Friday, March 17, 2023

SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and "believes it has approximately $2.2B of liquidity" (Ingrid Lunden/TechCrunch)

Ingrid Lunden / TechCrunch:
SVB Financial files for Chapter 11 bankruptcy protection in the SDNY Bankruptcy Court and “believes it has approximately $2.2B of liquidity”  —  One week after trading was halted for SVB Financial and regulators took control of the holding company for Silicon Valley Bank and other subsidiaries …



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US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech says AI that scores essay questions saved ~8,000 hours (Francesca Maglione/Bloomberg)

Francesca Maglione / Bloomberg : US colleges like Virginia Tech and Georgia Tech are using AI to streamline admissions; Virginia Tech say...