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The Latest Breaking News from Silicon Valley

India's IT hub Bengaluru may need $339 million to fix drainage, avoid flooding -report

India's Bengaluru city may need nearly 28 billion rupees ($339 million) to restore a drainage network damaged by unfettered urbanization as repeated floods threaten to disrupt work and life in the IT hub, a report said.

Reuters

Theranos founder Elizabeth Holmes starts prison sentence for blood-testing hoax

Theranos founder Elizabeth Holmes entered a Texas prison Tuesday where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.

France 24

Selfless visionary or scheming grifter? Inside Theranos founder Elizabeth Holmes’s shocking downfall

From college dropout at 19 to billionaire at 30 and prison at 39, Elizabeth Holmes has had a life trajectory unlike any of her Silicon Valley peers. Her tainted legacy will continue to be fought over for years to come, Bevan Hurley writes

The Independent UK

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‘People wanted to believe the fairytale’: the downfall of Elizabeth Holmes

Disgraced founder of fraudulent blood-testing company Theranos begins prison sentence

The Guardian - US

Elizabeth Holmes has started her 11-year prison sentence. Here's what to know

The onetime Silicon Valley has surrendered herself to federal authorities at the Bryan, Texas, prison camp, an all-female facility about 100 miles outside of Houston.

WEKU

The day has arrived for Elizabeth Holmes to report to a Texas prison

Disgraced Theranos CEO Elizabeth Holmes on Tuesday will be moving to her new home —-a federal prison where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley

The Independent UK

Nextdoor’s CEO Sarah Friar on sexism in Silicon Valley - and the rise of the ‘friendly’ social media app

Less than five per cent of the top 150 public tech companies in Silicon Valley have women as CEOs, Tara Cobham writes

The Independent UK

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‘They’re afraid their AIs will come for them’: Doug Rushkoff on why tech billionaires are in escape mode

The leading intellect on digital culture believes the recent tech reckoning is corrective justice for Silicon Valley barons

The Guardian - US

As Elizabeth Holmes heads to prison for fraud, questions remain about her motives

As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase

The Independent UK

Mark Zuckerberg Is Back Among Silicon Valley's Giants

The net wealth of the CEO of social-media giant Meta Platforms has increased by $45.2 billion this year, a record broken only by Elon Musk.

The Street

Why creating a Silicon Valley-style campus matters so much to Mercedes F1

But, ahead of the Monaco Grand Prix where it unleashes a major upgrade to its W14, the German manufacturer has revealed plans for big changes to its Brackley-factory too.

Autosport

California takes big step in bringing right to repair to silicon valley

The bill just needs to pass the state senate.

PC Gamer

What Happened to First Republic Bank? Why Is It in Trouble?

The San Francisco-based regional bank, First Republic, was the third financial institution to declare insolvency in 2023 and the second-largest bank to fail since Washington Mutual collapsed during the Financial Crisis of 2007–2008. Plagued by many of the same issues that doomed Silicon Valley Bank ...

The Street

Their Banks Failed, But Will They Give Back Their Huge Bonuses?

The CEOs of Silicon Valley Bank and Signature Bank earned millions in bonuses before their banks collapsed, but they have not returned the money.

The Street

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The Independent UK

Former 49ers lobbyist testifies he received illegally leaked report on team's political influence

The former chief lobbyist for the San Francisco 49ers has testified that a Silicon Valley city councilman illegally leaked a confidential report criticizing the team’s political influence

Tribune News Service

Lee murder weapon traced by DA to suspect’s sister’s kitchen

The knife found where Silicon Valley executive Bob Lee was stabbed to death in San Francisco tested positive for suspected killer Nima Momeni’s DNA and appears to have been taken from his sister’s unique kitchen cutlery set, a prosecutor said.

AFP

Sam Altman: the quick, deep thinker leading OpenAI

San Francisco (AFP) - An influential Silicon Valley presence for more than a decade, OpenAI CEO Sam Altman is emerging as the tech titan of the AI age, riding the wave of ChatGPT, the bot his company unleashed on the world.

Cinemablend

Beavis And Butt-Head Star Chris Diamantopoulos On Why Mike Judge Is 'Such A Good Dude'

CinemaBlend talked to Silicon Valley vet Chris Diamantopoulos about why Beavis and Butt-Head creator Mike Judge is so great to work with.

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Fortune

Silicon Valley's latest casualty: summer internships

Tech summer internships, famous for giving college students a taste of Silicon Valley life, are among the most sought after gigs. This year, there will be fewer of them.

The Guardian - US

Greed, eugenics and giant gambles: author Malcolm Harris on the deadly toll of Silicon Valley capitalism

In his hotly anticipated 700-page book, Palo Alto, the writer and activist reviews a dark history through the lens of his home town

Fortune

Billionaire investor Tim Draper predicts Bitcoin bull market, says 'controlling' government is 'killing the golden goose' of Silicon Valley

The crypto enthusiast and Silicon Valley veteran is a supporter of decentralization.

The Street

What Happened to Silicon Valley Bank? Why Is It in Trouble?

Silicon Valley Bank (SVB) was a regional bank located in the San Francisco Bay area. Founded in 1983, it specialized in granting loans to startup tech firms. According to the company’s website, in 2022, SVB funded nearly half of all venture-backed tech- and healthcare-related IPOs. Some of its ...

Evening Standard

Hiroki Takeuchi net worth | Evening Standard Tech Rich List

When Hiroki Takeuchi finished his maths degree, he initially began a career as a management consultant. But Takeuchi soon quit to pursue his real passion of launching his own startup, teaming up with university friend Tom Blomfield to found payments company GoCardless. The firm was an instant hit with Silicon Valley giants,…

The Conversation

Twitter played a role in the collapse of Silicon Valley Bank – new research

The Research Brief is a short take about interesting academic work.

Chicago Sun-Times

First Republic Bank’s fate is up in air as regulators seek a solution to its woes

First Republic is seen as the next bank likely to fail after Silicon Valley Bank, Signature Bank because of its amount of uninsured deposits and exposure to low interest rates.

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Ramesh ‘Sunny’ Balwani

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