Stanford University is teaming up with Deerfield Management, a New York-based health care investment firm, to create Porter Alliance for Innovative Medicines that will accelerate translational research into clinical therapeutics. Deerfield has committed up to $130 million and additional scientific and operational support to this new collaboration to advance research coming out of Stanford faculty […]
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Intel to Build $20 Billion Chip Plants in Ohio
Chip making giant Intel has announced plans to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers. To […]
Luminar Links Up With Mercedes-Benz
Palo Alto-based Luminar has announced a partnership with German automaker Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars. [Photo above: Austin Russell, Luminar Founder and CEO with Markus Schäfer, Chief Technology Officer responsible for Development and Procurement at Mercedes-Benz’ Sindelfingen, Germany plant. Source: Business Wire] Luminar’s Iris lidar […]
SoFi Technologies Gets Approval for National Bank
SAN FRANCISCO — SoFi Technologies, the digital personal finance company, has been approved by the Office of the Comptroller of the Currency (OCC) and the Federal Reserve to become a Bank Holding Company through its proposed acquisition of Golden Pacific Bancorp. SoFi will operate its bank subsidiary as SoFi Bank, National Association. SoFi expects the […]
Instacart Adds Ready to Eat Meals
SAN FRANCISCO – For those of you not interested in making your own meals, Instacart, the leading online grocery delivery service, has launched Ready Meals directly from supermarkets. Ready Meals provides fresh, healthy and cost-effective alternatives to restaurant takeout from customers’ favorite grocers. With Ready Meals, consumers nationwide can now take a break from cooking […]
Subway Introduces Two New Sandwiches
A new year means new subs from Subway. The world’s largest sandwich chain — with nearly 40,000 restaurants in 100 countries — is debuting two brand new subs alongside the return of five fan-favorite menu items, back by popular demand. Brand New SandwichesSubway’s two newest subs include: Baja Turkey Avocado: This sub combines fresh flavors […]
Y Combinator Boosts Standard Deal for Startups to $500,000
Y Combinator, the top accelerator program in Silicon Valley, is boosting the standard deal it offers startups this year after a banner 2021. According to a blog post by President Geoff Ralston, Y Combinator will now invest a total of $500,000 to any company accepted into its batch program. It will still invest $125,000 for […]
Ford Signs 5-Year Deal With Stripe to Modernize Payment Systems
DEARBORN, MI, and SAN FRANCISCO – Ford Motor Company has signed a five-year agreement with Stripe to scale the automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers. Rollout of Stripe technology is expected to begin in the second half of 2022, starting in North America. “We have been […]
Silicon Valley Named No. 2 Market for Data Centers
Silicon Valley is the No. 2 market in the country for data centers, tied with Singapore and behind Northern Virginia according to a study by real estate services firm Cushman & Wakefield. The 2022 Global Data Center Market Comparison is the third edition of this annual study which identifies and ranks the top data center […]
Netflix Prices Go Up
With gas and food prices on the rise over the past year, Netflix has also decided to increase its subscription prices in the U.S. The streaming giant has boosted the monthly cost for its basic subscription price with no High Definition (HD) streaming from $8.99 to $9.99 per month. The standard Netflix plan with HD […]
Bridge Bank Provides $10 Million Loan to Zuum Transportation
SAN JOSE — Bridge Bank announced its Capital Finance Group has closed on a $10 million asset-based loan facility for Zuum Transportation Inc., an Irvine-based logistics technology provider for manufacturers, freight brokers and carriers. “It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally […]
Presto Rolls Out Voice Assistant at Checker’s Restaurants
REDWOOD CITY — Presto, a provider of technology for the restaurant industry, has been selected by Checkers Drive-In Restaurants, Inc., the operator of Checkers & Rally’s iconic drive-thrus, as the exclusive provider of automated voice ordering for all its corporate-owned drive-thru restaurants. The announcement marks the largest and first of its kind rollout of an […]