OpenGov's Valuation Soars to $1.8 Billion as Cox Enterprises Acquires Majority Stake, Paving Way for Enhanced GovTech
OpenGov's valuation hits $1.8 billion after Cox Enterprises acquires a majority stake, expanding the cloud software provider's reach across government agencies.
Even SF Detractors Return as AI Bloom Drives Startup Funding; Rival Tech Hubs Austin, Miami See Steep Declines
Even previously skeptical tech and finance figures are returning to San Francisco, drawn by its booming AI industry. The city's tech industry roots prove deep as rival hubs Austin and Miami face steep declines.
Lambda Secures $320M Boost for AI Ambitions with Series C Led by USIT, Elevates GPU Cloud Platform
Lambda secures $320 million in Series C funding led by USIT to expand its AI-focused GPU cloud services, with participation from B Capital, SK Telecom, T. Rowe Price Associates, and others.
Meta's Oversight Board Upholds Controversial Biden Video on Facebook, Calls for Policy Reform Ahead of Elections
The Oversight Board allowed an edited Biden video on Facebook but urged Meta to revise its manipulated media policy, which it found incoherent and too focused on content creation rather than preventing harm.
Tesla, Inc. Settles for $1.5 Million Over Hazardous Waste Mismanagement Claims in California
Tesla, Inc. agrees to a $1.5 million settlement for claims of improper hazardous waste handling at its California facilities, according to San Francisco's District Attorney.
Okta Slashes 7% of Workforce, 400 Jobs Cut in Tech Sector Turbulence
Okta, Inc. is laying off 7% of its workforce, about 400 employees, to cut costs and enhance profitability. The CEO cited high costs and the layoffs coincide with the tech industry's trend of job cuts. Okta's shares rose post-announcement.
Capitol Grilling, Social Media CEOs in the Hot Seat Over Child Safety Failures
U.S. Senators critiqued social media CEOs for failing to protect children online, with heated exchanges and calls for legislative action during a Judiciary Committee hearing.
Elon Musk Seeks Bigger Stake at Tesla for AI and Robotics Leadership, Aiming for 25% Voting Control
Elon Musk seeks to increase his stake in Tesla to 25% for more voting control, particularly to influence its AI and robotics ventures, while awaiting a trial verdict on his past compensation.
Bay Area on Brink of Breakthrough, Quantum Tech Set to Shake Up Seismic Safety
A company, Q CTRL, is developing quantum sensing technology for early earthquake detection in the Bay Area, potentially offering earlier warnings than traditional methods.