Signature Bank’s closure had ‘nothing to do with crypto’

New York’s financial regulator said its decision to close Signature Bank had “nothing to do with crypto,” citing what it called “a significant crisis of confidence in the bank’s leadership” that occurred over the weekend after regulators shuttered Silicon Valley Bank.

US banking regulator closes SVB as depositors pull cash

A US regulator has shut Silicon Valley Bank and appointed the Federal Deposit Insurance Corporation as the receiver.

U.S. seizes website selling malware that stole computer data

U.S. authorities said on Thursday they seized an internet domain that was selling malicious software criminals used to steal data from and take control of victims’ computers.

SoftBanks Arm aims to raise at least $8 billion in U.S. IPO

Arm Ltd, the British chip designer owned by Japan’s SoftBank Group Corp, is likely to aim to raise at least $8 billion from what is expected to be a blockbuster U.S. stock market launch this year, people familiar with the matter said on Sunday.

OpenAI to enable more customizations for enterprise and individual users

OpenAI, the creator of the buzzy chatbot ChatGPT, will release tools to give users more control over the generative AI system, while improving the models for both general and specific use cases, its CEO Sam Altman said Thursday.

OpenAI long-time backer Reid Hoffman leaves board

LinkedIn co-founder Reid Hoffman is leaving OpenAI’s board to avoid conflicts of interest as he backs more artificial intelligence companies, he said in an online post.

Musk predicts AI-powered robots will outnumber humans

Tesla’s boss has made a bold prediction about the popularity of humanoid robots in future while also unveiling plans to ramp up electric car production.