Silicon Valley News

Investigators Say Car was Buried in Insurance Fraud Scheme

ATHERTON, Calif. (AP) — A car was buried in the backyard of a Northern California mansion 30 years ago as part of a scheme to commit insurance fraud, authorities said Thursday. The convertible Mercedes was discovered last month by landscapers …

What Will Silicon Valley Learn From Holmes’ Conviction?

SAN JOSE, Calif. (AP)–The fraud conviction of former Theranos CEO Elizabeth Holmes could offer Silicon Valley’s culture of hubris and hype some valuable lessons. Will anyone in the tech industry actually take this moment to heart? Don’t count on it. …

Watts Acquires Silicon Valley Provider of Wireless Water Security Solutions

North Andover, MA, March 11, 2021- The Detection Group, Inc., a provider of wireless water security solutions and the leader in wireless water leak detection for commercial buildings, has joined the Watts family of brands. Incorporating cutting-edge technology, its Trident™ …

Hippo to Go Public in $5B Merger With Mark Pincus, Reid Hoffman-Backed SPAC

Hippo Enterprises will go public through a $5 billion merger with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, in a sign of rising interest in the fast-growing “insurtech” sector. The deal, announced on Thursday, …

As Wildfires Approach Silicon Valley, Tech Firms Struggle to Find the Backing to Fight Them

Silicon Valley’s innovation engine has been slow to produce useful new tools to help firefighters like Dave Winnacker extinguish the deadly blazes that each year fill California’s skies with smoke. Winnacker, a fire district chief who led a team against …

Subaru Taps Xilinx For Key Chip in Driver-Assistance System

SAN FRANCISCO — Xilinx Inc and Subaru Corp on Wednesday said the Japanese automaker will use one of the Silicon Valley company’s chips to power a new driver-assistance system that will let drivers go hands-free during traffic jams, among other …

Earthquake Risk Prompts Order to Drain California Dam

SAN JOSE, Calif. — Worried that an earthquake could collapse a big dam south of San Francisco, officials have ordered its reservoir to be completely drained by October to reduce the risk of floodwaters spilling into Silicon Valley. The 240-foot …

Yabba Dabba Don’t: California Town Rejects Flintstones House

About the photo: This photo taken Monday shows an aerial view of the Flintstone House in Hillsborough, Calif. The San Francisco Bay Area suburb is suing the owner of the house, saying that she installed dangerous steps, dinosaurs and other …

Tesla Sues, Claiming Engineer Stole Autopilot Source Code

Tesla Inc filed a lawsuit on Thursday against a former engineer at the company, claiming he copied the source code for its Autopilot technology before joining a Chinese self-driving car startup in January. The engineer, Guangzhi Cao, copied more than …