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Tracing Stablecoin Contagion during the USDC Depeg after the Silicon Valley Bank Collapse
new Abstract: The March 2023 collapse of Silicon Valley Bank (SVB) disrupted the core premise of stablecoins, which are digital tokens designed to maintain a fixed value against the U.S. dollar and serve as on-chain substitutes for dollar liquidity. The event triggered a sharp depeg of USDC, creating a rare exogenous shock to the stablecoin ecosystem. While price deviations during this crisis are well documented, the underlying behavioral reorganization of on-chain activity remains less...
The Vatican Takes on Silicon Valley With an A.I. Warning
Pope Leo XIV’s first encyclical takes aim at artificial intelligence and Silicon Valley’s lock on the technology.
Silicon Valley including Meta has embraced Maga politics, says Nick Clegg
Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasonsSilicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said. Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in...
Silicon Valley including Meta has embraced Maga politics, says Nick Clegg
Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasonsSilicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said. Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in...
Silicon Valley including Meta has embraced Maga politics, says Nick Clegg
Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasonsSilicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said. Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in...
Silicon Valley including Meta has embraced Maga politics, says Nick Clegg
Meta’s former head of global affairs says executives pivoted right in some cases for ‘rather more self-interested’ reasonsSilicon Valley companies including Meta have decided to embrace Maga politics, some for “rather more self-interested” reasons, the former UK deputy prime minister Nick Clegg has said. Clegg, who spent nearly seven years at Meta as the head of global affairs, told The Rest is Money podcast that it felt like “a very good time for me to move on” when he left the company in...
Silicon Valley’s new buyout playbook is hitting Wall Street
Venture capital is buying its way into the artificial intelligence transformation that enterprise software hasn't delivered. Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside. The bet puts VCs on offense and leaves traditional private equity, which spent the last cycle buying enterprise software at peak prices, on defense.
Spencer Pratt rides Big Tech’s rightward wave as latest Silicon Valley titan opens wallet
Google co-founder Sergey Brin just became the latest high-profile member of the tech world to throw his financial support behind a Republican. Brin gave Los Angeles mayoral candidate Spencer Pratt a maximum donation of $1,800 on May 27, according to municipal campaign finance records. Other big names in tech making contributions to the mayoral hopeful include Palantir’s chief technology officer, SpaceX’s director of solar production, a communications executive at TikTok, the co-chairman and...
Apple to make AI software push at upcoming Silicon Valley conference
The tech giant is expected to launch new AI integration into its software and changes to the voice assistant, Siri. Apple will be setting its artificial intelligence (AI) agenda at its annual developers conference this week. The Worldwide Developers Conference (WWDC), an information technology conference held annually both online and on-location in Apple Park, regularly focuses on software updates.
As A.I. Fever Rises in Silicon Valley, Pope Leo Has a Few Words
The American pope wants to take artificial intelligence down a notch. Is he challenging the tech companies, or will tech take over the papacy?