Silicon Valley Bank's meltdown shows that tech's elites need the government after all

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A man stands outside Silicon Valley Bank
Certain loud voices in the tech industry rail against big government and regulations. But when the government stepped in to help Silicon Valley Bank depositors, they welcomes it with open arms.

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Billionaire tech CEO says Meta and Google over-hired so much they didn't have enough work for employees: 'They really were doing nothing'

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A headshot of Thomas Siebel standing in front of a cloudy backdrop
Thomas Siebel, a billionaire tech CEO, says it's 'weird' that Meta and Google over-hired and didn't have jobs for them to do.

Courtesy of C3.ai

Y Combinator pulls back from late-stage startup investing to focus on its core accelerator program, and parts ways with 17 employees

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Garry Tan, founding and managing partner at Initialized Capital, posing in a hallway
Y Combinator president and CEO Garry Tan.

Oliver Covrett

Ohio lawmakers want kids to work longer hours, saying it'll keep them off TikTok

Tech Insider : Politics
tiktok on phone
Proposed law in Ohio may limit the amount of time high school students spend on social media apps like TikTok.

Jakub Porzycki/NurPhoto via Getty Images

Why Silicon Valley Bank's customers were bailed out

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svb silicon valley bank building cop

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Benchmark's Bill Gurley calls Silicon Valley Bank's collapse 'a black swan event' at SXSW, and casts aside criticism of the move to secure its depositors

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bill gurley
Veteran venture capitalist and general partner at Benchmark, Bill Gurley.

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The winners and losers of the Silicon Valley Bank failure

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Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.
Startup founders scrambled to get their funds out of Silicon Valley Bank after its collapse.

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A Tesla SUV drag raced 2 $500,000 supercars from Ferrari and Lamborghini — the results were too close to call

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The Tesla Model X Plaid (left), Ferrari SF90 Stradale (top left), and Lamborghini Aventador SVJ (bottom left)
The Tesla Model X Plaid has more than 1,000 horsepower and stands up to the Ferrari SF90 Stradale (top left) and Lamborghini Aventador SVJ (bottom left) in a drag race.

Tesla; Ferrari; Lamborghini

Silicon Valley Bank's collapse sent this tech founder into a 3-day panic, leading him to question: 'Am I good enough to do what I do?'

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Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
The founder and CEO of Torre, an online recruiting startup, said SVB's collapse made him question himself.

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Lowe's is testing 400-pound, egg-shaped autonomous robots to patrol parking lots at some of its stores

Tech Insider : Technology
Knightscope
Lowe's is testing Knightscope autonomous security robots.

Knightscope

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