The Latest Breaking News from Garry Tan

Department of Government Efficiency head says he wants to test whether federal employees are ‘capable of replying to an email’

Former Google CEO Eric Schmidt claims no evidence shows the scaling law has begun, stunting the development of advanced AI models. He says AI models will scale great heights leading to dangers such as cyberattacks and new forms of warfare.

The public offering is on track to be a smaller exit for SoftBank than what a NVIDIA acquisition would have offered.

The accelerator's focus on net revenue is to "encourage people to build businesses of real, great value."

Regulators rushed Friday to seize the assets of one of Silicon Valley's top banks, marking the largest failure of a US financial institution since the height of the financial crisis almost 15 years ago. Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week…

The implosion of Silicon Valley Bank could force hundreds of tech startups to lay off workers or shut down completely. It remains unclear how much, if any, of depositors' money will be returned.

The founder of Pershing Square Capital Management said the collapse of Silicon Valley Bank "could destroy a long-term driver of the economy."

Jen Wolf and Brett Gibson lay out the future of the early-stage VC firm.