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 $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.

Google's AI chatbot Gemini receives mixed reviews for its performance, showing both potential and limitations, and is integrated into various Google products.

Cisco Systems Inc. is cutting 5% of its workforce, amounting to over 4,000 jobs, aiming to refocus on growth areas like cybersecurity amidst economic challenges.

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 is acquiring CymaBay Therapeutics for $4.3 billion, enhancing its liver disease portfolio with seladelpar, a drug for primary biliary cholangitis.

A Waymo self-driving car hit a bicyclist in San Francisco, raising safety questions regarding autonomous vehicles.

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. 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.

Okta, Inc. is laying off 7% of its workforce, about 400 employees, to cut costs and enhance profitability. The CEO cited high costs and the layoffs coincide with the tech industry's trend of job cuts. Okta's shares rose post-announcement.

U.S. Senators critiqued social media CEOs for failing to protect children online, with heated exchanges and calls for legislative action during a Judiciary Committee hearing.

Waymo plans to expand its driverless taxi service to Los Angeles and parts of Santa Clara County despite San Francisco's legal challenge.

Bandwidth IG expands its fiber network in the San Francisco Bay Area, adding over 310 route miles to support data center growth, including a new marine cable for improved connectivity.