• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

3

The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
TechData Sheet

Data Sheet—Cisco Sees What Many Overlook: A Growing Tide of Homelessness in Silicon Valley

By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
By
Aaron Pressman
Aaron Pressman
and
Adam Lashinsky
Adam Lashinsky
Down Arrow Button Icon
March 27, 2018, 8:39 AM ET
Downtown San Jose, California in Silicon Valley
Looking east late afternoon in the winter, you can see San Jose State University just about dead center in the image. In the foreground are downtown hotels and the Plaza de Cesar Chavez Park. The domed structure in the center left is the city hall.Terryfic3D—Getty Images
Add Fortune on Google for similar content.

This is the web version of Data Sheet, Fortune’s daily newsletter on the top tech news. To get it delivered daily to your in-box, sign up here.

It is bonkers that the county at the heart of Silicon Valley has 7,400 homeless people. That’s right. The fabled plot of land from San Jose to Palo Alto connected by the 101 freeway and Interstate 280 has among the highest levels of wealth and smarts—and also, says tech giant Cisco Systems, the third-highest rate of chronic homelessness of any county in the country.

I didn’t know this. Anyone who has visited San Francisco, where I live, already knows the once beautiful city has descended into a hell hole of pathetic, disgusting conditions, a human tragedy, and as good an example of lack of political will as you’re likely to find anywhere. You can literally walk by a drug-addled, deeply ill person screaming at the top of their lungs on your way to a meeting at a multi-billion-dollar innovator like Uber and Twitter. I’ve done it many times.

The problem is just as bad down south, as city folks like me like to call “the Valley.” And Cisco, a decades-old company that may not be as sexy as San Francisco startups but has demonstrated it is built to last, is doing something about it. Monday it announced a $50-million grant to a San Jose organization called Destination: Home. The money will go toward building housing and, importantly, providing services to homeless people. Said Cisco CEO Chuck Robbins: “This is an investment in the place that has been so good to us as a company—the place where so many of us are fortunate not just to work, but to have a home.”

Robbins is passionate on the topic of corporations acting as a force for good in the world. Cisco focuses on helping communities far and wide since it does business far and wide. But it is particularly interested in its own backyard. More companies need to follow its lead.

Adam Lashinsky
@adamlashinsky
adam_lashinsky@fortune.com

NEWSWORTHY

Chinese buffet. A unit of iPhone manufacturer Foxconn is buying gadget maker Belkin for $866 million. Belkin makes an assortment of phone accessories and other add-ons, while selling networking gear under the Linksys brand and connected home tools labeled with its Wemo brand. The deal, still subject to regulatory approval, will "enrich our portfolio of premium consumer products and accelerate our penetration into the smart home," Sidney Lu, who runs Foxconn Interconnect Technology, says. The only question now is whether the Trump administration sees any "national security" interests in Wi-Fi routers or smart plugs.

Stiff upper lip. Walmart hired the executive who oversaw British retail giant Tesco’s successful grocery delivery push, Simon Belsham, to run its Jet.com site. Belsham replaces Liza Landsman, who recently left the company, as president of the e-commerce site that Walmart acquired for $3.3 billion in 2016.

Grand canyon of distrust. Arizona Governor Doug Ducey on Monday suspended Uber's self-driving car tests in his state in the wake of an accident that killed a pedestrian in Tempe. "My expectation is that public safety is also the top priority for all who operate this technology in the state of Arizona," Ducey said a letter to Uber CEO Dara Khosrowshahi. "The incident that took place on March 18 is an unquestionable failure to comply with this expectation."

Mellow money. Meditation app Calm, picked by Apple as the app of the year for 2017, raised $25 million in venture capital in a deal valuing the company at $250 million, CNBC reported. Founder Michael Acton Smith has credited the Trump presidency with helping fuel the growth of the app, which sells subscriptions to various audio programming related to sleep, relaxation, and focus. "Learning to be more mindful and relaxing and calming people has proved to be particularly popular this year," he told the network.

Pre-attack. With Apple prepping a big dog and pony show happening later today aimed at the education market, Google unveiled the first-ever tablet running its Chrome operating system. The $329 Acer Chromebook Tab 10 has an almost-10-inch touch screen and includes a small stylus.

Under attack. A bipartisan group of 37 state attorneys general sent a letter to Facebook demanding more information about the company's involvement with Cambridge Analytica and the misuse of data from millions of Facebook users. “Facebook has made promises about users’ privacy in the past, and we need to know that users can trust Facebook," the letter stated. "With the information we have now, our trust has been broken.” The Federal Trade Commission also confirmed on Monday that it has opened a "non-public investigation into these practices." And regarding yet another probe of the crisis, Facebook said Mark Zuckerberg would not testify before a British parliamentary committee about the matter.

FOOD FOR THOUGHT

The debate over the environmental impact of electric cars sometimes focuses on the amount of coal-generated electricity that powers them. But over time, the electric utility industry is moving to cleaner fuels, which in turn makes electric cars greener overall. David Reichmuth, senior engineer for clean vehicles at the Union of Concerned Scientists, explains the trend in a blog post with great interactive graphics.

Electric vehicles produce less emissions now because the electric grid is getting cleaner. Over the last ten years, the fraction of power from coal has fallen from nearly 50% to 30%. Over the same time, utility-scale renewable power like solar and wind power have grown to make up 10% of electricity generation.

This analysis relies on data from power plants for 2016, the most current data that includes details on the geographic location of emissions. However, based on the overall data on from 2017, it looks like emissions will continue to fall, with both coal and natural gas declining while renewable power continues to increase.

The falling emissions from electric power over the last decade also highlights the need to work to clean up electricity generation and transportation now. While we are moving in the right direction with renewable power and growing numbers of EV models, it takes time to replace existing power plants and gasoline cars. It’s vital that we accelerate the adoption of EVs, even if all power is not yet from renewable or low-carbon sources.

IN CASE YOU MISSED IT

Computer Tries to Understand the Movie Titanic in Tough Test of Artificial Intelligence By Jonathan Vanian

How Microsoft Could Reach $1 Trillion in Stock Market Value By Aaron Pressman

One in Five University Students Used Loan Money for Cryptocurrency Investments By Andrew Nusca

Twitter, Backed by Bitcoin Fan Jack Dorsey, to Bar Some Cryptocurrency Ads Starting Tuesday By Lucinda Shen

Steven Spielberg Doesn't Think Netflix Films Deserve Oscars By Emily Price

Why Walmart Is Testing Robots in Stores—and Here's What It Learned By Jonathan Vanian

A Rose Gold iPhone X May Be Coming By Emily Price

BEFORE YOU GO

The latest movie set in the Star Wars universe is turning into one of those hairy, scary Hollywood tales of moviemaking gone awry. Solo: A Star Wars Story is supposed to hit theaters in two months, but Hollywood is alive with chatter about problems in the making of the long-awaited Han Solo prequel. New York's Vulture blog dug into the hijinks that got original directors Phil Lord and Chris Miller fired. It's an entertaining read about two guys in way over their heads. And I thought you liked them because they were scoundrels.

This edition of Data Sheet was curated by Aaron Pressman. Find past issues, and sign up for other Fortune newsletters.
About the Authors
By Aaron Pressman
See full bioRight Arrow Button Icon
By Adam Lashinsky
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
NewslettersCIO Intelligence
How foodservice giant Sodexo is embracing AI and robotics to reshape the kitchen
By John KellJuly 1, 2026
14 hours ago
Anthropic CEO Dario Amodei
AIAnthropic
Anthropic’s AI models are back online after a two-week government standoff—settling the company and administration into a fragile truce
By Tristan BoveJuly 1, 2026
14 hours ago
Nikesh Arora, chief executive officer at Palo Alto Networks
SuccessJobs
CEO of $248 billion cybersecurity company says workers are about to face a ‘Darwinian moment’ thanks to AI: Evolve or get cut
By Emma BurleighJuly 1, 2026
16 hours ago
Current price of Ethereum for July 1, 2026
Personal FinanceEthereum
Current price of Ethereum for July 1, 2026
By Joseph HostetlerJuly 1, 2026
18 hours ago
In this photo illustration, a Cisco logo is displayed on a smartphone with Artificial Intellingence (AI) symbols in the background.
AICFO Daily
Cisco is rolling out AI agents to every single one of its 90,000 employees
By Sheryl EstradaJuly 1, 2026
18 hours ago
senate
CommentaryCongress
One rare bipartisan AI bill is moving through Congress. Here’s why it deserves to pass
By Neil Björkman and Betsy BrewerJuly 1, 2026
20 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
24 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
7 days ago
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
Newsletters
The Supreme Court's birthright citizenship ruling hands the U.S. economy a $7.7 trillion win
By Diane BradyJuly 1, 2026
22 hours ago
Current price of oil as of July 1, 2026
Personal Finance
Current price of oil as of July 1, 2026
By Joseph HostetlerJuly 1, 2026
18 hours ago
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
Success
Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
By Preston ForeJune 27, 2026
5 days ago
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
Success
Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place
By Sydney LakeJune 29, 2026
3 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.