The Federal Deposit Insurance Corp took control of First Republic Bank over the weekend and immediately sold it to JPMorgan Chase, bringing to an end weeks of questions about the fate of the San Francisco bank, the latest casualty of this year’s banking crisis. First Republic has a high level of exposure to the technology industry, and many high-net-worth people in the Valley bank there. Some...
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Nvidia Deepens Push Into AWS’ Turf
Nvidia’s ambition to compete with Amazon Web Services is growing. Nvidia is best known for designing server chips for artificial intelligence, but it has been running a nascent cloud service for corporate customers that develop AI with those chips. Nvidia operates the service, DGX Cloud, with servers located in the data centers of Microsoft, Oracle and Google, which limits what Nvidia can...
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