Technology
California falls behind Texas in Fortune 500 ranking
Texas has dethroned California as the state with the most Fortune 500 companies. The Fortune 500 list ranks the largest U.S. companies by revenue. This year, 57 of the...
Why does California have strong economic growth but high unemployment?
California, the epicenter of the artificial intelligence boom, continues to grow its economy faster than the nation, but more people are losing their jobs and the cost of living...
Value of Huntington Beach defense tech startup balloons to $1.8 billion
California defense tech startup Mach Industries said Tuesday it raised $300 million, nearly quadrupling the company’s valuation to $1.8 billion within a year. The Huntington Beach startup’s soaring valuation...
Martin Scorsese is betting on AI to transform the storyboarding process
Oscar-winning director Martin Scorsese is joining the ranks of entertainment industry power players embracing generative AI.Black Forest Labs, the German AI startup behind the text-to-image model Flux, announced Tuesday...
Aspiration co-founder sentenced to 14 years for fraud
The co-founder of Aspiration, Joseph Sanberg, was sentenced to 14 years in prison on Monday after defrauding investors and lenders of over $248 million.The startup, an eco-friendly digital banking...
Ex-girlfriend of former Google CEO Eric Schmidt ordered to pay him $10 million after rape accusations
An arbitrator has sided with former Google Chief Executive Eric Schmidt, saying in a preliminary ruling that he was not guilty of sexual assault against his former girlfriend and...
Trump signs an executive order to vet top AI models for national security risks
WASHINGTON — President Trump signed an executive order Tuesday directing the federal government to establish a voluntary early review process for the country’s most advanced artificial intelligence models, following a months-long...
‘People are getting hurt’: OpenAI sued by Florida over alleged safety risks
Florida sued OpenAI and its chief executive, Sam Altman, on Monday, alleging that the San Francisco tech company failed to inform people about the dangers posed by its popular...
