HSBC announced a deal to buy the UK Subsidiary of collapsed US Silicon Valley Bank

HSBC announced a deal to buy the U.K. arm of collapsed US tech startup lender Silicon Valley Bank. HSBC agreed to buy the SVB U.K. for £1. The transaction excludes the assets and liabilities of SVB U.K.’s parent company. HSBC Group CEO Noel Quinn, “The acquisition strengthens our commercial banking franchise and enhances our ability to serve…

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White House Aims to Shift Cybersecurity Burden to Tech Providers

The White House announced its much-awaited National Cyber Strategy. It provides a road map for how the White House administration aims to defend the USA from an increasing number of online threats. A key element of the new strategy consists of shifting the cybersecurity burden from individuals, local governments, and small businesses to software developers,…

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Samsung is Developing a Plan for Mixed Reality Products with Google and Qualcomm

Samsung is working on a plan for mixed reality products as per the statement from a senior executive for the South Korean technology giant. As per the statement, Samsung aims to push into products seen by many electronics manufacturers as key for future growth. Mixed reality is the next big revolution in the computing world like…

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