News about Silicon Valley business almost everyday.
Google announced it will Invest up to $150 million in Warby Parker, a designer of eyeglasses and national chain of stores. Warby Parker will partner with Google to develop AI-powered glasses intended for all-day wear. The partnership will combine Warby Parker’s signature approach to eyewear design with Google’s industry-leading technology ecosystem, bringing the next generation […]
SAN JOSE — Two California men pleaded guilty yesterday to not paying over employment taxes to the IRS. The following is according to court documents and statements made in court: Lalo Valdez and Matthew Olson, both of Northern California, operated a San Jose-based health informatics and product development company that provided clinical care and technology […]
SAN FRANCISCO — Regeneron Pharmaceuticals, a NY-based, biotechnology company — is buying bankrupt 23andMe for $256 million. The agreement includes Regeneron’s commitment to comply with the Company’s privacy policies and applicable law, process all customer personal data in accordance with the consents, privacy policies and statements, terms of service, and notices currently in effect and […]
At the Computex trade show in Taiwan, NVIDIA unveiled NVIDIA NVLink Fusion — new silicon that lets industries build semi-custom AI infrastructure with the vast ecosystem of partners building with NVIDIA NVLink, the world’s most advanced and widely adopted computing fabric. MediaTek, Marvell, Alchip Technologies, Astera Labs, Synopsys and Cadence are among the first to […]
Ernst & Young LLP (EY US) announced the finalists for the prestigious Entrepreneur Of The Year 2025 Bay Area Award. Now in its 40th year, the Entrepreneur Of The Year program celebrates the bold leaders who disrupt markets through the world’s most ground-breaking companies, revolutionizing industries and making a profound impact on communities. The program honors […]
SAN FRANCISCO — Affirm, a leading buy now pay later financial network, has inked a multi-year partnership with Costco Wholesale Corporation. Costco is the world’s third-largest retailer and has named Affirm as a pay-over-time provider for Costco.com in the U.S. Costco members now shopping online can use Affirm at checkout to pay over time without […]
MOUNTAIN VIEW — Samaya AI, an expert artificial intelligence platform for financial services, has scored $43.5 million in financing, led by NEA (New Enterprise Associates), with participation from leaders in technology and financial services, including Eric Schmidt (former CEO of Google), Yann LeCun (AI Turing Award winner), David Siegel (Co-founder Two Sigma), and Marty Chavez […]
SAN FRANCISCO — Mayor Daniel Lurie and clean energy company Intersect Power, LLC announced the company’s new headquarters at 140 New Montgomery in downtown San Francisco, marking another step in downtown’s comeback and underscoring the city’s dominance as a global innovation hub and technology leader. To continue this dominance, Mayor Lurie has been working to accelerate […]
SAN FRANCISCO — Cognichip, a company pioneering Artificial Chip Intelligence (ACI) to power the future of semiconductor design, has launched out of stealth with $33 million in seed funding. Led by Lux Capital and Mayfield, with support from FPV and Candou Ventures, Cognichip is pioneering the first physics-informed foundational model (PIFM) for semiconductors, designed to […]
SUNNYVALE — Avicena, a developer of ultra-low power high-density microLED-based interconnects, has raised $65 million in Series B Funding, bringing the total capital raised to $120 million. The round was led by Tiger Global with participation from new and existing investors including Maverick Silicon, Prosperity7 Ventures, Venture Tech Alliance, SK hynix, Cerberus Capital Management, Hitachi […]
SAN JOSE – Tae Hyun Lee pleaded guilty in federal court last week to aiding and assisting in the preparation and presentation of a false tax return for the year 2019. According to court documents and statements made in court, Lee, 62, of San Jose, a self-employed chiropractor and the sole owner and operator of […]
On May 6, at approximately 6:15 a.m., Livermore Police responded to a vehicle burglary in the Starbucks parking lot on Vasco Road. Witnesses stated the suspect had broken into a parked vehicle while the victim was inside the store and stole a backpack containing a wallet, cell phone, and electronics before driving off. Witnesses provided […]