The Latest Breaking News from Silicon Valley

San Francisco (AFP) - The rise of artificial general intelligence -- now seen as inevitable in Silicon Valley -- will bring change that is "orders of magnitude" greater than anything the world has yet seen, observers say.But are we ready?

US tech innovators have a culture of regarding government as an innovation-blocking nuisance. But when Silicon Valley Bank collapsed, investors screamed for state protection

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

The sudden collapse of two U.S. banks last week left many people wondering about the safety of their own deposits, the health of the banking system and consequences down the road.

Silicon Valley veteran Steve Kirsch, a known anti-vaxxer, offered a woman $100,000 (£82,700) to get her to remove her face mask while on a plane, sending social media users in frenzy

Before Elon Musk was cutting deep at Twitter, inspiring legions of Silicon Valley bosses to take more unsparing approaches to running their companies, the chief executive officer of Tesla swung the axe on the car company’s small public relations team.

The UK government's changes to R&D tax relief credits have been met with a mixed reception following the Spring Statement on Wednesday. Delivering the statement in the House of Commons, Chancellor Jeremy Hunt revealed the government's plans to roll out an ‘enhanced’ tax relief package for SMBs across the country.…

Student debts and underwater mortgages are private burdens, but corporate losses are matters of urgent public interest

The run on Silicon Valley Bank (SVB) -- on which nearly half of all venture-backed tech start-ups in the United States depend -- is in part a rerun of a familiar story, but it's more than that. Once again, economic policy and financial regulation have proven inadequate.

The new CEO of failed Silicon Valley Bank is a familiar name to many in Charlotte’s banking community — Tim Mayopoulos was fired as general counsel of Bank of America in 2008 in the midst of the financial crisis and escorted out of the office by an HR representative.

Is America facing a banking crisis? As regulators try to stem the fallout from the collapse of Silicon Valley and Signature Banks, we look at the risks for the rest of the system. Kate Moody speaks to economist Nicolas Veron from the Peterson Institute for International Economics and the European…