Intel co-founder, creator of Silicon Valley's 'Moore's Law' dies at 94
Intel co-founder Gordon Moore, a Silicon Valley tech pioneer whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94.
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Intel co-founder Gordon Moore, a Silicon Valley tech pioneer whose "Moore's Law" predicted a steady rise in computing power for decades, died Friday at the age of 94.
The Federal Reserve is facing stinging criticism for missing what observers say were clear signs that Silicon Valley Bank was at high risk of collapsing into the second-largest bank failure in U.S. history.
Several dozen people waited in line outside Silicon Valley Bank's Menlo Park branch throughout the day Monday to pull out their money after the bank's swift and spectacular failure last week.
Matthew Faulkner, professor of accounting and finance at San Jose State University, talks to KPIX reporter Elizabeth Cook on how the Silicon Valley Bank failure would affect consumers who have no connection to the financial institution. (3/13/23)
After last week's collapse of Silicon Valley Bank, President Joe Biden urged calm and said there would be accountability. Meanwhile, account holders lined up at bank headquarters to withdraw their money after the federal government guaranteed deposits. Nicole D'Antonio and Devin Fehely reports. (3/13/23)
Suddenly-shuttered Silicon Valley Bank was the bank of choice for many tech companies and not having access to cash represents an existential crisis for them. Devin Fehely reports. (3-11-23)
Across the Atlantic, startup companies woke up Saturday to find that Silicon Valley Bank's U.K. business will stop making payments or accepting deposits.
SVB Financial Group's announcement that it needed to sell billions of dollars of assets to make its customers whole continued to send Wall Street into panic mode.
Customers of Silicon Valley Bank with deposits greater than the FDIC-guaranteed $250,000 wondered if they would be made whole after SVB was closed by regulators. Da Lin reports. (3-10-23)
Team coverage of the shocking bank failure which has rocked the Bay Area tech community. Anne Makovec and Elizabeth Cook report. (3-10-23)
A group of students and faculty from Santa Clara University is trying to make a difference for those caring for people living with Alzheimer's and dementia.
A lawmaker from Silicon Valley has introduced a proposal that would ensure all public high schools in California offer computer science courses, in an attempt to close the digital divide.
Faced with a shaky economy and company-wide layoffs, Google is reassessing the timeline for construction of its massive office development in downtown San Jose. Devin Fehely reports. (2/14/23)
Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes.
Google's parent company Alphabet on Thursday posted lower profit and a small revenue increase for last year's fourth quarter, as a decline in online ad spending and competition from rivals weigh on the search giant.
Facebook parent company Meta posted lower fourth-quarter profit and revenue on Wednesday, hurt by a downturn in the online advertising market and competition from rivals such as TikTok.
Online payments giant PayPal said Tuesday that it plans to cut 7% of its total workforce, joining other major Silicon Valley companies in announcing layoffs.
In just the past month there have been nearly 50,000 job cuts across the technology sector, many involving Silicon Valley firms.
A new round of layoffs from Google's parent company is sending more shudders through the technology industry. Shawn Chitnis reports. (1-20-23)
Netflix announced Thursday that its founder Reed Hastings is stepping down as co-CEO at the Los Gatos-based company and will serve as executive chairman.
A Silicon Valley company is using artificial intelligence to not only predict the path of atmospheric river storms, but also their potential impact. Mary Lee reports. (1/18/23)
These last few weeks, the Bay Area has been hit hard with a series of strong atmospheric rivers. A Silicon Valley tech company is now getting into the science of weather.
Elon Musk said Tuesday that he plans on remaining as Twitter's CEO until he can find someone willing to replace him in the job.
For many skilled workers from India who were recruited by tech companies to work in Silicon Valley, getting a green card is practically impossible.
Anne Makovec reports on the long awaited sentencing of former Theranos COO Balwani on 12 counts of fraud (12-7-2022)
