Banking regulators devised a plan Sunday to backstop depositors with money at Silicon Valley Bank, writes Jeff Cox.
Here is the link: https://www.cnbc.com/2023/03/12/regulators-unveil-plan-to-stem-damage-from-svb-collapse.html
U.S. government steps in and says people with funds deposited at SVB will be able to access their money — CNBC
Just in
Series B
ArmorCode raises $40M
Palo Alto, Calif.-based ArmorCode, a company specializing in Application Security Posture Management (ASPM) and Risk-Based Vulnerability Management (RBVM), has raised a $40 million Series B funding round.
Industry
IBM unveils Heron processor and Quantum System Two
IBM unveiled the Quantum Heron processor at the company's annual Quantum Summit in New York on Monday, along with Quantum System Two, a modular quantum computer featuring three IBM Heron processors.
Around the web
Microsoft joins OpenAI’s board with Sam Altman officially back as CEO — The Verge
Sam Altman is officially OpenAI’s CEO again, writes Alex Heath.
IT
ServiceNow, AWS announce strategic collaboration
ServiceNow and Amazon Web Services (AWS) have entered into a five-year Strategic Collaboration Agreement (SCA).
IT
AWS, Salesforce expand strategic partnership
Amazon Web Services (AWS) and Salesforce announced an expansion of their global strategic partnership, deepening product integrations across data and artificial intelligence (AI), and for the first time offering select Salesforce products on the AWS Marketplace.