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The Latest Breaking News from Silicon Valley

Silicon Valley Bank’s parent is reportedly struggling to pull off a fire sale after its stock blew up and it failed to raise capital

“It doesn’t smell good right now, and there’s a lot of panic,” a venture investor who spoke with dozens of SVB clients told Fortune Thursday.

Fortune

Silicon Valley's burning bank

The bank's failure would be the biggest since Washington Mutual.

Axios

Silicon Valley Bank shares halted as tech firms scramble to withdraw funds

Silicon Valley Bank has been closed by California regulators after tech firms scrambled to withdraw funds from the business.

Evening Standard

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Silicon Valley Bank fails in largest bank collapse since 2008 crisis

US regulators seize SVB’s assets after a run on the bank, as global institutions monitor situation closely

The Guardian - UK

What happened to Silicon Valley Bank?

Behind the remarkable reversal of fortune for the startup world's bank of choice.

Axios

VCs and startup founders are freaking out about Silicon Valley Bank

Startup founders are pulling cash from Silicon Valley Bank, even as some VCs say the panic is overblown and fueling the fire.

Fortune

Sequoia China Affiliate SCEP Applies for QFII Status

The unit seeks to access the mainland via Beijing’s Qualified Foreign Institutional Investor program

Caixin Global

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Silicon Valley’s Obsession With Killer Rogue AI Helps Bury Bad Behavior

Sam Bankman-Fried made effective altruism a punchline, but the do-gooding philosophy is part of a powerful tech subculture full of opportunism, money, messiah complexes—and alleged abuse.

Businessweek

With eye toward the future, Rep. Ro Khanna takes on the heartland from Silicon Valley

Ro Khanna was first elected as a whiz kid evangelist for Silicon Valley, the heart of his congressional district and home to Apple, Cisco and Intel’s headquarters. Today, though, the Californian's stumping for a different crowd.

Tribune News Service

Coppélia at Sadler’s Wells review: Silicon Valley reboot of this classic ballet couldn’t be more timely

Scottish Ballet continues to punch above its weight with another hit

Evening Standard

‘Exactly what I needed’: Silicon Valley teachers move into affordable units

After a full day of working at Raymond J. Fisher Middle School, sixth-grade teacher Elizabeth Sharkey would make the hourlong drive from Los Gatos, California, to a small room she rented in the Santa Cruz Mountains.

Tribune News Service

LinkedIn cuts scores of Bay Area jobs in new round of tech layoffs

MOUNTAIN VIEW, California — LinkedIn has revealed plans to eliminate scores of Bay Area jobs in a fresh round of layoffs that intensify the current tough times for Silicon Valley tech and biotech companies.

Tribune News Service

Silicon Valley tech layoffs: Why so many jobs were slashed, and who’s hiring amid fierce competition?

A growing barrage of technology industry layoffs means slim pickings for job-seeking software engineers and other tech workers amid a fiercely competitive Bay Area job market that has tipped from bountiful to brutal.

Tribune News Service

We pitted ChatGPT against tools for detecting AI-written text, and the results are troubling

As the “chatbot wars” rage in Silicon Valley, the growing proliferation of artificial intelligence (AI) tools specifically designed to generate human-like text has left many baffled.

The Conversation

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The Guardian - US

From cradle to compost: the disruptors who want to make death greener

Startups rush to gain foothold in a burgeoning industry as New York and California move to legalize human composting

Fortune

YouTube CEO Susan Wojcicki's exit costs Silicon Valley one of its most influential female executives

She famously rented her garage to Google cofounders Larry Page and Sergey Brin in 1998.

Axios

Silicon Valley sees generative AI and ChatGPT as its next platform

Tech insiders see the excitement over AI's new wave as a sign that the industry has moved into a new era.

The Independent UK

Hobby group worried that F-22’s Sidewinder missile destroyed research balloon

‘They’re going to look not too intelligent to be shooting them down,’ Silicon Valley balloon company founder says

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Tribune News Service

Silicon Valley stays sturdy despite 'gloom and doom' of tech layoffs: report

SAN JOSE, California — Silicon Valley’s economy and job markets remain sturdy despite being jolted by a steady drumbeat of Bay Area layoffs orchestrated by tech and biotech companies, a new report released Tuesday states.

Roll Call

The past and future Silicon Valley - Roll Call

Historian Margaret O’Mara discusses how Silicon Valley has reinvented itself for nearly a century, and the forces shaping it now.

Capital & Main

Silicon Valley Sits on the Sidelines in the Fight Against Homelessness

With the right app, you can get anything you want. So why can’t the unhoused find one to help them get a roof over their heads?

Los Angeles Times

Commentary: San Jose, the metropolis of the future? How a ‘forgettable’ city may become a national model

San Jose, the 10th-largest city in the country with more than 1 million residents, has long been described as America’s “most forgettable” major city. That caricature has persisted even though it sits at the heart of one of the world’s most mythologized subcultures, Silicon Valley. The city is home to…

WEKU

Ex-Twitter officials reject GOP claims of government collusion

At a contentious House committee hearing, Republicans aired long-held grievances over what they say is Silicon Valley's bias against conservatives.

The Times of India

Meta, Alphabet target middle managers with tech jobs cuts

SAN FRANCISCO: As Meta Platforms Inc, Alphabet Inc and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager.

Tribune News Service

A clear target emerges in tech layoffs: Middle managers

As Meta Platforms Inc., Alphabet Inc. and other Silicon Valley behemoths look to lighten payrolls after years of feverish hiring, a clear target has emerged: the middle manager.

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Marjorie Taylor Greene

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