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News
Frazier Life Sciences Raises $1.1B for Public Fund
20+ hour, 35+ min ago (202+ words) Frazier Life Sciences has closed more than $1.1 billion in new capital commitments to its Public Fund, pushing the long-only investment vehicle's total committed capital to roughly $2.8 billion. The Palo Alto-based firm announced the raise Thursday, marking one of the largest…...
Rigetti Computing Berkeley Gets $100M Federal Quantum Grant
2+ day, 17+ hour ago (406+ words) Berkeley-based Rigetti secures a $100 million CHIPS Act award, giving the U.S. government equity as it races to scale superconducting quantum chips....
Santa Clara County Data Center Growth Ranks Second in US
3+ day, 17+ hour ago (155+ words) Santa Clara County now has 75 data centers, enough to rank second among all U.S. counties, and its 23% growth rate from 2025 to 2026 was the fastest among the five U.S. counties with the most data centers. The surge comes as the county's median home…...
Chime Acquires Stride Bank for $590 Million
3+ day, 19+ hour ago (153+ words) Chime, the San Francisco-based financial technology company known for its no-fee mobile banking app, announced it will acquire nationally chartered Stride Bank in an all-cash deal worth $590 million. Shares of Chime jumped nearly 10% in extended trading following the announcement, adding…...
Google Dodges Ad Exchange Breakup as Judge Orders Rivals-Friendly Fixes Instead
1+ week, 3+ day ago (196+ words) Investors welcomed the outcome. Alphabet shares rose between 1% and 1.5% yesterday immediately after news broke that Brinkema had rejected the forced-sale bid, according to Seeking Alpha. The stock move reflected relief on Wall Street that Google's corporate structure remains intact even…...
S.F. AI Gold Rush: BofA Quietly Hands OpenAI A $520 Million Lifeline
2+ mon, 4+ day ago (197+ words) According to Reuters, a person familiar with the matter said BofA provided the $520 million line, instantly making it one of OpenAI’s largest lenders as the AI heavyweight lines up financing ahead of a market debut. Bloomberg Law first reported that…...
Kaiser Clinches Bay Area Jobs Crown For 2026
2+ mon, 1+ week ago (370+ words) SVBJ's 2026 Book of Lists ranks 913 Greater Bay Area employers; Kaiser Permanente leads with about 62,840 local workers. A fresh set of rankings released today puts hard numbers behind who really signs the most paychecks across the Greater Bay Area Researchers tallied…...
Microsoft’s $2.5 Billion AI Hit Squad Zeroes In On Bay Area Giants
2+ mon, 1+ week ago (162+ words) Today, Microsoft pulled the wraps off a new subsidiary, Microsoft Frontier Company, a $2.5 billion bet aimed at helping big corporations choose and roll out artificial intelligence tools. Early marquee customers include Unilever and Novo Nordisk, signaling that Microsoft wants this…...
South San Jose Warehouse Poised To Become 49-Megawatt Data Beast
2+ mon, 1+ week ago (233+ words) A hulking South San Jose warehouse could be on its way to becoming one of the city's most power-hungry tech addresses, as Prologis moves to recast the site as a data and research hub. Public filings and commercial listings show…...
Meta's Quiet Cloud Gambit Puts Bay Area Data Hubs On Edge
2+ mon, 1+ week ago (172+ words) Meta CEO Mark Zuckerberg has already floated the idea in public. At the company’s May shareholder meeting he said leasing compute to outside customers was definitely on the table, as reported by TechRadar. He noted that outside firms regularly approach…...