Mitchell Family Opens Luxury Wilkes Bashford Store in Wealthy San Fran Suburb of Palo Alto

Mitchell Family Opens Luxury Wilkes Bashford Store in Wealthy San Fran Suburb of Palo Alto

Don’t tell the Mitchells the luxury market is challenged. The Connecticut-based family that operates the country’s largest collection of high-end specialty stores is making a major statement about its belief in the future of luxury retailing in the U.S. On Wednesday, the Mitchells officially opened the doors to a new Wilkes Bashford store in Palo … Read more

How many foreigners work in the Chinese capital? Fewer and fewer

How many foreigners work in the Chinese capital? Fewer and fewer

With just a year to go until Beijing’s self-imposed deadline to become an international hub of innovation, just 22,000 foreigners are living and working long term in the Chinese capital. The estimate, from a report compiled by the Beijing International Talent Exchange Association and released at a forum late last month, is well down on … Read more

Historic funding round values OpenAI at US$157 billion

Historic funding round values OpenAI at US7 billion

OpenAI, the company behind ChatGPT, secured US$6.6 billion in new funding, propelling its valuation to US$157 billion and cementing its position as the world leader in artificial intelligence. The landmark investment, one of Silicon Valley’s largest, was announced by OpenAI on Wednesday. Founded in 2015 and led by Sam Altman, OpenAI plans to use the … Read more

Inside one of the first all-female hacker houses in San Francisco

Inside one of the first all-female hacker houses in San Francisco

For Molly Cantillon, living in a hacker house wasn’t just a dream, but a necessity. “I had lived in a few hacker houses before and wanted to replicate that energy,” said Cantillon, 20, co-founder of HackHer House and founder of the startup NOX. “A place where really energetic, hardcore people came together to solve problems. … Read more

Google wins EU ads abuse case, overruling €1.5 billion fine

Google wins EU ads abuse case, overruling €1.5 billion fine

Google won a court fight with the European Union over a €1.5 billion (US$1.7 billion) fine for thwarting competition for online ads, partly making up for last week’s crushing defeat in a separate judgment for abusing its monopoly powers. Judges at the EU’s General Court in Luxembourg backed the Alphabet unit’s challenge to a fine … Read more

S P Jain Group acquires California Miramar University, expands global footprint to the US | Education

S P Jain Group acquires California Miramar University, expands global footprint to the US | Education

The S P Jain Group announced its acquisition of California Miramar University (CMU), marking a strategic expansion into the United States. At the San Jose location, CMU will offer cutting-edge undergraduate and postgraduate programs in Artificial Intelligence, including an MBA and MS in Artificial Intelligence.(File Photo / Reuters) Through the acquisition, students have the opportunity … Read more

Data centres are hungry for power, and Alberta is pitching itself as the place to build

Data centres are hungry for power, and Alberta is pitching itself as the place to build

Alberta is putting itself in the race for a slice of the soaring growth of data centres in North America. A pair of Alberta cabinet ministers set off for Silicon Valley last week with the sole focus of promoting the province as a “prime location” to build the physical structures that store and process our digital information. Major … Read more

Why federal lawmakers are weighing in on proposed California AI bill

Why federal lawmakers are weighing in on proposed California AI bill

The fate of a bill that could reshape Silicon Valley’s surging artificial intelligence industry could be decided this week, with everyone from big tech to members of Congress jockeying to influence the outcome. Among the hundreds of bills scheduled for funding decisions by the powerful California State Assembly’s Appropriations Committee on Thursday is a controversial … Read more

Opinion | AI companies must pay attention to national security needs

Opinion | AI companies must pay attention to national security needs

While Russian, Chinese and Iranian drones are easy to destroy using existing Western systems, the costs are prohibitive. This unsustainable ratio is the result of decades of complacency and bureaucratic inefficiency. Worse, this situation is merely a prelude to a future of unmanned autonomous weapons. Most current drones are either controlled remotely by a human … Read more

How the “PayPal Mafia” Paved Trump’s Way in Silicon Valley

How the “PayPal Mafia” Paved Trump’s Way in Silicon Valley

It used to be that Silicon Valley was considered a blue bastion, and supported social causes like education, public health, and climate action. But, if that perception wasn’t already crumbling, then it has been utterly shattered in 2024. This past month has seen countless tech elites flock behind Donald Trump as their candidate of choice … Read more