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The Latest Breaking News from Silicon Valley

Biden visits California to talk climate and raise cash

President Joe Biden plans to unveil more than $600 million in federal spending to fight the effects of climate change on Monday in Palo Alto. But much of his multi-day visit to California is focused on raising money, notably from Silicon Valley tech leaders, for his 2024 reelection campaign.

Los Angeles Times

President Biden to visit Los Gatos, Atherton for fundraising events with tech luminaries

SAN JOSE, Calif. — Kickstarting a bid to surpass his $1 billion fundraising haul from the 2020 election, President Joe Biden is expected to come to Los Gatos and Atherton on Monday for reelection fundraisers co-hosted by longtime Democratic supporters and Silicon Valley luminaries.

Tribune News Service

VivaTech 2023: Inside Europe's largest trade fair for innovation

Global tech leaders and industry giants have descended on the French capital for the seventh edition of VivaTech, Europe's largest trade fair for new technology. Artificial intelligence (AI) is taking centre stage this year. French President Emmanuel Macron announced €500 million ($543 million) in new funding to "create champions" in…

France 24

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Silicon Valley tech executive weighs US Senate bid in California

Silicon Valley executive Lexi Reese, a Democrat, announced Thursday that she is considering running for the seat being vacated by retiring U.S. Sen. Dianne Feinstein.

Los Angeles Times

Report: Eight Silicon Valley households have six times more wealth than bottom 500,000

Silicon Valley is an embarrassment of riches for some and a struggle to get by for many who live there, but a report Tuesday puts the gap between rich and poor in the cradle of technology and innovation into stark relief: Just eight households in the California region hold more…

Tribune News Service

Jailed Theranos founder Elizabeth Holmes claims she can’t afford restitution payments to victims

Lawyers for Silicon Valley entrepreneur who once had an estimated net worth of $4.5bn say she has ‘limited financial resources’

The Independent UK

Jailed Theranos founder Elizabeth Holmes claims she can’t afford $250 a month restitution payments to victims

Lawyers for Silicon Valley entrepreneur who once had an estimated net worth of $4.5bn say she has ‘limited financial resources’

The Independent UK

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8 Silicon Valley households have 6 times more wealth than bottom 500,000, rights group reports

SAN JOSE, Calif. — Silicon Valley is an embarrassment of riches for some and a struggle to get by for many who live there, but a new report puts the gap between rich and poor in the cradle of technology and innovation into stark relief: Just eight households in the…

Tribune News Service

Layoffs and AI Are Changing Tech’s Once-Invincible Job Market

A look at who’s unemployed, who should be worried and who’s more valuable than ever.

Businessweek

A prominent VC firm is betting on London to be a capital of crypto. Too bad that won't happen

It's clear London and other centers want to embrace the crypto industry. Whether they can innovate is another matter.

Fortune

When I lost my job, I learned to code. Now AI doom mongers are trying to scare me all over again

Silicon Valley wants to make us believe humans are predictable and our skills replaceable. I’ve learned that’s nonsense, says culture writer Tristan Cross

The Guardian - UK

Silicon Valley's loudest moguls get behind RFK Jr.

These are intrinsic contrarians supporting a long-shot presidential candidate whose last name is matched only by his baggage.

Axios

Silicon Valley’s Salary Showdown: Unveiling How Much Top Talent At Apple, Microsoft And Google Get Paid

Apple Inc, Microsoft Corp and Alphabet Inc offer some of the highest salaries in Silicon Valley

Zenger

Can Workplace Ketamine Retreats Improve Vibes in the Office?

In guided sessions, midcareer professionals are using the drug to seek improved job performance and better work-life balance.

Businessweek

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The Hindu

‘I presume my iPhone is being tapped’: Rahul Gandhi in U.S.

Mr. Gandhi made the remarks, during his interaction with Silicon Valley-based startup entrepreneurs, known for doing path-breaking work in the field of Artificial Intelligence and cutting-edge technologies.

Reuters

India's IT hub Bengaluru may need $339 million to fix drainage, avoid flooding -report

India's Bengaluru city may need nearly 28 billion rupees ($339 million) to restore a drainage network damaged by unfettered urbanization as repeated floods threaten to disrupt work and life in the IT hub, a report said.

France 24

Theranos founder Elizabeth Holmes starts prison sentence for blood-testing hoax

Theranos founder Elizabeth Holmes entered a Texas prison Tuesday where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley.

The Independent UK

Selfless visionary or scheming grifter? Inside Theranos founder Elizabeth Holmes’s shocking downfall

From college dropout at 19 to billionaire at 30 and prison at 39, Elizabeth Holmes has had a life trajectory unlike any of her Silicon Valley peers. Her tainted legacy will continue to be fought over for years to come, Bevan Hurley writes

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The Guardian - US

‘People wanted to believe the fairytale’: the downfall of Elizabeth Holmes

Disgraced founder of fraudulent blood-testing company Theranos begins prison sentence

WEKU

Elizabeth Holmes has started her 11-year prison sentence. Here's what to know

The onetime Silicon Valley has surrendered herself to federal authorities at the Bryan, Texas, prison camp, an all-female facility about 100 miles outside of Houston.

The Independent UK

The day has arrived for Elizabeth Holmes to report to a Texas prison

Disgraced Theranos CEO Elizabeth Holmes on Tuesday will be moving to her new home —-a federal prison where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley

The Independent UK

Nextdoor’s CEO Sarah Friar on sexism in Silicon Valley - and the rise of the ‘friendly’ social media app

Less than five per cent of the top 150 public tech companies in Silicon Valley have women as CEOs, Tara Cobham writes

The Guardian - US

‘They’re afraid their AIs will come for them’: Doug Rushkoff on why tech billionaires are in escape mode

The leading intellect on digital culture believes the recent tech reckoning is corrective justice for Silicon Valley barons

The Independent UK

As Elizabeth Holmes heads to prison for fraud, questions remain about her motives

As Elizabeth Holmes prepares to report to prison next week, the criminal case that laid bare the blood-testing scam at the heart of her Theranos startup is entering its final phase

Autosport

Why creating a Silicon Valley-style campus matters so much to Mercedes F1

But, ahead of the Monaco Grand Prix where it unleashes a major upgrade to its W14, the German manufacturer has revealed plans for big changes to its Brackley-factory too.

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