News about Silicon Valley business almost everyday.
SANTA CLARA — Applied Materials announced that its Board of Directors has approved a quarterly cash dividend of $0.40 per share payable on the company’s common stock. The dividend is payable on Sept. 12, 2024 to shareholders of record as of Aug. 22, 2024. The cash dividend is a key component of Applied’s capital allocation […]
REDWOOD CITY — Learn to Win, a provider of personalized, predictive, and secure enterprise training software, has raised an oversubscribed $30 million in Series A funding led by the Westly Group, with follow-on participation from Norwest Venture Partners and Pear VC. This funding accelerates the company’s progress to scale its modern training platform that redefines […]
OAKLAND – Craig Curtis Freeman was sentenced to 24 months of imprisonment for breaking and entering a U.S. Postal Service mail truck and mail theft, announced United States Attorney Ismail J. Ramsey and U.S. Postal Inspection Service (USPIS) Inspector in Charge Rafael Nuñez. The sentence was handed down on May 29, 2024, by the Honorable […]
DÜSSELDORF, GERMANY & SAN FRANCISCO — Cognigy, a provider of AI-first customer service automation, has raised $100 million in Series C funding. The round was led by Eurazeo Growth, with participation from existing investors Insight Partners, DTCP and DN Capital and others. The new funding will accelerate Cognigy’s mission to deliver AI-first customer service at […]
CUPERTINO — Apple announced the Apple Vision Pro device will expand to new countries and regions, with pre-orders for China mainland, Hong Kong, Japan, and Singapore beginning this Thursday, June 13, at 6 p.m. PT and availability beginning Friday, June 28. Customers in Australia, Canada, France, Germany, and the United Kingdom can pre-order Vision Pro […]
Open AI has announced the hire of two experienced executives with an eye for a potential IPO down the road. Sarah Friar [pictured] is joining as Chief Financial Officer. She will lead a finance team that supports the company’s mission by providing continued investment in core research capabilities, and ensuring that it can scale to […]
Shares in Lam Research hit an all-time high on Monday, reaching $1,008.50. Shares dropped $3.32 on Tuesday to close at $999.75. Based in Fremont, Lam Research is a leading manufacturer of wafer-fabrication equipment for the semiconductor industry. The company announced last week a 10-for-1 stock split to be effective after market close on Wednesday, October […]
Apple gained over $200 billion in market cap in just one day Tuesday. Shares in the second most valuable company rocketed over $14 after announcing new artificial intelligence features in upcoming software for iPhones, iPads and Macs. Apple’s market cap ended the day at $3.176 trillion, about $400 billion from Microsoft with $3.216 trillion. Track […]
SAN JOSE — Cyberhaven, a company specializing in data detection and response (DDR), has raised $88 million in Series C funding led by Adams Street Partners, LLC and Khosla Ventures, with significant participation from existing investors Redpoint Ventures, Costanoa Ventures, Vertex Ventures, Crane Venture Partners, and Wing Venture Capital. Prominent security leaders including Amol Kulkarni, […]
CUPERTINO — Apple is wading into AI with the launch of Apple Intelligence, the personal intelligence system for iPhone, iPad, and Mac that combines the power of generative models with personal context to deliver intelligence that’s incredibly useful and relevant. The company says Apple Intelligence will be deeply integrated into iOS 18, iPadOS 18, and macOS […]
The Charles Schwab trading platform is unavailable Tuesday for users of its mobile app. Customers who try to log in are shown a message that says Login Unavailable, Try Again Later or call Schwab’s toll-free number. The company has not said what the problem is and when it would be resolved. Schwab recently merged accounts […]
SAN FRANCISCO – San Francisco District Attorney Brooke Jenkins announced that Sedric Lane (25), Darrell Jones (23), Aliajah Kingwright (20), Mya Thompson (19), Jzelun Brown (20), and Ezaria Hammond (19) were charged in connection to an organized retail theft on the City’s West Side. They are alleged to have stolen over $3,000.00 in merchandise from […]