What Caused the Collapse of Silicon Valley Bank?

The cost of the US war with Iran was not included in President Trump’s request for a massive $1.5 trillion military budget for 2027, according to a Pentagon budget official. “This budget was formulated, honestly, before we went into conflict with Iran,” Jules Hurst III, the Pentagon’s acting chief financial officer, told reporters on April […]

The Latest AI Developments In 60 Seconds As the tempo of AI newsflow approached the frenzied rollercoaster pace of geopolitical headlines during the biggest oil shock in decades, it's becoming easy to get lost in all the latest developments and drama surrounding OpenAI, Anthropic, Nvidia, government blacklists, the AI circle jerk, sentinent killer robots, and so on... To help readers keep on top of things, we are launching a brief AI news roundup, which should help you get up to speed in under 60 seconds.  Here are the four main things you...

Microsoft Freezes Hiring In Cloud And Sales As Stock Suffers Worst Start To Year On Record Microsoft shares were trading lower Thursday afternoon, leaving the stock deeper in bear-market territory and down about 24% on the year. Seasonal data suggests it is the worst start to a year for Microsoft on record.  A new report from The Information says Microsoft executives have instructed managers across major divisions, including Azure cloud and North American sales, to freeze hiring as part of a broader effort to reduce costs and boost margins ahead of...