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☆ Who is Sam Altman? The man behind ChatGPT is about to have his moment on Capitol Hill
  + stars: | 2023-05-15 | by ( Jennifer Korn | ) edition.cnn.com   time to read: +9 min
New York CNN —For a few months in 2017, there were rumors that Sam Altman was planning to run for governor of California. Altman, the CEO and co-founder of OpenAI, the artificial intelligence company behind viral chatbot ChatGPT and image generator Dall-E, is set to testify before Congress on Tuesday. Maybe I’m wrong?’ Thank God someone with so much power has so much humility.”Others want Altman and OpenAI to move more cautiously. OpenAI co-founder & CEO Sam Altman speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 03, 2019 in San Francisco, California. Similar generative AI technology is quickly finding its way into productivity and search tools used by billions of people.
☆ Opinion | The Future Is Going to Be Weird. Are We Ready?
  + stars: | 2023-05-02 | by ( The Ezra Klein Show | ) www.nytimes.com   time to read: +1 min
But if there’s one thing that’s certain, it’s this: The future — shaped by technologies like artificial intelligence — is going to be profoundly weird. It’s going to look, feel and function differently from the world we have grown to recognize. How do we learn to navigate — even embrace — the weirdness of the world we’re entering into? We discuss how Silicon Valley’s particularly weird culture has altered the trajectory of A.I. development, why programs like ChatGPT can profoundly unsettle our sense of reality and our own humanity, how the behaviors of A.I.
☆ Tech Billionaires Bet on Fusion as Holy Grail for Business
  + stars: | 2023-04-23 | by ( Jennifer Hiller | ) www.wsj.com   time to read: 1 min
Sam Altman became a tech sensation this year as the CEO of OpenAI, the artificial-intelligence startup that seems pulled from science fiction. But Mr. Altman, who has been among Silicon Valley’s most prominent investors for more than a decade, has placed one of the biggest bets of his career on a company that might be even more futuristic: a nuclear-fusion startup called Helion Energy Inc.
☆ Tech layoffs raise new alarms about how platforms protect users
  + stars: | 2023-04-06 | by ( Clare Duffy | ) edition.cnn.com   time to read: +11 min
Some also formed ethical AI teams and invested in oversight groups. And Facebook-parent Meta suggested that it might cut staff working in non-technical roles as part of its latest round of layoffs. “With that outsourcing, I feel like they had this comfort level that they could cut some of the trust and safety team, but Twitch is very unique,” the former employee said. It invested heavily in content moderation, public policy and an oversight board to weigh in on tricky content issues to address rising concerns about its platform. Tech leaders may also be grappling with the fact that even as they built up their trust and safety teams in recent years, their reputation problems haven’t really abated.
☆ Cash App Founder Bob Lee Fatally Stabbed in San Francisco
  + stars: | 2023-04-05 | by ( Alyssa Lukpat | ) www.wsj.com   time to read: 1 min
Bob Lee built a career as a Silicon Valley executive and angel investor, according to his LinkedIn page. Bob Lee , the founder of money-transfer company Cash App and the chief product officer at cryptocurrency company MobileCoin Inc., was fatally stabbed in San Francisco on Tuesday. MobileCoin founder Joshua Goldbard confirmed Mr. Lee’s death in an email to The Wall Street Journal. Mr. Lee, who had been MobileCoin’s chief product officer since 2021, had previously worked on some of Silicon Valley’s most well-known products.
☆ How your phone learned to see in the dark
  + stars: | 2023-04-05 | by ( Samantha Kelly | ) edition.cnn.com   time to read: +7 min
While shots like these used to require advanced cameras, they’re now often possible from the phone you already carry around in your pocket. People watch fireworks during a Fourth of July celebration, in this photo taken using the Google Pixel 5 Night Sight setting. “The quality of the lens is still a big deal, and how the phone addresses the lack of depth,” Ray said. The next big thingWhile night photography on phones has come a long way, a buzzy new technology could push it ahead even more. If this technology is added to smartphone photo systems, it could eventually make night modes even more powerful, Su said.
☆ TikTok CEO to tell lawmakers its parent company is ‘not an agent of China’
  + stars: | 2023-03-22 | by ( Brian Fung | ) edition.cnn.com   time to read: +5 min
CNN —TikTok CEO Shou Chew plans to tell US lawmakers that the app’s parent company, ByteDance, does not work for the Chinese government as he seeks to avert a US ban and reassure policymakers TikTok poses no national security threat. “Let me state this unequivocally,” Chew will say, according to a copy of his remarks released by a key House panel. New TikTok data created by US users is already being stored on cloud-based servers operated by the US tech giant Oracle, a change that took effect last month, according to the testimony. USDS already has nearly 1,500 full-time employees and the company plans to hire more. Chew plans to describe the incident as a “misguided attempt to trace the source of a leak of confidential TikTok information.” TikTok informed the Energy and Commerce Committee about the spying “within moments of informing our employees,” Chew will add.
☆ Where is Silicon Valley's J. Pierpont Morgan?
  + stars: | 2023-03-17 | by ( Anita Ramaswamy | ) www.reuters.com   time to read: +3 min
After withdrawals lashed the banking system in 1907, financier J. Pierpont Morgan corraled his peers into using their own money to calm the crisis. The contrast with Silicon Valley – which is also embroiled in the ongoing firestorm – couldn’t be more stark. Startup and technology firms’ cash crunch precipitated the fall of Silicon Valley Bank and its parent SVB Financial (SIVB.O), which in turn sparked panic in the financial system. Silicon Valley is fragmented and built on an individualistic ethos. Real, toothsome regulation might force Silicon Valley’s great minds to realize how interconnected their ecosystem is.
☆ US marshalling 'material action' to stem SVB fallout -sources
  + stars: | 2023-03-12 | by ( Lananh Nguyen | Pete Schroeder | Sarah N. Lynch | ) www.reuters.com   time to read: +7 min
NEW YORK (Reuters) -U.S. authorities were preparing “material action” on Sunday to shore up deposits in Silicon Valley Bank (SVB) and stem any broader financial fallout from its sudden collapse, sources familiar with the matter told Reuters. Biden administration officials worked through the weekend to assess the impact of startup-focused lender SVB Financial Group’s failure on Friday, with a particular eye on the venture capital sector and regional banks, the sources said. REUTERS/Nathan FrandinoAnd amid increased withdrawals from other regional banks, U.S. officials are also keeping close watch on the wider sector. The S&P 500 regional banks index dropped 4.3% on Friday to end the week down 18%, its worst week since 2009. Signature Bank, First Republic Bank, PacWest Bank and Charles Schwab did not immediately respond to requests for comment.
☆ Silicon Valley Bank collapse sends tech industry into a panic
  + stars: | 2023-03-10 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +5 min
Following the bank’s collapse on Friday, uncertainty in the startup community only grew. Founders Fund, an influential venture capital firm founded by billionaire Peter Thiel, reportedly advised its portfolio companies to pull money from the bank. “SVB is the most important capital provider to tech startups and the biggest supporter of the community,” he said in a tweet. “Now is the time to support them.”The rapidly unfolding fallout at Silicon Valley Bank comes at a challenging moment for the tech industry. Now, the bank’s collapse risks compounding the industry’s cash crunch and broader turbulence.
☆ A generation of high-profile women tech leaders have stepped aside. What’s next?
  + stars: | 2023-02-24 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +7 min
The tech industry has now lost an entire generation of trailblazing women leaders and replaced them mostly with men. And in the wake of the pandemic, women leaders in corporate America more broadly are more likely than ever to quit, according to the most recent Women in the Workplace report from McKinsey & Company and LeanIn.Org. Now that she’s departing, Big Tech is facing a new reckoning over its failure to promote and support women leaders, and what this could mean for the next generation of women in the industry. “Without women in the C-suite who have come before them, it could make this transition period tougher for next generation women leaders,” Kray said. “I think that what she achieved and what she modeled will be something that will live on beyond the fact that now we don’t have a female Big Tech CEO.”
☆ Tesla to base engineering headquarters in California
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
Companies Tesla Inc FollowHP Inc FollowFeb 22 (Reuters) - Electric-vehicle maker Tesla Inc (TSLA.O) will make its global engineering headquarters in California, Chief Executive Elon Musk and California Governor Gavin Newsom announced on Wednesday. Tesla in December 2021 moved its corporate headquarters from Silicon Valley’s Palo Alto, California, to Austin, Texas, where it is operating a new car factory. Billionaire Musk himself moved from Los Angeles to the Lone Star State, which does not have state income tax. California remains a key source of talent for tech companies, and the Tesla engineering headquarters will be in a former Hewlett Packard building in Palo Alto. "This is a poetic transition from the company that founded Silicon Valley to Tesla," Musk said.
☆ AI Becomes Silicon Valley’s Next Buzzy Bandwagon as Crypto Boom Fizzles
  + stars: | 2023-02-18 | by ( Christopher Mims | ) www.wsj.com   time to read: 1 min
The new artificial-intelligence tools getting widespread attention for spitting out text, images and computer code are also generating something else: talk of the next technology bubble. Technologists broadly agree that the so-called generative AI that powers systems like ChatGPT has the potential to change how we live and work, despite the technology’s clear flaws. But some investors, chief executives and engineers see signs of froth that remind them of the crypto boom that recently fizzled.
☆ Microsoft and Google promised to invest in these communities. Now they’re backtracking
  + stars: | 2023-02-14 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +11 min
Hyosub Shin/The Atlanta Journal-Constitution/ZUMA Press WireFacebook-parent Meta, Microsoft, Salesforce and Snap have each shuttered offices or announced plans to cut back on real estate, according to recent corporate announcements, filings and local news reports. But residents also had cautious optimism about the benefits Microsoft promised to the community, according to Hope. Hope’s community isn’t alone in confronting the whiplash of Silicon Valley’s real estate pullback. An office sits vacant on October 27, 2022 in San Francisco, California. The US Census Bureau reports an estimated 35% of employees in San Francisco and San Jose continue to work from home.
☆ Silicon Valley’s Newest ‘It’ Couple Is Going Big on Real Estate. Here’s How They’ve Spent $140 Million.
  + stars: | 2023-02-10 | by ( Katherine Clarke | ) www.wsj.com   time to read: 1 min
They are one of Silicon Valley’s most prominent power couples. He is the co-founder of Slack, the messaging app that has helped redefine workplace communication and that was acquired by Salesforce in July 2021 for $27.7 billion. She is the co-founder and chief executive of Away, the trendy luggage manufacturer and retailer that was valued at $1.4 billion in a funding round in 2019. Now, Stewart Butterfield and Jen Rubio are developing a reputation outside of Silicon Valley circles—as collectors of trophy homes.
☆ Silicon Valley’s Newest ‘It’ Couple Is Going Big on Real Estate. Here’s How They’ve Spent $140 Million
  + stars: | 2023-02-09 | by ( Katherine Clarke | ) www.wsj.com   time to read: 1 min
They are one of Silicon Valley’s most prominent power couples. He is the co-founder of Slack, the messaging app that has helped redefine workplace communication and that was acquired by Salesforce in July 2021 for $27.7 billion. She is the co-founder and chief executive of Away, the trendy luggage manufacturer and retailer that was valued at $1.4 billion in a funding round in 2019. Now, Stewart Butterfield and Jen Rubio are developing a reputation outside of Silicon Valley circles—as collectors of trophy homes.
☆ Google and Microsoft’s AI arms race could have ‘unintended consequences,’ an AI ethicist warns
  + stars: | 2023-02-06 | by ( Oliver Darcy | ) edition.cnn.com   time to read: +4 min
New York CNN —Google is officially set to confront OpenAI’s ChatGPT — and soon. Ammanath said that “unintended consequences” accompany every new technology and reluctantly expressed confidence that it too will occur with AI chatbots, unless significant precautions are taken. Ammanath stressed that computer scientists working on AI have yet to solve for bias, a years-long problem, as well as other worrisome issues that plague the technology. And in its wake, other outlets like BuzzFeed, are already embracing the robot-writing technology to help it generate content and quizzes. “This is a new dimension that generative AI has brought in,” Ammanath added.
☆ Stripe Sets One-Year Timetable to Decide on Going Public
  + stars: | 2023-01-26 | by ( Peter Rudegeair | Corrie Driebusch | ) www.wsj.com   time to read: 1 min
Stripe’s last fundraising nearly two years ago valued the company at $95 billion. Stripe Inc. , one of Silicon Valley’s most valuable startups, is moving closer to what could be one of the biggest public-market debuts in recent memory. Stripe co-founders Patrick and John Collison told employees Thursday that executives set a goal of either taking the company public or allowing employees to sell shares in a private-market transaction within the next 12 months, according to people familiar with the matter.
☆ Jan. 6 Committee failed to hold social media companies to account for their role in the Capitol attack, staffers and witnesses say
  + stars: | 2023-01-26 | by ( Donie O'Sullivan Audrey Ash Zachary Cohen | Donie O'Sullivan | Audrey Ash | ) edition.cnn.com   time to read: +9 min
But now these witnesses, along with some committee staff, are frustrated, saying the committee failed to adequately hold major social media companies to account for the role they played in the worst attack on the Capitol in 200 years. They also said the final report outlines structural issues across social media and society that need to be studied further. Jeremy Moorhead/CNNDisagreement about social media companies’ role in the Jan. 6 attack comes as 2023 looks to be a pivotal year for Silicon Valley firms in Washington, DC. “Indeed, the lack of an official Committee report chapter or appendix dedicated exclusively to these matters does not mean our investigation exonerated social media companies for their failure to confront violent rhetoric,” they wrote. “History has taught us what happens when political speech on social media companies is allowed to fester unchecked.”
☆ Microsoft could bring back Clippy, but make him smart
  + stars: | 2023-01-25 | by ( Allison Morrow | ) edition.cnn.com   time to read: +6 min
New York CNN —This week, Microsoft confirmed it’s planning to invest billions in OpenAI, the company behind the viral new chatbot tool ChatGPT. The prospect of Microsoft, maker of software that people mostly hate, getting involved with ChatGPT, a product people generally like, is raising a lot of eyebrows. Almost immediately, people began joking on social media that ChatGPT could be used to revive the broadly maligned, big-eyed goon known as Clippy. “There is a kernel of truth to the Clippy comparison,” David Lobina, an artificial intelligence analyst at ABI Research, told Sam. All of the above suggestions were generated by asking ChatGPT various forms of the question, “How could Microsoft integrate ChatGPT into its products?”Argh, Samantha, you scamp!
☆ How Microsoft could use ChatGPT to supercharge its products
  + stars: | 2023-01-25 | by ( Samantha Murphy Kelly | ) edition.cnn.com   time to read: +5 min
For Microsoft, integrating the chatbot tool could make its core software products more powerful. All of the above suggestions were generated by asking ChatGPT various forms of the question, “How could Microsoft integrate ChatGPT into its products?” Microsoft, for is part, has said little on possible integrations beyond recently announcing plans to add ChatGPT features to its cloud computing service. “Microsoft will deploy OpenAI’s models across our consumer and enterprise products and introduce new categories of digital experiences built on OpenAI’s technology,” Microsoft said in a press release this week, announcing the expanded partnership. For Microsoft, that could make integrating the tool into specific products problematic. Integrating ChatGPT too quickly into Microsoft’s products could run the risk of schools rethinking their use of that software.
☆ Lincoln, Douglas and Netflix
  + stars: | 2023-01-02 | by ( Andy Kessler | ) www.wsj.com   time to read: 1 min
I just finished streaming the latest season of “The White Lotus.” And “House of the Dragon,” “The Peripheral,” “The Crown,” “Andor,” “The Rings of Power” and too many more. What a change from May 1961, when Newton Minow , chairman of the Federal Communications Commission, called television a “vast wasteland.” Or 1992, when Bruce Springsteen sang “57 Channels (and Nothin’ On).”Many shows exist only because computer-generated imagery can create otherworldly landscapes and gravity-defying creatures. Like it or not, Silicon Valley owns Hollywood. Well, not literally, but clearly today’s Hollywood wouldn’t exist without Silicon Valley’s streaming technology and high-end graphics. As these two industries continue to merge, which will become more dominant driving society and culture?
☆ Facebook considering whether to allow Trump to return, decision expected in ‘coming weeks’
  + stars: | 2023-01-02 | by ( Donie O'Sullivan | ) edition.cnn.com   time to read: +4 min
CNN —Facebook’s parent company Meta is considering whether to allow former President Donald Trump back on to its platforms and is due to announce its decision in the coming weeks, a company spokesperson told CNN on Monday. Trump was banned from Meta’s platforms Facebook and Instagram after the attack on the US Capitol in January 2021. Nick Clegg, Meta’s president of global affairs, said he is overseeing the decision. In a blog post in June 2021, Clegg explained how the company would consider allowing Trump back on its platforms. “Based on Meta’s own statement on standards for allowing Trump back on the platform, his account should continue to be restricted.”
☆ The Craziest Moments From the Longest Tech Boom (So Far)
  + stars: | 2022-12-31 | by ( Christopher Mims | ) www.wsj.com   time to read: 1 min
It’s been a singular year for tech, one that marked the apparent end to a heady, madcap boom that changed how we think about the industry. Over the past dozen or so years, a tidal wave of money poured into a collection of technologies—from cloud computing and artificial intelligence to smartphones and two-sided marketplaces—that transformed whole industries and changed many aspects of how we live and work. Major businesses were born or grew into global giants, proving the durability of Silicon Valley’s underlying inspiration: that ideas that seem crazy or unworkable at first may yet prevail.
☆ The year that brought high-flying Silicon Valley back down to earth
  + stars: | 2022-12-30 | by ( Catherine Thorbecke | ) edition.cnn.com   time to read: +9 min
The tech industry, already dominant, only seemed destined to grow even bigger at the start of this year. The spread of the Omicron variant suggested a continued pandemic-fueled demand for digital goods and services, which had buoyed many tech companies. The result was a bloodbath unlike anything the tech industry has seen in the past decade. For years, Silicon Valley has held up its founders as visionaries who can see far into the future. “I do not think venture is cratering, or the tech industry is cratering as an industry.”But for now, at least, there appears to be no end in sight to the pain for Silicon Valley and those who work in it.
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