Silicon Valley has been a universal symbol of innovation for decades. Because of its reputation, governments around the world have tried to foster their own versions by investing heavily in tech hubs.

Silicon Valley Bank failed in 2023 after rising interest rates caused its investments to plunge in value and depositors withdrew huge amounts of cash. Management mistakes, regulatory changes, and ...

The first important Silicon Valley figure to proudly depart from the industry ethos was Mr. Thiel, the billionaire investor who helped found PayPal and who has always preferred the Übermensch to ...

The report also found the top 10% of earners hold 71% of the collective wealth. If Silicon Valley’s liquid wealth were evenly distributed, it would amount to $1 million per household. “Most people ...

The average per capita income in Silicon Valley was $157,000 per year, making it among the highest in the county, per the survey. Last year, 12,000 people immigrated to the region, while nearly ...

Silicon Valley is home to 56 billionaires and 145,000 millionaire households, the report stated. “The concentration of wealth in the region is staggering,” the report said.

In 2024, Silicon Valley and San Francisco generated a combined $69 billion in venture capital investment. Of that total, $22 billion went to AI companies, a 90% increase since 2020.

The North Carolina lender that bought much of Silicon Valley Bank following its March 2023 seizure was sued for trademark infringement on Wednesday by the collapsed bank's former parent.

Tech CEOs may be doing a political 180, but the majority of engineers, investors and scientists who make Silicon Valley the global center of innovation and profit vote Democratic.

And the top of Silicon Valley was no different — there has always been a right-wing cesspool. As Becca Lewis has recently laid out in an article about the industry in the 1990s , tech was then already ...

Silicon Valley’s Top-20 VCs also gain an edge over other VCs by investing early after Strategy Aha when risk is high, but when they see a path to a homerun. To improve their odds, they replace ...

This is WIRED’s Uncanny Valley, a show about the people, power and influence of Silicon Valley. I'm Michael Calore, director of consumer tech and culture here at WIRED. Lauren Goode: And I'm ...