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The Latest Breaking News from Silicon Valley

Silicon Valley’s COVID windfall raises alarms about region’s economy

An unprecedented flow of riches is concentrating wealth among Silicon Valley companies that capitalized on the world’s locked-down lives amid the pandemic, raising fears that a dramatically lopsided recovery will warp the economic future for the Bay Area.

Tribune News Service

Soho-based cyber security firm SEON raises £72m from Silicon Valley fund

The Seon team

Evening Standard

Elon Musk’s paradoxical vision of running Twitter: Less democracy, more freedom

There’s a common critique of Big Tech that goes like this: In the 21st century, social media platforms are the new public square, and it matters a great deal who sets the rules. Instead of allowing true free speech, unaccountable Silicon Valley elites like Mark Zuckerberg decide what can and…

Los Angeles Times

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Silicon Valley office vacancy improves for first time since COVID outbreak

SAN JOSE, Calif — The office vacancy rate in Silicon Valley improved during the first three months of 2022, a sign that the office sector is starting to recuperate from coronavirus-linked maladies, a new report indicates.

Tribune News Service

Mehmet Oz is worth at least $104 million and maybe a lot more, a new report says

PHILADELPHIA — Republican Senate candidate Mehmet Oz has derided big technology companies as a “cartel” and boasted about taking on the Silicon Valley giants as he campaigns in Pennsylvania.

The Philadelphia Inquirer

Is it time to test embryos for common diseases?

SAN JOSE, Calif. – A Silicon Valley company has designed a technique to decipher the genetic code of a tiny embryo and calculate its future risk of cancer, diabetes and 10 other common diseases – presaging a day when parents could select children with a greater chance of living a…

Tribune News Service

Musk Discloses 9.2% Stake in Twitter

Tesla Inc Chief Executive Officer Elon Musk has built a 9.2% stake in Twitter Inc, a regulatory filing showed on Monday, sending the micro-blogging site's shares soaring 16% in premarket trading. Late March, the silicon valley billionaire said he was giving "serious thought" to building a new social media platform.…

Asharq Al-Awsat

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Silicon Valley tech company to create 40 jobs in Bristol

The Goldman Sachs-backed company was founded in 2004 - and now has offices across the world

Birmingham Post

Michael Hiltzik: That big tech exodus out of California turns out to be a bust

Wannabe innovation hubs from coast to coast have been slavering over the prospect that the work-from-home revolution triggered by the COVID pandemic would finally break the stranglehold that California and Silicon Valley have had on high-tech jobs.

Los Angeles Times

Google Fielded Pay-Related Questions At Recent Meet

Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google leaders faced a storm of criticism from employees on issues related to compensation, CNBC reports. Google defended the company's competitiveness at a recent all-hands meeting while conceding that the performance review process could change. Recently, Google's internal survey had reflected growing dissatisfaction with pay packages. Its peer Amazon.com Inc (NASDAQ:AMZN), looked…

Benzinga

This former Uber executive traveled to Ukraine to help Zelensky. His parents still think he’s in San Francisco

Ukrainian-born Silicon Valley executive Andrey Liscovich tells Rachel Sharp how he swapped the Bay Area for the war zone so he can use his startup skills to source and route supplies to the volunteers fighting for his country’s freedom

The Independent UK

Tech billionaires rally around nuclear as energy crisis looms

In recent weeks, some of Silicon Valley’s most famous technologists have hailed a historically polarizing energy source — nuclear power — as a solution to both cutting carbon emissions and weaning the world off now-controversial Russian gas.

Tribune News Service

How Big Tech lost the antitrust battle with Europe

Brussels is set to finalise stringent new legislation targeting Silicon Valley giants, whose desperate lobbying has fallen on deaf ears

Financial Times

Elizabeth Holmes set for prison: Why Hollywood can’t get enough of Silicon Valley stories

The jaw-dropping stories of Silicon Valley’s biggest successes - and biggest failures - make for thrilling TV

Evening Standard

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The Independent UK

South American ‘criminal tourist’ gangs are targeting affluent Silicon Valley homes for burglary, police say

Officers in two affluent California suburbs say gangs rotate crew members through the US for a few weeks at a time to steal and then vanish

The Guardian - US

Sunny Balwani’s Theranos trial delayed after possible Covid exposure

Ex-executive faces same charges as his former romantic and business partner in Silicon Valley scandal

The Independent UK

Social media bosses must hand over algorithm data or face up to two years in jail

Online Safety Bill will compel tech chiefs to ‘expose those algorithms’, says Nadine Dorries

Benzinga

Tesla Axed Former Autopilot Employee - Read Why

Tesla Inc (NASDAQ:TSLA) terminated a former Autopilot employee who shared video reviews of the company's Full Self Driving Beta system, CNBC reports. John Bernal had shared candid video reviews on his Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) YouTube channel, AI Addict, showing how the company's FSD Beta system worked in different locations around Silicon Valley. Before…

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The Independent UK

Nadine Dorries says Silicon Valley bosses decide who gets ‘cancelled’

Culture secretary wants to stop US tech giants being ‘supreme arbiters of online speech’

The Guardian - UK

Nadine Dorries lambasts Silicon Valley ahead of new online abuse laws

As the UK government prepares legislation, culture secretary criticises tech leaders who “decide who is silenced or cancelled”

Benzinga

Twitter Names New Leaders For Consumer Division

Twitter Inc (NYSE:TWTR) named new leaders in its consumer division, Bluebird, to develop new features and services. Jay Sullivan, who led product for Meta Platforms Inc (NASDAQ:FB) Facebook's AI Assistant, and led the privacy and safety product teams on Messenger and Instagram Direct, joined Twitter late last year as the new head of product in…

Benzinga

Meta Axes Google Veteran Heading Insta For Kids; Project Remains Halted

Meta Platforms Inc's (NASDAQ:FB) VP of youth Pavni Diwanji departed as part of a restructuring, the Wall Street Journal reports. Diwanji supervised Instagram's development of a controversial product for children. Diwanji previously served as a VP at Alphabet Inc's (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, where she led YouTube kids and other family-oriented projects. Adam Mosseri, head…

Financial Times

Facebook Libra: the inside story of how the company’s cryptocurrency dream died

It had the blue-chip partners, the tech and the right players. None of which could save it

The Guardian - US

Sunny Balwani trial starts two months after Elizabeth Holmes’s guilty verdict

Businessman who served as Theranos’s co-president accused of wire fraud and conspiracy to defraud investors

Benzinga

Twitter Appoints This Silicon Valley Prodigy To Compete With TikTok

Twitter Inc (NYSE:TWTR) appointed Michael Sayman to help court younger users as it looks to compete against ByteDance Ltd's TikTok, the Washington Post reports. Sayman is known as Silicon Valley's product-building prodigy for youth. At Twitter, Sayman will be working on "0-1," a new group focused on building experimental features within the company.…

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Ramesh ‘Sunny’ Balwani

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Sunny Balwani

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