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Y Combinator sends petition to US government; seeks relief, attention over SVB crisis

The petition, written by Y Combinator president Garry Tan, has been signed by over 3,500 CEOs and founders. The signatories also include almost two dozen startups with a base in India.

from Tech-Economic Times https://ift.tt/iXxJI3M

Silicon Valley Bank collapse: top developments so far

Silicon Valley Bank (SVB) — a prominent tech-focused bank managing funds of close to about 40% of US startups — was shut down by a California regulator triggering panic within the startup ecosystem.

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Worry for tech startups after Silicon Valley Bank failure

The company previously boasted that "nearly half" of technology and life science companies that had US funding banked with them, leading many to worry about the possible ripple effects of its collapse.

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As Silicon Valley Bank crash hits home investors, fintechs help cash-crunched Indian startups

Look to ease working capital freeze with emergency services for small, mid-stage firms

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Meta to end news access for Canadians if Online News Act becomes law

The "Online News Act," or House of Commons bill C-18, introduced in April last year laid out rules to force platforms like Meta and Alphabet Inc.'s Google to negotiate commercial deals and pay news publishers for their content.

from Tech-Economic Times https://ift.tt/sUvIr82

How Silicon Valley Bank served the tech industry and beyond

As the world starts to assess the fallout of the biggest bank collapse since the 2008 financial crisis, here are the various ways the bank of Silicon Valley stretched its tentacles around the tech industry and beyond.

from Tech-Economic Times https://ift.tt/sOXY4rH

Apple may drive jobs as India put on speed dial for manufacturing

About 1,20,000 new positions may open in FY24, mostly in manufacturing; nos may rise to at least 3,00,000 by FY26.

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Yellow.ai deploys 30% of global generative AI bots domestically

While markets like the US are mostly using GenAI for customer support in a bid to cut costs, India Inc. is using them as an opportunity to g...