Marketplace Etsy delays payments to sellers after the bankruptcy of Silicon Valley Bank.
Sellers on the platform reported being left in the dark about the situation. They are now unable to receive planned payments and are concerned about the future of their shops.
Etsy has promised that the platform will begin payments to sellers through other payment partners, with some delayed payments processed by March 13.
Many small business owners with shops on Etsy rely on income from selling handmade items on the platform, and the absence of planned payments may make it difficult for them to cover expenses related to their craft.
California's Silicon Valley Bank declared bankruptcy on March 10. The credit organization serviced half of all American companies with venture investments and 44% of organizations in the IT and healthcare sectors that went public with venture investments in 2022.
Deposits worth hundreds of millions of dollars were held by companies such as video game manufacturer Roblox and network media player manufacturer Roku. Most of their investments were not insured. The bank's collapse affected dozens of Indian startups that did not diversify their funds and used SVB as their sole banking partner.
In recent years, the term “Internet of Things” (IoT) has become one of the most popular in the tech world. It promised to connect billions of devices. The next stage was the Industrial Internet of Things (IIoT), which brought revolutionary changes to production processes. Today, a new term is coming onto the scene – AIoT (Artificial Intelligence of Things), combining the capabilities of the Internet of Things with the power of AI.
Sixty-eight IT executives from 15 countries, including Brazil, India, USA, Saudi Arabia, Turkey, Kazakhstan, and Indonesia participated in the project.
June 2024 was a very dynamic month for AI and data analytics market, marked by significant events, product launches, and industry insights.
Artem Kalivanov, CIO of Beeline Uzbekistan, discussed IT project management in terms of project definition, management models like Waterfall and Agile methodologies, and the importance of Lean in process management.