Has the saying goes, "go woke, go broke", Breitbart Media sub-headline "Go Woke, Go Bust". "Oh so woke, oh so green, oh so diverse Silicon Valley Bank (SVB) went bust this week".
It hasn't only impacted upon American companies, it has also impacted upon UK and EU lenders and it goes into billions. It does make one wonder how many Ai companies were with that San Francisco bank.
Of course their London branch has also gone down. SVB was the 16th largest bank in America.
BREITBART also report that SVB had 50% of its assets invested in bonds and Biden's inflation is being pointed at has one of the culprits. Another factor was "venture capitalists this week began advising their portfolio companies to diversify away from SVB".
SVB were funding a majority of the tech start-ups, so it begs the question how many of those companies were involved in Ai? Ai is a major threat to humanities existence has perfectly explained by Elon Musk and Dr Jordan Peterson.
No comments:
Post a Comment