News about Silicon Valley business almost everyday.
Meta announced that UFC CEO Dana White, John Elkann and Charlie Songhurst have been elected to the company’s board of directors. Meta is the parent company of Facebook, Instagram and WhatsApp. Mark Zuckerberg, Founder and CEO of Meta, said, “Dana, John and Charlie will add a depth of expertise and perspective that will help us […]
Sutter Health has unveiled plans to develop approximately one million square feet across two healthcare campuses in the City of Santa Clara. The not-for-profit healthcare system, in collaboration with the region’s 95-year-old Palo Alto Foundation Medical Group (PAFMG) and its 2,000 Sutter-aligned physicians and The Sobrato Organization, will renovate two large vacant office campuses to […]
SAN JOSE — Adobe released online shopping data for the 2024 holiday season, covering the period from Nov. 1 through Dec. 31, 2024. Based on Adobe Analytics data, the analysis provides a comprehensive view into U.S. e-commerce by analyzing commerce transactions online, covering over 1 trillion visits to U.S. retail sites, 100 million SKUs and 18 product […]
PALO ALTO — Rembrand, a developer of In-Scene Media and Virtual Product Placement technology, has raised $23 million in Series A financing to expand and fuel the already rapid growth of the company. The round was led by super{set} and included participation from The Trade Desk and Naver D2SF plus existing investors such as BOLD, the […]
SAN FRANCISCO – A federal grand jury in Oakland indicted four individuals on charges of operating an unlicensed money transmitting business, conspiracy to operate an unlicensed money transmitting business, and conspiracy to make false statements to a bank. According to the indictment filed Nov. 7, 2024, and unsealed Dec. 16, 2024, Gaston Kolker, 49, of […]
Archer Aviation Inc. has received the certificate of occupancy for its high-volume manufacturing facility, ARC, which is connected to the Covington Municipal Airport in Georgia. Archer is now working to complete the tooling load-in for the initial manufacturing line at this facility. Production is planned to begin in early 2025, with the goal of ramping […]
SACRAMENTO – On Friday, December 20, CHP and local police departments carried out Operation Holiday Watch in communities throughout California – resulting in 117 arrests, the recovery of over $38,000 in stolen merchandise, the seizure of two illegal firearms, and the recovery of three stolen vehicles. Expected charges range from petty theft and grand theft […]
BERKELEY — Rigetti Computing, a specialist in full-stack quantum-classical computing, announced the public launch of its 84-qubit Ankaa-3 system. Ankaa-3 is Rigetti’s newest flagship quantum computer featuring an extensive hardware redesign that enables superior performance. Rigetti also celebrates major two-qubit gate fidelity milestones with Ankaa-3: successfully halving error rates in 2024 to achieve a median […]
DoorDash, the nation’s leading food-delivery service, says it is rolling out more frequent identity re-verification and new machine learning technology to verify Dashers are who they say they are. The company will now require more than 150,000 Dashers to re-verify their identity each week. There has been a growing market of gig users renting out […]
SUNNYVALE — Mojave Energy Systems, founded to change the nature of air conditioning, has raised $9.5 million in Series A funding. The Series A round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital. The new capital will be used to accelerate the adoption […]
Netflix said that its Christmas Day games were the two most streamed NFL games in US history with an average audience of over 24 million viewers each, highlighted by Beyoncé’s halftime performance during the Baltimore Ravens vs. Houston Texans game. Christmas was a record-breaking day for Netflix and the NFL, with an unduplicated audience of […]
SAN FRANCISCO — Boon AI (boon), an AI-powered workflow platform for commercial fleets, is launching to transform supply chain and logistics by delivering a single system to automate repetitive manual tasks. boon already works with dozens of companies, deploying its AI agent to take on tasks for customers after mimicking manual workflows for just a […]