In the midst of the second-biggest U.S. bank failure ever, Sam Altman, a cofounder of ChatGPT creator OpenAI and a new investor in a life-extension company Retro Biosciences, loaned his own money to cash-strapped startups.
Before the Treasury Department, the Federal Reserve, and the Federal Deposit Insurance Corporation on Sunday guaranteed the repayment of all deposits in the failed Silicon Valley Bank, startups with money tied up in the bank spent three days seriously concerned about paying their bills.
