Silicon Valley

Microsoft lays off 2,100, axes Silicon Valley research

Microsoft Corp (MSFT.O) will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.

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Oracle's Ellison steps aside, co-CEOs Catz and Hurd take over

Larry Ellison, co-founder and leader of Oracle Corp (ORCL.N) for almost four decades, stepped aside as chief executive on Thursday, to be replaced by co-CEOs Safra Catz and Mark Hurd, but stressed that nothing at the business software company will change.

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Silicon Valley builds up in Microsoft's backyard

In the last week of August, Twitter entertained dozens of potential young recruits at a chic studio, while Facebook served drinks and snacks to job-seekers at its own office. More than 175 showed up to a similar event at Google in June.

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U.S. startups get OK for smartphone-based heart tracking

For a growing U.S. aging population, tracking heart health via a smartphone can mean the difference between life and death. This week, two Silicon Valley startups received a green-light from the U.S. Food and Drug Administration for mobile applications

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Obama tech policy maven moves to Silicon Valley role

Todd Park, President Barack Obama's chief technology officer who played a role in fixing the flawed Healthcare.gov website, is moving to a new job recruiting top Silicon Valley talent to government, a source familiar with the situation said on Friday.

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EU drive to create its own Silicon Valley finds doubters

Europe needs to sort out its fragmented telecoms market and regulatory imbalances if it is to spur a new generation of technology start-ups and create its own version of America's Silicon Valley.

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For aspiring Internet moguls with burning questions, a TV call-in show

Internet entrepreneurs made their television debut in April with the fictionalized comedy series Silicon Valley. Now start-up entrepreneurs are getting a self-help TV show in which aspiring tech moguls can call in anonymously and get advice from experienced industry players.

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Do-it-yourselfers inspire hardware renaissance in Silicon Valley

In the shadow of Internet monoliths such as Facebook, Google and Twitter, it's easy to forget that Silicon Valley got its start from hard-scrabble tinkerers building radios, microchips and other devices.

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Tesla hiring workers for second California facility

Tesla Motors quietly secured permits to modify a former Chrysler facility in California and is hiring 32 workers for the said facility, according to a Bloomberg report published last week.

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New York legal staffing startup Hire an Esquire closes $350K in seed funding

New York City, US-based online legal staffing startup Hire an Esquire closed $350,000 in its seed funding round from investors 37 Angels, 645 Ventures, and Ulu Ventures to expand its client base.

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Former NSA agent hacking company infused with $7.5 mln in series A round

California-based Synack, a crowdsourced platform for hacking into customers' security holes, raises $7.5 million for a series A funding round.

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K-Cube emerges as a key player in South Korea's startup industry

Seoul, South Korea-based early stage venture capital firm K-Cube Ventures has emerged as one of the key players in the country's startup industry with its quick and risky investment deals that focus on startups that offer unique solutions to existing problems.

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Preact receives Series A funding round valued USD4.6 million

Preact announced releasing a new software platform that makes uses of "leading-edge behavioral science, machine learning, and big data analytics" along with receiving a Series A funding round valued USD4.6 million led by Trinity Ventures.

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Jordanian startup Mixed Dimensions raised USD1 million to go mainstream

Jordanian startup Mixed Dimensions has raised USD1 million to go mainstream with 3D tools, reported TechCrunch.

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Madison fishing site Fishidy wins local startup contest to move on to Silicon Valley conference

Madison, US-based fishing social network Fishidy won in Madishon's Pressure Chamber contest for local startups, which was hosted by the Madison Chamber of Commerce, and got a chance to attend a conference in Silicon Valley in June.

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