News about Silicon Valley business almost everyday.
SANTA CLARA — Nexthop AI, a company building the next generation of artificial intelligence (AI) infrastructure for the world’s largest cloud companies, launched from stealth with $110 million in funding led by Lightspeed Venture Partners. Additional investors include Kleiner Perkins, WestBridge Capital, Battery Ventures and Emergent Ventures. This funding will accelerate the development of Nexthop […]
SANTA CLARA — Oklo Inc., an advanced nuclear technology company, has appointed Daniel Poneman and Michael Thompson to its Board of Directors. The pair replace Chris Wright, who left the board to become Energy Secretary under President Trump. “We welcome Daniel and Michael to our Board of Directors,” said Oklo Co-founder and CEO Jacob DeWitte. […]
The Santa Clara County Sheriff’s department has busted three shoplifters. A trio of repeat offenders was caught in the act – hiding merchandise and walking out without paying – at the Hillsdale Avenue TJ Maxx in San Jose. Detectives followed the suspects back to their van, where trash bags were found filled with stolen clothing […]
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 […]