San Francisco Financial News

20.02 / 03:01

markets UPS Progressive Trade President Gold inches lower in thin holiday trade as investors seek more Fed cues

Gold prices edged down in early Asian hours on Tuesday, pressured by a slightly stronger dollar and elevated treasury yields, while traders also awaited for further cues from the minutes of the U.S. Federal Reserve's last meeting.

19.02 / 13:39

UPS Election show reports Videos diving Sora is ChatGPT maker OpenAI's new text-to-video generator. Here's what we know about the new tool

The maker of ChatGPT is now diving into AI-generated video

17.02 / 10:33

UPS CEO Platform Election show Videos Sora is OpenAI's new text-to-video generator: Here's what we know about the tool

Sora — OpenAI's new text-to-video generator. The tool, which the San Francisco company unveiled Thursday, uses generative artificial intelligence to instantly create short videos based on written commands. Sora isn't the first to demonstrate this kind of technology. But industry analysts point to the high quality of the tool's videos displayed so far, and note that its introduction marks a significant leap for both OpenAI and the future of text-to-video generation overall. Still, as with all things in the rapidly growing AI space today, such technology also raises fears about potential ethical and societal implications. Here's what you need to know.

17.02 / 04:05

Provident Google CEO ByteDance SpaceX SOLIDARITY Schools OpenAI completes deal that values company at $80 billion

OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly triple its valuation in less than 10 months, according to three people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.

17.02 / 04:05

IPO Platform Reddit social reports Schools Reddit signs content licensing deal with AI company ahead of IPO: report

Reddit has signed a contract allowing an Artificial Intelligence (AI) company to train its models on the social media platform's content, Bloomberg News reported, citing people familiar with the matter. Reddit, which is eyeing an initial public offering (IPO) launch, has told prospective investors that it signed the deal, worth $60 million on an annualised basis, earlier this year, the report said.

17.02 / 02:25

IPO Platform Reddit social reports Traffic Reddit signs content licensing deal with AI company ahead of IPO

Artificial Intelligence (AI) company to train its models on the social media platform's content, Bloomberg News reported, citing people familiar with the matter. Reddit, which is eyeing an initial public offering (IPO) launch, has told prospective investors that it signed the deal, worth $60 million on an annualized basis, earlier this year, the report said.

16.02 / 14:32

Google CEO Experts country social information Videos OpenAI reveals Sora, a tool to make instant videos from written prompts

The maker of ChatGPT on Thursday unveiled its next leap into generative artificial intelligence with a tool that instantly makes short videos in response to written commands

16.02 / 14:31

Trade DoorDash orders and revenue beat Wall Street expectations despite disappointing net losses

DoorDash's revenues and orders exceeded expectations for the fourth quarter, although its net losses failed to shrink as quickly as Wall Street had hoped

16.02 / 14:31

markets UPS Citi innovations Sporting bowling Fashionable fan apparel is in the spotlight. There's still an untapped market for the NFL

Taylor Swift in January donned a red puffer jacket with boyfriend and Kansas City Chiefs’ tight end Travis Kelce’s number for a playoff game

16.02 / 14:31

UPS Provident Extreme wellness Trade Scandals US eases restrictions on Wells Fargo after years of strict oversight following scandal

The Biden administration is easing its restrictions on banking giant Wells Fargo, saying the bank has sufficiently fixed its toxic culture after years of scandals

16.02 / 13:21

markets COST Provident Fox CEO Analysis Americans staying put: Percentage that moved in 2023 hit a record low

National Association of Home Builders CEO Jim Tobin provides professional analysis of the U.S. housing market following a tumble in demand as rates tick higher.

16.02 / 13:03

UPS DOW Trade President reports S&P, Nasdaq futures higher ahead of Fed speakers, consumer sentiment survey

Investing.com -- U.S. stock futures hovered around both sides of the flatline on Friday.

16.02 / 11:55

markets DOW coinbase Trade Bitcoin track reports Futures mixed, Coinbase's earnings beat - what's moving markets

Investing.com -- U.S. stock futures pointed to a mixed opening on Wall Street after equities advanced in the prior session. Coinbase (NASDAQ:COIN) reports better-than-anticipated earnings in the fourth quarter thanks to a jump in activity on the crypto exchange following the approval of exchange-traded funds tracking the spot price of Bitcoin. Meanwhile, Jeff Bezos sells a further $2 billion in Amazon (NASDAQ:AMZN) shares and Nike (NYSE:NKE) reportedly plans to lay off 2% of its workforce.

16.02 / 06:11

markets UPS Target Trade President show performer Rate Cut Asia FX muted amid rate cut uncertainty; dollar set for fifth week of gains

Investing.com-- Most Asian currencies moved little on Friday and were set for a muted weekly performance as markets remained largely convinced that the Federal Reserve will not cut interest rates early this year.

16.02 / 06:11

markets economy Yellow wellness Trade President show Gold Prices Gold prices retake $2,000 after weak retail sales, weekly losses still on tap

Investing.com-- Gold prices moved little in Asian trade on Friday after retaking a key level as weak U.S. retail sales data spurred some doubts over when the Federal Reserve will begin cutting interest rates.

15.02 / 21:59

markets COST CEO Platform Food Trade DoorDash sees downbeat Q1 core profit as costs weigh

By Granth Vanaik

15.02 / 01:37

UPS Platform security wellness inclusion International New home for Shriram Housing Finance: Private equity funds close in on deal

Bain Capital, Advent International and CVC Capital are among the private equity funds that are competing to buy Shriram Housing Finance Ltd (SHFL), an arm of Chennai-based non-banking finance company (NBFC) Shriram Finance, said people with knowledge of the matter. These three, along with Warburg Pincus, have been shortlisted after non-binding bids were submitted by potential buyers in mid-December. They are currently engaged in conducting due diligence. Binding bids are due in a fortnight. Parent Shriram Finance, which is mainly involved in commercial vehicle financing, owns 84.82% of SHFL, which focuses on affordable homes. San Francisco-based PE Valiant Capital Management owns most of the remaining stake.

14.02 / 23:53

Provident Waves Google economy Splunk trends Cisco Systems to lay off more than 4,000 workers

Internet networking pioneer Cisco Systems is jettisoning more than 4,000 employees

14.02 / 23:53

markets UPS Citi Sporting bowling Betting on the Super Bowl was brisk at sportsbooks in big U.S. markets

With this year’s Super Bowl being played in Las Vegas, the nation’s gambling capitol, there was little doubt that betting on the big game would be huge

14.02 / 21:27

Google Platform Action love Features Courts Relationships Tinder, other Match dating apps encourage compulsive use, lawsuit claims

By Jonathan Stempel

14.02 / 19:41

Target FIVE Booking pandemic Trade information reports Lyft shares rocket 62% over a typo in the company's earnings release

Lyft shares jumped 62% after the bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that sent investors’ auto-trading algorithms — also known as “bots” — into a buying frenzy

latest developments in San Francisco

What is the current situation in San Francisco?

In San Francisco, the spotlight is on local government initiatives that spark public discussion.

Where can I find reliable news about San Francisco?

We publish reliable reports about the situation in San Francisco, based on information from official representatives.

What shapes the media agenda in San Francisco?

The news landscape of San Francisco is shaped by key decisions by local authorities, reflecting its local way of life.