News about Silicon Valley business almost everyday.
The United States Postal Service awarded contracts for 9,250 Ford left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to be deployed at Postal Service facilities around the country. Overall, the Postal Service’s total investment in vehicles is expected to reach $9.6 billion, including $3 billion […]
Oracle and Uber Technologies, Inc. have announced a seven-year strategic cloud partnership to accelerate Uber’s innovation and help deliver new products to market. As Uber continues to grow and enter new markets, it is increasingly important for the business to focus resources on its core strengths and strategic initiatives. By migrating some of the company’s […]
DoorDash is now offering on-demand grocery delivery from nearly all ALDI grocery locations across 38 states. With the addition of ALDI, one of America’s fastest-growing retailers, more than 98% of DoorDash’s monthly consumers in the U.S. have access to a non-restaurant store on DoorDash. “By partnering with DoorDash, we can conveniently bring our award-winning, fresh […]
Chipotle Mexican Grill plans to open a new restaurant called Farmesa at Third Street Promenade in Santa Monica, CA. Farmesa is a fresh concept featuring delicious proteins, greens, grains and vegetables that are inspired by Chipotle’s Food with Integrity standards. The concept will soft open with an abbreviated menu and limited hours before officially rolling out next […]
The Thiel Foundation this month named 20 individuals as the next class of Thiel Fellows. The Fellowship program, which was founded by PayPal co-founder and venture investor Peter Thiel, first launched in 2011. The program encourages talented young people with big ideas to start companies instead of attending college. “In a world where conformity rules, […]
Roku announced that after their initial successful debuts Roku Originals “Emeril Cooks,” starring chef Emeril Lagasse, and “Martha Cooks,” starring Martha Stewart, will return for all-new seasons on The Roku Channel. The first seasons of both “Martha Cooks” and “Emeril Cooks” premiered in the fall of 2022 on The Roku Channel. · “Emeril Cooks” Season 2 The second […]
Silicon Valley will have a big presence in advertising during Sunday’s Super Bowl game between Kansas City and Philadelphia on Fox Network. Apple will be the sponsor of the halftime music show featuring Rihanna, replacing Pepsi, which had been the halftime sponsor for the past decade. Netflix is teaming up with GM in a 60-second […]
ChatGPT, the popular new AI service from OpenAI, has unveiled a new subscription plan earlier this month. ChatGPT Plus is available for $20/month, and subscribers will receive a number of benefits: General access to ChatGPT, even during peak times Faster response times Priority access to new features and improvements ChatGPT Plus is available to customers in the United […]
For the third year in a row, 94027 in Atherton, CA, is the most expensive zip code in America in 2022 according to RealtyHop, with a median price of $9,000,000, increasing 0.56% from $8,950,000 in 2021. California has 59 of the most expensive zip codes, the most of any state. Los Angeles has the highest […]
Shares in C3.ai were up 18% Friday to close at $25.68 and are up 133% so far in 2023. The company provides enterprise businesses with AI applications which is the hot technology in Silicon Valley after the release of ChatGPT in November. Last week, C3.ai announced the launch of the C3 Generative AI Product Suite […]
PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]
Doordash, the nation’s leading food delivery service, says its three co-founders will sell a combined 6.6 million shares of stock by this spring. At current share prices, the trio could reap over $369 million after the sales. CEO Tony Xu, Chief Technical Officer Andy Fang, and Chief Product Officer Stanley Tang — all Stanford grads […]