Chinese tech giants are slashing prices on artificial intelligence (AI) models, and Silicon Valley is feeling the heat. The fierce competition, initially triggered by companies like Baidu in China, is reshaping the global AI landscape. As prices plummet, businesses worldwide could gain unprecedented access to...
Companies in Silicon Valley are reportedly doing more staff vetting over concerns about Chinese espionage. As the Financial Times (FT) reported Wednesday (June 19), firms such as Google and OpenAI have begun doing tighter screening of employees and potential hires, according to sources working directly...
A new California legislative proposal, SB 1047, is sending ripples of concern through Silicon Valley. Introduced by State Sen. Scott Wiener, the bill seeks to implement “common sense safety standards” for companies developing large artificial intelligence (AI) models that surpass specific size and cost thresholds....
Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX, Bloomberg said in a Monday (Nov. 6) report, citing sources familiar with the matter. Proof Group is also a member of...
June 13, 2017
And then, just like that, it was over. As has been widely anticipated and widely reported, Yahoo’s been consumed by Verizon, which is now combining with the AOL properties under the Verizon umbrella. Amid the marquee combination, Marissa Mayer, who had been the head of Yahoo, has resigned that position, pocketing a $23 million payout […]
November 19, 2024
Chinese tech giants are reportedly using Silicon Valley to recruit for their AI projects. Companies such as ByteDance and Alibaba have recently begun expanding their offices in California as they seek to poach workers from American competitors for their generative artificial intelligence (AI) efforts, the Financial Times reported Tuesday (Nov. 19). This push is happening […]
June 19, 2024
Companies in Silicon Valley are reportedly doing more staff vetting over concerns about Chinese espionage. As the Financial Times (FT) reported Wednesday (June 19), firms such as Google and OpenAI...
November 06, 2023
Investment firm Proof Group may be aiming to revive the bankrupt crypto exchange FTX. Proof Group is one of three bidders vying to reboot trading on FTX, Bloomberg said in a Monday...
October 11, 2023
JPMorgan Chase & Co., the largest bank in the United States, is reportedly aggressively positioning itself as the leading financial partner for tech companies in Silicon Valley. After the collapse of...
