The former CEO of SKAEL, Baba Nadimpalli, has been charged by a federal grand jury with securities and wire fraud, involving false financial claims to investors.

The former CEO of SKAEL Inc., Baba Nadimpalli, is charged by the SEC with committing a $30 million fraud by inflating company revenues and faking customer relationships.

Dreamforce tech conference in San Francisco triggers traffic with street closures; Salesforce promotes Agentforce, aiming to show advanced AI integration in business and feature industry and celebrity speakers.

Tally, a San Francisco fintech startup aiming to help with credit card debt, has shut down after failing to secure necessary funding, despite previously raising $80 million in Series D.

Waymo has begun testing its driverless cars on San Francisco freeways, potentially leading to a broader commercial rollout of autonomous vehicle services.

Waymo's autonomous ride-hailing service now covers more areas in San Francisco and Los Angeles, including Daly City and parts of Hollywood. The expansion comes amidst competition and ongoing regulatory scrutiny.

X, formerly Twitter, is closing its San Francisco HQ and will relocate staff to San Jose and Palo Alto, sharing space with x.AI, as announced by CEO Linda Yaccarino.

Elon Musk has filed a federal lawsuit against OpenAI, alleging the AI firm has strayed from its original non-profit mission and is now prioritizing profit.

Vir Biotechnology is reducing its workforce by 25%, affecting 141 jobs, as it restructures and focuses on hepatitis research, despite reporting a $138 million loss but maintaining a $1.3 billion valuation.

The SEC has charged ex-CEO of IRL, Abraham Shafi, with conducting a $170 million fraud, misleading investors on user numbers and using funds for personal expenses.

Tesla shareholders sue Elon Musk over alleged conflicts of interest and misallocation of resources to a competing AI company, and for purportedly profiting from insider information.

OpenAI has launched GPT-4o amidst AI global protests, enhancing AI interactions with features like voice conversation and real-time responses. OpenAI plans to eventually offer it for free.

The RSA Conference 2024 began in San Francisco, with cybersecurity professionals gathering to share insights and Linda Gray Martin emphasizing the community's role in innovation.