Seeking Cerebral Valley: A Photographic Tour of San Francisco’s AI UndergroundRead More

China Investigates Former Head of Top Chipmaking Firm for Graft

March 20, 2023 · 3:52 AM PDT
Tsinghua Unigroup Chairman Zhao Weiguo’s case has been handed over to prosecutors, the latest example of high-profile corruption allegations in China’s $100 billion chip effort.

Rippling Raises $500 million to Ease SVB-Linked Payroll Crunch

March 17, 2023 · 3:32 PM PDT
The round shows how the sudden failure of Silicon Valley Bank snarled the network of relationships between tech startups and the financial institution.

Coinbase Exploring Overseas Derivatives Trading Platform

March 17, 2023 · 10:35 AM PDT
The move would help Coinbase more closely with Binance, which has a dominant share in derivatives trading.

Silicon Valley Bank Parent, SVB Financial, Files for Bankruptcy

March 17, 2023 · 5:33 AM PDT
SVB's securities and capital arms aren't included in the filing.

U.S. to Investigate ByteDance Surveillance of Journalists

March 17, 2023 · 4:45 AM PDT
The U.S. Department of Justice is looking into how TikTok was used to track journalists from the Financial Times and Buzzfeed who broke stories about the popular app.

Tiger Global Writes Down Value of its Venture Funds by 33% 

March 17, 2023 · 12:38 AM PDT
The hedge fund cut about $23 billion from the value of its venture capital funds in 2022.

OpenAI Co-Founder: ‘We Were Wrong’ to Share Research

March 16, 2023 · 4:12 PM PDT
Recent comments from one of OpenAI's co-founders demonstrate how far it has moved from its initial focus as a research lab.

Microsoft Announces OpenAI-Powered “Copilot” in Office 365 Software

March 16, 2023 · 12:01 PM PDT
Microsoft hopes the new automation tools will help it generate more revenue and fend off competitors.

Virgin Orbit Pauses Operations Amid Cash Crunch

March 16, 2023 · 11:28 AM PDT
The company plans to give an update “in the coming weeks.”

YouTube TV Hikes Prices, Cites Rising Content Costs

March 16, 2023 · 10:55 AM PDT
YouTube's live TV service plans to raise prices from $64.99 to $72.99 per month, starting in April, as TV content costs continue to rise.

Twitch CEO Emmett Shear Resigns

March 16, 2023 · 10:26 AM PDT
Dan Clancy, Twitch’s president, will step into the role.

Wall Street Banks Rescue First Republic

March 16, 2023 · 9:38 AM PDT
The federal government helped stitch together a rescue of First Republic Bank.

Shopify-Backed Klaviyo Cuts 10% of Headcount

March 16, 2023 · 8:27 AM PDT
The marketing platform had seen a boost in growth following restrictions on sharing customer data with advertisers.

Robinhood Chief Operating Officer Stepping Down

March 16, 2023 · 8:01 AM PDT
Gretchen Howard will stay on as an advisor through the end of the year

Amazon Tests Rite Aid Deliveries in Instacart Challenge

March 16, 2023 · 7:28 AM PDT
The service, which is being piloted in Newark, NJ and Burbank, Calif., marks a push by Amazon onto Instacart's territory.

FTX Says SBF, Other Founders Received $3.2 Billion from Alameda and Other Entities

March 16, 2023 · 7:23 AM PDT
Nishad Singh, Gary Wang and Caroline Ellison have all pleaded guilty to federal fraud charges related to the FTX collapse, and Bankman-Fried is awaiting trial.

U.S. Officials Demand ByteDance Sell TikTok

March 16, 2023 · 1:25 AM PDT
More pressure from the White House puts ByteDance in a tough spot as China's government could oppose the idea of selling TikTok to a non-Chinese buyer.

First Republic Explores Strategic Options Including a Sale

March 15, 2023 · 5:10 PM PDT
The regional bank's stock has been volatile since the run on Silicon Valley Bank started.

Adobe Shares Jump 5%, CEO Says Figma Deal Still on Track

March 15, 2023 · 4:22 PM PDT
Adobe seems to be coping with the slowdown in software spending, as sales exceeded expectations in its recent quarter.

Stripe Makes $6.5 Billion Fundraising Official

March 15, 2023 · 2:06 PM PDT
The fundraising crystallized a drop of nearly half in Stripe's valuation from two years ago.