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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Amazon Web Services has a new strategy to convince cloud customers to use its artificial intelligence chip rather than chips made by Nvidia: sharply undercutting Nvidia on price. A longtime AWS cloud customer said the company recently pitched them on renting servers powered by the chip, Trainium, that would give them the same computing power as Nvidia’s H100 chips at 25% of the price. Nvidia’s Hopper series of chips has... Read more ›
0
If the folks at Klarna ever decide to diversify from installment lending, they should give marketing a go. The Swedish company seems to be an expert in getting attention—and we’re not just talking about its frequent pronouncements about how it is using AI to cut costs. More to the point: Klarna’s announcement on Monday that it will become the exclusive provider of installment loans for OnePay, a payment app offered... Read more ›
0
Elon Musk’s xAI has acquired Hotshot, a text-to-video startup, according to a post on X made by Hotshot’s CEO and co-founder Aakash Sastry. Since its founding in 2023, Hotshot has developed three video-generating AI models called Hotshot-XL, Hotshot Act One and Hotshot. Those models and Hotshot’ ... Read more ›
0
Google is in talks to acquire the cybersecurity startup Wiz for $30 billion, The Wall Street Journal reported on Monday. The talks come less than a year after the two companies had previously discussed an acquisition but at a price of $23 billion. Wiz ultimately rebuffed that offer given ... Read more ›
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Liam Fedus, vice president of research in charge of post-training at OpenAI, is leaving the company, a company spokesperson confirmed. Fedus joined the company in 2022 from Google and was promoted to vice president last fall, amidst a wave of executive departures. As head of post-training, he ... Read more ›
0
Next month, a much-anticipated Federal Trade Commission trial against Meta Platforms is expected to kick off in a federal courtroom in Washington. If the government gets its way, the trial could end up forcing Meta to sell one or both of its most popular apps, Instagram and WhatsApp, but it will likely take months or years before that’s known. But the trial is already having an impact on how Meta... Read more ›
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The Walmart-backed fintech OnePay has struck a partnership with Klarna for the Swedish buy now, pay later firm to offer installment loans for shoppers at the retail giant, Klarna said Monday. OnePay, which was previously known as One, started testing its own buy now, pay later offering in some ... Read more ›
0
The unexpected popularity of Manus, a so-called computer-using AI that takes over a person’s web browser to execute tasks like travel booking and stock analysis, has put the Chinese startup behind it in a bind. The firm’s ability to meet demand for the product, also known as an agent, is limited both by its server capacity and, more importantly, by its operating costs. Manus uses Anthropic’s AI models and pays... Read more ›
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Amazon is planning to introduce a premium tier of hardware equipped with its Alexa voice assistant, in addition to the lower and mid-priced options it already sells, its top devices executive told Bloomberg. Panos Panay, who joined Amazon from Microsoft in 2023 to lead its devices division, said ... Read more ›
0
Software startup Rippling escalated its bitter rivalry with Deel dramatically on Monday with a lawsuit accusing the startup of corporate espionage. Rippling, represented by celebrity attorney Alex Spiro, said it found evidence that Deel’s executives had directed a “spy” to pass them information ... Read more ›
0
Google plans to work with a new firm to help design and produce some of its artificial intelligence chips: MediaTek. Google is preparing to team up with the Taiwanese firm on the next version of the chips, known as Tensor Processing Units, that would be produced next year, according to two people involved in the project. Read more ›
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Vice President JD Vance said Friday he expects the outlines of a deal that allows TikTok to continue operating in the U.S. will become clear by early April. “There will almost certainly be a high-level agreement that I think satisfies our national security concerns, allows there to be a distinct ... Read more ›
0
Crusoe, a startup behind part of OpenAI’s Stargate project, signed an agreement with the owner of gas turbines that would provide 4.5 gigawatts of power for data centers over the next two years, The Information reported. It’s an unprecedented amount of power that could run millions of Nvidia ... Read more ›
0
An Nvidia-backed startup building a massive data center for OpenAI has gained access to one of the largest new power sources for data centers in the U.S. The startup, Crusoe, said it struck an agreement with the owner of gas turbines that would generate 4.5 gigawatts of energy by 2027, an unprecedented sum that could power millions of Nvidia artificial intelligence chips. Crusoe is now trying to sell the data... Read more ›
0
Chinese search giant Baidu launched two new artificial intelligence models Sunday in an attempt to stay competitive after the rapid rise of DeepSeek. Baidu unveiled Ernie 4.5, the latest version of the company’s multimodal foundation models that understand text, image, audio and video, as well ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: Amazon’s retail chief shifts from Bezos era• Artificial Intelligence: Scale AI’s billionaire CEO eyes a grander stage in politics• Plus, our Recommendations: Death at 28,000 feet; a VC tells all; and an unapologetically twisty apocalypse show“It was like strapping on an Iron Man suit and flying around,” said Jon Stokes, co-founder of Symbolic AI. “I felt like Tony Stark—it was insane.” Stokes... Read more ›
0
Just a day before a major AI summit in Paris commenced last month, the event’s organizers made a sudden addition to the speaker lineup: Alexandr Wang, the 28-year-old billionaire co-founder and CEO of Scale AI, a startup that specializes in fine-tuning and assessing the quality of AI models for both private companies as well as the U.S. government. Wang spoke at a closed-door session requiring security clearance titled “Fuelling trustworthy... Read more ›
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How much money can AI save a business? That’s a hugely important question for businesses nowadays—uncertainty about the answer is holding up wider adoption of various new AI products, as we described on several fronts this week. (See this piece on Salesforce’s struggles in selling its new AI agent tool, and these other two stories on the same theme). And on this point, a securities filing by the installment lender... Read more ›
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Klarna eked out a slim $21 million profit last year after a series of annual losses following an international expansion into the U.S., according to the the Swedish buy-now, pay-later company’s prospectus filed on Friday Klarna, which is preparing to IPO on the New York Stock Exchange, also ... Read more ›
0
David Sacks, the White House artificial intelligence and crypto czar, and his venture firm Craft Ventures collectively have divested over $200 million of investments related to the digital asset industry, according to a memo released by the White House. Prior to the start of the current Donald ... Read more ›
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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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