This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. Most U.S. cities want a piece of the Silicon Valley action, and some have been getting more of it in recent years as California … Read more
A Tesla Model X burns after crashing on U.S. Highway 101 in Mountain View, California, U.S. on March 23, 2018. S. Engleman | Via Reuters Tesla has settled a wrongful death lawsuit brought by the family of Walter Huang, an Apple engineer and father of two who died after his Model X SUV, with Autopilot … Read more
This story is part of CNBC’s quarterly Cities of Success series, which explores cities that have transformed into business hubs with an entrepreneurial spirit that has attracted capital, companies and employees. The Denver-Boulder region is rapidly emerging as a major hub for the life sciences industry, attracting companies that develop cutting-edge medical treatments and technologies. … Read more
The trading floor of the New York Stock Exchange (NYSE) prepares for Reddit’s initial public offering (IPO) on March 21, 2024 in New York City. The social media platform Reddit priced its IPO in the range of $31 to $34 per share on Wednesday. Spencer Platt | Getty Images Even with hot artificial intelligence startups … Read more
BurnBot RX burns unwanted vegetation without emitting plumes of smoke. Lora Kolodny for CNBC Last year’s record heat wave worsened drought and dry conditions across the globe, a particularly calamitous situation for California, which has seen 13 of the state’s 20 most destructive wildfires in history break out since 2017. In South San Francisco, a … Read more
Mathisworks | Digitalvision Vectors | Getty Images Legal technology firm Luminance has raised $40 million in fresh funding from investors to grow its U.S. footprint, capitalizing on the wave of investor interest surrounding artificial intelligence. The company told CNBC that it raised the fresh capital in a Series B funding round led by U.S. venture … Read more
Elon Musk hands over a Model Y car to a customer during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Patrick Pleul | Pool | Via Reuters Tesla CEO Elon Musk is now requiring employees to install and show customers how to use the latest version … Read more
Adam Neumann of WeWork and Victor Fung Kwok-king, right, chairman of Fung Group, attend a signing ceremony at WeWork’s Weihai Road location on April 12, 2018 in Shanghai, China. Jackal Pan | Visual China Group | Getty Images Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of … Read more
Tesla CEO Elon Musk Omar Marques | Getty Images A federal judge in California dismissed a lawsuit filed by Elon Musk’s X against the nonprofit Center for Countering Digital Hate, writing in a judgement Monday that the “case is about punishing the Defendants for their speech.” X sued the research group in July, accusing it … Read more
Death Valley National Park on July 15, 2023, near Furnace Creek, California. David Mcnew | Getty Images Venture capital firm World Fund said Friday it’s closed a 300 million euro ($325 million) fund to back startups tackling climate change. World Fund, a European climate technology investor incubated by the environment-conscious search engine Ecosia, said … Read more
