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News
PG&E faces backlash over rate hike request for $26.6M shareholder reward
1+ mon, 2+ week ago (440+ words) PG&E is raising eyebrows after asking for a rate increase on natural gas to fund a $26.6 million shareholder "reward" payment. The utility claims it saved ratepayers money by keeping costs down and that shareholders should be rewarded. But as…...
Google's Q2 earnings of $112.11B beat Wall Street's expectations on AI boom
1+ mon, 3+ week ago (298+ words) Google parent company Alphabet Inc. posted stronger-than-expected results for its second quarter, a sign that its massive artificial intelligence spending spree is paying off so far and advertising revenue is coming in strong. The Mountain View, California-based company said Wednesday…...
Can Intel's new CEO turn Silicon Valley charm into chip success?
4+ mon, 4+ day ago (916+ words) After Lip-Bu Tan became chief executive officer of Intel Corp. in March of last year, the struggling company’s shares went nowhere for seven months while the chipmaker was getting trounced in the market for artificial intelligence. But after forging ties…...
Meta beats revenue expectations, boosts capital spending forecast for 2026
4+ mon, 1+ week ago (189+ words) Instagram and Facebook parent Meta Platforms Inc. posted results Wednesday for the first quarter that exceeded expectations, showing growth in earnings, but the social media giant also increased its forecasted capital expenditures for the year. “We had a milestone quarter…...
Super Micro Expands Silicon Valley Campus
4+ mon, 2+ week ago (172+ words) Super Micro Computer (SMCI, Financials) announced a major expansion in Silicon Valley with a new business complex near its San Jose headquarters, as demand for artificial intelligence infrastructure continues to grow. Warning! GuruFocus has detected 6 Warning Signs with SMCI. Is…...
Applied Materials Announces Advantest as Innovation Partner for EPIC Platform in Silicon Valley
4+ mon, 3+ week ago (746+ words) Companies will co-innovate to bridge the gap between front-end manufacturing and back-end testing of semiconductors and advanced packaging Advantest to co-locate new, state-of-the-art Innovation Center with Applied’s EPIC Center in Silicon Valley SANTA CLARA, Calif., April 21, 2026 (GLOBE NEWSWIRE) -- Applied Materials,…...
California says Amazon pressured retailers to boost prices on their websites to not undercut it
4+ mon, 3+ week ago (433+ words) Amazon used its market leverage to get companies such as Walmart to increase prices on their websites so the e-commerce giant would not be undercut by its competitors, according to a filing unsealed Monday in an ongoing lawsuit by California’s…...
Humans vs. machines: AI job panic sweeps Silicon Valley
5+ mon, 1+ day ago (681+ words) Artificial intelligence industry insiders want workers to code smarter, think harder and utilize their humanity, but still try to dodge the big question of how many jobs AI could actually destroy. The reassurance rang out across HumanX, a four-day conference…...
Amazon says investing in two of the biggest Silicon Valley 'enemies', OpenAI and Anthropic, is ‘business as usual’
5+ mon, 4+ day ago (452+ words) Tech News News: Amazon Web Services (AWS) has defended its strategy of backing competing artificial intelligence firms, with CEO Matt Garman saying the cloud giant is....
OpenAI Foundation pledges $1B in grants to ensure AI 'benefits all of humanity"
5+ mon, 2+ week ago (718+ words) OpenAI Foundation, the nonprofit that controls the artificial intelligence company OpenAI and its flagship product ChatGPT, pledged Tuesday to grant out $1 billion over the next year and to build up its capacity as a philanthropic funder. The pledge represents a…...