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Silicon Valley Bank implodes, Apple launches a new music service, and ChatGPT goes enterprise

TechCrunch

most read Silicon Valley Bank implodes: Silicon Valley Bank Financial, the publicly traded holding firm of Silicon Valley Bank (SVB), is in crisis. Venture firms advised portfolio companies to move money out of SVB after the bank said it would book a $1.8 Don’t miss it. Now on to WiR. million patients in the U.S.

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Teen banking service Step raises $50M, adds TikTok star Charli D’Amelio to investor list

TechCrunch

Step , a mobile banking service aimed at teens , announced this morning it has raised $50 million in Series B funding after growing to over 500,000 users only two months after its official launch. Combining P2P and banking in one platform has proven so far to be fairly popular. million and 34.4 million followers, respectively. .

Banking 265
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Social stock trading services Public raises $65M Series C

TechCrunch

Less than a year after it raised a $15 million Series B, Public , a social-focused free stock trading service, has raised a $65 million Series C. The founding duo told TechCrunch that they had plenty of cash in the bank from their preceding round, but saw the raise as a way to double-down on their model.

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Mark Cuban-backed fintech Dave’s public offering puts SPACs to the test

TechCrunch

But not every company going public via a SPAC is an EV company with an issue telling the truth or a social networking “company” of a former president famous for sporting a lack of connection to reality. Dave is a consumer financial service focused on helping folks pay less in terms of banking fees.

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Metaverse: The time for CIOs to experiment is now

CIO

To help CIOs figure out what they should be doing with the metaverse, I queried a select group of CXOs at large enterprises about their metaverse plans and immersed myself for several weeks digesting and synthesizing as much information as possible on the topic, including a series of exercises I posed on various social media platforms.

VR 360
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How to create a culture of innovation

CIO

Another app is designed to teach socialization and concepts of inclusion so that the athletes can engage and compete through the app. “We Through that, [Olympians] are able to do sports-based activities and compete against other high schools. Laura Merling, chief transformation and operations officer, Arvest Bank. Arvest Bank.

Culture 329
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More funding flows into Pipe, as buzzy fintech raises $250M at a $2B valuation

TechCrunch

The investment comes about 2 ½ months after Pipe raised $50 million in “strategic equity funding” from a slew of high-profile investors such as Siemens’ Next47 and Jim Pallotta’s Raptor Group, Shopify, Slack, HubSpot, Okta and Social Capital’s Chamath Palihapitiya. Even VC firms are users. This is what differentiates us so massively.”.

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