News about Silicon Valley business almost everyday.
McDonald’s, the nation’s leading fast-food chain, is launching 12 days of free food deals starting Monday with Mariah Carey. Customers can get a free Big Mac Monday with any purchase of $1 when using the McDonald’s App. Mariah Carey is one of the best-selling musicians of all time and known for her holiday hit “All […]
SAN JOSE — Adobe has released the latest online inflation data for the month of November 2021. Online prices hit a record high at a 3.5% year-over-year (YoY) increase while prices are down 2% month-over-month (MoM) due to holiday discounts. This is the highest YoY increase since Adobe first began tracking the digital economy in 2014, […]
REDWOOD CITY – Enterprise AI software company C3.ai, Inc. has been awarded a new five-year Production-Other Transaction Agreement with the U.S. Department of Defense (DoD). The agreement allows for an accelerated timeline to acquire C3 AI’s suite of Enterprise AI products and allows any DoD agency to acquire C3 AI products and services for modelling […]
Shares in Apple continued to hit record highs and closed at $179.45 on Friday, up $4.89. The Cupertino company is now worth $2.94 trillion and closing in on the magical $3 trillion number. No company has ever traded at a value over $3 trillion and Apple could be the first one in history. If shares […]
SAN FRANCISCO — The EVERY Company (formerly Clara Foods), developer of animal-free protein, has closed $175 million in Series C financing. The round was co-led by new investor, McWin, and existing investor, Rage Capital. Other new and existing investors joined the round including Temasek, Grosvenor’s Wheatsheaf Group, and TO Ventures. Prosus Ventures also contributed to the […]
PALO ALTO — Silicon Valley law firm Wilson Sonsini Goodrich & Rosati has elected 23 new partners from its attorney ranks. The promotions will go into effect on February 1, 2022. For over 60 years, Wilson Sonsini has been a leading provider of legal services for technology startups in Silicon Valley. “Our class of partner-elects […]
NEWARK — Luxury electric car maker Lucid Motors has won the prestigious 2022 MotorTrend Car of the Year award for Lucid Air, the first time in which the first car from a new automotive brand has been awarded the “Golden Calipers.” “Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement […]
SANTA CLARA — Americans will have a better chance to find a home in 2022, but will face a competitive seller’s market as first-time buyer demand outmatches the inventory recovery, according to the Realtor.com 2022 Housing Forecast. The median home price is expected to rise 2.9% next year but rents are projected to go up even higher […]
SAN FRANCISCO — Simplified, an AI-powered content creation, and marketing platform that’s looking to take on Canva, announced an $8.5 million seed funding round led by Craft Ventures with participation from Khosla Ventures and Wing Venture Capital. The round also included investors Uncorrelated Ventures, 8-Bit Capital, Mads Johnsen (CPO, Calm), Manik Gupta (Corporate Vice President, Microsoft) Ankur Nagpal (Founder of Teachable, […]
Denny’s, a national chain of restaurants, has formed a partnership with Warner Brothers’ blockbuster The Matrix franchise to offer free delivery now through December 19 on all digital orders placed through Dennys.com and its new Denny’s apps for iOS and Android. During this limited-time promotion, Denny’s Rewards members will be transported into a real-life version of The Matrix where they will experience personalized “glitches” that […]
SANTA CLARA — With a booming market for technology stocks and IPOs, Intel plans to take its Mobileye division public in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on […]
SAN JOSE — eBay Inc. has named 50 recipients of its second annual Up & Running Grant program, which was created to support small businesses with funding and business development resources. This year’s list of 50 US winners includes sellers from 25 states across motors, electronics, fashion, beauty, collectibles and more. Each will receive $10,000 to re-invest in […]