The US Government Is Suing Itself Over Silicon Valley Bank

Photo: Ian Dyball (Getty Images) Can’t we all just get along? Not if you’re an employee of the federal government. The Internal Revenue Service (IRS) just filed a lawsuit against the Federal Deposit Insurance Corporation (FDIC) over a $1.45 billion tax bill stemming from the bailout of Silicon Valley Bank. Why Bitcoin won’t reach $1,000,000 … Read more

Peak XV takes startups on a Silicon Valley trip in AI push

Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Valley this week to meet several industry titans, the latest in the venture firm’s broadening offerings and networking flex. About 60 founders, many backed by … Read more

Etching AI Controls Into Silicon Could Keep Doomsday at Bay

Even the cleverest, most cunning artificial intelligence algorithm will presumably have to obey the laws of silicon. Its capabilities will be constrained by the hardware that it’s running on. Some researchers are exploring ways to exploit that connection to limit the potential of AI systems to cause harm. The idea is to encode rules governing … Read more

Disrupt! The Silicon Valley Elites Lining Up Behind Dean Phillips

“Having someone who’s 54 years old, like Dean Phillips, trying to address the challenges of AI would actually help me sleep more soundly at night,” Yang said. “As opposed to the folks that are currently in office who, frankly, think they’re going to be there whether they solve our problems or not.” But it’s unclear … Read more

As 2024 Begins, Silicon Valley Wants You To Be Optimistic About AI

Gif: PixelChoice (Getty Images) More people are making video games than ever before, but most games are still designed by teams of professionals. There’s a barrier of technical skills that keeps the average person from making their own game, but in 2024, that’s going to change. AI is going to make game development so easy … Read more

Samsung’s 2024 Galaxy Unpacked will take place in Silicon Valley

Samsung has formally announced its winter Unpacked — coming right on the heels of CES and just down the street from some of its biggest competitors’ HQs. As previously leaked announced, the event is scheduled for Wednesday, January 17th. It’ll be hosted at the SAP Center, because nothing says “go big or go home” like … Read more

Techno-optimists, doomsdayers and Silicon Valley’s riskiest AI debate

WASHINGTON, DC – SEPTEMBER 13: OpenAI CEO Sam Altman speaks with reporters on his arrival to the Senate bipartisan Artificial Intelligence (AI) Insight Forum on Capitol Hill in Washington, DC, on September 13, 2023. (Photo by Elizabeth Frantz for The Washington Post via Getty Images) The Washington Post | The Washington Post | Getty Images … Read more

Yet another former Silicon Valley darling is convicted of investor fraud

Mike Rothenberg, a former VC known for hosting lavish parties, was convicted today on 21 counts for defrauding investors Connie Loizos @Cookie / 9 hours This year will be remembered for a lot of things. Among them could be the growing number of stars in the startup world who were later convicted for defrauding investors.  … Read more

Cruise spirals and LTA’s airship breaks cover in Silicon Valley

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. … Read more

Google scraps $15 billion deal with lead developer of Silicon Valley campus projects

Google has ended its agreement with Lendlease, the lead developer it had been working with on four major campus projects in Silicon Valley. In an announcement published earlier on Friday, Lendlease said both companies had agreed to end the deal after determining that “the existing agreements are no longer mutually beneficial given current market conditions.”  … Read more