well, up next, we mentioned the huge silicon valley presence at this inauguration.e're going to continue that conversation with our business and tech reporter, scott budman, on what this all means for the bay area's influence in the white house, also honoring the legacy of doctor king, how thousands of people here in the bay area are remembering the civil rights leader with acts of service. mmmm... planet oat's so creamy and not watery like- exactly! and unsweetened has 0 grams of sugar. and don't forget, it's an excellent source of calcium. ♪♪ wow! planet oat really has it all... you guys are so right! no you are. no you are. no you are. yeah, you are. ♪♪ never seen a bay area influence like we're seeing right now at the trump white house. so what's the end game here? we showed just a few minutes ago elon musk, apple's tim cook, google's sundar pichai, sergey brin also started google, mark zuckerberg for meta and jeff bezos from amazon. not necessarily republicans. some of them might be, all of them might be. but what the deal is here, they're businessmen hoping fo

and you've spent a lot of time in silicon valley. and i wanted to ask you a question about the culture of silicon valley. on one hand, there is this libertarian and ideology exists in silicon valley. we're also seeing on the ai front calls for regulation. and then also a lot of people are in silicon valley, are making you know what i think are extreme statements about, ai being a human extinction level event and raising lot of alarms. so is this the how do you explain the between calling for regulation in ai and then the cyber libertarian roots and is the culture changing or is this a new framing to achieve the same results? it's a great question. so i think there are still quite a number of technologists that want to use technology to improve over the protection of civil liberties. think about strong encryption for protection of privacy for example and in that sense they are suspicious of the state because. they say the state is going to use for surveillance. we don't want this. so we're going to build a remedy this in the technolog

the book is called taming silicon valley. i just found out in the green room that he wrote it literally in two months. so probably a speed record for actual book completion. gary a leading voice in, artificial intelligence. he's a cognitive scientist well known for his research in language development and cognitive neuroscience as a successful entrepreneur was the founder of robust a.i. and geometric a.i., which was acquired by uber through significant work in research. gary has anticipated many of the contemporary a.i. limitations. his fascinating new book, jamie silicon valley how we can ensure that a.i. for us explains what is lacking the greatest risks and what a comprehensive air policy should look like. spoiler alert there's going to be a lot of skepticism skepticism. moderating tonight's program has rachel. she's senior editor at kqed valley newsdesk and a frequent moderator at the commonwealth club. please join me in welcoming gary marcus and rachael myrow. well, as you've just heard, this is not going to be the of a

scott couldndn't help but notice a lot of silicon valley faces out there today. yeah, audrey, you know, there have been ceos at inaugurations before. there have been rich people at inaugurations before, but never really the concentration both in one industry, tech and geography. silicon valley represented like what we saw today. there are just a couple of them right there. there's musk. he got a shout out with president trump saying, hey, we're going to go to mars, which you know, is kind of a thank you to him. just a lot of tech in a very small room. and they were really, really close to where the president was today. they had the primary seats. i was reading, you know, that that some of the cabinet members, even politicians, were in an overcrowded room. but these tech ceos were right there, right behind trump and his family. i know you got to speak to the head of tech ethics at santa clara university. what did she tell you? you know, it's one of those sort of follow the money things. that's why they got the good seats, audrey. that's why they got the shout outs

let me point to an example from silicon valley's past., founder of hewlett-packard, a legendary silicon valley founder. he actually joined the nixon administration as deputy secretary of defense in 1969. he was a very wealthy man. he famously put his wealth in a blind trust while he was in office to resolve any ethical questions there might be about hp profiting from defense contracts, which it did have, while he was at the defense department. caroline: thinking of what you have written, the remaking of america, is silicon valley -- are the tech leaders we see remaking america from a political perspective right now? i say that with the words of the previous administration in our ears that this is some sort of oligarchy. margaret: i think they are trying to. what has not been the case to the past is that the platforms they controlled was about the people on the inaugural day as yesterday and the capitol rotunda. mark zuckerberg, jeff bezos, elon musk. they have such an outsized influence over online communication, online commerce. they are

especially stocks based here in silicon valley. not only did the broad market do very well this year, leading to gains in your 401 k, the s&p 500 index up more than 20% for the second straight year. that's pretty rare. and once again, as we mentioned, silicon valley led the way higher. ai hype. of course we talked about that all year. it was everywhere. it brought in trillions of dollars in new wealth to the stock market, leading to gains in just about all sectors of our economy. and chances are your 401 k plan, even if you're not directly invested in ai stocks, saw strong gains over the last 12 months. what we take particular pride in is that our innovation ecosystem, right. our leading tech companies have driven these tremendous gains. so it's incredibly exciting. and our region, silicon valley is really at the center of it all. good point. but let's also point out that picking stocks is dangerous even in a good year. look, chips were everywhere this year building for ai in our smartphones. biggest gainer of the year nvidia a hum

it is a lot of push for the, you know, for the ai to be here in silicon valley. money is still here. the vcs, you know, the you know, last year, 20, 24, 57%, which is about $90 billion of the funding from vcs for startups happened here in the bay area. the report also didn't take into account upcoming events, such as the super bowl in 2026. that will also bolster the economy in santa clara. marianne favro, nbc, bay area news. marianne. thank you. standing in solidarity and community, san francisco's bayview ymca hosted its 15th annual black history month and lunar new year celebration today. it is a major community event that puts a spotlight on diversity and the neighborhood, which has a large asian and black population. this year, organizers of the annual celebration sought to strengthen ties across cultures and to stand united in uncertain times. with president trump's recent series of executive orders, including those challenging birthright citizenship and dei initiatives. bayview neighbors are coming together to support each other because we don't know what

there was a heavy silicon valley feel to all of this on this inauguration day. the bay area tech giants that were front and center, and what it means for the bay area's influence in this new trump white house. also, our political analyst joining us to talk about some of the promises president trump made today, how his policies will impact immigration, the transgender community and the panama canal. and it is shaping up to be another tense night in southern california. fire crews preparing for more strong winds. the news at 530 starts right now. thanks for joining us. i'm gia vang and i'm raj mathai. this day was filled with pomp and circumstance and a clear message to the country and the world about america's peaceful transition of power. tonight, a change of wardrobe and a different vibe as the celebration and the parties begin. in fact, let's go out live to washington, d.c. this is a live look at the commander in chief ball. this is at a convention center out there in washington, one of the many parties and balls tonight to celebrate the 45th and 47th presiden

effects the bay area could feel the significance of the president sharing the spotlight with silicon valley tech titans and the gesture by one of them stirring controversy tonight. >> starting today, america will be stronger and greater than it's ever been before. >> from the parties to the protests and the policies that will impact the bay area. our team coverage of the second inauguration of donald trump begins now. >> and good evening. >> i'm ama daetz and i'm dan ashley. thanks for joining us. we have a lot to get to tonight, of course, but we're going to begin with the scene in washington, d.c, as people arrested for the january 6th attack on the capitol begin to be released. >> new at 11, a crowd is gathering outside of the d.c. jail tonight, anticipating the release of some convicted with crimes related to the january 6th capitol riot. in one of his most controversial day one decisions, president trump is pardoning nearly all of them. and tonight, the white house says the first two are free. >> we hope they get them. we hope they come out tonight. frankly, they're expecting it. >> in

jose in what's supposed to be a bustling downtown and now the latest report from joint venture silicon valley shows the vacancy rate for office spaces has passed 20%, the highest in decades of len ramirez went to check it out for himself. >> reporter: take a walk in downtown san jose in the middle of the day and this is what you see, vacant buildings with boarded up storefronts and nearly empty sidewalks. >> it's empty because we have right next to us adobe as well as zoom and i hardly see any people there. >> reporter: she was one of the few walking the sidewalks at lunchtime and this is what she saw. >> vacant restaurants, like nobody around since it's downtown, should be packed with people because there are so many offices around and if people are not in the office, of course, there is less chance people will be in the restaurants for lunch or whatnot. >> reporter: it is one of the most obvious signs of what's not going on inside many silicon valley office buildings. >> vacancy rates are high, but that's not news. we've known that for some time. this set in during the pandemic. >> reporter

effects the bay area could feel the significance of the president sharing the spotlight with silicon valley tech titans and the gesture by one of them stirring controversy tonight. >> starting today, america will be stronger and greater than it's ever been before. >> from the parties to the protests and the policies that will impact the bay area. our team coverage of the second inauguration of donald trump begins now. >> and good evening. >> i'm ama daetz and i'm dan ashley. thanks for joining us. we have a lot to get to tonight, of course, but we're going to begin with the scene in washington, d.c, as people arrested for the january 6th attack on the capitol begin to be released. >> new at 11, a crowd is gathering outside of the d.c. jail tonight, anticipating the release of some convicted with crimes related to the january 6th capitol riot. in one of his most controversial day one decisions, president trump is pardoning nearly all of them. and tonight, the white house says the first two are free. >> we hope they get them. we hope they come out tonight. frankly, they're expecting it. >> in

what do you make of a massive turnaround from silicon valley? >> how do you define silicon valley?ps on the ground, you shall bully a couple million dollars in revenue so those types of companies aren't impacted, big tech is doing pretty well based on the algorithms it had. the question is what will be beneficial in the early stage, the market opening up overall. these are a huge hindrance to growth the last couple years. what is the freeze on and mandate at the ftc. the second is the ipo market which is stalled. well over a thousand tech startups that are ready to go with an ipo. of those can be let loose and m&a deals are coming back in fashion that is ultimately how the vast majority of tech companies have exits and the more exits there are the more capital there are to institutional investors so they can keep deploying more capital into companies and i expect 1/3 of my deals to go to 0 but when there is a constant flow of capital i keep making more bets when there is no exits and no liquidity everything dries up, and 3 or 4 deals a year, 6 or 7 startups, might have had successf

and it's that's what makes us do what we do. >> for the last three years, the silicon valley chapter of the princess project has been running out of this donated space in santa clara, a now shuttered real estate office. but the building recently came under new ownership, and the nonprofit has been asked to leave under a tight deadline. >> february 15th. it barely gives us enough time to be able to move everything out. >> with prom season just around the corner. plus volunteer and giveaway events scheduled in the coming weeks, the princess project is hoping for someone to step in as a type of fairy godmother. >> we're hoping that somebody out there has a space for us, even. you know, all we really need right now is a space to last us until through april at least. >> the nonprofit needs a certain type of space in the south bay to house the donated inventory and accommodate changing areas. >> the ideal spot for us would be a commercial space that is more than 6000ft■!s. >> no matter if and when someone comes through for them, flores said. the nonprofit will somehow do the giveaways that

support of president trump. >> the sudden change in silicon valley leadership changing from the way they behaved in 2016, 2017 to the way they're falling in line, visiting mar-a-lago, changing how they tackle the business that they do. it's just too influential. [music] it's too important. >> some people held signs that said no to fascism, no to deportations, and waved flags supporting women's rights and the lgbtq plus community. the silicon valley immigration committee, who organized the rally, says they're preparing to push back against trump policies they believe will be harmful to the local community. >> we wanted to be prepared once trump came in because trump's threatened to pass a number of executive orders that directly attack immigrant communities, from revoking birthright citizenship to a militarized state. militarizing the border. >> say it once. say it twice. say it once. say it twice. we won't put up with ice. >> during the rally, people spoke about the contributions of immigrants and other marginalized people in the united states. magdaleno says multiple groups, in

cases like this are not new in silicon valley. in 2022, google settled a gender based pay discrimination case for $118 million. hp settled a class action lawsuit for 8.5 million. we reached out to apple for comment. the company says since 2017, it's achieved and maintained gender pay equity, and every year they partner with an independent third party expert to examine each team member's total compensation and make adjustments where necessary to ensure pay equity. z brie says she was not paid fairly. it's in the back of your mind, but it's still a shock once you discover it and you realize that, you know, we're doing the exact same things. and i'm just i'm not being valued as much as this person or, you know, no other reason besides that. we share two different genders. others case some years back, san francisco tech giant salesforce did an internal audit and also found women being paid less than men for the same jobs. they set aside several million dollars to make up the difference. jessica. okay. thank you very much, scott. south

. >> the bay area is reacting to a very busy day while some of the names in silicon valley enjoy a seat at the table. >> we do have very powerful, very wealthy people getting the ear of the president. >>> from kpix, this is the late news with sara donchey on cbs news bay area. >> hi. i'm sara donchey. >>> it is a new day in our country and for some people that is something to celebrate, but for others it is a deeply scary thought. no matter what side of the aisle you're sitting on, we all got to witness this administration hitting the ground running. president trump signed almost 200 executive orders, memos, proclamations. some of those include pardoning the 1,500 people involved in the january 6th capitol attack. he declared a national emergency at the southern border, signed an order reinstating the federal death penalty, pulled the u.s. out of the world health organization and paris climate accord and signed an order to try and rename u.s. landmarks, including changing the gulf of mexico to the gulf of america. the president is working to undo what was done by previous democratic adm

>> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology," with caroline hyde and ed ludlow. tim: good morning, i'm tim stenovec. katie: and i'm katie greifeld. it's friday, we are both in new york city, welcome to "bloomberg technology. tim: coming up, nick clegg stands down as the head of the meta-technology. katie: and will the supreme court saved the day for tiktok? tim: and tougher scrutiny on exports of technology to make battery materials. all of that and more over the next hour on "bloomberg technology. first, check on the markets. tech is driving stocks higher today, the nasdaq 100 is up 1%, 86 stocks higher led by nvidia, microsoft. on the downside we have got apple lower again. we will be speaking with ryan in a few minutes on their longest losing streak at apple s november, down from the post-christmas all-time high. the big question, katie, can the gains old? we saw the same thing play out yesterday when stocks started out higher and close lower. katie: yesterday was actually the worst trading day of the y

silicon valley, which depends on h1—b visas to hire specialised walker says it feels a big skills gap musk, now a key voice in donald trump �*s policy circles say that many critical people who built tesla, spacex and hundreds of of other countries that make america strong are because of hi-b. but america strong are because of h1—b. but republican hardliners call it a scam that undercut jobs and wages for americans. the visa programme is a total and complete scam concocted by the lords of easy money on wall debates in the united states now, pitching donald trump supporters from the tech industry against his far right loyalists. silicon valley, which depends on h1—b visas to hire specialised walker says it feels a big skills gap in the us workforce. elon musk, now a key voice in donald trump �*s policy circles say that many critical people who built tesla, spacex and hundreds of of other countries that make america strong are because of hi-b. but america strong are because of h1—b. but republican hardliners call it a scam that undercut jobs and wages for americans. the visa programme is

that attitude from biden provoked silicon valley to jump on the other side of the table. democrats are now in real trouble. but on his way out, he's pointing out that this particular conglomeration of power is unprecedented, and it can be very, very dangerous. >> yeah. i mean, we heard him call meta's decision to stop having fact checkers and just let users basically do it. shameful. but but tonight, when he when he was clearly referencing that, he called it the tech industrial complex and said, you know, americans are being buried under what the president described as an avalanche of misinformation. i mean, mark zuckerberg, meta's donating $1 million to trump's inauguration, along with a lot of other folks. but he's also coming to the inauguration next monday and we're told is going to have, you know, prime seating for that inauguration. >> look, if mark zuckerberg wants to give to the president, wants to show up, that's it's, uh, it's certainly he can do that as a patriot, as a citizen. the problem is that it sends a certain signal that facebook and other companies that

there's there's no physical territory of silicon valley. it's a myth. right. but it's better understood, i think, as a religion, because, you know, if i told you there's this myth and, you know, there's this guy zuse, hera and achilles and, you know, they really want us to do stuff. it's, you know, they've got a certain agenda. i mean nobody here would take anything like that seriously. of course you wouldn't. but if i. you well, there's this religion and, you know, you're expected to believe in it. and it has, you know, millions, maybe billions of members and it has an agenda for all of us. and we need to follow that agenda. and if we don't, there will be punished. well, first of all, you'd be very familiar with that way of thinking. second of all, you might be pretty afraid because you've seen that that kind of thinking can have real world impact, can it not? and so it did remind me of as i was reading about these ideas elegies, the long termism, and then flip side of it, we do the flipside the hell yeah, let's to hell so so hell hell. so in a.i. discourse t

working from home impacting silicon valley. years after the pandemic. we take a look at the new normal in the south bay. you will not believe the number of office vacancies soaring there in san jose. >>> and artificial intelligence taking center stage in a tech conference in las vegas. the bay area tech company designing the latest tech to make ai faster and mor (woman) i've got this dream... and you're all in it! (banker 1) let's hear it! (vo) with wells fargo premier a team can help you plan for your dream. (woman) i have this vacation home... (banker 2) so, like a getaway? (woman) yeah, but... it's also an eco-friendly artist retreat. (banker 3) so, you're expanding your business... (woman) ...and our family! can you help me plan for that? (banker 1) yeah! let's get started. (vo) ready to meet the dream team? you can with wells fargo. >>> right now on cbs news bay area, 6:29. almost #:30. taking a live look at san francisco's ocean beach on this first alert weather day. there's a wind advisory, wellthe prompter says for north of the bay area. sit nor

it is a lot of push for the, you know, for the ai to be here in silicon valley. the money is still here. the vcs, you know, you know, last year, 20, 24, 57%, which is about $90 billion of the funding from vcs for startups happened here in the bay area. the report also didn't take into account upcoming events, such as the super bowl in 2026 that will also bolster the economy. marianne favro today in the bay are honoring a bay area icon who fought the internment of japanese americans during world war two. yesterday marked the 10th annual fred korematsu day of civil liberties. fred korematsu was born and raised in oakland. in 1942, when the u.s. army forced 120,000 japanese americans into internment camps during world war two. korematsu refused. he was ostracized, imprisoned, and then in 1944, the u.s. supreme court ruled against his case. decades later, that conviction was overturned, and korematsu would later be awarded the presidential medal of freedom. yesterday, the asian law alliance held the annual event to recognize kororematsu and to educate others. and thi

there's a new snapshot how working from home is impacting silicon valley years after the pandemic. >>l has a lot on their plate as they meet for the first time. >> i would love to be coming into government at a time of abundance, but we ultimate know this is a time of truly terrifying scarcity. >>> mayor london breed is saying farewell, the warm sundayoff in the tenderloin as her time in office comes to an end. >>> this is cbs news bay area with juliette goodrich. >> good evening. i'm juliette goodrich. >>> we begin with a new year and a sobering new snapshot of the office market in the south bay. it is the new normal, quiet streets in san jose in what's supposed to be a bustling downtown and now the latest report from joint venture silicon valley shows the vacancy rate for office spaces has passed 20%, the highest in decades of len ramirez went to check it out for himself. >> reporter: take a walk in downtown san jose in the middle of the day and this is what you see, vacant buildings with boarded up stor

support of president trump. >> the sudden change in silicon valley leadership changing from the way they behaved in 2016 2017 to the way they're falling in line, visiting mar-a-lago, changing how they tackle the business that they do. it's just too influential. it's too important. >> some people held signs that said no to fascism, no to deportations, and waved flags supporting women's rights and the lgbtq plus community. the silicon valley immigration committee, who organized the rally, says they're preparing to push back against trump policies they believe will be harmful to the local community. >> we wanted to be prepared once trump came in, because trump has threatened to pass a number of executive orders that directly attack immigrant communities, from revoking birthright citizenship to a militarized state. militarizing the border. >> say it once. say it twice. say it once. say it twice. we won't put up with ice. >> it already has happened in bakersfield. you know, there are areas where ice is active. there are scarce. so we want to make sure that everybody is properly informed.

these oligarchs in the silicon valley, they have a different view of how people should govern themselves. i call it techno feudalism. they don't believe in self-governance. >> what's your reaction? >> steve the bannon is a revolution ary. when ve vikram vivek ram wham swami came out, he was targeted. the way they described it administered, was unpopular. bannon is on the side of the base. and he believes that donald trump is going to come his way and not elon musk's way. >> i want to talk to the rhythm or whatever the people are going to dance to. that's snappy. martin, tip, thank you so much. >>> next, more live cnn coverage of the second trump inauguration. and the second ball he's been to today. stick with us. ♪ ♪ >>> we are keeping our eye on the inaugural balls all over washington. the president and first family at their second ball of the night, the liberty ball. one of president trump's executive orders begins this fight over his attempt to scratch out a piece of the constitution, that outlines birthright citizenship. here with us in the studio, is cnn legal analyst elliot william

he asked silicon valley is often seen again supporting law enforcement when it comes to national securityes. how can the united states develop a partnership to counter china's threat. >> i think it's not actually a fair characterization. i think it's adverse to the ic and the things we are trying to do or law enforcement some of these things have happened behind the scenes. as i mentioned to david unfortunately the problems we face the crisis or the challenges over the failures. that provide opportunity to improve the relationships and build trust there is a recognition that if we are not working together we are not us all these things. so i am optimistic that we are getting better with respect to that. to the point i made to david earlier unfortunately the public discussion that leads to that question is misimpression because we are only talking about our failures and challenges not of the successes. so we have a lot of successes in terms of partnerships behind closed doors. >> one area that hasn't been focused on so far that the more pressing in recent years is the financial intelligenc

. >> you are also representative from silicon valley. and i'm just so curious.a different view on this legislation. but since i have you here, and because your district is implicated in this, what what do you make of where we've ended up and how donald trump is going to essentially, i guess, like unilaterally decide based on who shows him the most goodies or favor. >> well, look, i oppose the tiktok ban i always have with senator markey, and here's why. >> i mean, the app was a vehicle for the free speech of a lot of folks. >> and in my view, it it came under criticism during the gaza war, and there were a lot of people saying things critical of that war. >> but the reality is, i just had a call today with 50 content creators. >> there's a woman, cassy, who talked about her husband, cheated on her. she left four kids, two under the two toddlers, and she relies on this to make a living. and there are millions of people like her are going to be shut down if this app closes. >> so our party, president biden, should put a pause on this, and we shouldn't be the party

. >> and silicon valley leaders, once outsiders in washington now taking center stage, the impact the new administration could have for the tech industry. >> and the extreme fire concern once again in parts of los angeles and ventura counties. the wind is coming back, some being told the power could be turned off as new fires break out in a different part of southern california. lot going on on this tuesday, january 21st. >> yeah. first we're going to turn to drew to look at weather. >> yeah. this morning it is cold. colder than yesterday morning in fact by about 5 to 10 degrees. so we begin with our east bay hills camera. we'll take concord for example. temperatures right now are chilly. we have those numbers mainly in the 30s and a lot of areas right now. and that is the case in parts of the east bay. temperatures are right around 33 degrees in concord. and we will find that some of these numbers are going to stay quite chilly throughout the afternoon. it is clear out there. it is going to be sunny this afternoon. we're trying to see if my computer wants to play with me this morning

his inauguration was a who's who of silicon valley with the ceos of apple, google, meta, and tiktok there and he wasted little time announcing billions of dollars for a.i. and giving a lifeline to tiktok. what does this signal for the rest of president trump's term? >>> first let's go to southern california where we are continuing to follow the fires, crews getting the upper hand on that hughes fire north of l.a. evacuation orders have been lifted for tens of thousands of people near castaic lake. that fire exploded in size yesterday torching nearly 16 square miles. that is about half the size of concord, but containment is up to 24%. >> i can't officially say that it has been stopped in its perimeter yet, but it's slowed way down. it's looking really good. >> they are not in the clear just yet. a red flag warning for southern california has just been extended through tomorrow morning. so we have another night of tough conditions. that hughes fire is one of at least eight fires in southern california right now. it's burning in rugged terrain about 40 miles from the devastating palisades a

what does that mean for silicon valley? right. we're at a time where we're putting so much money into developing all this. >> you know, i think there are two ways to look at it, and we'll see what the future will bring us. on one hand, it's obviously the fear that, you know, these models are going to get commoditized and the value of these companies are going to drop. but on the other hand, if i still have a lot of resources, then i can accelerate the development of these technologies. and people talking about, you know, general artificial intelligence and things like that, that can come, that can come sooner. and if it can come sooner, then these companies can be even more valuable. so there is a scenario in which these companies can be less or even more valuable, because these innovations from deep tech can help accelerate the progress of ai. >> so if that helps mankind, if you will, right. but maybe more medical breakthroughs faster or economic growth. but what does it mean in terms of national security and kind of this global

i showed you all that picture of all of these people, in silicon valley, their huge multimillionairesdoes that really fuel even further that threat for the oligarchs? >> it doesn't just fill it, it establishes it. i've been thinking about a similar tableau, if we wanted to have something like this, i was thinking what would you need to have, in the 1950s, it would be all of the ceos of the steel companies because in that era, u.s. steel was king and there was a concern about collusion and in fact, there was, you would never have them turn up at a presidential inauguration and you wouldn't have them intermixed with members of the cabinet in the 70s you would have the seven sisters, could you imagine if the ceos of all the oil companies, came to the presidential inauguration and sat in the front row? you know, think about the marxist disinformation about the united states, the soviet union always put out the idea that these ceos -- >> i want to listen into what trump is saying. >> it began very early and then we decided you know, we made a good decision by the way, doing it in the rotun

and our region, silicon valley, is really at the center of it all. yes. but as we've learned, tech can go either way. case in point, chip stocks really the basis for the ai economy and those that jumped on the ai bandwagon early, like nvidia and broadcom saw huge gains this year. if you msed the train like santa clara's intel, you likely lost money. andn 2024, a lot of employees. so scott we walked into 2024. and you know a lot of the talk was about inflation. and you know, the study show people were down on the year. but as we see the stock market did well. ai fueling a lot of things. you said s&p 500 up the last two years. so look in your crystal ball. do we have three years in a row. is there enough juice left in the ai bubble to keep going? that's a great question. and that's what a lot of people are waiting to see. garvin. things that went well this year. you said inflation was curbed. it was low. job growth was still strong. wage growth was higher. so shoppers not only felt comfortable shopping, but taking a little bit of a risk and therefore invest

you know, apple is a giant company, but this is far from the first big tech company here in silicon valley to have this happen. hp a few years back had to pay, i think, an $8.5 million settlement. google, famously a couple of years ago, paid a much larger settlement more than $100 million because it was discovered they were paying men more than women for the same job. salesforce a few years back did an internal audit and said that they discovered men were making more than women, and before there was a lawsuit, they made good on it. so this is something that has been around for a while, and that is what one of the plaintiffs told me she's known about. and that's one of the reasons she's filing this lawsuit. got it. has apple said anything at all about the lawsuit? yes. so we have heard also from apple. apple has said that they actually do the right thing. they pay men and women the same wage. in fact, they said since 2017 they have maintained equity. and every year they say they partner with an independent third party expert to, as they say, make sure that the balance is still there. and so

and silicon valley is helping to. yeah, yeah. you know, companies are stepping up and that's good to see. netflix today said they will donate $10 million and they will help house people in los angeles. comcast and other media company, the parent company of this tv station saying it will donate $10 million. airbnb's charity organization airbnb.org said they have set out a goal to house 25,000 people, and they're already a little more than halfway there. and you know, airbnb has all these connections to find people who still do have homes, who are willing to share their homes and rent them at this place. airbnb takes care of all the costs. so if you're burned out of your home, you can stay rent free for a while. and so yeah, there are some ways to get this stuff organized, whether it's with an app with the pet rescue service, or just with a u-haul truck that you fill yourself. but we're seeing this all over and it's really impressive. it really is. yeah. all right, scott, thank you so much. oh, by the way, celebrities also pitching

the humane society of silicon valley's pet pantry program served its one millionth meal to four legged friends at park villas in san jose. pet pantry dishes out about 30,000 meals a month. it also provides free food and pet supplies to low and no income pet owners. animals are really part of the family unit, and what we find is that people often have to choose between feeding their pets and feeding themselves. so our pet pantry program is exists so that people don't have to make that choice. the humane society of silicon valley also has mobile units to provide spay neuter and low cost vaccines to pets in need. some of its services, including dog training classes, are free. okay, are you ready? it is panda day in washington, dc, while the san francisco zoo is hoping to one day get pandas from china, the nation's capital, celebrating their new guest today, and lots of people got to say hello to xin bao and bailey, who did not disappoint with their big debut. amy cho takes us to the national zoo for the big festivities. there's no party quitete like a panda part. it's not every day the na

it's the biggest loss in single day stock market history for a previously red hot silicon valley company, all because of a new ai app. this one comes loaded with knowledge and privacy concerns. it's going to bring in our business and tech reporter scott budman with all of that. scott. well, audrey, it's a new ai app from china to rival chatgpt. good, perhaps for the overall ai market, but bad for certain stocks, especially nvidia. the bell tolled for many american ai stocks today thanks to this. a chinese startup called deep seek an easy to use, large language ai powered app made for a lot less money than chatgpt, but also with alleged connections to the chinese government. because it's easy. it's fun, it's not heavy on their system. and this is another tiktok, meaning if you download it, don't give up your data and don't expect answers to all your questions. but there is a problem, scott. if you ask it about something related to the chinese government, it's not going to answer you. nonetheless, deep seek took over the top spot in the apple app store over the weekend, and that tanked sil

tech moguls from silicon valley. you have that enriches people you know, on the planet is sitting, you know, in one place in the second row next to spacex and tesla ceo elon musk was apple ceo tim cook, google ceo, sundar pichai >> amazon ceo jeff bezos and meta ceo mark zuckerberg. each of these tech billionaires donating 1 million dollars to the trump inaugural fund as they aim to win favor over trump political analyst michael yaki has attended several inaugurations and says he was surprised that's never been done before and never been seen before. tech expert in engineering, professor ahmed banafa says this group of big tech would have been unlikely in trump's previous term. >> but wasn't actually was not good. you know, there's a lot of that back and forth. you know that silicon valley stayed away from politics office says a lot of this has to do with the influence of musk. >> who has become a close ally of trump and new chair of the department of government efficiency island mosque is it spoke. the tech language

the pet pantry program provides around 25,000 meals a month in silicon valley. >> pet owners in need also pick up food from the milpitas warehouse on wrigley way. all you need to do is bring your id. >> the rain county sheriff's office introducing a 30 new addition to its specialized investigative unit. this is k 9 key she is a springer spaniel and specially trained in the detection of different types of drugs. sheriff's office says a key keys able to detect the odor of fentanyl, heroin, methamphetamine and cocaine. she is named after key key camera arena, dea special agent who was killed in the line of duty in sheriff's office said keys favorite, off-duty activities range from playing fetch 2 chasing squirrels. new at 11, the san jose sharks paying special tribute to a local firefighter last night. alameda county firefighter brandon franco kicked off the game with the puck drop. franco was badly burned. fight in the corral fire last june. that was near the city of trey scene. but they since recovered at last night's game. the sharks also raised a lot of funds for a handful of organi

> with just one week left in office, president biden making a move that's raising eyebrows in silicon valley, the rules that could shape the future of the tech industry. >>> and more than just people impacted by the fires in southern california, we'll introduce you to one of the many bay area animal shelters helping our four-legged friends who have also been collecting some much needed donations. >> we had 300 inquiries right away what can i do? what can i help with? - man, i need some serious help with this health insurance stuff. - check out covered california. it's a free service from the state that helps you get health insurance. millions of people have used it. - wait, for real? - mmm hmm, they even offer financial help to lower the cost. - nooo... how you know about all this? - that's how i got my insurance. i got a great plan for about $10 dollars a month. - okay, i see you. - if you've got questions, covered california can help, every step of the way. enroll by january 31st. covered california. this way to health insurance. >>> the faa is looking into a very scary close call involvin

if you want to rent a typical one bedroom apartment that literally doubles here in silicon valley, about 126,000. the interesting thing about the cost coming down is it shows while income is remaining steady and wages even rising a bit. we talk about that a lot. there is at least more inventory when it comes to apartments. so many cities, including here in the bay area, have been adding more apartments and condos and places to rent, and that, because of supply and demand, eventually lowers the cost. so it has stayed steady to a little bit lower in the entire nation, including in the bay area. but because of the salary range we see, especially in the tech industry, it still costs more here than just about anywhere. even if you want to rent an apartment double. and i think a lot of people listening right now, they're like, we're not surprised we see that, right? and that's what you knew was coming. like the overall trend is good even here. but the amount of money that it takes not only to buy a house, and we talk about that a lot here as well, but to just rent an apartment is also so high

today, the east bay silicon valley group is erecting a memorial.ors at oakland and san jose city halls. the doors symbolize president carter's legacy of opening doors to better futures for habitat homeowners. so back in 2013, here in san jose, he helped us out building playhouses for local community organizations, doing a community improvement project over at lake cunningham park. and he also helped us renovate two homes for sale through affordable mortgages to families with limited incomes here in san jose. and in repair eight more homes here in san jose as well. i remember wh he was here, it was amazing to see him work. well, in honor of national day, many federal agencies, including the post office and stock exchanges remain closed. as mentioned, they're closed in observance of this funeral. but scott mcgrew says that actually, the markets themselves promise to be a big day in business tomorrow. we'll get the big jobs report tomorrow with the december jobs report. a few days ago, data showing a growing number of open positions in american compan