venture capital funds
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OpenAI’s ChatGPT Secures $300 Million Financing with Multi-Billion Dollar Valuation
According to reports, the start-up company OpenAI behind ChatGPT has completed a new financing of $300 million, with a valuation of $27 to $29 billion. Venture capital companies pa
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Cryptocurrency is not the culprit for banks’ bankruptcy; it’s the Federal Reserve
According to reports, Cathie Wood, founder of ARK Invest, stated on Twitter that cryptocurrency had not led to the bankruptcy of Silicon Valley banks and Signature, and that the “culprit” was the Federal Reserve. Due to the shortage of venture capital funds and the high yield of money market funds, deposits have left the US banking system. Cathie Wood believes that regulators use cryptocurrency as a scapegoat for their regulatory failures in traditional banking. Cathie Wood: The Federal Reserve is the “culprit” in the bankruptcy of Silicon Valley banks and Signature Analysis based on this information:Cathie Wood, the founder of ARK Invest, is renowned for her work as an investor in disruptive technologies and cutting-edge breakthroughs in the finance sector. In a recent post on Twitter, she stated that while cryptocurrency has been blamed for the bankruptcy of Silicon Valley banks and Signature, the Federal Reserve is the real culprit. Apparently, the shortage of venture capital funds and the high…