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The Latest Breaking News from Silicon Valley

Bill Ackman, Marc Andreessen And More Tech Leaders Back David Sacks As He Slams 'Hoax' Report

After David Sacks, the White House AI and Crypto Czar, dismissed the NYT investigation that alleged potential conflicts of interest as a “nothing burger” and a product of the outlet’s “hoax factory,” it sparked a wave of support from Silicon Valley heavyweights who view his service as an act of…

Benzinga

‘It’s going much too fast’: the inside story of the race to create the ultimate AI

In Silicon Valley, rival companies are spending trillions of dollars to reach a goal that could change humanity – or potentially destroy it

The Guardian - UK

How big tech is creating its own friendly media bubble to ‘win the narrative battle online’

At a time when distrust of big tech is high, Silicon Valley is embracing an alternative ecosystem where every CEO is a star

The Guardian - US

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Silicon Valley sets its sights on building the perfect baby

Tech-savvy parents to be are using IVF and screening embryos to build families in ways that were unimaginable a few short years ago.

Fortune

Facing burnout, she chased her dream of making pie - and built an empire: ‘Pie brings us together’

She left Silicon Valley to master pie, became Hollywood’s baker and now films its healing power

The Guardian - US

Explore the $1 Billion Mega Mansions Owned by Silicon Valley’s Elite

While most Americans are drowning in debt or struggling with rising housing costs, the world's tech billionaires are living in luxury mega-mansions that would make the Gilded Age robber barons blush....

GOBankingRates

I helped build the architecture of addiction for social media and I see warning labels coming. That's just a start

It's the movement Silicon Valley didn't see coming. We fantasize about four-day work weeks but we can't even protect five-day ones.

Fortune

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Supply-chain delays, rising equipment prices threaten electricity grid

Two new data centers in Silicon Valley have been built but can’t begin processing information: The equipment that would supply them with electricity isn’t available.

The Conversation

If the AI bubble does burst, taxpayers could end up with the bill

You might not care very much about the prospect of the AI bubble bursting. Surely it’s just something for the tech bros of Silicon Valley to worry about – or the wealthy investors who have spent billions of dollars funding development.

The Conversation

Can OpenAI keep pace with industry’s soaring costs?

As investor jitters grow, the loss-making ChatGPT firm’s vast spending commitments test the limits of Silicon Valley optimism

The Guardian - UK

8 Trendy Tech Products Everyone in Silicon Valley Is Obsessed With

Silicon Valley sets the tone for what’s next in technology. The engineers, along with founders and initial users in this area, are pursuing tools that enhance operational efficiency, create connectivity, and stimulate creativity. The current wave of innovation has produced two primary developments: wearable technology for productivity enhancement and smart…

The Free Financial Advisor

Silicon Valley data centers totalling nearly 100MW could 'sit empty for years' due to lack of power — huge installations are idle because Santa Clara can't cope with surging electricity demands

In the heart of Silicon Valley, two freshly built data centers designed for the world’s most power-hungry computing workloads are standing empty.

Tom’s Hardware

The New Status Symbol For Silicon Valley Tech Elites? Building Giant Statues

If Ross Calvin, a crypto investor and the founder of Parhelion Digital, gets his way, the U.S. will soon have a new monument. The tech leader is currently working to get permission to build a massive statue of the Greek god Prometheus on Alcatraz Island, Bloomberg reports.

Benzinga

The innovation blind spot: how Silicon Valley ignores Middle America

If we want to strengthen our economy and secure our future, we need to broaden our definition of what counts as “innovative.”

Fortune

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Fortune

Roelof Botha steps aside as Sequoia’s steward, passing the role to Alfred Lin and Pat Grady

After nearly a decade at the helm of Sequoia Capital, Roelof Botha will step aside as steward of the legendary Silicon Valley VC firm.

Benzinga

Palantir's CTO Just Called Out The 'Mimetic' AI Industry — And He's Right

Palantir Technologies Inc.'s (NASDAQ:PLTR) record 63% revenue growth came with a side of swagger — and a warning shot to the rest of Silicon Valley. On the company's third-quarter earnings call, Chief Technology Officer Shyam Sankar took direct aim at the new wave of companies imitating Palantir's success without understanding…

Benzinga

A16z Pauses Its TxO Fund for Underserved Founders After Five Years Amid Industrywide DEI Pullback: Report

Andreessen Horowitz has reportedly paused its Talent x Opportunity (TxO) fund, a program launched in 2020 to support founders without access to traditional Silicon Valley networks.

The Independent UK

Nvidia partners with South Korean government, companies to boost AI development

Silicon Valley chipmaker Nvidia plans to supply its graphics processing units for projects with the South Korean businesses and government to advance the country’s artificial intelligence infrastructure and technologies

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Benzinga

Zuckerberg Hints Meta's Next Big Move Could Be Selling Compute, Not Ads

Mark Zuckerberg may have just dropped the biggest hint yet that Meta Platforms Inc's (NASDAQ:META) future might not run on ad dollars, but on AI power. Speaking to analysts on Wednesday at their third quarter earnings call, the Meta CEO said, "people keep asking if we can share compute —…

The Guardian - US

Nvidia becomes world’s first $5tn company amid stock market and AI boom

Silicon Valley chipmaker hits $5tn valuation just three months after it was first to break through the $4tn barrier

Benzinga

Bernie Sanders Slams 'Stop Hiring Humans' Billboard: Asks How The Workers Displaced By AI Will Survive With 'No Jobs Or Income'

Sen. Bernie Sanders (I-Vt.) slammed a controversial billboard campaign by a Silicon Valley AI startup that promotes the replacement of human workers with AI and automation.

Axios

Nvidia's D.C. moment

Nvidia CEO Jensen Huang is bringing Silicon Valley to D.C. this week with the company's first-ever developers conference in the nation's capital.

inkl

Why Tech Companies Still Print Booklets for Investor Meetings

As you walk into any venture capital office in Silicon Valley, chances are you’ll find a familiar setting: slick pitch decks stacked neatly atop the desks of conference rooms.

Fortune

What Saudi Arabia and Bangladesh can teach Silicon Valley

With aging populations in many leading economies, these countries see an opening.

Benzinga

iPod Inventor Tony Fadell Worked Alongside Steve Jobs and Larry Page: The Two Couldn't Have Been More Different

Former Nest CEO Tony Fadell holds a rare vantage point in Silicon Valley, having worked closely with Apple Inc. (NASDAQ:AAPL) cofounder Steve Jobs and, later, Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) cofounder Larry Page and says he learned different lessons from each.

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