According to Zhu Min, the desire of Americans to squeeze Huawei out of the market, as well as new legislative initiatives to control investments in the technology sector, will reduce to zero the presence of Chinese venture capital in the United States. READ MORE: Cal Governor Sees Silicon Valley as Possible Venue for Closer US, Russia Ties In recent years, the United States has become a point of attraction for Chinese investment. The fastest growing investments were in high-tech sectors like IT, robotics, biotechnology, electronics, aviation, and automotive engineering. According to the Rhodium Group, China's venture capital investments in the US technology sector grew from $376 million in 2013 to $3.1 billion in 2018. The largest Chinese technology companies created research laboratories in the United States. Thus, several years ago, Baidu opened a research centre … [Read more...] about Silicon Valley to Be Left Without Chinese Money?
Openstack silicon valley
Jessica Guynn USA TODAY Published 2:33 PM EST Jan 24, 2019 SAN FRANCISCO – In the early days of Zume Pizza, visitors to Julia Collins' robotic food prep company in Silicon Valley would sometimes greet her at the door and say: "Can you grab me a water? I'm here to meet with the founder." When pitching her business to investment partners at venture capital firms, Collins was nearly always the only woman and always the only black person in the room. Then, late last year, a hairline crack surfaced in the invisible yet seemingly impenetrable barrier that limits black women's access to the tech world. A $375 million investment gave Zume Pizza a valuation of $2.25 billion. It wasn't just the company she co-founded that reached unicorn status. Collins did, too, as the first black woman whose company is valued at $1 billion or more by investors. Now that's she's working on a new startup in regenerative agriculture, investors … [Read more...] about Black women entrepreneurs’ start-ups are changing Silicon Valley
Back in 1994, when Bill Gates was childless and worth only $6bn, he told me his children, when they arrived, would inherit none of his money. “I just don’t think,” he explained, “it’s all that helpful to inherit large wealth. I guess it’s a personal philosophy, you have to judge. Everybody spends a lot of time thinking what’s good for their kids, I’m sure. And in my case I have decided that having a substantial amount of wealth is more negative than positive.” But, I objected, people change their minds when confronted by real children. “I don’t think I will. But you’re right. I accept that that’s consistent with what others have told me. But I think there’s a little bit of philosophy in this that will not be changed. And I have some friends who feel the same way.” Now, in 2019, Gates is worth (says Forbes) $94bn, he has three children and seems to be sticking to his “little bit of … [Read more...] about ConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightConsumerBusinessSpotlightThe charity algorithm: how Silicon Valley philanthropy turned sour
MOUNTAIN VIEW, California — For an entrepreneur watching Brexit from California, it’s hard not to notice a familiar pattern. In Silicon Valley, startups famously follow the so-called Transition Curve, cycling from “uniformed optimism” to “informed pessimism,” followed by a “crisis of meaning,” and then, almost inevitably: “crash and burn.” After growing up in a small Scottish town, then getting my start with semiconductors in the Netherlands, I have lived in Silicon Valley for nearly 25 years. What I’m seeing in my homeland looks like nothing more than the emotional rollercoaster that most entrepreneurs experience while trying to realize their vision of a startup. The question, of course, for the United Kingdom is simple. Will Brexit end up like so many Silicon Valley dreams, in disappointment and failure? Or does it have a chance of reaching the elusive alternate ending: “informed optimism,” a pivot to … [Read more...] about Move fast and break things: How Brexit is like Silicon Valley
If there’s one thing to be said for the tech giants of Silicon Valley, they’re not afraid of a contradiction. Companies like Facebook and Google endlessly reassure us that they don’t ‘do politics’, while simultaneously spending millions of pounds on lobbying and international tax avoidance. They promise that their impartial algorithms will come to replace biased human decision making, despite these same algorithms showing increasing evidence of stereotyping, partisanship and, in some cases, racial prejudice. They’ve even tried to convince us that their products will help to fix democracy, despite the evidence that these technologies can in fact embolden censorship, improve surveillance and increase the power of totalitarian regimes. So just how can Silicon Valley justify this contradictory mindset? And what has allowed the world’s largest tech companies to plough ahead in the face of such glaring contradictions? For those in Silicon Valley, … [Read more...] about 2018 Is The Year Silicon Valley’s Unfaltering Utopianism Fails