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The Latest Breaking News from Silicon Valley

California takes big step in bringing right to repair to silicon valley

The bill just needs to pass the state senate.

PC Gamer

Former 49ers lobbyist testifies he received illegally leaked report on team's political influence

The former chief lobbyist for the San Francisco 49ers has testified that a Silicon Valley city councilman illegally leaked a confidential report criticizing the team’s political influence

The Independent UK

Lee murder weapon traced by DA to suspect’s sister’s kitchen

The knife found where Silicon Valley executive Bob Lee was stabbed to death in San Francisco tested positive for suspected killer Nima Momeni’s DNA and appears to have been taken from his sister’s unique kitchen cutlery set, a prosecutor said.

Tribune News Service

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Beavis And Butt-Head Star Chris Diamantopoulos On Why Mike Judge Is 'Such A Good Dude'

CinemaBlend talked to Silicon Valley vet Chris Diamantopoulos about why Beavis and Butt-Head creator Mike Judge is so great to work with.

Cinemablend

Silicon Valley's latest casualty: summer internships

Tech summer internships, famous for giving college students a taste of Silicon Valley life, are among the most sought after gigs. This year, there will be fewer of them.

Fortune

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

The crypto enthusiast and Silicon Valley veteran is a supporter of decentralization.

Fortune

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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

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.

WEKU

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

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.

WEKU

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Kiplinger

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.

The Independent UK

Theranos founder Elizabeth Holmes delays prison by filing another appeal

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

WEKU

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.

The Independent UK

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

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Fortune

'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.

Axios

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

Belfast Live

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

Fortune

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.

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

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