-Mobile is acquiring Mint Mobile’s parent company in a deal valued at $1.35 billion.
- OpenAI Launches GPT-4: OpenAI has announced the launch of its new GPT-4 model, promising to be even more powerful than its predecessor.
- Thoras Raises Funding for Cloud Reliability: Thoras has raised funding to help companies reach reliability without overspending on cloud costs.
What’s Next in Tech?
Stay ahead of the curve with our expert analysis and insights into the latest trends and developments in the world of startups and technology.
Startups Weekly: The Core of TechCrunch
Get the best coverage from TechCrunch delivered straight to your inbox every week. Sign up for Startups Weekly today!
TechCrunch Daily News: Every Weekday and Sunday
Stay up-to-date with the latest news and analysis in the world of startups and technology. Subscribe to TechCrunch Daily News today!
Subscribe to Our Newsletters
Don’t miss out on the latest news and updates from TechCrunch. Subscribe to our newsletters for:
- Daily Crunch: Get the top stories in tech delivered straight to your inbox.
- Startups Weekly: Stay ahead of the curve with expert analysis and insights into the latest trends and developments in startups.
- TechCrunch Daily News: Get the best coverage from TechCrunch delivered every weekday and Sunday.
By submitting your email, you agree to our Terms and Privacy Notice.