Billionaire Tom Steyer, who is running for California governor, says he'll vote for the one-time 5% tax on billionaire wealth if it reaches the November ballot
Billionaire Tom Steyer came out in favor of a proposed tax on California's wealthiest residents, adding a prominent voice …
Some top California Democrats join Governor Gavin Newsom in opposing a ballot initiative led by a healthcare union seeking a one-time 5% tax on $1B+ in assets
A late-November 2025 amendment to California's wealth tax proposal treats founder control as ownership, which could end founder-controlled startups in the state
Sources and filings: Peter Thiel donated $3M to a group to beat California's wealth tax proposal, the first of several expected tech leader donations in 2026
More large donations from wealthy Silicon Valley figures are expected as they try to marshal opposition to a proposed ballot measure …
FieldAI, which is developing “brains” for robots, raised $405M at a $2B post-money valuation from Nvidia and others; FieldAI raised an initial $91M in late 2024
FieldAI, a California-based developer of “brains” for robots, raised $405 million in venture capital funding at a $2 billion post-money valuation.
Tahoe Therapeutics, which is building AI models of living cells, raised $30M led by Amplify Partners at a $120M valuation, taking its total funding to $42M
The Palo Alto, California-based company, now valued at $120 million, has developed a scalable way to quickly generate crucial biological data needed …
Sources: Apple produced $22B worth of iPhones in India in the 12 months ended March 2025, up nearly 60% YoY, and now makes 20% of its iPhones in the country
The Cupertino, California-headquartered company now makes 20%, or one in five, of its prized iPhones in the South Asian country …
Yield Sec: US online gross gambling revenue hit $90.1B in 2024, of which 74% went to illegal casinos; unlicensed operators in California made $5.5B in revenue
Olivia Solon / Bloomberg :
California-based Virtualitics, which provides data visualizations that can be viewed in AR and VR, raised a $37M Series C, bringing its total funding to $67M
Kyle Wiggers / TechCrunch :
Chipmaking machine giant Applied Materials plans to invest up to $4B in a Sunnyvale, California, research center over seven years to improve chip collaboration
Don Clark / New York Times :