Engadget Podcast: Why did Silicon Valley Bank fail so hard?
And yes, there's even more AI news this week.
Silicon Valley Bank
US regulators will protect all deposits at Silicon Valley Bank
All depositors, including companies like Etsy and Roku, will gain immediate access to their funds.
Etsy warns of merchant payment processing delay due to Silicon Valley Bank collapse
The company hopes to resolve the issue within the next few business days.
USDC stablecoin breaks dollar peg following Silicon Valley Bank collapse
Circle, the company behind the cryptocurrency, had $3.3 billion at the financial institution.
Roku says it could lose 25 percent of its cash after Silicon Valley Bank fails
The company had nearly $500 million in “largely uninsured” deposits with SVB.
