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Silicon Valley Business Journal
OpenAI prioritizes transparency with GPT-4o
OpenAI released a report Thursday outlining the safety work and testing conducted prior to releasing GPT-4o in May. The report, also called GPT-4o System Card, details the end-to-end safety assessment meant to track and address safety challenges, according to the company’s post announcing the release of the document.<\p> “OpenAI worked with more than 100 external red teamers, speaking a total of 45 different languages, and representing geographic backgrounds of 29 different countries,” read the report.<\p>
Top of the List: Private Companies in Silicon Valley
With hundreds of high-tech public companies based in Silicon Valley, let’s take a look at our recent list.<\p> The largest Private Companies in Silicon Valley List garnered 115 responses, accounting for a combined revenue of of $37.2 billion and employing 17,579 people, locally.<\p>
IRS to pay out more tax credit claims. Here's when it will start.
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Too much of a good thing? This key sector has a glut of space
There may be no more stunning place than South San Francisco to view biotech's boom and bust.<\p> Soaring lab-and-office buildings constructed over the past decade speak to innovation and investor exuberance, particularly as life sciences companies stepped up to the challenge of Covid-19. But vacant space and empty fields with renderings of hoped-for projects whisper to real estate as a lagging indicator of biotech's multifaceted risks and broad current downturn.<\p>
High-speed rail agency hires new CEO
The search for the new CEO of the California High-Speed Rail Authority is over.<\p> The state agency announced Friday that its board of directors has hired Ian Choudri, former senior vice president of infrastructure consultancy firm HNTB, to replace CEO Brian Kelly, who will retire after six years of service.<\p>
Seller turns $14M profit with S.J. building deal
After three years of ownership, a Chicago-based real estate investment manager and partner secured the $63.6 million sale of a San Jose building. <\p> The 9.3-acre property was bought by Klein Investments Family Limited Partnership, according to records filed in Santa Clara County. The Newport Beach-based company has been active in the state since 1996, according to California Secretary of State's Office records. <\p>
Pezzella’s Villa Napoli closes, property sold
Vince Pezzella sold his restaurant lot in Sunnyvale, once home to Pezzella’s Villa Napoli, to JS Global Investments, LLC for $4.6 million on Aug. 1.<\p> The family run business shuttered its doors on June 22 after 68 years of serving the local community<\p>
Boston real estate firm buys Fremont industrial site
Longpoint, a Boston-based real estate investment firm has acquired a 122,168 square-foot, three-building light industrial portfolio in Fremont for $31.5 million. The project, known as the Silicon Valley Industrial Portfolio, is Longpoint’s first in the Bay Area.<\p> “This well-located, highly functional industrial portfolio complements our strategy of investing in properties situated within flourishing markets that have long-term value and growth potential,” said Dwight Angelini, co-founder and managing partner at Longpoint. “We are excited for the future expansion and investment opportunities for our logistics portfolio and operations in this market.”<\p>
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