News
Seagate slips as CEO says new factories "take too long
1+ hour, 23+ min ago (355+ words) By Carmen Reinicke and Lynn Doan, Bloomberg Seagate Technology Holdings shares fell 6. 9% Monday in its worst one-day drop in nearly two months after management comments at a JPMorgan conference sparked investor fears that the company won't be able to keep…...
First condo is bought in push to revive once-foreclosed San Jose towers
32+ min ago (498+ words) SAN JOSE " A quest to revive two previously foreclosed San Jose housing towers has reached a key stage with the first sale of one of the condominiums in the landmark high-rises. The selling effort has begun for condos at 188 W. St....
Next Era, Dominion want to create a massive power company as AI drives energy demand in the US
1+ day, 3+ hour ago (536+ words) By MICHELLE CHAPMAN, Associated Press Next Era Energy is seeking to acquire Dominion Energy in an all-stock deal valued at about $67 billion, creating a massive power company as the energy needs of artificial intelligence drive demand higher in the U. S. It…...
Bitcoin Depot goes bankrupt, signaling demise of crypto ATMs – Silicon Valley
22+ hour, 18+ min ago (19+ words) It never really recovered from a downturn that kicked off after the collapse of crypto exchange FTX in 2022....
Pope and co-founder of Anthropic to launch pontiff's AI encyclical
1+ day, 4+ hour ago (405+ words) ROME" " Pope Leo XIV and the co-founder of artificial intelligence company Anthropic will launch the pontiff's first encyclical on May 25, a document on the care of human dignity in the era of AI, the Vatican said Monday. Anthropic has billed…...
Musk's x AI promised staff $420 for their tax returns, hasn't paid
22+ hour, 15+ min ago (235+ words) By Carmen Arroyo, Bloomberg Elon Musk's x AI asked employees earlier this year to offer up their own tax returns as training data for the company's Grok chatbot, promising a $420 payment as incentive for doing so. Two months later, those…...
Walmart tech unit signs South Bay office lease in Sunnyvale
11+ mon, 1+ week ago (342+ words) SUNNYVALE " Walmart signed an office lease that provides the retailer's e-commerce unit with enough space for well over 1, 000 tech workers in a hopeful sign for the Silicon Valley job market. The retailer's e-commerce unit signed a lease at Tech Corners,…...
Menlo Park to weigh ballot measure requiring voter approval for housing on city parking lots
6+ mon, 1+ week ago (739+ words) The Menlo Park City Council on Tuesday moved forward with a plan to study a measure that would give voters the power to approve or block redevelopment of city-owned parking lots for affordable housing after enough signatures were gathered to…...
Mexico's Uber crackdown at airports to complicate plans for World Cup visitors
4+ day, 3+ hour ago (687+ words) By Gonzalo Soto, Bloomberg Mexico is cracking down on the use of ride-hailing apps like Uber and Didi at the nation's airports, causing headaches for travelers as it prepares to host the World Cup next month. The dispute over the…...
Gov. Newsom pitches tax on cloud-based software sales to raise billions in new revenue – Silicon Valley
3+ day, 22+ hour ago (312+ words) The proposal would likely affect large software vendors such as Microsoft Corp. , Salesforce Inc. and Oracle Corp. , as well as the growing AI software industry....