OpenAI CEO Sam Altman sent startup six-figure loan to make payroll after Silicon Valley Bank collapse, report says
OpenAI CEO Sam Altman reportedly gave money to the startup Rad AI to help it survive the collapse of Silicon Valley Bank.OpenAI CEO Sam Altman is among tech execs giving money to startups after Silicon Valley Bank's collapse.
Altman told Reuters startups need money to pay employees and bills while SVB's situation is addressed.Sign up for our newsletter for the latest tech news and scoops — delivered daily to your inbox.
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US Treasury's Yellen expressed confidence in regulators after meeting on SVBU.S. Treasury Secretary Janet Yellen met with banking regulators on Friday to discuss the collapse of SVB Financial Group and expressed 'full confidence' in their abilities to respond to the situation and that the U.S. banking system remains resilient, the Treasury Department said.
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