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Crypto cloud challenging rival of Amazon and Google raises $102M
Dfinity, a blockchain project that aims to upend Amazon.com, Google and Microsoft Corp. in the cloud, has raised $102 million in its second big funding of the year. Andreessen Horowitz, Polychain Capital and other investors are backing the Swiss nonprofit that operates out of Palo Alto. It has only released a test version of its product but has now raised $190 million in private funding and is valued at close to $2 billion. The idea behind Dfinity, led by Dominic Williams, is to create a blockchain-powered,…
HP Enterprise is poaching its next CFO from Sprint
Palo Alto-based Hewlett-Packard Enterprise Co. is hiring a new chief financial officer who will join the company after a two and a half-year stint as the CFO of Sprint Corp. Tarek Robbiati will officially start in mid-September. He’s replacing outgoing CFO Tim Stonesifer, who helped guide the 2015 split of Hewlett-Packard into two standalone companies — the consumer-focused HP Inc. and enterprise-focused HPE. Stonesifer also helped HPE close 11 acquisitions, the company said in a statement.…
JPMorgan Chase poaches top Google executive to lead AI and machine learning efforts
Another shot was fired in the Bay Area battle for talent specializing in artificial intelligence. JPMorgan Chase has snagged a top Google executive to head the investment bank’s AI and machine learning efforts. Apoorv Saxena, Google’s (NASDAQ: GOOG) head of product management for cloud-based AI, will begin leading J.P. Morgan’s (NYSE: JPM) AI and machine learning services on Aug. 31. Saxena will also be in charge of artificial intelligence technology related to asset and wealth management. He…
Emails detail Denso’s Seattle office plans and hint at another project
Denso wanted its Seattle office to be near Amazon, according to emails that detail the auto supplier’s budget, staffing plans and timeline.
Meet the Oregon native whose mission is to drive Intel’s revenue
Michelle Johnston Holthaus leads the global sales organization for chipmaker Intel Corp.
Metro urges approval of plans that would expand Urban Growth Boundary by 2,200 acres
Suggestion to approve four cities’ expansion plans come with conditions, including a call to include acceptance of tiny homes
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