will china catch up and pass silicon valley?> it is one of the greatest concerns that silicon valley has. china is amazing. it has a huge amount of technology talent, everybody is acting like an immigrant. with hunger. large companies have this policy of 996, 9:00 to 9 p.m. seven days a week you are discoverable at your desk. they are a lot of innovation. there are things that we learn from china. i think that china is going to have one very strong technological future. that is why we call it the land of blitzscaling. >> some people say that the technology world is a limited by a number of companies. -- is limited by a number of companies. do you think that the united states is dominated by too few technology companies? something should be done to weaken their power? >> what i think we are heading to is we are going from five massive technology companies to 10. we are naturally heading in that direction. we see it with netflix and salesforce and all of these other companies which are continuing to also grow in strength. create a

scott is also mike's podcast partner for the silicon valley insider weekly overview of silicon valleyry scott holds a degree in political science and ucla. welcome mike and scott but we're so looking forward to your conversation, take it away. >> thank you so much. welcome everyone, and michael welcome to you. it's great to be here. >> it's great to talk to you, this time i get to ask you the questions. >> and folks, please let us be a little informal. scott and i are not really capable of anything else. [laughter] this is an honor to be here for many reasons. mike, you know i'm a big fan of yours. as a tech reporter i've been standing on your shoulders for years. in some of the earliest stories i did as a silicon valley reporter were at sea hm and you have allowed me to do many there and geek out. individually to see the exhibits. always appreciate it it's an honor to be associated with that. >> if i can add, i am deeply honored. i've done many things at the museum over the years. i go back safari member would gordon glenn bell made the decision to move to silicon valley even further

is china likely to pass silicon valley as a leader of technology?eid: i think it's one of the greatest concerns that silicon valley-knowledgeable people have, because china is amazing. it has huge amounts of tech talent. everyone's acting like an immigrant, you know, with hunger. large companies have this policy, 996 -- 9:00 till 9:00 p.m. six days a week, you are discoverable at your desk. and that's kind of like, you know, tens of thousands of technical people in technology companies. and they are doing a lot of innovation. there's things we learn from china. and so, i think that china is going to have one kind of very strong creation of the technological future. it is one of the reasons why in blitz scaling, we call it the land of blitz scaling. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: now some people would say the technology world of the united states is dominated by a limited number of companies, google, facebook, apple, netflix, microsoft, i'm sure you are familiar with all of this

david: silicon valley is not the only place where there are technology investment but it seems like siliconalley companies seem to be the most valuable and that is where the most activity is occurring. is there something about silicon valley that makes it unique and better than other areas? there is. silicon valley has a number of overlapping network effects. it has the network effect of being the hub by which a lot of english-speaking entrepreneurs from around the world come to start their software businesses, key technology businesses, there is a hub for capital and the knowledge and investing that goes into it. there is a hub of talent for people growing these companies as a part of the reason i wrote this book about how you build technology companies at a global scale lightning fast. there is the network effect of learning, sharing information. it is part of the reason silken valley -- silicon valley has the whole area. and why half of the nasdaq emerges out of silicon valley. those network effects are what makes silicon valley great. >> is china likely to catch up and pass silicon vall

silicon valley has 3.5 million people and half of the nasdaq emerges out of silicon valley.is for those reasons. those network effects are what makes a great. david: is china likely to catch up and advanced silicon valley as a technology leader? reid: it is one of the greatest concerns that silicon valley knowledgeable people have because china is amazing. everyone is acting like an immigrant. with hunger. large companies have this policy, 9:00 a.m. to 9:00 a.m. six days a week and that is the people in technology companies. they do a lot of innovation appear to there things we learn from china. i think china will have one very strong creation of the technological future. i think silicon valley has some edges too, but i think it's very much of a game on circumstance. david: now some people would say the technology world of the united states is dominated by a limited number of companies, google, facebook, apple, netflix, microsoft, i'm sure you are familiar with all of this. do you think the united states is dominated by too few tech companies and something should be done to

. >>> data, the company formerly known as facebook has signed two new leases in silicon valley. one of the offices is in sunnyvale. he used to be that headquarters of net app. it will have more than 700,000 square feet of space. the other, in burlingame, features more than 500,000 square feet of space. a spokesperson told bloomberg the added space is intended to reduce employee commute times. next year, employees will be asked to work in offices about half of their work week. >>> researching a volcanic eruption. the risks scientists are taking to get an unusual look they hope will plan big rewards. >>> coming up tonight on "cbs evening news" -- >>> coming up , updated rules for travelers is another case of the omicron variant is confirmed in the u.s. covid cases are expected to rise this winter. what the administration is doing to expand at-home testing. plus, in the market for a new home? ♪ i see trees of green ♪ ♪ red roses too ♪ ♪ i see them bloom for me and you ♪ (music) ♪ so i think to myself ♪ ♪ oh what a wonderful world ♪ >>> for more than 2 months, we have been dazzled b

liz: let's talk about gallium nitride over silicon.ride doesn't exactly have the same ring as silicon valley but you believe it really is that element of the future. tell us about it, and where do you source it, because our research shows that the biggest sourcing comes out of china and we know that the biden administration has just said, we've got a diplomatic boycott of the beijing olympics, and, you know, there's questions as to what happens next between the , whether it's the international trade relations or just diplomatic relations between the two countries. >> it's a pretty fascinating story. gallium is actually a naturally- produced by-product when you make other metals like aluminum so it's actually produced all around the world anybody making metal not just china it's all over the place and for decades nobody had a purpose and it was only maybe two decades ago people realized that gallium material, so low costa vail ability can be combined with nitrogen in the air that we breathe and when you put these two things together, it

but you really see his attitude is representing a trend in silicon valley somebody quote a small piece. he just lives in a world where it is normal not to think twice about how new technologies could create harmful effects. so, i went to ask a little bit more how has stanford has a long history and a lot of experience in working with students to what extent has it successfully trade the very culture or disruption is admired giving access to the companies in silicon valley for students but also ceos and other tech executives to teach. i would love to hear a bit of a reflection from each of you on how typical disruptive echo system starting with rob concluding for this question with jeremy. >> stanford absolutely bears a significant responsibility for what we see and big tech and that varied cultural orientation to aspire to look for ways to roll your product out and see what happens, throw spaghetti on the wall and figure out any systems downstream. i have at least in teaching generations because in the past five years the professionalization even young students come to c at stanford wi

we'll talk with the silicon valley tech executive heading to space this thursday. and the san francisco restaurant, the owners there apologizing for refusing to serve cops. there's a new angle to that story. but let's start with the weather, thick fog, haze. you with see the video behind me. tonight we're seeing rain, you can see it on the exclusive storm ranger radar for now. how much and how long? happy monday, jeff. >> you too. >> is it just the rain? or is this some air quality issues and fog? >> we've had the fog really on and off since about last thursday even, a little bit last wednesday. a so lot of folks are frustrated. you want this to get out of here and you want to get some rain in here. still unhealthy for the north bay, bay and east bay. spotty showers in the north bay, a little sprinkle to the south bay. but all in all, just small activity tonight. >> what are we looking forward to, into the night and tuesday morning? >> i think at this point, this system is going to help stir up the air a little bit. so we should be in for improvements in the air qu

emily: what about silicon valley ?kes up a large part of california, but does it still lagged the broader industry or broader corporate america? are they catching up? abby: they do unfortunately, and it is specific to the tech industry. one of the challenges when we get asked about this a lot is why is tech falling behind? it is a combination of a few things. companies tend to be smaller. sometimes, there is a funny feeling within silicon valley and here's the irony. silicon valley, people are used to taking risks, whether the tech companies. it is a risk-averse mood as to why not diversify your board. is usually about bringing people onto the board that are not the people most like you. you really have to be intentional about thinking about wanting something different. that feels risky to a lot of people. that is why silicon valley is lagging. i am an optimist, and i think if people lean into it and think about the benefits, it changes. emily: if we can build self driving cars and rocket ships to space, we can find mo

the trial is already having a ripple effect among silicon valley venture capitalists. >> they aren't as hyped as they once were. they are much less in the press, and there is also a lot of the press questioning what silicon valley is doing with the enormous amounts of money and power it has. that is not something you saw a decade ago, or during the times of theranos as much. already there are ways that the system is getting checked. i don't know whether or not startup founders themselves, you have to be a certain type of people to even be crazy enough to do something, would be suddenly raining themselves in. >> reporter: the trial could serve as a warning to investors looking to do business with silicon valley startups. >> doing your due diligence and homework, not entirely trusting the executives you are talking to. i think in some ways that was always something people had to think about my going back hundreds of years, but when it came to silicon valley, it seems like these country were specials, rocket ships trying to take off. maybe people may see that it's not entirely the case.

. >>> a silicon valley vc is back from space. our exclusive interview about his out of world experience. >> good evening, i'm raj mathai. mayor schaaf, steph curry, and the silicon valley venture capitalist in space all just in a few minutes. >>> but we start with a lot of confusion here and some last-minute changes. the new statewide mask mandate which goes into effect at midnight tonight. but in the past hour there's been a notable change by the state itself. many bay area counties will get to keep the old rules in place. yesterday the state announced masks would be required at all indoor public places whether you're vaccinated or not. but late today the state changed its order. it's confusing, so we'll try to walk you through this. here's what it means for the bay area. san francisco, marin, sonoma, contra costa and alameda counties allow you to go maskless inside certain businesses if you're vaccinated. we've been doing that for a while. those businesses include offices, gyms, and fitness centers and religious gatherings. the

etch a whole lot of transistors onto a piece of of silicon, which was basically a cheap substance thatanufactured. >> these chips can control the flow of electrical current that in effect enables them to store and remember zillions of bits of information on a surface just a little bit thicker than an eggshell and smaller than a fingernail. >> this silicon chip supplies the brainpower for 1,001 electronic gadgets from wristwatches to microwave ovens. >> the mushrooming industry gives birth to a new high-tech cult and a place called silicon valley. >> the magic part of silicon valley is that there was this boiling pot of people who were involved in technology, involved in science. >> silicon valley was hp, sri, xerox park, and stanford university. that was a hell of a powerful combination. >> there was these two cultures, engineers with ph.d.s and hobbyists. >> it was a time when there was a lot of social ferment in and around the bay area. there was a lot of counterculture people. so you had cheap semiconductors. you had people that would look at things differently than what the convent

they are mostly silicon, hence silicon valley.anium is not a rare earth, but the same kind of techniques are seen when china decides to do something, it decides to do it in a very coordinated way. and this is certainly a very coordinated way. the problem with the micro sees in general, this is a bigger problem for the eu because they have so many democracies with different interests, is coordination. i have been told a foundry costs between $10 billion and $12 billion to make, depending on what kind of chip you want to produce, and that after you make it, it is going to take at least five years to become profitable. in other words, government support is necessary. now, china has the type of government that is willing to support that. joe biden says he is willing to support that. it is harder because of the way our economy is structured, with a of private input. and in the case of the eu, really, really hard because even though the french and germans, the british, who aren't in the eu anymore, pretend to be very friendly. the natio

>> yeah, i'm loaded up with silicon carbide, but i took physical delivery. i'm in the commodity. hey, kev, have you ever taken a look at the charging equipment companies? i own a little bit of this thing chargepoint. i don't know that much about it, quite frankly. but i looked at evgo i looked at volta. is there money to be made there? what do you think? >> there was a trade in there because they thought buy back better was going to pump a lot of money into charging networks. but let's speak as investors, not as traders we actually have an ev truck company in our portfolio and one of our senior executives there came from charge point so he's kind of my secret weapon. i'll call him up after this and get the scuttlebutt. most people just go from their home to the office to the store, whatever so they want a big network out there but they hardly ever use it and i'm not quite sure that's going to play out that smoothly. >> okay. i appreciate it it >> thank you >> thank you for joining us with some of your calls >> you bet happy holidays >> happy holidays to you

. >>> a former silicon valley ceo is about to go into space. scott budman talks with the tech mogul about to embark on an out of this world journey on a story you'll only see on nbc bay area. >>> we are heading into winter, but where is the snow? how a handful of ski resorts are dealing with bare slopes. >>> and we are tracking the return of some rain. i'll have full details on that and an update on when the snow is going to get here in about eight minutes. when it comes to flooring, i'm hard to please. so, i go to floor & decor where i find every imaginable tile, wood, laminate or stone without compromising my design. cause one aisle doesn't cut it. i need an entire store. explore floor & decor in person or online. >>> starting today, four cities in san mateo county are changing the way dispatchers respond to crisis. they have the option of sending out a mental health clinician on police calls. the hope is they will deescalate calls. instead of sending that person to jail or a hospital for a mental health hold. >> if i go in and say let's get

fit into the rocket. >> reporter: here in silicon valley, early testing was done under extremely cold conditions. >> minus 395 something fahrenheit. we had to test it in those temperatures, which was quite difficult. everything shrinks down and things move. >> reporter: the end result they hope will be an incredible scientific journey looking into both the past and our future. >> it's quite staggering, the amount of science that's going to -- that we are going to see within that first year. >> reporter: the web telescope will eventually be able to see 13.5 billion years into our cosmic past. it will be able to see planets revolving around other stars in our galaxy as well as black holes in other galaxies. scott budman, nbc bay area news. >>> you heard scott say it's bigger than hubble. that's not the only difference. check how it compares. each of the scopes named after someone. it's on our website. >>> don't wait until christmas to get the fun started. whether it was a day out with friends, shopping or skating, plenty of people had something to celebrate on christmas eve. >> reporter

this is narrow in terms of stealing market share but we are saying it is not just about silicon valleys being spread more evenly across the united states. it still has new york and san francisco as the largest share though. taylor: for so long, the appear -- appeal was income tax but we learned in the pandemic, you need more than that to keep the talent. caroline: they made that really hard? where you live has to be -- that's bringing a man who lived from new york to miami recently. i'm not sure if you were in new york or new jersey, but whatever it is, you're not miami. >> i am originally from chicago. romaine: it's rigged. >> being in miami in december and looking out and walking barefoot is strange, but mayor suarez, we will speak to him soon, but there is a new unique -- unique five for crypto. a lot of it is south american connected because they are used to melting currency. crypto offers a hedge to that and i think the mayor gets it and i love the competition between states and cities. the mayors are accepting payments in bitcoin. romaine: we will talk to mayor suarez in a few se

that's standard practice in silicon valley. >> that's the claim but i think they get that home for two reasons. the product never went to market and the tests were often run on traditional testing equipment that theranos didn't tell people they had. the other reason is while silicon valley companies often over promise, claim a new feature for a phone or something is just around the corner, in this case they were working on life and death technology. people trusted those tests to tell them whether they had cancer or aids. the other lesson i think silicon valley is going to take away from this is don't trust because a company has a first class board of directors that the board of directors knows what they're doing. theranos boasted two former secretaries of state. the former secretary of state and the future secretary of state here and here and a former defense secretary and a future defense secretary jim mattis among others. investors looked at this blue ribbon board and thought i can trust they know what's going on. but of course, they didn't. >> yeah you mentioned george schultz there

at its peak, silicon valley had a 12% unemployment rate. since then, 174,000 jobs have been added, although the leisure and hospitality section is seeing a slower rebound. >>> yesterday, we had that 6.2 quake. today, 3.8. a lot of shaking north of the bay area near humboldt. a 3.8 quake hit ferndale this morning after a 3.3 earlier this morning. as for yesterday's 6.2, you can see a lot of these shoppers in the store as the quake struck. a lot of items knocked to the ground. a lot of stuff off the shefls -- shelves there. thankfully, no report of any injuries. >>> after last week's snowstorm dumped much-needed snow, more is on the way. several more inches of snow will fall, so be prepared. >> reporter: if you're traveling up to the sierra, today was the day to be on the road. the roads were crystal clear. they have been working really hard to prepare for the upcoming storm. and really, that's what it's all about, preparation. >> this winter, we have a ton of extra people in town that have moved up due the covid and being able to work from h

silicon valley's unemployment rate fell to 3% in mid-november. in the month before the pandemic, it was 2.8%. at its peak, silicon valley had 12% unemployment. since then, 174,000 jobs have been added. although the leisure and hospitality structure is seeing a much closer rebound. >>> united airlines expects 630,000 customers to pass through sfo alone this holiday season. check out the crowds earlier today. the omicron variant spreads, united says it is taking steps to keep customers safe. the airline says all employees are vaccinated and wearing masks. the spokesperson says united has gradually increase the its schedule. >>> it's pouring outside. how long will we see this level of intensity? >> i think over the next three to six hours, we'll see it. i still have some breaks in between with the storm systems that should mitigate any kind of major flooding as we head into this weak. today, tomorrow, another one friday night. let's bring it into storm ranger. you can see the yellow indicating a few of the heavier pockets as we zoom in to get a clos

this weekend, longtime silicon valley venture capitalist took his son to space. yep, that's the trip they took. we first talked with dad last week before the trip. business tech reporter scott budman is back with us after checking in with the family post trip. really, he really earned the trip of rocketman. this sounds amazing, and it also sounds incredibly expensive. >> yeah, you're right on both counts, jessica. a chance to be a space tourist, riding on the jeff bezos-owned blue origins shepherd, and a venture capitalist who got a few ideas while in zero gs. he's invested and managed silicon valley tech companies and he paid what some estimate to be close to $28 million a ticket for his brief ride into space. this is blue origin footage of the new launch, and the trip took a total of about ten minutes. then they came back and landed in the capsule. they got their wings pinned on by jeff bezos himself, and after those amazing experiences, he says his goal is to make space travel affordable and accessible for the rest of us. >> but also for me, and coming from th

holmes trial -- >> once dubbed the youngest woman self-made billionaire in the world -- >> former siliconley favorite trying to defend herself -- >> reporter: a stunning moment in a criminal trial that's captivated silicon valley. since her fall from grace, theranos founder elizabeth holmes has remained silence until now, taking the witness stand in her own defense. >> elizabeth holmes surprised a packed courtroom. >> this was her time to tell her side of the story. >> i heard, "oh my god," people craning their necks to see, would she really take the stand? >> reporter: testifying for days, at times fighting back tears as the former tech wunderkind dropped bombshell after bombshell, alleging she's been raped, abused, and controlled. 37-year-old holmes is on trial for 11 fraud charges. she's pleaded not guilty. with those black turtlenecks, blue eyes, and smoky voice -- >> we will change our lives and our world. >> here it is, here's the next steve jobs. >> reporter: elizabeth holmes was a tech supernova who said she had a revolutionary invention. >> making it possible to do any lab test f

the big lesson i think silicon valley will take away from this is don't trust a company because it has a first class board of directors. that board of directors knows what's going on is the assumption, that they know what they're doing. theranos boasted two former secretaries of state, george schultz and henry kissinger. one former defense secretary william perry and one future defense secretary jim mattis among others. investors looked at this blue ribbon board and thought, i can trust they know what's going on. now they say they didn't either. >> in george schultz's case he was warned. >> his own grandson worked in the labs and tried to warn his grandfather that things were amiss and tried to protect his grandfather's legacy. schultz was a statesman, he was on the right side of all kinds of things and did so much for america, which is why a lot of people trusted that he knew what was happening in theranos, but it turns out he didn't. >> we will be following all of it. you can follow the trial online at nbcbayarea.com. all you have to do is click on elizabeth holmes trial coverage onc

the silicon valley has grown up in the last 30-some-odd years.ors with people who have great talent and brilliance are trying new things. people come in and try to follow these people and there's huge success in silicon valley. like edison, he tried and tried and tried and failed and failed and failed, and finally succeeded. that's why she called it the edison. people are going to say she was the alpha girl in the silicon valley. she was the one that women and men wanted to emulate. and so who is next that didn't quite make it yet? >> thanks for your time. appreciate it. >> thank you. >>> and breaking news just in from an investigation into allegations against former new york governor andrew cuomo. the district attorney's office says cuomo will not face criminal charges from its investigation over allegations from two women, one who was identified as a trooper and another who he allegedly grabbed and kissed. our investigation found evidence to conclude that the alleged conduct did occur. in both instances, my office has determined although the al

why is it fueling victim to the classic silicon valley greed situation? that is what so much are warning us of. that and so much more on "making money." ♪. charles: so the market continues to get its footing right? it is getting its equalibrium bounce being back from a reltough start to this month. as we've seen volatility spike to its highest level of the year. it is well above the historic averages. i think this increased volatility is a fine thing as long as the market is trying to put the brakes right now on the slump, build the foundation for our next leg higher. i know there are a lot of unknowns out there. the favorable federal reserve backdrop obviously won't be the same but the biggest question for investors should they be in this market or not, bottom line? we delve further where you should be for the biggest potential bang for your buck considering risk. with that in mind i want to bring in gary b. smith, phil blancato. you have been worried about too much fiscal stimulus. if build back better is truly dead how will it impact the stock market?

it's been a year since a takeover at a silicon valley company and asking employees to fill out job evaluations and i thought i'd give him a hand at filling out his own. he's transforming nutanix from a stock company and pushing a sales force to pursue bigger companies and bigger contracts. on the other hand, the company still operates at a loss and that share price is not far from its first day following the ipo. rajiv, thanks for joining me this morning and being a good sport. let me get your thoughts on your first year as ceo and how do u you think you did? >> good question. it's been almost a year since i started here. i can tell you that is an interesting experience and getting to know investors, employees and customers always in that short window. what i realize is getting on board is that technology is a great enabler for doing this and able to meet literally hundreds of customers, hundreds of investors and thousands of employees using technologies that we also have been able. the question of the last year, we are trying to set priorities for the company. as you mentioned, scott, we're g

they are mostly silicon, hence silicon valley and germanium, which is not a rare earth, so odd, but at the same kinds of techniques are, are seen when china decides to do something. it decides to do it in a very coordinated way. and this is certainly a very coordinated way. and the problem with democracy is in general, and this is a bigger problem for the e u, because they've got so many democracies with different interests as coordination. 8, i have been told that a foundry cost between $10000000000.00 and $12000000000.00 to make just the, depending on what you want, what kind of chip you want to produce. and that after you make it, it's going to take at least 5 years to become profitable. so in other words, government support is necessary. now, china has the type of government that is willing to support that. joe biden says he's willing to support that. um, it's harder obviously because of the way our economy is structured with a lot of private input. and in the case of the you really, really hard because even though the french and the germans and the british, which of course aren't

la cÁmara de comercio de silicÓn valley dice que podrÍa ser el prÓximo aÑo.. la cÁmara de comercio hispana de silicÓn vallev me dice que mÁs de dos mil negocios se beneficiaron de esto. si necesita orientaciÓn o quiere enterarse llame al telÉfono que aparece en pantalla. >>> decenas de niÑos del este de san josÉ podrÍan recibir un juguete de navidad. le diremos donde puede donar. >>> nos enfocamos en celebraciones litÚrgicas. >>> faltan unos dÍas para la celebraciÓn de la virgen de guadalupe. >>> saque guantes y charmaras porque el frÍo se quedarÁ con nosotros en los prÓximos dÍas, empezando desde esta noche. viene lluvia para nosotros. >>> hoy comienza a definirse el prÓximo campeÓn del fÚtbol mexicano, en el partido entre leÓn y atlas. (comerciales) >>> hace unos dÍas pedimos ayuda y ustedes respondieron vre una comunidad golpeada por el covid-19 pedÍa donaciones de regalos. el nÚmero se trilicÓ gracias a ustedes. vamos al informe. >>> despuÉs de nuestro reporte la comunidad me preguntÓ cÓmo puede ayudar mayfer. >>> los bomberos de san josÉ llegaron al resc

how wall street and silicon valley are doing, and the rto timelines. we will talk to a top facebook security executive about the burgeoning surveillance for hire industry this hour. senator jon ossoff joins us exclusively to talk about how georgia landed a $5 billion new factory. we will get all of that in a moment. first, a look at the mock -- markets. kriti gupta is here with details. >> a risk off session, no doubt about it. a lot of pain when it comes to the tech space. the s&p 500 index closing down 9/10 of 1%. comparing that to the nasdaq, 2.5% worth of decline. you see the yields coming down in the treasury markets alongside the scarf mood in cryptocurrency. the big question is, why is tech selling off so hard? first, we are low on volume and dealing with the end of month, and of quarter and end of year. a lot of the flows are being reversed. at the end of the day, everyone is asking, how is tech reacting to the federal reserve? a very hawkish pipit to targeting inflation, lowering bond purchases. that was the message from the federal reserve's

amazon itself is not in us silicon valley necessarily. but that whole the ecosystem of e commerce is there, it is actually legal to steal up to a $1000.00. and that way pointing out there is that these goods end up being sold by 3rd party sellers on amazon. and so amazon is benefiting from the moral ethical and legal collapse in california made possible by fair money. because of course, when you print la sophia money and it goes to the hands of a say, a jeff bezos who runs amazon, he's got political influence. so i just again, in america, um, i think i really do believe if you put a chart and you made a chart of the, the cost of buying a politician around the world. i think america's the cheapest. i think you can buy and nancy pelosi or something like that for a few 100 bucks. whereas in other countries, it actually costs a lot more in europe and these other countries. i wish american, ah, politicians demanded a little bit more money for their influence. nevertheless, here we have this ongoing story of plunder and looting happening across

one of them is the silicon valley story, that laypeople — that is to say people who are not silicon valley innovation occurs through trial and error and we have to tolerate some error and that statements she made have been denounced as lies were, shall we say, aspirational. but then we shift to some other stories she's told abut herself, such as, gee, she really didn't have that much control of the company and that a lot of the bad acts attributed to her were really done by her then partner — and, indeed, her personal partner — a mr sunny balwani, who himself will be on trial. taking that a step further, she put on evidence that she had been emotionally abused in a very, very deleterious relationship with mr balwani, so he had virtually taken her mental autonomy away and things she apparently said she had no control over — she had essentially been brainwashed. and then, on some other matters she actually did a strange manoeuvre by sort of confessing to the jury, "yes, i shouldn't have done that but i feel really bad about it", as if she is making a plea for sympathy and not for innocence.

if they do, startup founders across the nation and silicon valley should be quaking in their boots au know by now, this case has not been going five days a week, and we checked the court calendar and it was updated at 3:30 this morning. as of today, today seems like it could be the only day the jurors will be deliberating as the judge is off the schedule but still available. >> certainly we will be following this but have been keeping an eye on this case throughout its time. as soon as the verdict comes down, we will bring it to you live and legal analysis. >>> developing this morning in the east bay, part of highway 4 in bay point is back open after a shooting. it happened just after 7:30 last night, this is west of bailey road here bay point. a man was found with a gunshot wound and he was taken to the hospital and is expected to be okay. investigators are still trying to figure out if a gunfire came from another car. no motive has been released. no arrests have been made. >>> also in bay point two other police officers are on the mend. it all started when the driver led officers o

silicon valley had a big hand, mountain view scientists helped with what powered it. find the full story at nbcbayarea.com, search james webb telescope. >>> oakland had a violent christmas, including a officer-involved shooting, 500 block of 98th ave. man waved gun at responding officers and officer fired, no one was hit, suspect arrested and officer placed on leave, standard procedure. >>> rain and snow putting a dent in the historic drought, and it's a welcome relief for farmers. for impact on california's hard-hit wine industry -- >> reporter: this is america's premier wine growing area, some of the most expensive farmland in the country. but like the rest of california, this past growing season napa valley suffered through the state's driest rainfall year in more than a century. how serious is this compared to other years. >> as serious as i've seen it. >> reporter: had to run operations with some reservoirs practically empty. dried out. >> completely dried out. >> reporter: with record-breaking heat and less water, vines put out less review. >> that's a nice clus

gearing up to make scientific history with a big boost from silicon valley. we are back in 60 seconds with a look at the most powerful space telescope ever and it's launching early in the morning. >>> plus, santa's making his way toward the bay area. we are tracking his journey this christmas eve. >>> and we are tracking rain coming our way with our next storm system. a full update on this, in about seven minutes. >>> okay. if you go to bed right after this newscast, and you get up at 4:20 in the morning, you will see scientific history being made with a big boost from silicon valley. the most powerful space telescope ever made will head into space christmas morning. now, if all goes well, it'll send back images never seen before. a lot of local technology and know-how onboard, too. our business and tech reporter scott budman shows us the scope of things to come. >> reporter: it's a telescope that's both gigantic in size. >> it's much bigger than even hubble. it's got like five times the area. >> reporter: and ambition. >> the first is to observe this very fi

you really see the attitude representing a trent in silicon valley. living in a world where it is normal. new technology companies could create harmful effects. so, i want to ask may be a little bit more of a critical question. to what extent has safford university, you have a long history and a lot of experience in working with students, to what extent have they actively and successfully created the very culture where disruption is admired. giving access to the company but also inviting ceos and other tech executives and to teach. i would love to hear a bit of a reflection from each of you on how stanford plays a role in that typical disruptive ecosystem. starting with rob and shooting for this question with jeremy. >> absolutely. a significant responsibility for some of the problems we see a big tech and for that cultural orientation to aspire. looking for ways to code in your pajamas and roll your product out quickly and see what happens throw spaghetti on the wall and figure out any problems downstream. personally, i have seen in teaching generati

silicon valley is largely a liberal plane. there have been times in recent years were there been protests for that kind of work. that is only one side of the equation. i think that it is a good way of thinking about this technology that i write about. not only when it comes to military uses, but all sorts of uses. dual uses for this technology. it can be used for good, it can be used in many ways that you may not expect. a lot of it is about point of view. struggling to figure out what is right and what is wrong. it is not always black-and-white >> it is really important here. i think going back to that first one that you mentioned earlier in our conversation in korea where there is this national excitement. it is like chess and some of the other games where ai are trained they are wargames. they are violent games. >> it is interesting. they are the game of choice because they are hard. it is as simple as that. they are chosen for technical reasons. they are chosen for historical reasons. it is about the conquest. that is a re

for the 37-year-old, one of the silicon valley sensations is trying to stay out of prison. today the prosecutor summed up testimony who said holmes' claims at that her cutting-edge technology could detect hundreds of diseases from a single drop of blood were proven on early on. she continued to make fake statements and then claimed she did not know what was happening in labs. it's important for prosecutors to keep jurors focussed. >> if can you tie it together, instead of repeating it, and you can actually explain to the jury why we're here and we care about this case. we care about it case because elizabeth holmes' technology put patients' lives and health at stake. >> reporter: the attorney said that her claim that she never intentionally misled investors or patients. >> when he brings in a diagram, it show as steep staircase in order that they have to pass all these levels of proof, and at the very top, reasonable doubt, sounds like it's a very, very high standard to reach. >> reporter: they made a point of showing that holmes hired a lot of smart people that probably sh

also tonight, it's an ultimatum, really, silicon valley's largest employer has a new rule. get vaccinated or start looking for a new job. google says employees will need to show proof of being fully vaccinated or get an exemption by january 18. you've got about a month. today a handful of employees, google employees, told us off camera they support the mandate and will feel safer returning to work because of it, but several hundred googlers have signed a manifesto opposing it. >> i do think other companies will be watching how google manages this. but, again, i don't see google doing any other thing than trying to enforce it. >> google employs more than 35,000 people here in the bay area alone. they declined our request for an interview but issued us this statement saying our vaccination requirements are one of the most important ways we can keep our workforce safe and keep our services running. we're committed to doing everything possible to help our employees who can get vaccinated do so and firmly stand behind our vaccination policy. maybe other companies will start doin

>> we are in our own community in silicon valley and there is a dire need for the basics. food is one. it's a great way to contribute to the cause. >> reporter: you used to do a large barbecue where you took canned, physical donations but can't do that because of covid. >> we told them that the funds they do donate goes further. for every amount, second harvest stretches the dollars and provide more food for the community. >> reporter: you are hurting for volunteers now, physical donations are very labor intensive. you prefer financial donations because you can make that go further. >> right. we can source literally truck loads of produce from central valley and pay to get it here. any food we buy, we buy in bulk. the majority is donated and handled by volunteers. we need people's support now more than ever and for every dollar donated we can provide enough food for two meals. >> so donate your time and make financial donations as well. go to kpix.com/give. >>> still to come on the news at noon, apple set to break a major wall street record. high dollar value the tech comp

this is a massive story across the country but especially in silicon valley.ct that she became a huge celebrity. she was part of a start up company that within the space of a few years became valued at some $9 billion and at the heart of it this testing kit, just a few drops of blood could supposedly identify potentially hundreds of different diseases up to 240 different tests. if true it could have revolutionised the medical industry especially testing when people of course are well used or perhaps going to the doctor and having to give a vial of blood, this would change things, it would've been available in stores, and high street gamez. but not true. it essentially came to light through the warnings of members of the company itself. some of the employees actually sent e—mails to elizabeth holmes, these were shown in court telling her that this simply didn't work. the heart of the allegation is that she essentially ignored that and continued to raise from some very high—profile figures make it tonight millions of dollars in terms of investment. the interesti

we are celebrating the launch of the new book called silicon values. we are delighted to have with us the author of the book jillian york joined in conversation by band tardis as an international activism director at the electronic frontier foundation also a founding member of the deep lab. covering questions of surveillance and freedom sincerely to thousands named by foreign policy is one of the top 100 intellectuals on social media and has been writing for the guardian and al jazeera. joining her today is then who is no stranger to city life. we posted him on numerous occasions for several of his very important books. most importantly, recently voices from the valley. published by fsg originals also the author of the book of the counterfeiters paradise and cofounder of logic magazine. his writing has appeared in the guardian, new republic as well as other publications and makes his home in cambridge massachusetts. so really it is an honor and a delight to have you both here today. welcome to city lights lives. >> thank you for having me. >> i have a

announcements that could determine their fate in the new year and then, finally, that big pile of cash in silicon valley. we talked fund-raising and spacks and ipos. a deeper look at how capital is being used inside tech companies to lure employees, win customers and finance investments, d >> meantime, carl, the nasdaq higher and tech continues to underperform and sitting near all-time highs for the broader indices and we're keeping an eye on apple still just inches from that $3 trillion market cap and we're also waiting on a verdict for thernos founder elizabeth holmes as we head into day six of jury deliberations not far from here in san jose. first, a look at a sector that has severely underperformed in the last few weeks and that is fintech. this was supposed to be fin tech's year. buy now, pay later the ipos of coinbase and robinhood and not to mention all that online and digital commerce that has been happening over the last 18 months what's happening instead is investors, they're actually returning to the incumbents. take a look at shares of visa and mastercard they have each jumped more t

behave in silicon valley.se who think this is absolutely not the case. the bottom line is, this was a woman who was able to raise more money than most any other female founder. she became one of the wealthiest self-made women in the world at one point her company worth $9 billion. it does bring questions about, what standard we hold founders to. what is important when a device like a blood testing device gets in front of anybody at a walgreens store. judy: any sense of what we can expect next from the defense? >> we have certainly now heard the cross-examination today from the prosecution and they raised a number of text exchanges between elizabeth holmes and her former boyfriend and sunny balwani. the defense will have to come back strong. the prosecution presented a lot of important evidence that really links, especially today, that links elizabeth holmes directly to the allegations of fraud. judy: rebecca jarvis, watching this riveting trial. thank you very much. we appreciated. >> thank you, judy. ♪ judy: