The Federal Deposit Insurance Corp. said Monday it had tapped former Fannie Mae CEO Tim Mayopoulos as chief of the “bridge bank” that will open Monday and operate until the FDIC secures buyers for Silicon Valley Bank. SVB’s depositors will have full access to all their money starting this morning, when Silicon Valley Bank NA, the bridge bank, opens with normal hours and bank activities,...
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An AI Researcher Tries to Build Good AI While Burning Down the Bad
In the hours after Margaret Mitchell was fired by Google over email in February 2021, she ran to the bathroom and threw up. “I was just so terrified that I was never going to get a job in tech again, that my name had been scarlet lettered,” she told me over an hourlong Zoom this week, calling from her home outside Seattle. That was not the case. In the ensuing days and weeks, as her...
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