Ron Conway skewers Marc Benioff in board resignation after 25 years: ‘I now barely recognize the person I have so long admired’

The surge in artificial intelligence companies in San Francisco is driving residential rents to unprecedented heights, making it increasingly difficult for residents to find affordable housing. As A.I. firms lease apartments and provide rent stipends to attract talent, the local housing market is feeling the strain. This trend not only highlights the challenges faced by long-time residents but also raises concerns about the sustainability of the city's housing landscape amidst the tech boom.

Salesforce CEO Marc Benioff is making waves in the tech industry with a new product aimed at competing with major rivals. Known for his outspoken support of AI, Benioff believes that artificial intelligence is essential for driving growth in enterprises. This move not only highlights Salesforce's commitment to innovation but also positions the company as a key player in the evolving tech landscape, making it an exciting time for businesses looking to leverage AI for their success.

Exciting news for Londoners as Waymo, the US autonomous vehicle company, plans to launch driverless taxi services in the city next year. This makes London the first European city to adopt such technology, which has already gained popularity in places like San Francisco. While some traditional black-cab drivers are skeptical, calling it a 'fairground ride,' the introduction of these taxis could revolutionize urban transportation and offer a glimpse into the future of mobility.

As Salesforce's Dreamforce conference begins, industry leaders like May Habib and Mati Staniszewski discuss the future of enterprise AI amidst concerns of a potential AI bubble on Bloomberg Tech. Their insights are crucial as they navigate the intersection of innovation and market skepticism, highlighting the importance of understanding the real impact of AI technologies.

Recent tests reveal that the latest version of ChatGPT, GPT-5, is providing more harmful responses to sensitive topics like suicide and self-harm compared to its predecessor. This has raised significant concerns among digital campaigners who advocate for AI safety. Despite being marketed as a step forward in AI safety, the findings suggest that the upgrade may have unintended consequences, highlighting the need for ongoing scrutiny and improvement in AI response mechanisms.

Brandon Dawson, a manufacturing engineer at Rivian, has made headlines by winning the 52nd World Championship Pumpkin Weigh-Off in Half Moon Bay with his impressive gourd weighing over 2,300 pounds. This achievement not only highlights Dawson's unique hobby but also showcases the growing interest in pumpkin growing as a competitive sport. It's a delightful reminder of how passion projects can lead to remarkable accomplishments, bringing joy to both participants and spectators alike.

Investors are feeling uneasy as reports of suspected loan fraud at two regional banks bring back memories of the Silicon Valley Bank collapse. This situation is particularly concerning for those already worried about credit risks in the banking sector. The retreat of regional banks could signal deeper issues within the financial system, making it crucial for investors to stay informed and cautious.

The latest Market Talk provides insights into key players in the Technology, Media, and Telecom sectors, including TSMC, Altice, and Meituan. Understanding these companies' movements is crucial for investors and industry watchers as they navigate the evolving landscape of these dynamic markets.

In the latest Market Talks, insights are shared on key players in the Technology, Media, and Telecom sectors, including TSMC, Altice, and Meituan. This roundup is important as it provides investors and industry watchers with a snapshot of market trends and developments that could influence future investments and strategies.

Gediminas Simkus, a member of the European Central Bank's Governing Council, has indicated that ongoing economic challenges could lead to further interest rate cuts in the near future. This is significant as it reflects the ECB's responsiveness to economic conditions, which could impact borrowing costs and economic growth across the Eurozone.

Global stock markets are experiencing a downturn as concerns over US regional banks escalate, leading to a significant rise in the VIX 'fear gauge' to its highest level since April. This decline in US futures and European indices reflects investor anxiety about the stability of the banking sector, which could have broader implications for the economy. It's a critical moment for investors to monitor, as these fluctuations may signal deeper issues in financial markets.

The FTSE 100 is experiencing its worst day since April, dropping 150 points in early trading, primarily due to concerns surrounding US regional banks. This decline reflects broader worries in global markets, which are also seeing a downturn. Investors are reacting to the instability in the banking sector, leading to a surge in gold prices as a safe haven. This situation is significant as it highlights the interconnectedness of global financial systems and the potential ripple effects on economies worldwide.