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Masayoshi Son
SoftBank’s Masayoshi Son piles debt on to Silicon Valley mansion
...Son soon decided to rebuild Friedman’s mansion, landing his SV Projects LLC at the centre of controversy in the little town of Woodside....
January 14, 2024
General Motors Co
GM to cut spending on self-driving unit Cruise after accident
...The California Department of Motor Vehicles said the cars were “not safe” and accused Cruise of having “misrepresented” the details of the incident....
November 28, 2023
FT Live
Future of the Car
The technology and new business models shaping the next decade in automotive
Tuesday, 7 MaySancroft, Paternoster Square, London EC4M 7DQ, UK
US equities
The tiny Chinese tea seller whose shares trade more than Tesla’s
...The California-based lossmaking electric vehicle maker topped the monthly trading leaderboard five times in 2023, even as its shares plummeted 99 per cent....
February 9, 2024
Google LLC
Google streamlines structure to speed up AI efforts
...The reshuffle comes ahead of Google’s first-quarter earnings on 25 April and its annual I/O developer conference on 14 and 15 May at its headquarters in Mountain View, California....
April 18, 2024
Endeavor
Talent agency Endeavor to go private in $13bn deal with Silver Lake
...California-based Silver Lake has focused on larger takeovers in recent years, with co-chief executive Egon Durban telling the Financial Times last year that the group was focused on “all-in bets”....
April 2, 2024
Cruise LLC
GM’s driverless car unit Cruise probed over dragging incident
...When suspending Cruise’s driverless permit, the California Department of Motor Vehicles said the company had misrepresented the details of the accident by failing to disclose in meetings the day after it...
January 25, 2024
FT Live
Future of AI
Igniting a new era of innovation and investment
Wednesday, 6 NovemberLondon. UK
Google LLC
Google engineer charged with AI secrets theft while working for Chinese groups
...Ding was arrested on Wednesday in Newark, California, and charged with four counts of theft of trade secrets....
March 6, 2024
Cruise LLC
GM’s Cruise driverless vehicles banned from California roads
...California regulators have barred Cruise’s autonomous vehicles from the state’s roads and accused the company of misrepresenting details about an accident, dealing a sharp setback for the General Motors-owned...
October 24, 2023
Driverless vehicles
GM’s Cruise to suspend all driverless car fleets after California ban
...In a blog post, Cruise confirmed the details of the incident but said it had “proactively” shared information with the California DMV and other authorities and stayed in close contact with them....
October 27, 2023
US financial regulation
Largest US supermarket deal caught in Biden antitrust crackdown
...including California and Wyoming....
February 26, 2024
Google LLC
Google loses antitrust lawsuit against Epic over its app store
...Epic lost a related case against Apple in 2021, when a California judge concluded that the tech giant did not break the law by imposing rules that block rival stores and payment methods on its devices....
December 12, 2023
Driverless vehicles
California clears way for driverless taxis in San Francisco
...of Motor Vehicles....
August 11, 2023
Artificial intelligence
AI boom sparks concern over Big Tech’s water consumption
...Researchers from the University of California, Riverside, wrote in a paper cited in Nature this week that it was a “critical time to uncover and address AI models’ secret water footprint amid the increasingly...
February 25, 2024
The Big Read
How Google lost ground in the AI race
...In one big move in the aftermath of ChatGPT’s launch, Pichai pushed through a merging of its two AI research divisions: London-based DeepMind and California-based Google Brain, last April....
April 5, 2024
Inside BusinessRichard Waters
Cruise’s driverless car accident underlines the risks of AI
...This may be welcome, but it came after California regulators barred the company from operating....
November 9, 2023
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
John Thornhill
The AI revolution is generating some investor ‘hallucinations’ too
...Regulators are already investigating whether some cloud computing companies are operating like Hotel California, imposing punitive “egress” fees on customers to prevent them from checking out....
January 25, 2024
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
Cruise LLC
Self-driving car venture Cruise chief resigns after uproar over accident
...The co-founder and chief executive of General Motors-owned Cruise has resigned, weeks after the self-driving car company paused driverless operations and California regulators barred its vehicles from the...
November 20, 2023
Google LLC
Google to pay $700mn in antitrust settlement over Android app store
...The settlement requires approval from the California federal judge overseeing the states’ lawsuit, which was filed in 2021....
December 19, 2023
Unhedged
The Magnificent 7 value trade Premium content
...Armstrong here, back after a week in California....
January 30, 2024
John Gapper
Google and Apple’s app stores are cash machines
...A California jury did not have much time for Google this week....
December 15, 2023
Deepmind Technologies Ltd
Google DeepMind researchers use AI tool to find 2mn new materials
...Researchers from the University of California, Berkeley and the Lawrence Berkeley National Laboratory have already used the findings as part of experimental efforts to create new materials, according to...
November 29, 2023
Banks
US regional lenders PacWest and Banc of California agree merger
...Investors in PacWest will receive 0.6569 of a share of Banc of California for each unit of stock they own....
July 25, 2023
News in-depthLos Angeles Dodgers
The financial engineers behind Shohei Ohtani’s $700mn mega-contract
...In 2012, the Dodgers franchise was bought at auction by an affiliate of Guggenheim Partners, a then-obscure, new-ish money manager headquartered in Chicago with a large office in Santa Monica, California...
December 16, 2023
On Wall StreetSujeet Indap
Junior analyst’s lawsuit against top bank puts Wall Street hours on trial
...Shiber testified that she now is a financial analyst at Google in California where her day wraps up between 5pm and 8pm....
November 18, 2023

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