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...A version of this article was first published by Nikkei Asia on April 19 2024. ©2024 Nikkei Inc. All rights reserved....
...The US and Japan are planning the biggest upgrade to their security alliance since 1960 in a move to counter China....
...“OpenAI, Inc has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawsuit alleged....
...“They’re not going to be Silicon Valley, they’ll be Death Valley,” he warned of the UK’s post-Brexit technology ambitions, following up this week by promising to expand in Europe....
...Western Alliance, Comerica, KeyBank and Zions, which attracted negative attention in March for their large securities losses or concentration of uninsured deposits, or both, have all rallied by 25 per cent...
...But for that to happen, don’t you need alliances between handset makers, OS makers and application developers that are not currently always that friendly?...
...Large US banks are being inundated with requests from customers trying to transfer funds from smaller lenders, as the failure of Silicon Valley Bank results in what executives say is the biggest movement...
...But publicly its messaging has been aligned with Silicon Valley,” he added....
...But the streamers were still more Silicon Valley than Beverly Hills....
...As dark clouds hung overhead, hundreds of striking screenwriters picketed along Sunset Boulevard outside the company they blame for bringing the remorseless economics of Silicon Valley to Hollywood: Netflix...
...Meanwhile, a group of Silicon Valley investors and tech executives, including Peter Thiel, Vinod Khosla and Keith Rabois, have formed an anti-China alliance to lobby for protecting US tech interests....
...Regional banks across the US have largely stopped the massive outflow of deposits that threatened their stability after the collapse of Silicon Valley Bank but their profit margins are shrinking unexpectedly...
...Gold prices are up 9 per cent since Silicon Valley Bank’s failed share sale, and up 22 per cent since November. Earlier in April prices came just shy of the all-time high, set in August 2020....
...The regional banks reporting next week include Comerica, Western Alliance and Zions Bank, all of which had their share prices fall sharply during the turmoil in March....
...Analysts have said Nissan, which has an alliance with France’s Renault and Mitsubishi Motors, could be a good fit for Apple....
...The system will also work with apps and devices made by Google and Microsoft as part of an industry alliance designed to tackle phishing attacks and password leaks....
...No bloodletting in Valley from Holmes and TheranosInstead of seeing the Elizabeth Holmes case as a spur to toughen up due diligence, Silicon Valley is choosing to dismiss it as an outlier, writes Elaine...
...It will merge with a Nasdaq-listed Spac launched by Silicon Valley VC firm Khosla Ventures. 2....
...The incomer, who will sit in the same team as Apple Pay and the iPhone’s Wallet app at its Cupertino headquarters, is charged with striking new alliances with “strategic alternative payment partners”....
...The deal, which is made up of a combination of equity and debt, forms part of a new alliance with payments group Visa....
...ByteDance said in its petition it had submitted a new proposal this month that discussed restructuring TikTok US as a new entity wholly owned by Oracle, the Silicon Valley tech group, Walmart, the retailer...
...(New York Times) Private equity is watching Silicon Valley buyout group Francisco Partners has poured billions into surveillance technology companies in exchange for eye-watering returns....
...Whatever their stance, the subject has become unavoidable for Silicon Valley chief executives....
...But Pichai says that living through last year’s California wildfires — which darkened the skies across Silicon Valley with smoke and ash for days — convinced him of the urgency....
...The alliance comes at a time when Silicon Valley’s dealmaking has come under extra scrutiny by antitrust regulators in the US and Europe....
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