Tag: Silicon Valley

American Startups Facing a Tough Situation in 2023, With Little Sign of Relief

July 18, 2023
Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMedia & Big TechrecessionSilicon ValleystartupsTechTech NewsUSUS Newsventure capital
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It is becoming more apparent that American startups are facing a bad year, and financial relief is far from coming. Higher interest rates, a shaky U.S. economy, and the recent banking crisis have led to a shortage of funds for capital-hungry startups in their early stages, along with less opportunity for those in late-stage development…

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AI ‘Bias and Prejudice’ Is the Theme at Upcoming Biden Meeting in Silicon Valley

June 20, 2023
AIalgorithmic discriminationartificial intelligencebiasbidenBusiness & MarketsCompaniesDemocratsExecutive BranchMedia & Big TechPolicies & ImpactsPoliticsScienceSilicon ValleySocial IssuesTechUSUS News
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President Joe Biden will meet with activists, academics, and tech executives on June 20 to discuss artificial intelligence. The latest of many recent Biden AI moves, it’s another signal of his administration’s continued focus on race and “algorithmic discrimination” in its attempts to control the evolution of the burgeoning technology. In a June 19 statement…

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Meta to Test Blocking News on Instagram, Facebook for Some Canadians

June 1, 2023
CanadametaSilicon ValleySocial MediaWorld
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Meta is preparing to block news for some Canadians on Facebook and Instagram in a temporary test that is expected to last the majority of the month. The Silicon Valley tech giant is following in the steps of Google, which blocked news links for about five weeks earlier this year for some of its Canadian…

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Elizabeth Holmes Enters Texas Prison to Begin 11-year Sentence for Notorious Blood-Testing Hoax

May 30, 2023
CaliforniaCrime & Public SafetyCrime and IncidentsfederalhoaxNorthern CaliforniaprisonRegional & State NewsSilicon ValleyState NewsTexastheranosUSUS News
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BRYAN, Texas—Theranos founder Elizabeth Holmes entered Texas prison where she could spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. Holmes, 39, on Tuesday entered a federal women’s prison camp located in Bryan, Texas—where the federal judge who sentenced Holmes in November recommended…

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The Day Has Arrived for Elizabeth Holmes to Report to a Texas Prison

May 30, 2023
CaliforniaCrime & Public SafetyCrime and IncidentsfederalhoaxNorthern CaliforniaprisonRegional & State NewsSilicon ValleyState NewsTexastheranosUSUS News
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Disgraced Theranos CEO Elizabeth Holmes is scheduled to move to her new home—a federal prison where she has been sentenced to spend the next 11 years for overseeing a blood-testing hoax that became a parable about greed and hubris in Silicon Valley. The federal judge who sentenced Holmes, 39, in November recommended that she be…

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Earn $100,000 and Still Be Broke in These 8 California Cities: Study

May 23, 2023
CaliforniaLos AngelesNorthern CaliforniaRegional & State NewsRegional NewsSan FranciscoSan JoseSilicon ValleySouthern CaliforniaState NewsU.S. Census BureauUS
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California is home to eight of the 16 largest U.S. cities where families can earn $100,000 and still be broke, according to a new study by Lending Tree. San Jose, in the heart of Silicon Valley, ranked first as the most expensive city in the nation, according to the report, issued April 24. A family…

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The Obsession With Sweeping Away the Past Is Highly Destructive for Civilization

April 30, 2023
Ancient EgyptChinacivilizationElon MuskMesopotamiaOpinionRoman EmpireSilicon ValleyViewpoints
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The following is a commentary by Michael Bonner on his new book, “In Defense of Civilization: How Our Past Can Renew Our Present.” Do we live in a civilization? When I was growing up in the 1990s, amidst all the exuberance of the American unipolar moment, I certainly thought I lived in a civilization, and…

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Ernst Gives Biden ‘Squeal Award’ for Sending Billions in Federal Tax Dollars to California Rail Projects

April 24, 2023
BARTCaliforniaCalifornia High Speed Rail TransitcongressNorthern CaliforniaPoliticspresident joe bidenRegional & State NewsSan Francisco Subway ExtensionSen. Joni ErnstSilicon ValleySouthern CaliforniaSpeaker of the House Nancy Pelosisqueal awardState NewsUS
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On the same day President Joe Biden is expected officially to announce he is seeking reelection in 2024, Sen. Joni Ernst (R-Iowa) is giving the chief executive her latest Squeal Award—this one for the billions of tax dollars being wasted by “the Biden Boondoggle Express” on costly California commuter rail projects. “Folks, your tax dollars…

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California Losing Software Dominance to Communist China

March 27, 2023
CaliforniaChinainnovationNorthern CaliforniaOpinionRegional & State NewsSilicon ValleySouthern CaliforniaState NewsUSViewpoints
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Commentary Something I’ve long dreaded finally is happening: Wokeness and other foolishness by the U.S. and California governments is stifling this state’s innovation machine—leading to Communist China assuming software dominance. The successes of Apple, Google, Facebook, and other Silicon Valley companies dazzle us, preventing us from seeing what’s really happening. Tech icon Steve Jobs died…

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Depositors of Failed Banks Should Not Be Bailed Out: Reagan Economic Advisor

March 14, 2023
Business & MarketseconomyExecutive BranchFedFOMCMarketsPolicies & ImpactsPoliticsReaganSilicon ValleySilicon Valley Bank Collapsesteve hanksSVBUSUS News
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In the aftermath of two failed banks, the crypto-focused Signature Bank and the 16th largest U.S. depository Silicon Valley Bank (SVB), economists are questioning the role of the Federal Reserve in the banking crisis. Former economic advisor to President Reagan, Steve Hanke believes that the Fed’s contractionary policies have contributed to the current situation and…

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