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MTC Show - Bank Runs, Self-Driving Cars, and AI Chat to Go for a Ride
MTC Show

MTC Show - Bank Runs, Self-Driving Cars, and AI Chat to Go for a Ride

Plus 7 other mobility tech and connectivity news developments and headlines

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Ryan Gerardi
Mar 22, 2023
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MTC Show - Bank Runs, Self-Driving Cars, and AI Chat to Go for a Ride
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The MTC Show

Over the last two weeks since our previous show, Silicon Valley Bank stole the headlines with its bank run on March 8 and ensuing takeover by the Fed after announcing a $1.75bn capital raising. The need for cash was reported to be to cover losses with bond investments, estimated to be in the area of $21bn. Analysts say the losses were a direct result of…

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