San Francisco Financial News

Robotaxis are hitting the streets of Los Angeles

Reddit, that vast, lively and sometimes chaotic repository of internet discussion, said Monday that its pending initial public offering may be worth almost three quarters of a billion dollars

Quiver Quantitative — The failure of Silicon Valley Bank (SVB) last year came with a hefty price tag, not just for the bank itself, but also for the US banking system at large. A crucial yet overlooked aspect of SVB's collapse was the $285 million in fees charged for prematurely ending emergency financing from the Federal Home Loan Bank (FHLB) system. This fee, necessary to retire billions in financing obtained by SVB in a desperate bid to survive a run on deposits, is the largest of its kind for any bank failure since before the 2008 financial crisis. This situation highlights the significant role of FHLBs in providing emergency lending, even to banks that eventually fail, and brings into focus the ongoing debate in Washington about reforming this Depression-era system initially designed to finance mortgage lending.

Social media company Reddit is looking to raise almost $750 million in an initial public offering of its common stock

Airbnb says it’s banning the use of indoor security cameras in listings on its site around the world by the end of next month

authors have filed a lawsuit against graphics processing unit (GPU) giant Nvidia for illegally training its artificial intelligence (AI) platform NeMo on their copyrighted works. This is another development in the growing tensions globally involving intellectual property right holders and companies that make AI models, resulting in similar lawsuits that saw entities such as Microsoft and OpenAI cross swords. Here's an explainer of what the Nvidia lawsuit says and what these concerns are.

AI platform. Brian Keene, Abdi Nazemian and Stewart O'Nan said their works were part of a dataset of about 196,640 books that helped train NeMo to simulate ordinary written language before being taken down in October "due to reported copyright infringement." Also Read | Why Nvidia share price is plummeting after 80% rally in YTD — explained In a proposed class action filed on Friday night in San Francisco federal court, the authors said the takedown reflects Nvidia's having "admitted" it trained NeMo on the dataset and thereby infringed their copyrights.

By Jonathan Stempel

OpenAI is reinstating CEO Sam Altman to its board of directors and said it has “full confidence” in his leadership after the conclusion of an outside investigation into the company’s turmoil

The top executives at three of Canada’s biggest banks took home less than their target pay last year, according to new filings.

Opportunity in the U.S. has a new address. Four years ago, the West led other regions in terms of jobs growth, and salaries in major cities commanded a hefty premium over their smaller counterparts.

A United Airlines jetliner that lost a tire on takeoff has made a safe emergency landing in Los Angeles

The Justice Department is stepping up its focus on artificial intelligence

MAX, the streaming service owned by Warner Bros

artificial intelligence (AI) technology from the tech giant while secretly collaborating with two Chinese companies, as per an AP report on March 6. Ding, 38, a Chinese national, was apprehended in Newark, California, and faces four counts of federal trade secret theft. Each count carries a potential sentence of up to 10 years in prison.

The Justice Department says a former software engineer at Google has been charged with stealing artificial intelligence technology from the company while secretly working with two companies based in China

After a year of basking in global fame, the San Francisco company OpenAI is now confronting a multitude of challenges that could threaten its position at the vanguard of artificial intelligence research

OpenAI has attacked a lawsuit from Elon Musk, saying he supported making the ChatGPT maker a for-profit company

In case you needed yet another incentive to cram all your travel items into a carry-on, Delta Airlines has just boosted the cost of your first checked bag by 17%

By Stephen Nellis and Max A. Cherney

(Reuters) -Alphabet's Waymo said on Tuesday it will begin driverless passenger services for its employees in Austin, Texas starting Wednesday.