Take a trip round the Mira Technology Park and you may find reports of the British car industry’s impending doom exaggerated. The zone in the English midlands hosts Europe’s largest concentration of automotive research and development operations, featuring household brands from Jaguar and Toyota to James Bond’s storied Aston Martin (albeit none of these is … Read more
A Silicon Valley CEO has revealed the financial struggles of a well-paid couple who live paycheck to paycheck despite their substantial salaries. Damon Chen, founder of Testimonial.to, shared his surprise at discovering that his friend, a Google employee, and his wife spend about $30,000 per month on living expenses. This includes costs for their mortgage, … Read more
Google has made a significant investment in the artificial intelligence sector, acquiring Character.AI for $2.7 billion in 2023. The deal marks the return of Noam Shazeer, a pioneer in AI who co-founded the company, back to Google after leaving in 2021. Shazeer, now appointed as a vice president at Google, will lead the company’s next-generation … Read more
Before JD Vance began his rapid rise to vice presidential candidate, he co-founded a Silicon Valley-backed donor organization to finance right-wing news stories, voter turnout operations and election polls with a goal of spreading U.S. President Donald Trump‘s brand of nationalism, according to previously unreported documents on the group. Founded in 2019, Rockbridge Network seeks … Read more
File photo of Britain’s Prime Minister Rishi Sunak. Mr. Sunak on March 12, 2023, said the government is working towards safeguarding customers in the aftermath of the Silicon Valley Bank collapse. | Photo Credit: Reuters British Prime Minister Rishi Sunak said on March 12 he recognised the “anxiety” over the collapse of Silicon Valley Bank … Read more
New York CNN — Silicon Valley Bank collapsed Friday morning after a stunning 48 hours in which its capital crisis set off fears of a meltdown across the banking industry. Its failure marks the largest shutdown of a US bank since 2008, when Washington Mutual fell during the financial crisis. California regulators closed down the … Read more
Taiwan Semiconductor Manufacturing Co executives said on Thursday the world’s biggest chipmaker will have the next version of ASML Holding NV’s most advanced chipmaking tool in 2024. The tool called “high-NA EUV” produces beams of focused light that create the microscopic circuitry on computer chips used in phones, laptops, cars and artificial intelligence devices such … Read more
Apple Inc. lost an early round in a discrimination lawsuit brought in the U.S. by a female engineer from India who says her two managers — one from her country, the other from Pakistan — treated her as they would in their own countries: as a subservient. The woman’s case in California state court is … Read more
Famous venture capitalist and silicon valley entrepreneur Peter Thiel says investors shouldn’t be too dependent on investment decisions based on formulas. Instead, they should look for companies that do things differently through disruptive business models. Thiel believes these companies have the ability to find value in places that other people might not notice. Thiel feels … Read more
Is Texas the new Silicon Valley? This month Oracle said it was moving its headquarters to Austin after more than 40 years in California. Hewlett Packard Enterprise, descended from the Valley’s original garage start-up, is off to Houston. Elon Musk has moved to Texas, too, and has hinted that Tesla, the car company he co-founded … Read more