News about Silicon Valley business almost everyday.
PALO ALTO – HP Inc. said it will to acquire publicly-traded Poly (NYSE: POLY), a provider of workplace collaboration solutions, in an all-cash transaction for $40 per share, implying a total enterprise value of $3.3 billion, inclusive of Poly’s net debt. Poly stock increased about 40% after the deal was announced. Based in Santa Cruz, […]
SAN FRANCISCO — Brightside Health, a telemedicine platform that offers fast access to personalized treatment, expert providers, and ongoing support for a range of mental health concerns, has raised $50 million in Series B funding. This round, led by ACME Capital and Mousse Partners, with participation from existing investors Bullpen Capital, Triventures, and Trousdale Ventures, […]
The Federal Trade Commission (FTC) is suing Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their […]
The Securities and Exchange Commission (SEC) announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of the company’s positive first quarter 2020 earnings announcement on […]
Kroger Co., the nation’s largest supermarket chain, and NVIDIA announced a strategic collaboration to reimagine the shopping experience using AI-enabled applications and services. Kroger and NVIDIA will build a state-of-art AI lab and demonstration center to expand Kroger’s freshness initiatives, improve shipping logistics and create a better shopping experience in stores through digital twin simulations […]
As inflation reaches historic levels and Americans face rising prices at gas pumps and sticker shock at supermarket checkouts, Denny’s is offering a new Endless Breakfast promotion. Now through June 21, Denny’s is helping individuals and families stretch their dollars by offering endless fluffy buttermilk pancakes, cheesy scrambled eggs and crispy hash browns from $6.99 to $8.99 depending […]
Meta Platforms — the parent company of Facebook, Instagram and WhatsApp — plans to build a nearly one million-square-foot data center in Kansas City, investing more than $800 million and supporting up to 100 jobs. The data center, a first of its kind in Missouri, is expected to be operational in 2024. “We’re proud to […]
MOUNTAIN VIEW — A California credit union has deployed another security robot from Knightscope, Inc.. a developer of advanced security technologies and robots. The credit union name was not released by Knightscope. Although founded in 1934, this California credit union has turned its eyes to the future by deploying Knightscope’s K5 Autonomous Security Robot (ASR) […]
OAKLAND – Former HP Planning Manager Shelbee Szeto plead guilty Thursday in court to charges of wire fraud, money laundering, and a related tax charge in a scheme to defraud her former employer out of more than five million dollars, announced United States Attorney Stephanie Hinds and Internal Revenue Service Criminal Investigation Special Agent in […]
Arizona has become the first state in the USA to offer driver’s licenses and state IDs in Apple’s Wallet using the iPhone or Apple Watch. Starting today, Arizonans can add their driver’s license or state ID to Wallet, and tap their iPhone or Apple Watch to seamlessly and securely present it at select TSA security […]
National sandwich chain Panera is introducing a new line up of Chef’s Chicken Sandwiches, available at Panera bakery-cafes nationwide on March 30. The addition to the menu will feature two new seared, chef-crafted chicken sandwiches. There are over 2,100 Panera locations in 48 states and Ontario, Canada. Panera is unveiling two takes on the Chef’s […]
At its GTC Developers Conference, NVIDIA has introduced Clara Holoscan MG, a platform for the medical device industry to develop and deploy real-time AI applications at the edge, specifically designed to meet required regulatory standards. Clara Holoscan MGX expands the Clara Holoscan platform to provide an all-in-one, medical-grade reference architecture, as well as long-term software support, to […]