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Elon Musk is putting his money where his mouth is. In a securities filing on Friday, Tesla disclosed a new stock award for its CEO worth as much as $1 trillion. It hinges entirely on Musk’s ambitious claims that his focus on humanoid robots and robotaxis will turn Tesla into “the most valuable company in the world by far,” as he has often said. It’s not crazy to imagine Tesla passing everyone else, although it has some ways to go: Its current market capitalization of $1.1 trillion compares with market lead
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The Information
At a White House dinner Thursday night, America’s tech executives put on an uncanny display of fealty to Donald Trump. Read more ›
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President Donald Trump said the so-called Department of War branding is to counter the “woke” Department of Defense name. Read more ›
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"This, in fact, was the largest single-site enforcement operation in the history of Homeland Security investigations," a DHS official said. Read more ›
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Elon Musk's $1 trillion Tesla pay package requires finding a successor, which could be a tall order for a brand so tied to its CEO. Read more ›
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Tesla’s board wants to give Elon Musk an unprecedented $1 trillion pay package. To get all the money, he has to make robots and robotaxis work. Read more ›
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Anthropic will pay at least $3,000 for each copyrighted work that it pirated. The company downloaded unauthorized copies of books in early efforts to gather training data for its AI tools. Read more ›
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In what’s potentially the first major payout to creatives whose work was used to train AI systems, Anthropic has reached an agreement to pay “at least” a staggering $1.5 billion, plus interest, to authors to settle its class-action lawsuit. The amount breaks down to smaller payouts expected to be approximately $3,000 per book or work. Lawyers […] Read more ›
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A Delaware judge successfully challenged Musk's previous package. The result? It's even easier now for companies to pay execs massive compensation. Read more ›
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Mark Zuckerberg has certainly come a long way in his relationship with President Donald Trump. Almost exactly a year after the president threatened the Meta CEO with imprisonment, the two sat side-by-side at a White House dinner, alongside numerous other tech CEOs.The nearly three dozen CEOs and execs in attendance took turns praising and thanking Trump. But Zuckerberg's comments were especially notable. In one moment that was widely shared on... Read more ›
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The Pentagon called the move, which occurred in international waters, "highly provocative" and said it was meant to interfere with operations. Read more ›
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“It’s almost impressive how incorrect he’s able to be about an article he’s looking directly at," one expert said. Read more ›
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Donald Trump's Big Tech dinner included guests Mark Zuckerberg, Bill Gates, Tim Cook, and Sam Altman. Let's examine the seating chart. Read more ›
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US officials said a deadly strike on a suspected drug boat in the Caribbean Sea this week marks the start of a new campaign. Read more ›
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This story appeared in The Logoff, a daily newsletter that helps you stay informed about the Trump administration without letting political news take over your life. Subscribe here. Welcome to The Logoff: The Bureau of Labor Statistics released its monthly jobs report this morning, and the numbers aren’t looking good for the US economy, or President Donald […] Read more ›
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Melania Trump, who remained an enigmatic figure during President Donald Trump's first term, continues to keep a low profile during his second. Read more ›
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Connections is a New York Times word game that's all about finding the "common threads between words." How to solve the puzzle. Read more ›
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The Information
Google is one of the largest buyers of Nvidia’s artificial intelligence chips, which it rents out to Google Cloud customers such as OpenAI and Meta Platforms. But Google’s grand ambitions for its own competing AI chips show no sign of slowing down. In the latest example, Google recently approached small cloud providers that primarily rent out Nvidia chips about also hosting Google’s AI chips in their data centers, according to... Read more ›
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KKR is bringing on former Amazon Web Services boss Adam Selipsky as a strategic advisor to bolster the private equity firm’s big bets on data centers and the technical infrastructure powering artificial intelligence. Selipsky will advise on strategy, capital allocation and governance for KKR’s ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Finally! An explanation of what the Musk-Altman legal feud really means• The Arena: Can the metaverse and TikTok help tennis connect with young fans?• Plus, our Recommendations: “The Rise and Fall of Indie Sleaze,” “Anointed” and “Alien: Earth” Generally speaking, humans communicate with each other through words. As for artificial intelligence, we’re still figuring out exactly how it can communicate, and—well, it’s... Read more ›
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A small cloud provider for artificial intelligence that’s preparing to go public has secured a major boost from its most important supplier: Nvidia. The chip giant agreed this summer to rent 10,000 of its own AI chips from the cloud firm, Lambda, for $1.3 billion over four years, and a separate $200 million deal to rent 8,000 more Nvidia chips over an unspecified time frame, according to a person with... Read more ›
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Even as StubHub makes a renewed push to go public, its business isn’t expanding as quickly as it had hoped. In the first half of this year, the ticketing app fell short of revenue and profit projections it shared with lenders earlier this year, in part due to new U.S. ticket pricing rules. The shortfall highlights the volatile nature of the ticketing industry, which is heavily dependent on the flow... Read more ›
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Nasdaq is stepping up its scrutiny of companies listed on its exchange that are aiming to get a stock price boost by raising money to buy and hoard crypto, according to company filings and people familiar with the matter. The exchange’s move could slow the crypto boom that is putting increasingly exotic tokens on mainstream markets. The stock exchange, where the vast majority of crypto stocks are trading, is requiring... Read more ›
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U.S. tech merger activity is headed for its best year since 2021—driven in part by enterprise software and other older tech companies acquiring artificial intelligence startups to beef up their AI offerings. So far this year, U.S. software companies have spent nearly $33.8 billion on 140 completed AI acquisitions, surpassing the combined volume of the past three years, according to data provider PitchBook. During the same period, U.S. companies have... Read more ›
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Lambda, a cloud provider that rents out Nvidia graphics chips for artificial intelligence, has hired investment banks to prepare for an initial public offering in the U.S., according to people with direct knowledge of the talks. The San Jose, Calif.-based startup has hired Morgan Stanley, J.P. Morgan and Citi to prepare for a listing as soon as the first half of next year, the people said. The 13-year-old company is... Read more ›
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OpenAI could spend $10 billion next year on the artificial intelligence chip it is co-designing with Broadcom, according to a report in The Financial Times. The report indicated that mass production of OpenAI’s chip would begin next year. During Broadcom’s earnings call on ... Read more ›
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We’re in the midst of an M&A boom—for artificial intelligence startups. Among the latest: Nvidia last month bought Solver, according to a person with direct knowledge of the deal. The three-year-old startup formerly known as Laredo Labs has developed an AI coding agent that completes software development tasks for users. The company raised $8 million in financing from investors including Radical Ventures and Horizons Ventures. The Solver purchase is just... Read more ›
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Most popular sources
Wired
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26% 20 |
Business Insider
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25% 6 |
Gizmodo
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9% 1 |
Tom's Hardware
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5% 3 |
MacRumors
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5% 2 |
| View sources » | |
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06.09.2025 01:46
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