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…
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,…
AT&T Inc, the second-biggest USA wireless carrier, is seeking a sale of its cybersecurity division, potentially to do away with its acquisition five years ago. The sale of the cybersecurity division would add to a series of divestments AT&T has turned to for paying down its debt. AT&T Inc purchased Time Warner Inc. for $108.7…
ChatGPT maker OpenAI recently introduced a tool with the aim to check whether the text is human-written or AI-written. OpenAI is frequently in News since it introduced ChatGPT, which generates text as per the instruction of a person but it may seem like human-written. Following the constant wave of attention, Microsoft in the previous week announced an investment in…
