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The Latest Breaking News from Silicon Valley

California has tried to boost its housing stock. Other states have done better

A retired human resources director, Pam Quinn was burnt out on the work-intensive culture of Silicon Valley and was looking to relocate to a place where she felt "like I was part of a community."

Los Angeles Times

Silicon Valley tech executive announces US Senate campaign

Arguing that California needs a new type of representation in the nation's capital, Silicon Valley executive Lexi Reese announced Thursday that she is running for the U.S. Senate seat being vacated by retiring Sen. Dianne Feinstein.

Los Angeles Times

The collateral damage of an Apple Vision Pro flop could be devastating

Apple's Vision Pro is the most significant effort yet in Silicon Valley's long running dream of augmented reality headsets. If it flops, the budding AR industry and the broader metaverse championed by Mark Zuckerberg and others could go into a devastating 'winter.'

Fortune

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H-1B visa: Canada launches new bid to poach skilled tech workers from US

Canada, with a history of seeking to lure away skilled foreign technology workers from Silicon Valley, on Tuesday announced a new program to poach such talent from the U.S.

Tribune News Service

Silicon Valley elites are reportedly taking ketamine and attending psychedelic parties to bolster their focus and creativity. Here’s what the drugs do to your brain

Psychedelic use is growing, and the business elites are taking an interest.

Fortune

Silicon Valley is ditching freebies for airline-style upcharges and fees

If it feels like tech companies are suddenly asking you to pay for things that used to be free, you’re not imagining it.

Fortune

Brian Merchant: The tech elite's embrace of RFK Jr. is a grim omen for Silicon Valley's future

Silicon Valley's archetypal hero is the founder of humble beginnings — he who, through grit, sweat and genius, unleashes a world-changing idea from his garage. It's hard to imagine someone more antithetical to that formula than a scion of the most powerful political dynasty in the nation. Yet Robert F.…

Los Angeles Times

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EU tech watchdogs tell Twitter to beef up its act before new digital law arrives

Twitter bosses have been warned they cannot be complacent in the countdown to the launch of the European Union's tough new digital rulebook, a top EU official said after carrying a “stress test” of the company's systems in Silicon Valley.

Radio France Internationale

Read the Leaked Document That Reveals Tech Giants Who Benefitted From SVB Rescue

The Federal Deposit Insurance Corporation accidentally revealed unintended details about the Silicon Valley Bank rescue.

The Street

Silicon Valley's new rock star: Sam Altman

Silicon Valley has a new rock star to go along with its latest gold rush in A.I.

Fortune

Twitter faces 'stress test' of Europe's tough new Big Tech rules

A top European Union official is in Silicon Valley to check whether Twitter is ready to comply with sweeping new standards that the world’s biggest online platforms must obey soon

The Independent UK

Ford CEO Dismisses Tesla Cybetruck, Suggests It’s Not A Real Work Truck

"If [Elon Musk] wants to design a Cybertruck for Silicon Valley people, fine," said Ford's CEO Jim Farley.

InsideEVs

Ford CEO Dismisses Tesla Cybertruck, Suggests It’s Not A Real Work Truck

"If [Elon Musk] wants to design a Cybertruck for Silicon Valley people, fine," said Ford's CEO Jim Farley.

InsideEVs

In in Oprah interview, longevity expert Dr. Peter Attia warns against the ‘Silicon Valley ethos’ of engineering immortality

There's work one can do to increase their health span, and “much of it doesn’t actually require a doctor,” Attia told Oprah.

Fortune

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Multichannel News

MGM’s Ottinger: Forget the Library and the Legacy, ‘Everything Is Now Driven by an Obsession With Our Customers’ (Next TV L.A.)

A decade ago, Hollywood fought a war against Silicon Valley for control of the video business. Losing had consequences

Los Angeles Times

Biden visits California to talk climate and raise cash

President Joe Biden plans to unveil more than $600 million in federal spending to fight the effects of climate change on Monday in Palo Alto. But much of his multi-day visit to California is focused on raising money, notably from Silicon Valley tech leaders, for his 2024 reelection campaign.

Tribune News Service

President Biden to visit Los Gatos, Atherton for fundraising events with tech luminaries

SAN JOSE, Calif. — Kickstarting a bid to surpass his $1 billion fundraising haul from the 2020 election, President Joe Biden is expected to come to Los Gatos and Atherton on Monday for reelection fundraisers co-hosted by longtime Democratic supporters and Silicon Valley luminaries.

France 24

VivaTech 2023: Inside Europe's largest trade fair for innovation

Global tech leaders and industry giants have descended on the French capital for the seventh edition of VivaTech, Europe's largest trade fair for new technology. Artificial intelligence (AI) is taking centre stage this year. French President Emmanuel Macron announced €500 million ($543 million) in new funding to "create champions" in…

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Los Angeles Times

Silicon Valley tech executive weighs US Senate bid in California

Silicon Valley executive Lexi Reese, a Democrat, announced Thursday that she is considering running for the seat being vacated by retiring U.S. Sen. Dianne Feinstein.

Tribune News Service

Report: Eight Silicon Valley households have six times more wealth than bottom 500,000

Silicon Valley is an embarrassment of riches for some and a struggle to get by for many who live there, but a report Tuesday puts the gap between rich and poor in the cradle of technology and innovation into stark relief: Just eight households in the California region hold more…

The Independent UK

Jailed Theranos founder Elizabeth Holmes claims she can’t afford restitution payments to victims

Lawyers for Silicon Valley entrepreneur who once had an estimated net worth of $4.5bn say she has ‘limited financial resources’

The Independent UK

Jailed Theranos founder Elizabeth Holmes claims she can’t afford $250 a month restitution payments to victims

Lawyers for Silicon Valley entrepreneur who once had an estimated net worth of $4.5bn say she has ‘limited financial resources’

Tribune News Service

8 Silicon Valley households have 6 times more wealth than bottom 500,000, rights group reports

SAN JOSE, Calif. — Silicon Valley is an embarrassment of riches for some and a struggle to get by for many who live there, but a new report puts the gap between rich and poor in the cradle of technology and innovation into stark relief: Just eight households in the…

Businessweek

Layoffs and AI Are Changing Tech’s Once-Invincible Job Market

A look at who’s unemployed, who should be worried and who’s more valuable than ever.

Fortune

A prominent VC firm is betting on London to be a capital of crypto. Too bad that won't happen

It's clear London and other centers want to embrace the crypto industry. Whether they can innovate is another matter.

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