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Jacqueline Novogratz, founder and CEO of Acumen, says she is wary of philanthropy entrepreneurs who think they can cure poverty using a Silicon Valley model. “The biggest point of failure when we’re looking at entrepreneurs … is they come in thinking they have this solution,” Novogratz said at Fortune’s Most Powerful Women Summit in Riyadh. “That, … Read more
The California Public Utilities Commission has approved Waymo’s request to expand its commercial robotaxi service area, opening the door for the Alphabet company to bring its driverless ride-hailing vehicles into more communities south of San Francisco. The company said in a post on X the approval won’t change its plans in the near term. Today, … Read more
Elon Musk isn’t the only tech billionaire with power over the federal agencies that regulate his businesses. Since Donald Trump took office, more than three dozen employees, allies, and investors of Musk, Peter Thiel, Marc Andreessen, and Palmer Luckey have taken roles at federal agencies, helping direct billions in contracts to their companies. Companies owned, … Read more
Just over two years after the collapse of Silicon Valley Bank and First Republic, banks are still taking big losses thanks to high interest rates. That’s cause for major concern, several experts told Fortune, especially if President Donald Trump’s tariffs lead to the dreaded combination of “stagflation,” or rising inflation coupled with slowing growth, putting … Read more
After years of trying to make inroads into the notoriously byzantine defense sector of the U.S. government, Silicon Valley is finally getting its chance. A crop of new defense startups from the Valley are making their way to Washington at a time when the Pentagon is eager for new tech. Many leading figures from tech … Read more
The Hill and Valley Forum in Washington D.C. is a gathering of Silicon Valley executives and policymakers organized by Jacob Helberg, President Donald Trump’s nominee for undersecretary of state for economic growth, energy, and the environment. Tasos Katopodis/Getty Images
As of this writing, Silicon Motion Technology Corporation (NASDAQ: SIMO), a leading provider of NAND flash controllers for solid-state storage devices, has seen its stock price surge by an impressive 14.08%, reaching $51.52 per share. This significant gain comes on the back of the company’s recent announcement of its financial results for the first quarter … Read more
HARRISBURG, Pa. (AP) — Coal-fired power plants, long an increasingly money-losing proposition in the U.S., are becoming more valuable now that the suddenly strong demand for electricity to run Big Tech’s cloud computing and artificial intelligence applications has set off a full-on sprint to find new energy sources. President Donald Trump — who has pushed … Read more
The Primary School, a tuition-free private school with 543 students co-founded by Mark Zuckerberg’s wife Priscilla Chan, will shutter its doors after roughly a decade in operation. The school, which has two locations in the San Francisco area, said in a note on its website that it will close after the 2025-2026 academic year. To sustain its … Read more
President Donald Trump’s chaotic tariff rollout has wreaked havoc on the stock market, but an investor all-in on Netflix might not have noticed. While the benchmark S&P 500 index has fallen over 10% this year, Netflix shares have risen more than 8% in that span, even after the stock pared its gains when the broader … Read more
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