AI Boom Raises Stakes in Fallout From Regional Bank Collapse (1)

From loans backed by venture investments to high-stakes talent grabs and new offices, the banking industry has rushed to fill the void left by the 2023 collapse of Silicon Valley’s major lenders. An intensifying AI boom is raising the stakes of that race.

The rapid growth of artificial intelligence has padded company valuations and minted millionaire after billionaire, opening the door for banks to snag business managing wealth, providing debt or advising on capital-raising efforts. The quantum of money at stake is vast, with a record $222 billion of venture funding pouring into AI last year, according to PitchBook ...