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The Latest Breaking News from Silicon Valley

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

The Guardian - US

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

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.

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,…

Evening Standard

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

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

The Conversation

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.

Chicago Sun-Times

Fed blames itself for Silicon Valley Bank collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday

The Independent UK

The Fed admits some of the blame for Silicon Valley Bank's failure in scathing report

The Federal Reserve says its own light-touch approach to bank regulation is partly to blame for the collapse of Silicon Valley Bank last month, and it promised more vigorous oversight in the future.

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Fed's review of role in Silicon Valley Bank collapse due out

Fed's review of role in Silicon Valley Bank collapse due out

The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry

The Independent UK

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

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

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

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

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

'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.

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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.

Financial Times

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

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

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.

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Tribune News Service

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.

The Independent UK

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

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.

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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