Category: Silicon Valley (Calif)

Silicon Valley Bank’s Collapse Causes Start-Up Chaos

The New York Times – Business:
Young companies raced to get their money out of the bank, which was central to the start-up industry. Some said they could not make payroll.
Alphabet’s Profit Falls 34% Amid Ads Slowdown

The New York Times – Business:
Google’s parent company reported its fourth consecutive drop in quarterly profit, weeks after culling 6 percent of its work force to cut costs.
Google Calls in Help From Larry Page and Sergey Brin for A.I. Fight

The New York Times – Business:
A rival chatbot has shaken Google out of its routine, with the founders who left three years ago re-engaging and more than 20 A.I. projects in the works.
A New Area of A.I. Booms, Even Amid the Tech Gloom

The New York Times – Business:
An investment frenzy over “generative artificial intelligence” has gripped Silicon Valley, as tools that generate text, images and sounds in response to short prompts seize the imagination.
Elizabeth Holmes to be Sentenced in Fraud Trial

The New York Times – Business:
Ms. Holmes, founder of the failed blood testing start-up Theranos, is scheduled to learn her fate on Friday. She faces a maximum of 20 years in prison.
Tech’s Talent Wars Have Come Back to Bite It

The New York Times – Business:
Hiring the best, the brightest and the highest number of employees was a badge of honor at tech companies. Not anymore as layoffs surge.
Silicon Valley’s Unbridled Euphoria Runs Into Economic Reality

The New York Times – Business:
Once-buzzy start-ups had held out against the new reality that the good times are over. No longer.
Elon Musk Takes Twitter, and Tech Deals, to Another Level

The New York Times – Business:
Silicon Valley moguls used to buy yachts and islands. Now they are rich enough, and perhaps arrogant enough, to acquire companies they fancy.
Elizabeth Holmes Case Takes On More Drama Ahead of Sentencing

The New York Times – Business:
The founder of Theranos, the failed blood testing start-up, asked for a new trial after a surprise visit from a key witness to her house.