Following the collapse of Silicon Valley Bank earlier this week, officials in Washington, D.C., were expressing their concern. The effects of the collapse are also being felt among small business owners, and even overseas. Willie James Inman has the details.

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US Treasury Secretary Janet Yellen has said the government is not looking at bailing out Silicon Valley Bank, the sixteenth largest in the country, after it was shut down by US regulators on Friday.
Authorities said they were worried about the banks liquidity after it lost money while selling assets. The concerns prompted the bank's depositers, mainly tech companies, to rush to withdraw funds sparking fears over the wider banking sector.
British finance minister Jeremy Hunt said the bank's failure poses a serious risk for the technology and life science sectors in the UK.

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Treasury Secretary Janet Yellen told "Face the Nation" that the federal government will not provide a bailout for Silicon Valley Bank's investors. Regulators are working to find a buyer for the bank, which abruptly shuttered Friday. Skyler Henry reports.

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Silicon Valley Bank, the 16th largest bank in the United States, is shut down. With $175 billion in deposits, it is the biggest American bank to fail since the 2008 financial crisis. CNBC’s Deirdre Bosa reports.

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CNBC’s Carl Quintanilla, Jim Cramer and David Faber discuss the news surrounding Silicon Valley Bank. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi 

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The Line is an ambitious and futuristic city project within Neom, Saudi Arabia's visionary development initiative. Designed as a linear city, The Line aims to revolutionise urban living by integrating cutting-edge technology, sustainability, and quality of life. Spanning hundreds of kilometres, The Line will be a corridor of innovation, where residents will have access to essential services and amenities within a 5-minute walk. The city will be powered by renewable energy, ensuring a sustainable and environmentally friendly lifestyle. With a focus on preserving nature, The Line seeks to create a harmonious balance between urban development and the natural landscape. It envisions a vibrant and connected community, redefining the concept of a modern city and setting new standards for future urban living.

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Watch Yuval Noah Harari, renowned historian and author, as he delivers a thought-provoking keynote address and engages in a Q&A session on the topic of "AI and the Future of Humanity." In this captivating talk, Harari offers insightful perspectives and speculations on the impact of artificial intelligence on various aspects of our lives.

During the keynote, Harari delves into the ways in which AI will shape our culture. He explores how AI algorithms and systems will influence the production and dissemination of cultural content, potentially revolutionizing the fields of art, literature, and entertainment. Harari also raises important questions about the ethical considerations and potential biases inherent in AI-driven cultural production.

One of the key concerns Harari addresses is the threat posed to humanity when AI masters human intimacy. He discusses the potential implications of AI-powered technologies that simulate emotions, companionship, and intimacy. Harari highlights the need for society to carefully navigate the ethical and emotional ramifications of such advancements, emphasizing the importance of maintaining genuine human connections amidst increasing AI integration.

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During the Q&A session, Harari addresses the accessibility and democratization of AI tools. He discusses the prospects of ordinary individuals being able to develop and utilize powerful AI tools, emphasizing the need for a balanced approach that ensures responsible development and widespread benefits.

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This engaging keynote and Q&A session, organized and produced by the Frontiers Forum, aims to foster dialogue and accelerate global initiatives related to science, policy, and society. Supported by Impact, the event took place on April 29, 2023, in Montreux, Switzerland, offering valuable insights into the potential impact of AI on the future of humanity. Don't miss this captivating discussion with one of the world's leading intellectuals, Yuval Noah Harari.


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