It was fun while it lasted, but after years of sky-high valuations, Silicon Valley is engulfed in its worst sell-off since the 2008 stock market crash.
After a pandemic-fueled boom sent tech names soaring, many of those businesses have seen the worst six months of their lives as publicly traded companies. Peloton, the exercise startup, is emblematic of this ominous reality: Its shares have cratered from a high of $163 at the end of 2020 to about $17. On Thursday, The Wall Street Journal reported company executives were looking to sell a minority stake to an outside investor.
In 2005, Mr. Jobs gave a commencement address at Stanford, cited Mr. Brand as a major influence in his life and explained what “Whole Earth” was to a younger generation: “It was sort of like Google in paperback form, 35 years before Google came along,” he said. “It was idealistic, and overflowing with neat tools and great notions.”
Mr. Brand coined the term “personal computer” in 1974, several years after writing an article for Rolling Stone that drew a picture of the future of the digital world. Computers, he predicted, would be the next important trend after psychedelic drugs: “That’s
In the fall of 2019, Google told the world it had reached “quantum supremacy.”
It was a significant scientific milestone that some compared to the first flight at Kitty Hawk. Harnessing the mysterious powers of quantum mechanics, Google had built a computer that needed only three minutes and 20 seconds to perform a calculation that normal computers couldn’t complete in 10,000 years.
But more than two years after Google’s announcement, the world is still waiting for a quantum computer that actually does something useful. And it will most likely wait much longer. The world is also waiting for self-driving cars,
Simi Valley is the first city in Ventura County to have a fiber optic network started to provide faster internet speed for all its 47,600 homes and businesses,the city says.
SiFi Networks, based in Morristown, New Jersey, started construction of the 10-gigabit fiber optic underground network in December, City Manager Brian Gabler said Monday. The first customers are expected to be able to access it mid-year.
“We’re excited to enhance the quality and availability of internet access for all Simi Valley residents and businesses,” Mayor Keith Mashburn said in a statement. “Internet speeds and availability are a top priority
College of the Desert is investing nearly $1.5 million in broadband internet towers and wireless modems for students in the eastern Coachella Valley.
The Board of Trustees voted 5-0 Friday to approve two contracts that will provide internet capability for students as far as North Shore and Salton City and to distribute 1,000 devices for students to access high-speed internet.
The contracts are with Pacific Lightwave, Inc., an internet provider based in Palm Desert that has a private broadband network that extends westward to Morongo Valley and northward to Yucca Valley and Joshua Tree, according to the college.