Rishi Sunak says Microsoft plans to spend £2.5B in the UK over three years, its largest investment there to date, to underpin AI and bring 20K GPUs to the UK
Sarah Young / Reuters :
The UK plans to boost spending on computing power to develop AI by £500M over two years, bringing its total planned investment to more than £1.5B
Government to boost spending on computing power by £500mn to develop artificial intelligence
The UK CMA says Microsoft's revised offer to acquire Activision Blizzard for $69B, which includes selling some gaming rights to Ubisoft, addresses its concerns
new consultation suggests an end to the drawn-out Activision Blizzard acquisition saga Oli Welsh / Polygon : A Ubisoft sale clears the final obstruction for the Microsoft-Activisio...
Signature's and SVB's collapse was aided by GOP-led Dodd-Frank reforms that raised the “stress test” threshold from $50B to $250B, pushed for by SVB executives
Officials with Signature and Silicon Valley banks, which regulators seized in recent days, called for looser financial requirements for midsize banks.
HSBC acquires Silicon Valley Bank's UK arm for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B in loans and ~£6.7B in deposits
Sale Facilitated by Government, Bank of England Tweets: Jeremy Hunt / @jeremy_hunt : This morning, the Government and the Bank of England facilitated a private sale of Silicon Vall...
The US Treasury, Federal Reserve, and the FDIC say all Silicon Valley Bank depositors will be “fully” protected, and their money will be available on March 13
WASHINGTON, DC — The following statement was released by Secretary of the Treasury Janet L. Yellen …
HSBC plans to acquire Silicon Valley Bank UK for £1, citing “strategic sense for our business”; as of March 10, SVB UK had ~£5.5B loans and ~£6.7B deposits
HSBC (HSBA.L) said on Monday it is acquiring the UK subsidiary of Silicon Valley Bank for 1 pound.
UK Chancellor Rishi Sunak asks the Royal Mint to issue an NFT by the summer, as the Treasury plans a “forward-looking approach” towards crypto assets
Lily Russell-Jones / City A.M. : Source: @hmtreasury .
UK's Met Office and Microsoft plan to build a weather forecasting supercomputer in the UK for more detailed weather models, better local forecasts, and more
The Met Office is working with Microsoft to build a weather forecasting supercomputer in the UK.
The Bank of England and the UK Treasury jointly create a taskforce to explore a potential central bank digital currency
Quick Take — The Bank of England and HM Treasury have jointly created a CBDC taskforce. — They will explore a potential digital currency in the U.K.