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.
18 countries have unveiled the first international agreement on how to protect artificial intelligence from irresponsible players. It aims to develop AI solutions that are "inherently safe".
On November 30, the professional IT community GlobalCIO hosted a large-scaled international conference "Global CIO Insights: Digital Transformation with AI". During the event, leading experts shared their practical experience in launching projects utilizing artificial intelligence (AI) and highlighted approaches that helped elevate their companies to new heights.
Voting for projects participating in the "Project of the Year" contest is open. The voting began on December 1st and will continue until January 15th inclusive. The winners will be announced on February 7th, 2024.
Online sales is one of the areas where the quality of IT tools directly affects business profitability. Kamza Nugumanov, CIO of Jusan store, tells about the experience of deploying a rapidly growing Kazakh marketplace.