The Stack: HSBC Rescues SVB UK in £1 Deal; Meta to Cut Workforce by 10,000
This week: HSBC deal saves SVB’s UK operations, Meta announces new wave of job cuts… Another dramatic week in ad tech began with fallout from Silicon Valley Bank’s collapse. The US and UK governments scrambled to protect investors’ funds, with HSBC [...]
Billion Dollar Boy's Thomas Walters on the UK Creative Sector, SVB, and Spotify
On this week's episode of The MadTech Podcast, Thomas Walters, founder and Europe CEO of Billion Dollar Boy, joins ExchangeWire staff writer Hannah Dillon and head of content John Still to discuss the UK's creative sector, HSBC rescuing SVB UK [...]
TikTok Faces US Ban Unless Chinese Owners Sell Stakes; UK to Invest £900m in “BritGPT”
In today's ExchangeWire news digest: the Biden administration threatens to ban TikTok unless its Chinese owners sell their stakes; the UK Treasury commits £900m to developing the country's AI strategy; and Stripe raises funding in excess of €6bn (~£13bn). US [...]
How Can We Measure Success in OOH?
Out of home (OOH) advertising has been uniquely able to evolve alongside advancements in both technology and society. Considered one of the oldest forms of advertising, OOH’s development is far from over, with the channel set for exponential growth across [...]
Meta to Cut 10,000 Staff; OpenAI Releases ChatGPT Successor GPT-4
In today’s ExchangeWire news digest: Meta has revealed it will cut a further 10,000 jobs under “efficiency” measures; OpenAI launches GPT-4, a follow up of its popular ChatGPT chatbot; and Samsung plans to invest around ₩300tn (~£189.6bn) in South Korea [...]
The MadTech Podcast Special: Generative AI and Creativity
R/GA's SVP executive creative director Nick Pringle joins ExchangeWire's John Still to discuss one of ad tech's hottest topics in recent months: Generative AI. In this special edition of The MadTech Podcast, Nick Pringle, SVP executive creative director at R/GA, joins [...]
SVB: What Happened and What Happens Next?
It’s been a rollercoaster few days for the tech world, as the downfall of Silicon Valley Bank (SVB) - the second-largest US bank crash ever - plunged the future of thousands of companies, from startups to conglomerates, into immediate doubt. Interventions [...]
ASOS Launches New Retail Media Formats; Meta Threatens to Pull News Content in Canada
In today's ExchangeWire news digest: online retailer ASOS expands its retail media offerings; Meta threatens to pull news content for Facebook users in Canada; and China disrupts projects to manage internet cables in the South China Sea. ASOS expands retail media [...]
‘We haven’t moved with the times’: Have your Say on the State of Privacy
In our latest in-depth look at our Industry Review pillars, we break down the major talking points around privacy, and how the next 12 months might play out. Despite Google’s continual can-kicking, third-party cookie deprecation does seem to be on the [...]
HSBC Buys Silicon Valley Bank in Last Minute Deal; Signature Bank Latest to Close as Crypto Crumbles
In today's ExchangeWire news digest: a last minute government deal by the UK government will see HSBC acquire Silicon Valley Bank; Signature Bank becomes the latest crypto-friendly institution to shut down; and Meta is reportedly working on a standalone app [...]
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