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The Latest Breaking News from Silicon Valley

What went wrong at Silicon Valley Bank? The Fed is set to release a postmortem report

The Federal Reserve and the FDIC are set to report Friday on their oversight of two failed banks. The banks' collapse six weeks ago rocked credit markets and raised the risk of recession.

Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks

Did Tweets Help Crash Silicon Valley Bank? Paper Shows New Social Media Risks

A new study on Silicon Valley Bank's demise links depositor flight and stock crash with Twitter mentions.

Theranos founder Elizabeth Holmes delays prison by filing another appeal

Theranos founder Elizabeth Holmes delays prison by filing another appeal

Disgraced tech entrepreneur had been due to report to begin sentence on 27 April

The Independent UK

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Need a job? Tech remains a good bet despite mass layoffs in Silicon Valley

The number of openings in the technology field is still high, and tech jobs continue to be attractive to workers looking for stable, lucrative careers.

Silicon Valley company raises $250M for hydrogen technology

In what could prove a milestone for an industry that hopes to address climate change, the Silicon Valley company Ohmium announced Wednesday it has raised $250 million to expand production of machines that can make clean hydrogen

The Independent UK

'I joined PayPal at the height of the dotcom crash': Reddit's former CEO on navigating tech layoffs

As Yishan Wong entered the tech workforce, some 200,000 jobs were cut in Silicon Valley.

Twitter fueled run on Silicon Valley Bank, new paper finds

Social media-fueled bank runs are a new risk to the financial system, and regulators don't know yet how to manage them.

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Silicon Valley Bank: the multiple warnings that were missed

Silicon Valley Bank: the multiple warnings that were missed

Ahead of the first official postmortem on its collapse, bankers, regulators and executives admit that it was a crisis hiding in plain sight

Financial Times

NI has potential to be Singapore-style investment hub, says Silicon Valley CEO

NI has potential to be Singapore-style investment hub, says Silicon Valley CEO

Ms Friar was back in Northern Ireland last week to speak at a major conference marking the 25th anniversary of the Good Friday Agreement

Google stops work on big Silicon Valley campus: report

Google stops work on big Silicon Valley campus: report

San Francisco (AFP) - Google has paused construction of a massive campus in the Silicon Valley city of San Jose as it reins in costs, CNBC reported on Friday.

The real streaming wars are not between Netflix and Disney. Asian smart TV makers and Silicon Valley are vying to capture your living room–and upend legacy media

The real streaming wars are not between Netflix and Disney. Asian smart TV makers and Silicon Valley are vying to capture your living room–and upend legacy media

87% of American TV-watching households own one. Welcome to the connected TV wars.

Alleged ‘brazen’ theft of startup’s documents should be Silicon Valley wake-up call, fired worker says

A longtime Silicon Valley tech executive claims in a new lawsuit that a Mountain View, California, financial-technology firm stole intellectual property from its San Francisco rival so easily that every startup should fear the same thing happening to them.

Tribune News Service

Silicon Valley councilman defers plea on 49ers report leak

Silicon Valley councilman defers plea on 49ers report leak

A Silicon Valley councilmember delayed entering his pleas Monday on criminal charges for allegedly lying about leaking a grand jury report on the San Francisco 49ers’ political influence and relationships with the city’s elected officials

The Independent UK

Silicon Valley is buzzing about 'BabyAGI.' Should we be worried?

Silicon Valley is buzzing about 'BabyAGI.' Should we be worried?

The latest A.I. trend couples GPT-4 and other software tools to build agents that can use the internet to accomplish specific tasks.

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The Guardian - US

Silicon valediction? Our road trip to tech industry hotspots as the sector cools

Tables may have freed up at Silicon Valley’s Coupa Cafe, but ‘scalability’ is still on the menu as tech workers look forward

The Independent UK

Silicon Valley councilman indicted in 49ers report leak

A Silicon Valley city councilman has been charged with perjury for allegely lying about leaking a grand jury report to the San Francisco 49ers last year that detailed a purportedly unethical relationship between the team and the city council

It cost $22 billion to rescue two failed banks. Now the question is who will pay

Regulators need to decide how to recover the cost of rescuing Silicon Valley Bank and Signature Bank — and community banks across the country are warning they should not be on the hook.

The Independent UK

Theranos' Elizabeth Holmes loses bid to stay out of prison

Disgraced Theranos CEO Elizabeth Holmes has been rebuffed in her attempt to stay out of federal prison while she appeals her conviction for the fraud she committed while overseeing a blood-testing scam that exposed Silicon Valley’s dark side

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Credit crackdown weighs on businesses

Even before the collapse of Silicon Valley Bank last month, other banks were getting stingier about making loans. That makes it harder for businesses trying to grow and raises the risk of recession.

Tribune News Service

Apple at heart of US-China selective decoupling, Gallagher says

Apple Inc. and Walt-Disney Co. are among U.S. businesses that will face the steepest challenges in a “selective decoupling” from China, a key lawmaker said after a series of meetings with executives and experts in Hollywood and Silicon Valley this week.

I worked on Google’s layoffs during the Great Financial Crisis. Here’s what feels different about Big Tech redundancies in the era of ‘loud firing’

Silicon Valley is becoming more transactional. It’s too early to tell whether this mass experiment in efficiency over emotional intelligence was worth it.

Tribune News Service

Office vacancies rise in Silicon Valley and balloon in San Francisco

SAN JOSE — Office vacancy rates have increased in the South Bay and have ballooned to scary heights in San Francisco amid a wobbly economy punctuated by wide-ranging job cuts in the tech and biotech sectors.

Jury orders Tesla to pay former worker in racism case

San Francisco (AFP) - A San Francisco jury on Monday ordered Tesla to pay a Black former employee nearly $3.2 million for turning a blind eye to racism at the electric car maker's Silicon Valley plant.

Inside the struggles of Summit Powder Mountain and its ill-fated tech utopia

It was designed to be a haven for techies and billionaires. Instead, ten years on, it’s a “9,000-foot monument to the hubris of Silicon Valley’s big ideas.”

Mercury Takes Aim At Replacing Silicon Valley Bank As Tech Hubs Go-To Bank And Lender

Silicon Valley Bank’s collapse has paved the way for other banking institutions to step up and meet demand for venture debt

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