Paul Kiernan

California-based companies have announced a record haul in startup funding, despite billionaire-tax fears.

Silicon Valley's unrivaled concentration of AI workers, companies and investors keeps the money flowing. - carlos barria/Reuters

California is in the midst of a record-shattering investment wave, fueled by the artificial-intelligence boom in Silicon Valley.

Investors have plowed a record $366 billion in venture-capital funding into the state amid the AI boom.

The state made it easier to file civil claims over decades-old abuse, but critics say the law lacks limits that would rein in fraud and high costs.

Los Angeles County has begun paying up to 11,000 people nearly $5 billion to settle decades-old claims of childhood sex abuse at foster homes and juvenile-detention centers.

Lawmakers balk at Newsom’s proposal to limit utilities’ wildfire liabilities, sending shares down sharply.

A last-minute bid by California Gov. Gavin Newsom to reduce electric utilities' wildfire liabilities failed in the state legislature after an outcry from survivors.

In Surprise Twist, California Lawmakers Fail to Pass Watered-Down Wildfire Bill

A California wildfire bill aimed at paying survivors faster and limiting compensation for executives at electric companies that ignite destructive infernos unexpectedly died in the state legislature Tuesday.