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While SVB takeover saves AI startups, Big Tech continues AI power consolidation | The AI Beat

Over the weekend, the hype around generative AI went strangely quiet, as the fallout from the failure of Silicon Valley Bank rapidly rippled through the tech world. By Sunday, executives at thousands of AI startups with deposits in SVB breathed a sigh of relief, as top U.S. federal regulators announced that the FDIC will take control of the bank and protect all depositors.

In a Reuters report, Doktor Gurson, CEO of Berkeley-based Rad AI, which automates radiology and health system…

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