Samsung Electronics reported a record quarterly revenue and a 31% increase in net profit for the three months through September, helped by strong demand for its chips and display panels. But the South Korean tech giant also warned that component shortages at some customers may affect demand for its chips in the fourth quarter. Samsung, which makes everything from smartphones and home...
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Surreal Estate real estate
Silicon Valley’s Realtors, Like Its Bankers, Are Having a Tough Month
In early March, Ken DeLeon, founder of DeLeon Realty, a Silicon Valley–based brokerage that sold more than $1 billion in homes in 2021, called one of his venture capitalist clients to discuss the purchase of a $20 million–plus megamansion. The client was flip-flopping between a cash offer and a loan. “First Republic Bank has a 10-year loan at 4.65%,” DeLeon informed...
Taking Aim at OpenAI, Databricks Releases ‘Dolly’ Language Model
UK Says Microsoft’s Activision Bid Won’t Harm Console Market, Dealing Blow to Sony
Heated Reaction in China to TikTok CEO’s U.S. Testimony
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The Instant Oral History of the Silicon Valley Bank Collapse
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
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