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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
Ilona Limonta-Volkova purchased rental properties in Louisville and renovated them, ultimately achieving positive cash flow. Read more ›
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Nvidia CEO Jensen Huang said that China will win the AI race because of its abundance of power and the fact that the U.S. is losing out on the chance for its hardware to become the standard tool that Chinese AI developers use. Read more ›
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The T-Mobile late fee is now $10, an increase we knew was coming but wanted to remind you of. The fee went live November 1 and is the likely amount you’ll pay should you pay your bill late. The new fee was quietly confirmed last month, with a go-live date of November 1. The fee … Continued Read the original post: Reminder: Your T-Mobile Late Fee is Now $10 Read more ›
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Meta is making billions of dollars every year from ads marketing scams and illegal products on its platform, according to a new report from Reuters. The report details the staggering numbers behind scam ads on Meta's platform, and raises fresh questions about why the company has failed to get the problem in check. Last year, Meta estimated that scam ads could account for as much as 10 percent of its... Read more ›
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President Trump promised to lower the cost of Ozempic to $150. Mark Cuban says he's working from the same playbook as Cost Plus, giving consumers transparent prices. Read more ›
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Generative AI is a powerful new tool for fraudsters trying to sell fake products, TikTok Shop's governance leader Nicolas Waldmann said. Read more ›
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Tesla shareholders are hours away from deciding the fate of Elon Musk's $1 trillion pay package, and whether Tesla should explore an xAI investment. Read more ›
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Venture capitalist David Sacks, who is serving as President Donald Trump's AI and crypto czar, said Thursday that there will be "no federal bailout for AI." From a report: "The U.S. has at least 5 major frontier model companies. If one fails, others will take its place," Sacks wrote in a post on X. Sacks' comments came after OpenAI CFO Sarah Friar said Wednesday that the startup wants to establish... Read more ›
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JPMorgan CEO Jamie Dimon also said leaders need to "weed out" those who aren't honest or upfront. Read more ›
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The stars of Roger Corman's never-released 1994 film look back on what could've been as part of their cameos in 'Fantastic Four: First Steps.' Read more ›
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Hussain Sajwani, an associate of President Donald Trump, is linked to the purchase of the Amadea, which the US seized from a Russian oligarch in 2022. Read more ›
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Goldman' class of 638 new managing directors represents a 5% increase from its previous cohort. Check out every name of the new promotes here. Read more ›
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The FBI has subpoenaed popular Canadian domain registrar Tucows, demanding information about the owner of archive[dot]today, a popular archiving site used to bypass paywalls and avoid sending traffic to original publishers. The subpoena states it relates to a federal criminal investigation but provides no details about the alleged crime. Archive.today posted the document on X the same day. The site, also known as archive.is and archive.ph, started in the early... Read more ›
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Meta Platforms CEO Mark Zuckerberg and his wife, Priscilla Chan, are restructuring their philanthropy, the Chan Zuckerberg Initiative. The charity on Thursday said it would now focus on using artificial intelligence to research disease and combine its scientific teams into a new organization, ... Read more ›
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Nintendo has released a new store app on Android and iOS giving users the ability to purchase hardware, accessories, and games for the Switch and Switch 2. When I open my phone and scroll down to the N's, I get a neat, full row dedicated entirely to Nintendo. That's four apps: the Switch app, the […] Read more ›
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When President Donald Trump won the 2024 election, many American voters wanted immigration reduced, and Trump quickly complied. He boosted funding for immigration enforcement, opened new detention centers, and pushed more Immigration and Customs Enforcement, as well as Customs and Border Patrol troops, into US cities. While American disapproval of immigration was key to Trump […] Read more ›
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The Information
Norway’s sovereign wealth fund plans to vote against Tesla’s proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was “concerned about the total size of the award, dilution, and lack of mitigation of key person risk.” The ... Read more ›
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Before we get to today’s column, OpenAI is continuing its trend of diversifying its cloud compute providers away from Microsoft. Monday morning, the ChatGPT maker announced that it has signed a seven-year, $38 billion cloud deal with Amazon Web Services. OpenAI will immediately start using compute from AWS, with the goal to deploy all capacity before the end of next year, with the option to use even more compute into... Read more ›
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Stock market investors fell in love with crypto this year, setting off a big rally in public markets. Now the buying frenzy has rebounded back to privately held companies like crypto exchange Kraken and payments firm Ripple, whose valuations have soared. Kraken, one of the oldest crypto exchanges, is raising money at a $20 billion valuation, according to a person familiar with the matter, after getting $500 million in new... Read more ›
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OpenAI’s revenue could reach $100 billion in 2027, Sam Altman said on a podcast published Friday with Altimeter Capital and OpenAI investor Brad Gerstner. Altman said the ChatGPT maker was already “doing well more revenue,” than $13 billion, an apparent reference to its annualized pace, which ... Read more ›
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One August morning, Kaarage woke up and took the train from the Japanese countryside into the city. She went to a restaurant and enjoyed a lunch of vegetables and soup, as well as an iced coffee. Afterward, she studied a musical score on her iPad, then went home to relax. Kaarage is not a person: She’s an internet-beloved Moflin, an AI-powered robopet made by Casio—yes, Casio—who shares a charming, bucolic... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Inside Benchmark’s high-stakes pressure test • Artificial Intelligence: The VCs who turned vibe code into whimsical passion projects• Artificial Intelligence: Venerable Casio’s surprise hit? An AI robopet • WTF: Behind the scenes at our summit for the most powerful and influential women in tech, media and finance • The Arena: WNBA owner Clara Wu Tsai has a $1 billion plan• Plus, our... Read more ›
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France threatened to ban Shein from selling products in the country after a consumer protection regulator said in a statement it had discovered the fast-fashion giant was selling sex dolls “with a childlike appearance.” France’s economic minister Roland Lescure said Monday that the government ... Read more ›
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Travel software firm Navan, which weathered a pandemic, name change and government shutdown on its path to an initial public offering, had a disappointing start as a public company. Shares fell 20% on the first day. Its earliest investors still made big gains on paper though. Investor Oren Zeev and his affiliated funds, which invested $150 million starting with Navan’s seed round in 2015, had about a $1 billion stake... Read more ›
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In less than a year, AI-assisted coding has become a fixation within Silicon Valley, which sees the companies building such products as some of the most lucrative startups in tech. While tools like Cursor and Anthropic’s Claude Code can’t transform techno novices into app-building wizards overnight, they do make coding faster—and easier for people who have some knowledge of coding but don’t have the same skill as a veteran engineer.... Read more ›
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Last year, Benchmark, the storied venture capital firm, embarked on a lavish courtship of Brendan Foody, founder and CEO of Mercor, a startup that fills a lucrative niche in AI by hiring workers to train AI programs. First, General Partner Victor Lazarte chatted with Foody over Zoom. Then Peter Fenton, the firm’s longest-tenured active GP, took Foody out on his helicopter for a tour around San Francisco. And finally, Benchmark’s... Read more ›
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Most popular sources
Business Insider
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27% 9 |
Tom's Hardware
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12% 10 |
Gizmodo
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7% 0 |
Mashable
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6% 4 |
The Verge
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6% 2 |
| View sources » | |
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06.11.2025 16:31
Last update: 16:25 EDT.
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