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Bloomberg Tech

Silvergate Plans to Shut Down, Rent the Runaway's Avant Garde

Bloomberg Tech

Bloomberg

Tech News, Business News, News

4.469 Ratings

🗓️ 8 March 2023

⏱️ 45 minutes

🧾️ Download transcript

Summary

Bloomberg's Caroline Hyde and Ed Ludlow discuss Silvergate Capital's intent to wind down operations and voluntarily liquidate, the guardrails needed for generative AI, and how Rent the Runway is leaning in to a more cost conscious consumer. 

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Transcript

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0:00.0

Join Stacey Abrams, Leib Shriver, Gina McCarthy, and more of the planet's environmental

0:06.2

leaders and problem solvers for the Bloomberg Green Festival in Seattle, July 10th to the 13th.

0:12.8

Title sponsor Amazon, Official Airline, Alaska Airlines.

0:17.6

Supporting sponsor, Providence.

0:19.9

Contributing sponsor, Wareyerhauser.

0:22.6

Get 40% off using promo code Radio 40

0:26.0

at Bloomberg's World. I'm Caroline Hyde at Bloomberg's world headquarters in New York.

0:46.0

And I'm at Luddler in San Francisco.

0:48.0

This is Bloomberg Technology.

0:50.0

Coming up, Silvergate plans to wind down operations and liquidate what it means for the rest of

0:54.8

crypto.

0:55.8

Then Google's VP for trust and safety joins us to talk about the guardrails needed for

1:01.6

generative AI.

1:03.0

And Rent the Runway CEO discusses how the fashion rental is leaning in

1:07.1

to a more cost conscious consumer.

1:09.7

But first, from the micro individual companies

1:12.0

to the macro where we've seen well actually a little bit

1:15.3

more of a mood shift just towards later trade. Powell once again the chair of the Federal

1:20.8

Reserve up on Capitol Hill and look didn't give much to alleviate

1:24.0

the anxiety around whether interest rates are going to be rising but we did

1:26.8

manage to see the Nasdaq the Tech Heavy benchmark push up for 10% recovering

1:30.7

some of yesterday's sell-off. We're looking at in particular the

...

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