Facebook has designated $150 million of its $1 billion Catalyst Housing Fund to build 2,000 homes for those on low-incomes. It said projects can begin requesting money from the fund from today.
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Microsoft has bought 65 acres of land in San Jose, the economic center of Silicon Valley. The company has indicated that the site will help in widening its reach in cloud and internet tech.
The drive to offer gigabit service continues to grow with major internet service providers. Comcast, via its Xfinity service, plans to have 15 cities offering ultra-fast internet speeds in 2017.
