Page 4 - Silicon Valley

Goldman Sachs' biggest office beyond New York attests to India's rise

India has roughly 1,600 of the centers, more than 40% of the number worldwide, according to Nasscom

Sequoia's split sends warning to every company doing US-China business

Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China

1 dead, 4 injured in shooting incident in California's Sunnyvale city

At least one person was killed and four others were injured following a shooting incident in California's Sunnyvale city, police said.

India has incredible engineering power: CEO of Silicon Valley incubator

Describing India as an "incredible engineering power", the head of a top Silicon Valley-based incubator has said some of the best companies in the world like Google and Microsoft will be born in the country if it can embrace this potential. Saeed Amidi, CEO and founder of Plug and Play -- a global innovation platform aiming to connect early-stage investors, startups and the world's largest corporations -- also praised Indians as highly talented and smart people. He said the founders of 50 per cent of the startups are from India. I can tell you more than 50 per cent of these startups that are either physically in this building, in Plug and Play or that we invest in are from India by stats (statistics), he said. Responding to a question, Saeed said that from the research that he has done, India is an incredible engineering power. If I'm not wrong, there are close to four million new graduates per year in software engineering. And I think that is the power that you have in India. If w

Vedanta-Foxconn chip venture application for India funding to be rejected

Nine months after Agarwal announced the chip partnership to build India's "own Silicon Valley," the project is yet to find a technology partner or license manufacturing-grade technology

Fed, social media contributed to bank's collapse, says SVB's former CEO

Becker said comparisons by the media between SVB and Silvergate Capital Corp., which announced plans to wind down just days before his bank's seizure, contributed to SVB's failure

Scammers on music apps Spotify, Apple Music siphon billions from artists

Currently, much of the music industry is preoccupied with the newest threat - or maybe opportunity - to emerge from Silicon Valley

Silicon Valley outreach: India best destination, says Vaishnaw to chip cos

Over three days, he will showcase India as a manufacturing hub

A Silicon Valley flameout

Wonder Boy, written by the journalists Angel Au-Yeung and David Jeans, tells it from start to finish. It is a gripping, uncomfortable read

US lawmakers write to USCIS on immigrants impacted by tech layoffs

Expressing concern over large-scale layoffs in the tech industry, a group of lawmakers from the Silicon Valley have written to the US Citizenship and Immigration Services to ensure high-skilled immigrants can remain in the country even after losing their jobs. This group of immigrants possesses skills that are highly valuable in today's knowledge-based economy and "forcing them to leave the US is harmful to our nation's long-term economic competitiveness", they said in their letter to USCIS Director Ur Jaddou. The letter has been sent by Congressmen Zoe Lofgren, Ro Khanna, Jimmy Panetta and Kevin Mullin. Lofgren has been a former Chair of the House Subcommittee on Immigration and Citizenship. "This issue is of great importance to our constituents because layoffs in the tech sector have accelerated in recent months. The number of tech jobs lost since the beginning of 2023 has already surpassed the total number of layoffs in 2022," the letter said It also requests that the USCIS rele

Bengaluru can't manage tech for MNCs, SVB crisis if it's stuck in traffic

Bengaluru has been dealt a terrible hand by politicians

Banking crisis has increased odds of recession, says JPMorgan's Jamie Dimon

The government shouldn't overreact to the banking crisis by imposing more rules on the industry, Dimon said

It's big vs small as banks square off to avoid new rules after failures

Before the collapse of Silvergate Capital Corp and other regional institutions, bigger banks were steeling themselves for more regulations since Michael Barr took over as the Fed's No. 2 official

Downturn still nascent, it is time for caution, not expansion: Zoho founder

In an exclusive interaction with Business Standard, Sridhar Vembu say the trend of large-scale layoffs in Silicon Valley has now hit Indian shores

Rs 50k per month for 2bhk: Bangalore is now India's hottest rental market

Anarock's data shows rents in various Bangalore neighborhoods have jumped by double digits since 2019, echoing a wider surge across India's major cities

Stronger buffers for Indian bank deposits as world faces financial crisis

Customer confidence may improve if recovery time, insurance coverage is better

An amazing and scary month

March was a month for the history books, marked by the collapse of a systemically important financial institution and a bond market wipeout. Caution may be the need of the hour

SVB lessons

Inflation management versus public debt management - the RBI's two roles are at odds with each other

First Citizens buys Silicon Valley Bank following a run on the lender

The lender said it will assume $56 billion in deposits and 17 legacy branches will begin operating Silicon Valley Bank, a division of First Citizens

Govt's steps ensured Indian startups were not impacted by SVB: Vaishnaw

Immediate action by the government to help Indian startups in the aftermath of Silicon Valley Bank (SVB) collapse ensured they were not adversely impacted by the "minor crisis", Union Minister Ashwini Vaishnaw said on Monday. He also exhorted the entire startup community to think of the Indian banking sector as their trusted partner. Vaishnaw, Minister for IT and Communications, also noted the rapid strides taken by India in areas of Artificial Intelligence (AI) and quantum computing. Speaking at India Global Forum event, the Minister said while there was a time when India was only seen as a consumer of technology, today "many global developers like to have Indian start ups, entrepreneurs and academicians as their partners, as technology gets developed". "... In these two technologies, we would like use of Indian talent for developing solutions for India and for the world," he said. To a question on whether India can produce something equivant to ChatGPT, the Minister said "wait f