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 ›
81
The U.S. Securities and Exchange Commission is set to drop its lawsuit against Ripple, Ripple CEO Brad Garlinghouse said on X, ending a landmark enforcement case by the regulator. The lawsuit, filed in December 2020 at the tail end of the first Trump administration, was the first ... Read more ›
0
Elon Musk’s X has raised nearly $1 billion in new equity at a valuation of about $32 billion, Bloomberg reported. Musk bought extra shares in the round himself, the report said. The fundraising gives X funds to pay down its $13 billion in debt, reducing its heavy interest expense. The ... Read more ›
0
Jensen Huang turned Nvidia into the third most valuable company in the world by designing chips that were way ahead of their time. But Huang’s remarks on Tuesday suggest he’s pulling far ahead of some customers, and the growing gap between what he’s selling and what they’re buying could spell trouble.In his keynote speech at the GTC developer conference, Huang talked about Rubin, Nvidia’s latest server chip for artificial intelligence... Read more ›
0
As Google attempts to catch up to OpenAI’s ChatGPT, its DeepMind artificial intelligence unit is in a near constant state of flux. Two years after Google merged its two AI units to form Google DeepMind, the unit’s chief, Demis Hassabis, has expanded his purview by adding numerous other teams. He has added oversight of Google’s Gemini chatbot, Google’s AI studio team, which creates software for developers building apps using Gemini,... Read more ›
8
Grab Holdings, a Singapore-based ride-hailing and food- delivery company operating across Southeast Asia, is moving ahead with its attempt to take over Indonesian competitor GoTo Group, Bloomberg reported Tuesday. Grab, GoTo and their shareholders are assessing the structure and value of a deal, ... Read more ›
0
Elon Musk’s X has been valued at $44 billion by a deal where investors sold existing stakes in the business to other investors, The Financial Times reported. The valuation is in line with the price of X, then called Twitter, in Musk’s debt-backed takeover of the company in 2022. Since then, ... Read more ›
0
If at first you don’t succeed, try offering more money. That’s the strategy Google employed to ink its $32 billion deal to acquire cloud cybersecurity startup Wiz, which the two companies announced today. The deal reemerged from the ashes this week after Wiz last summer rejected a $23 billion bid from Google, deciding that it preferred to remain independent and pursue an IPO. I’m told that Google never gave up... Read more ›
0
Amazon-backed autonomous vehicle company Zoox applied for a permit with Nevada’s Department of Business and Industry to charge passengers for rides within the state, according to Terry Williams, a spokesperson for the department. Zoox filed the application, which is under review, in mid-January, ... Read more ›
0
President Donald Trump has fired the two Democratic commissioners on the five-member Federal Trade Commission, a White House spokesperson confirmed. It’s been nearly 100 years since a president ousted an FTC commissioner over political differences. The Trump administration has been vocally ... Read more ›
0
Two astronauts, Suni Williams and Butch Wilmore, splashed down off the coast of Florida after an unexpectedly long, nine-month stay on the International Space Station. The duo made their return to earth, along with two other astronauts, aboard a SpaceX Dragon capsule. Last June, Williams and ... Read more ›
0
A federal judge ruled Tuesday that Elon Musk’s push to shutter the United States Agency for International Development “likely violated the United States Constitution in multiple ways.” The ruling, handed down by Judge Theodore D. Chuang in U.S. District Court in Maryland, served as a strong ... Read more ›
0
It’s still murky, but the bidding process for TikTok is beginning to come into focus. Last week, my colleagues reported Oracle was the lead contender among a group of bidders. Today I have more details about one of them—Reid Rasner, a Wyoming entrepreneur, who last month said he was making a bid worth more than $47 billion for TikTok’s U.S. business. Rasner, who is CEO and founder of wealth management... Read more ›
0
Nvidia on Tuesday unveiled a slew of new software for robotics, including a simulator it made with Disney and Google’s help, during its annual conference for software and hardware developers. The announcements aim to catalyze the development of robots with software powered by Nvidia’s artificial ... Read more ›
0
For Silicon Valley venture capitalists dealing with overpriced bets made during the low-interest rate period, Rippling and Deel have been bright spots. The San Francisco HR rivals passed new revenue milestones and minted higher valuations—great news for investors who poured a combined $2 billion into both startups. By some measures, Deel’s investors have had the most to crow about. Deel, the six-year-old startup valued at $12.6 billion in February, passed... Read more ›
12
Database provider Snowflake has hired Mike Blandina, a former JPMorgan Chase & Co. executive, to serve as its new chief information officer, according to a company spokesperson. Blandina, formerly CIO of payments at JPMorgan, is taking over for Sunny Bedi, who has served as Snowflake’s CIO ... Read more ›
0
One of the most underappreciated applications of artificial intelligence in the corporate world involves its role in writing performance reviews.Take Moderna, the pharmaceutical giant. Late last year, Brice Challamel, its vice president of AI products and platforms, noticed a trend: ChatGPT usage by the pharmaceutical firm’s employees spiked every quarter, around the time managers conduct performance reviews. Staff appeared to use ChatGPT to write both their self-evaluations and those of... Read more ›
4
Congressman John Moolenaar on Tuesday said a deal that keeps ByteDance in control of TikTok would “directly violate the law,” in an opinion piece for the National Review. “The law is clear: any deal must eliminate Chinese influence and control over the app to safeguard our interests,” Moolenaar, ... Read more ›
0
Every few months, a new acronym takes hold among artificial intelligence researchers.The latest one gaining steam is MCP, or model context protocol, an open source software Anthropic released in November. It’s a software standard that, if widely adopted, would help large language models of any kind access external data sources and tools, such as a website or database. Developers have described MCP as a kind of “universal translator” for models... Read more ›
1
Amazon has become one of the biggest advertising businesses thanks to merchants promoting their wares in search ads on Amazon’s e-commerce site. Now Amazon has set its sights on becoming the conduit for advertisers to buy ads everywhere on the internet, not just on websites it controls. To get there, Amazon has lately offered incentives for advertisers to shift their ad spending to its ad buying platform from rival services... Read more ›
0
Google will acquire the cybersecurity startup Wiz for $32 billion, the companies announced Tuesday. The deal comes less than a year after the companies discussed an acquisition for $23 billion, but those talks stalled last summer over concerns that regulators might block the transaction. Wiz, ... Read more ›
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Most popular sources
Business Insider
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24% 19 |
Tom's Hardware
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10% 23 |
Mashable
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10% 7 |
Eurogamer.net
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6% 4 |
Slashdot
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6% 4 |
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10.11.2025 11:25
Last update: 11:21 EDT.
News rating updated: 18:22.
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