News about Silicon Valley business almost everyday.
SANTA CLARA — Intel Corporation said it plans to separate Intel Capital, its global venture capital arm, into a standalone fund. The new fund will bring Intel Capital’s corporate structure into alignment with other leading venture firms, enabling greater autonomy and the flexibility to attract external capital. Intel will remain an anchor investor in the […]
eBay Inc. has signed an agreement to acquire Caramel, an end-to-end online automotive transaction solution provider. Terms weren’t revealed. Caramel’s technology platform provides a secure and seamless digital transaction experience that handles all of the complexities of a vehicle sale, including paperwork, ownership transfer, financing, transportation and more, whether transacting on Caramel’s site or app, […]
AMD’s new Ryzen AI PRO processors will power new Dell Pro devices. These new PCs will be the first Dell commercial devices shipping with AMD Ryzen AI PRO processors, marking a significant milestone in the strategic collaboration between AMD and Dell. “We’re incredibly proud to collaborate with Dell on the next generation of commercial PCs […]
The San Francisco Police Department is urging members of the Chinese community to be on alert for blessing scams following several recent cases in which criminals stole approximately $374,000 in cash and property from victims, San Francisco police Chief Bill Scott announced Tuesday. The cases, which began in late November and have continued into January, […]
STUTTGART, Germany and SUNNYVALE — Mercedes-Benz and Google Cloud announced the expansion of their strategic partnership to introduce new conversational capabilities to the MBUX Virtual Assistant, powered by Google Cloud’s new Automotive AI Agent. Built using Gemini on Vertex AI, Google Cloud’s Automotive AI Agent is specially tuned for the automotive industry and can reference information from Google […]
The Securities and Exchange Commission announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) have agreed to pay $45 million in combined civil penalties to settle a range of SEC charges arising from their brokerage operations. “It is essential to the Commission’s broader efforts to protect investors and promote the integrity and […]
FREMONT — Enovix Corporation, a high-performance battery manufacturing company, says it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart […]
MENLO PARK — Andreessen Horowitz (a16z) Bio + Health is forming a first-of-its-kind venture capital fund to fuel broader innovation in human health, in partnership with Eli Lilly and Company (“Lilly”). The Biotech Ecosystem Venture Fund (“Fund”) seeks to drive transformative progress in healthcare by investing in therapeutic platforms and cutting-edge technology companies that can […]
SAN FRANCISCO — Planet Labs PBC, a provider of daily Earth data and insights, announced that its high-resolution Pelican-2 satellite [rendering above] and 36 SuperDoves of Flock 4G were successfully launched to orbit on SpaceX’s Transporter-12 Rideshare mission from Vandenberg Space Force Base in California. The Planet team has successfully made contact with Pelican-2 and […]
SAN FRANCISCO and BOLINGBROOK, IL— Instacart, the leading grocery delivery company in North America, and Ulta Beauty, the nation’s largest beauty retailer, have announced a nationwide partnership to offer same-day delivery. With this collaboration, Ulta Beauty’s unparalleled assortment – spanning every category and price point – now available for delivery in as fast as an hour via […]
Nasdaq has closed the book on a remarkable 2024, maintaining its position as the leading U.S. exchange for initial public offerings (IPOs) for the sixth consecutive year while achieving its highest listings volume since 2021. Across a number of metrics, Nasdaq showed considerable growth and stability this year. As of December 17, companies listing on the […]
PALO ALTO — D-Wave Quantum Inc., which produces quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz was interviewed on CNBC’s The Exchange last week, where he addressed recent comments from NVIDIA CEO Jensen Huang related to quantum computing’s readiness and commercial availability. Dr. Baratz clarified that there are different types of quantum […]