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Balaji’s $1M Bitcoin bet, banking crisis update, OpenAI launches GPT-4, and Jay Trading! | E1702
This Week in Startups
Is This Going to Have a Big Impact on Startups?
The Wall Street Journal reported that JP Morgan Chase CEO, Jamie Diamond, is leading discussions with CEOs of other major banks to help stabilize First Republic. Among the options on the table, the people said, is an investment in First Republic by the banks themselves. So we could actually see a couple of the top four US banks investing in First Republic. The equity in them is incredibly low. And so I think you would basically own that bank if you were to start investing in it.
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