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US-China relations
US House panel probes Sequoia’s Chinese tech investments
...Sequoia has come under scrutiny from lawmakers amid security experts’ concerns about US capital flowing to groups in China that help the country’s military....
October 18, 2023
GGV Capital
Venture firm GGV Capital to split off China business after US pressure
...In the US, its portfolio companies have included home rentals site Airbnb, business messaging service Slack and fintech Affirm....
September 21, 2023
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
News in-depthSequoia Capital
Investors raise questions after Sequoia Capital’s turbulent year
...“If [the new fund] allows Sequoia to hold a security that becomes a Google or Amazon outcome, the early pain will be forgotten,” said one backer....
September 5, 2023
News in-depthTech start-ups
Silicon Valley VCs rush into defence technology start-ups
...In recent years, the US has set up a series of government agencies to encourage more private sector development of tech with national security applications, including the Defense Innovation Unit in 2015...
June 20, 2023
Apple Inc
Apple seeks to bolster expertise in generative AI on mobile devices
...This remains a huge technical challenge not yet solved by Apple’s competitors, but will be vital to the iPhone-maker’s core businesses in device sales and associated services....
August 5, 2023
News in-depthTechnology sector
Silicon Valley Bank profit squeeze in tech downturn attracts short sellers
...San Francisco-based First Republic, SVB’s closest rival in Silicon Valley, had $55bn in investment securities including $28bn of held-to-maturity debt securities, compared to $167bn in total loans....
February 22, 2023
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
Travelista
Six cool California hotels to book now
...The Carmel Beach Hotel, operated by Mirabel, the hotel-restaurant company owned by local David Fink, has taken over Colonial Terrace at the corner of 13th and San Antonio (a serendipitous location: San Antonio...
February 25, 2024
Apple Inc
Apple reaches $490mn settlement over Tim Cook’s China demand comments
...It has denied violating US securities law. The settlement still requires approval from the California federal judge overseeing the case....
March 15, 2024
Apple Inc
Apple’s $85bn-a-year services business faces legal reckoning
...Apple has dragged its feet on this issue, since it maintains the practice will create security risks to its system....
January 1, 2024
Venture capital investment
Investors raise billions to buy discounted stakes in start-ups
...“I think the next few months will be the best time to be a buyer of these types of securities in the past half decade.”...
January 17, 2024
Apple Inc
Apple boosts plans to bring generative AI to iPhones
...“They are getting ready to do some significant M&A,” said Daniel Ives at Wedbush Securities....
January 24, 2024
Dianne Feinstein
US senator Dianne Feinstein dies, aged 90
...“For decades, Senator Feinstein was a pillar of public service in California,” Pelosi said....
September 29, 2023
LexDriverless vehicles
Driverless cars/Cruise: robotaxi rollout is stop, start, stop Premium content
...The California Department of Motor Vehicles had already ordered Cruise to take its driverless cars off the roads....
November 16, 2023
Cisco Systems Inc
Cisco agrees $28bn deal for cyber security group Splunk
...The San Jose, California-based company will pay $157 in cash for each Splunk share, representing a premium of 31 per cent to its closing share price on Wednesday and creating one of the world’s largest software...
September 21, 2023
News in-depthChinese military
China’s military capability set to grow faster than its defence budget
...That requires more rather than less resources,” said Tai Ming Cheung, director of the Institute on Global Conflict and Co-operation at the University of California San Diego....
March 6, 2024
FT Live
Building an AI-First Organisation
How can business leaders use AI to drive value?
Thursday, 25 AprilHôtel Lutetia, Paris, France
OpenAI
OpenAI says Sam Altman to return as chief executive under new board
...In a dramatic reversal, Altman, who was fired by OpenAI’s board of directors last week, will be reinstated under the supervision of a new board, the company said late on Tuesday in California....
November 22, 2023
News in-depthCommercial property
Defaults raise alarm over stability of San Francisco’s commercial property
...In many cases, big commercial real estate lenders in San Francisco, which include JPMorgan, Deutsche Bank, Wells Fargo and Bank of America, syndicated the property debt via commercial mortgage-backed securities...
June 17, 2023
FirstFT
FirstFT: US-China meeting stokes hopes for Biden-Xi summit
...The lawsuit, which was filed in the superior court in San Francisco by California’s attorney-general on Friday, seeks damages from the oil industry to help pay for the costs of climate change....
September 18, 2023
#techAsia
AI at Davos and Samsung’s new ring Premium content
...Samsung teased an image of the Galaxy Ring at its event in San Jose, California, last week, after unveiling its first AI-powered Galaxy S24 series smartphones....
January 25, 2024
FT Magazine
What if San Francisco never pulls out of its ‘doom loop’?
...Merlin is unusual among San Francisco’s homeless population because he was born in the city. California, with its climate and liberal reputation, has always been a lure for people on the fringe....
May 18, 2023
The Big Read
How geopolitics caught up with Canada
...The case followed leaks to the media about internal warnings the Canadian Security Intelligence Service had issued to the government about the case, which sparked criticism that Trudeau had not taken the...
November 26, 2023
FT Magazine
How Silicon Valley’s ‘Oppenheimer’ found lucrative trade in AI weapons
...On a summer evening in San Francisco in 2019, General Catalyst’s 40 partners were summoned to a meeting at the venture capital firm’s downtown office....
March 28, 2024
White collar crime
Mike Lynch uses $50mn in Darktrace shares to secure US bail
...A judge in California ordered Lynch to pay a $100mn bail bond secured by $50mn in cash or shares following a hearing shortly after his arrival in San Francisco....
May 28, 2023
FT Moral Money Forum
What does AI mean for a responsible business?
...Also in the portfolio is California-based KoBold Metals, backed by Bill Gates and Jeff Bezos....
March 27, 2024
News in-depthChinese politics & policy
Xi Jinping puts China’s security ahead of tackling its economic woes
...,” said Victor Shih, a professor of Chinese political economy at the University of California San Diego....
September 4, 2023

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