News about Silicon Valley business almost everyday.
Roku announced that after their initial successful debuts Roku Originals “Emeril Cooks,” starring chef Emeril Lagasse, and “Martha Cooks,” starring Martha Stewart, will return for all-new seasons on The Roku Channel. The first seasons of both “Martha Cooks” and “Emeril Cooks” premiered in the fall of 2022 on The Roku Channel. · “Emeril Cooks” Season 2 The second […]
Silicon Valley will have a big presence in advertising during Sunday’s Super Bowl game between Kansas City and Philadelphia on Fox Network. Apple will be the sponsor of the halftime music show featuring Rihanna, replacing Pepsi, which had been the halftime sponsor for the past decade. Netflix is teaming up with GM in a 60-second […]
ChatGPT, the popular new AI service from OpenAI, has unveiled a new subscription plan earlier this month. ChatGPT Plus is available for $20/month, and subscribers will receive a number of benefits: General access to ChatGPT, even during peak times Faster response times Priority access to new features and improvements ChatGPT Plus is available to customers in the United […]
For the third year in a row, 94027 in Atherton, CA, is the most expensive zip code in America in 2022 according to RealtyHop, with a median price of $9,000,000, increasing 0.56% from $8,950,000 in 2021. California has 59 of the most expensive zip codes, the most of any state. Los Angeles has the highest […]
Shares in C3.ai were up 18% Friday to close at $25.68 and are up 133% so far in 2023. The company provides enterprise businesses with AI applications which is the hot technology in Silicon Valley after the release of ChatGPT in November. Last week, C3.ai announced the launch of the C3 Generative AI Product Suite […]
PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]
Doordash, the nation’s leading food delivery service, says its three co-founders will sell a combined 6.6 million shares of stock by this spring. At current share prices, the trio could reap over $369 million after the sales. CEO Tony Xu, Chief Technical Officer Andy Fang, and Chief Product Officer Stanley Tang — all Stanford grads […]
SAN FRANCISCO — PayEm, a platform for spend and procurement management, has landed $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. “This is a significant milestone in the company’s growth. Our new warehouse credit facility allows us to scale our credit cards operation and support […]
SAN JOSE — Silicon Valley’s home airport is getting a slight new name change. Instead of Mineta San Jose International Airport, the airport will now be known as San José Mineta International Airport (SJC). The airport was named for the late congressman and Secretary of Transportation Norman Mineta in 2001. He passed away last year. […]
The founder and majority owner of a cryptocurrency exchange, Bitzlato Ltd. (Bitzlato), was arrested earlier this week in Miami for his alleged operation of a money transmitting business that transported and transmitted illicit funds and that failed to meet U.S. regulatory safeguards, including anti-money laundering requirements. Anatoly Legkodymov, 40, a Russian national who resides in […]
The nation’s leading coffee chain — Starbucks — is expanding its partnership with DoorDash with new delivery service launching today in Northern California, Texas, Georgia, Florida and other select markets. Starbucks delivery via DoorDash will expand to additional markets over the coming months, with full nationwide availability anticipated in all 50 states by March 2023. […]
AMSTERDAM & SANTA CLARA — Archer Aviation Inc. has announced an agreement with Stellantis to significantly expand their partnership by joining forces to manufacture Archer’s flagship electric vertical take-off and landing (eVTOL) aircraft, Midnight. Stellantis, based in the Netherlands, is one of the world’s leading auto companies and the parent of Chrysler, Dodge, Jeep Peugeot, […]