Electronic Arts Cuts 5% of Workforce Amid Tech Industry's Downscaling Trend
EA is reducing its workforce by 5%, affecting approximately 600 employees, as part of a strategic realignment to focus on core franchises and online communities amid industry changes.
OpenGov's Valuation Soars to $1.8 Billion as Cox Enterprises Acquires Majority Stake, Paving Way for Enhanced GovTech
OpenGov's valuation hits $1.8 billion after Cox Enterprises acquires a majority stake, expanding the cloud software provider's reach across government agencies.
Google Pauses AI Image Creation Amidst Uproar Over Racially Diverse Historical Depictions
Google suspends its AI system Gemini's ability to create images of people due to backlash over historically inaccurate and culturally insensitive depictions.
Even SF Detractors Return as AI Bloom Drives Startup Funding; Rival Tech Hubs Austin, Miami See Steep Declines
Even previously skeptical tech and finance figures are returning to San Francisco, drawn by its booming AI industry. The city's tech industry roots prove deep as rival hubs Austin and Miami face steep declines.
Lambda Secures $320M Boost for AI Ambitions with Series C Led by USIT, Elevates GPU Cloud Platform
Lambda secures $320 million in Series C funding led by USIT to expand its AI-focused GPU cloud services, with participation from B Capital, SK Telecom, T. Rowe Price Associates, and others.
Super Micro Computer Buys Former Fry's Electronics Site in San Jose for $80M Cash, Plans for Tech Hub Emerge
Super Micro Computer has purchased the former Fry's Electronics site in San Jose for $80 million in cash, potentially transforming it into a tech hub.
Gilead Sciences Buys CymaBay Therapeutics for $4.3B, Boosting Liver Disease Treatment Options
Gilead Sciences is acquiring CymaBay Therapeutics for $4.3 billion, enhancing its liver disease portfolio with seladelpar, a drug for primary biliary cholangitis.
Meta's Oversight Board Upholds Controversial Biden Video on Facebook, Calls for Policy Reform Ahead of Elections
The Oversight Board allowed an edited Biden video on Facebook but urged Meta to revise its manipulated media policy, which it found incoherent and too focused on content creation rather than preventing harm.
Tesla, Inc. Settles for $1.5 Million Over Hazardous Waste Mismanagement Claims in California
Tesla, Inc. agrees to a $1.5 million settlement for claims of improper hazardous waste handling at its California facilities, according to San Francisco's District Attorney.












