Salesforce.com just purchased 400,000 square feet of office space in San Francisco for $340 million, the San Francisco Gate reports.
The deal is the largest of its kind in a decade, and will effectively double Salesforce's footprint in San Francisco.
LeEco, the company partnered with the startup electric-car maker Faraday Future, is apparently in talks to scoop up a giant piece real estate from Yahoo, the Silicon Valley Business Journal reported. The land is about three miles from LeEco's newly-opened US headquarters in San Jose.
SAN JOSE, California — A giant Chinese media conglomerate has landed in Silicon Valley. LeEco, the company that's partnered with electric-car startup Faraday Future, just opened its new US headquarters in San Jose, California. Close to 300 employees occupy the building now, with capacity for up to 800, LeEco executives said at a ribbon-cutting event on Thursday.
Amazon Web Services has just founda big partnerto its expanding userlist: Salesforce, the $50 billion cloud-software maker. According to the WSJ , Salesforce will build some parts of its upcomingInternet of Things cloud software on top of AWS, testingits newest initiative on Amazon's cloud-computing service.
Salesforce CEO Marc Benioff's base salary will remain flat this year after hearing complaints from some investors about his heftycompensation package last year. In a proxy statement filed on Monday , Salesforce disclosed that Benioff's base salary will remain at $1.55 million this year. The change was made in response to hearing "concerns regarding quantum of total CEO pay," it said.
For all the buzz surrounding the rise of Chinese tech company LeEco, very little has been said about how the company and its intrepid leader, Jia Yueting, are financing their ambitious endeavors. LeEco is developing several different businesses at once — including smartphones, internet TVs, streaming content and, more recently, electric cars.
Nearly 47% of the shareholdersSalesforce just announced the cash bonus awards it granted to executives and, not surprisingly, its founder CEO Marc Benioff (the heart and soul of the company) did well, collecting a$2.33 million bonus. That'safour-times bigger cash bonus than what most of the other named executives got, including Salesforce's other cofounder, and head of engineering, Parker Harris.
COO and head of sales Keith Block and CFOMark HawkinsBlock's attendance cost the company$58,663 and$29,362. That amount includes the tax bill both men would have faced because the event was added to theirpayas a taxable perk.The company also company picked up the tab forAlexandre Dayon to attend "acompany leadership event" which Business Insiderestimates to beon the order of $21,000.
Salesforce has roughly $2.7 billion in cash and cash equivalents, based on its latest filings.Salesforce is reported to have scooped up another data-intelligence startup on Monday, as the cloud-software maker continues its buying spree this year.
Nicolas Dessaigne says that there are lots of reasons why developers crave the ability to build their own search tech."That information is critical to running a good business,"Dessaigne says.Furthermore, you can't exactly embed Google within a mobile app.
This morning the folks at HTC have launched Vive X, a program which will invest $100-million, expertise, and mentorship for VR developers around the world. This program will be targeted at start-up groups, primarily, and will aim to not only cultivate the VR development environment, but foster it as well. "We are very excited.
San Francisco has become the first major city in the United States that will require solar panels to be included on newly constructed buildings. The legislation comes from Supervisor Scott Wiener, and it was just recently passed without opposition by the Board of Supervisors, Wiener announced this week.
They'vefound people rummaging in the farm's barn, according to Fusion, and one person even left a broken toilet for some reason. People would even post her details online and encourage others to get in on the harassment, she said.The local sheriff even had to put a sign on her driveway, telling trespassers to stay away and contact him first if there are any questions.
The i newspaper changes the guard on Monday. The British daily national newspaper launched in 2010 as a stablemate to The Independent. But with The Independent ceasing its print publication last month after nearly 30 years , the i was sold to Johnston Press, home to dozensof local news brands like The Scotsman and The Yorkshire Post and a number of specialist titles.
"We're going to use this technology to breathe life into the inanimate objects and devices of our life through conversation," said Siri co-founder and CEO Dag Kittlaus. Viv (which means "life" in Latin) offers an experience akin to the AI in the film Her . When Kittlaus asked, "Will it be warmer than 70 degrees near the Golden Gate Bridge, after 5 p.m.
Lyft has more than doubled its original offer to settle the class action lawsuit its drivers filed in California in an effort to be recognized as employees. The ride-sharing service has agreed to pay them $27 million after a San Francisco District judge deemed the original settlement amount of $12.25 million a bit too small.
It's a mindset that BlackRock encourages, Xu says — BlackRock is still run by its founders, and still retains some of those "entrepreneurial roots."Jon Xu and the rest of his soon-to-be cofounders were leading project teams at Microsoft when they first noticed the problem. It was toward the end of the 2000s. Microsoft was making them all a lot of money.
It's not long now before Lenovo hosts their "Tech World" event, and with it, a Motorola smartphone reveal of major proportions. What we're to understand will be there is the final iteration - the release-ready version - of the Lenovo Google Tango phone. It'll be Motorola branded instead, says our anonymous source, or at least that's the plan at the moment - barring some last-minute change.
Uber has reached a settlement agreement with its drivers in California and Massachusetts, according to a statement from the attorney representing drivers in the two cases. The $100 million settlement effectively staves off what could have been a massive legal fight over the employment classification of about 385,000 Uber drivers in the two states.