OpenAI is the talk of the tech industry, and it's starting to be deployed by companies like Shopify, Snap, and Microsoft (NASDAQ: MSFT). But only one company has a large ownership stake in OpenAI, and it's the one way investors can get a piece of this disruptive company. Read More...
Reuters
SVB Financial shares slide again on concerns over balance sheet
The startup-focused bank’s shares slumped 60% on Thursday, its biggest loss ever, after disclosing plans to raise over $2 billion from investors to counter losses from the sale of its bond portfolio. SVB said its deposits were dropping faster than it had expected due to increased spending by its clients, largely technology and healthcare startups. Venture capital investments, a crucial source of funding for the bank’s clients, were also expected to be constrained in the near term as the U.S. Federal Reserve hikes rates, offering little hopes of a quick turnaround.
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