Google to Buy Thompson Center, S.I. Container Builds’ New Facility, and More Chicago Tech News
Photo: S.I. Container Builds / Facebook

As the month of July came to a close, startups and tech giants were busy in Chicago closing funding rounds and announcing future plans. Read on to learn about Google’s plan to buy the Thompson Center and’s recent capital raises. This is the Built In Chicago Weekly Refresh. 

Google announced plans to buy the Thompson CenterGoogle said it has agreed to buy the Thompson Center, located in the Chicago Loop, for $105 million. The building will be used as office space for the company as it plans to hire hundreds of

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Google parent Alphabet posted weaker-than-expected second-quarter earnings Tuesday as the search giant experienced a choppy economy that has already weighed on advertising revenue at Snap and Twitter. 

In the quarter ended June 30, Alphabet reported revenue of $69.7 billion, missing the $70 billion forecast by analysts surveyed by Yahoo Finance. The company reported $1.21 in earnings per share, missing the $1.31 forecast.

The weak results come as advertising, the company’s revenue driver, faces headwinds from a slowing economy. Google’s advertising business didn’t seem to suffer as badly as smaller internet companies but still faces a difficult environment. The tech

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Sandy Anuras, the chief technology officer of Sunrun.

Photo courtesy Sandy Anuras, the chief technology officer of Sunrun

Tech workers are walking away from high-paying jobs with great perks to help fight what they believe is the greatest existential problem of our lifetimes: climate change.

In some cases, that has meant taking a pay cut. But Sandy Anuras, who recently joined home solar provider Sunrun as its chief technology officer, says a big paycheck sometimes comes with a price.

“The tech giants have had these huge compensation packages. And it’s hard to say no to a huge compensation package,” Anuras

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Michl Binderbauer, CEO of TAE Technologies

Photo courtesy TAE Technologies

Google and Chevron are part of a $250 million funding raise announced Tuesday for TAE Technologies, a nuclear fusion startup with an unconventional strategy that has now raised a total of $1.2 billion.

Nuclear fusion is often referred to as the holy grail of clean energy because of its promise of generating nearly unlimited emission-free energy without the equivalent harmful, long-lasting radioactive waste that nuclear fission produces.

Nuclear fission is the process by way conventional nuclear power plants generate energy in which a larger atom is split into two

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As of late – especially with Samsung – Google has been more prominently advertising the Android ecosystem and what it can do. The latest example is an Amazon store/brand page (in the US) called “Devices with Google.”

This differs from the Made by Google (Pixel, Nest, Chromecast, etc.) storefront in that it highlights just Android phones from different partners. A cover shows Google Duo with its foldable optimizations, YouTube, and Google Maps Live View.

Work, play, and connect right out of the box.

Get your favorite Google apps when you shop your favorite phones.

Curiously, the word “Android” is never

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This year Silicon Valley has certainly lost its groove. Many of the growth companies have suffered massive drops in their stock prices. The industry has also seen an uptick in layoffs.  

By bringing down the stock prices, splits like Google’s on Monday, may generate more interest from retail investors.

Photo Illustration by Barron’s Advisor; Dreamstime (2)

But maybe things have become too negative? During the past few weeks, tech has pulled off a decent rally. Even the beleaguered

ARK Innovation ETF

(ARKK) has posted a 13% gain since the start of July.

It’s impossible to tell if this will last.

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