UK Part of Silicon Valley Bank Bought UK HSBC for $1.2

March 13, 2023 by Brian Wang

HSBC Holdings plc announces that its UK ring-fenced subsidiary, HSBC UK Bank plc, is acquiring Silicon Valley Bank UK Limited (SVB UK) for £1. As at 10 March 2023, SVB UK had loans of around £5.5bn and deposits of around £6.7bn. For the financial year ending 31 December 2022, SVB UK recorded a profit before …

ChatGPT Competitor Anthropic Has Raised Over $1 Billion

March 8, 2023 by Brian Wang

Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic. Google invested $400 million in Anthropic. Anthropic is a competitor to OpenAI which makes ChatGPT. Anthropic is now valued at 4.1 billion. Anthropic was founded in 2021 by former senior members of OpenAI, principally siblings Daniela Amodei and Dario Amodei, the latter …