News about Silicon Valley business almost everyday.
Stanford University has implemented a staff hiring freeze due to uncertainties in federal funding and potential tax hikes on university endowments. Many of the nation’s top schools have also temporarily paused hiring including MIT, University of California, Harvard, Notre Dame, University of Pennsylvania, Cornell, Notre Dame, University of Washington and more. The National Institutes of […]
SAN MATEO — Presto Phoenix, a provider of AI-driven solutions for the quick-service restaurant (QSR) industry, announced an expanded partnership with Galardi Group, the parent company of Wienerschnitzel, to deploy its cutting-edge Voice AI ordering technology across the quick-service restaurant chain’s drive-thru locations. The Galardi Group now has 35 locations operating with Presto’s Voice AI […]
PALO ALTO — IDA Ireland, the foreign direct investment arm of the Irish government, is deepening its West Coast presence by moving its office to Palo Alto, at the heart of Silicon Valley and American innovation. The FDI sector, established and embedded in Ireland, is a national asset that has been transformative for the economy […]
On the heels of the second season of “Severance” breaking records as the most-watched series on Apple TV+, the hit thriller has been renewed for a third season. The series hails from executive producer and director Ben Stiller and stars Adam Scott, Britt Lower, Tramell Tillman, Zach Cherry, Jen Tullock, Michael Chernus, Dichen Lachman, John […]
The combined value of nearly 100 million U.S. homes reached $49.7 trillion at the end of 2024, while the combined net worth of America’s wealthiest 1% has grown to a record $49.2 trillion. In other words, the wealthiest 1% can afford to buy nearly every home in America. That’s according to a new report from online […]
NVIDIA at its GTC conference in San Jose announced the NVIDIA RTX PRO Blackwell series — a new generation of workstation and server GPUs redefining workflows for AI, technical, creative, engineering and design professionals with breakthrough accelerated computing, AI inference, ray tracing and neural rendering technologies. For everything from agentic AI, simulation, extended reality, 3D […]
PALO ALTO – D-Wave Quantum Inc. — a provider of quantum computing systems, software, and services — has announced a scientific breakthrough published in the journal Science, confirming that its annealing quantum computer outperformed one of the world’s most powerful classical supercomputers in solving complex magnetic materials simulation problems with relevance to materials discovery. The […]
On March 3, 2025, at approximately 2:30 PM, San José Police Department Officers responded to a report of a theft that occurred at a Target store located in the 400 block of N. Capitol Avenue. The adult male suspect entered the business and removed theft security devices from multiple items before bypassing all points of […]
NVIDIA is celebrating and exploring the remarkable progress in quantum computing with its first Quantum Day at GTC 2025 on Thursday, March 20. This new focus area brings together leading experts for a comprehensive and balanced perspective on what businesses should expect from quantum computing in the coming decades — mapping the path toward useful […]
SANTA CLARA — Archer Aviation is teaming up with Palantir Technologies to build the AI foundation for the future of next-gen aviation technologies. For decades, the aviation industry has made only incremental improvements, constrained by legacy technology and a dominant duopoly in commercial aviation. With the rapid acceleration of AI, as well as breakthroughs in […]
SAN MATEO — Vivace Therapeutics, a small molecule discovery and development company developing first-in-class cancer therapies targeting the Hippo pathway, has closed a $35 million Series D financing. The round was led by RA Capital Management, an existing investor, and included investment from other existing investors Canaan Partners and Cenova Capital. Proceeds will support the continued clinical […]
SAN FRANCISCO — Ditto, the only mobile database with built-in edge device connectivity and resiliency, has raised $82 million in an oversubscribed Series B funding round. The round brings Ditto’s post-money valuation to $462 million. The latest round, led by Top Tier Capital Partners and Acrew Capital, also included participation from existing and new investors, […]