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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Cohere, one of the earliest venture-backed developers of artificial intelligence models, has grown significantly in the last year, despite competition from OpenAI and Anthropic and the proliferation of cheap, open-source alternatives like DeepSeek. Annualized revenue hit $70 million at the start ... Read more ›
0
This is what passes for news nowadays? On Monday, Apple grabbed plenty of headlines with its claim that it will “spend and invest more than $500 billion in the U.S. in the next four years.” That sounds like a big deal—until you read further down in the announcement and realize it’s simply describing the money Apple spends in the normal course of business. That’s right—Apple’s announcement was essentially a promise... Read more ›
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OKX, one of the world’s largest and oldest crypto exchanges, pleaded guilty on Monday to charges by the U.S. that it operated an unlicensed money transmitting business. The exchange agreed to forfeit $420 million and pay a fine of $84 million, the U.S. Justice Department said. The ... Read more ›
0
The Trump Administration told agency leaders Monday that they could ignore statements from billionaire Elon Musk that federal employees will lose their jobs if they don’t send an email by late tonight detailing what they accomplished last week. According to the Washington Post, the Office of ... Read more ›
0
Pronto, a seven-year-old startup co-founded by Anthony Levandowski, one of the founders of Waymo, said Monday it reached an agreement to use its autonomous driving technology on 100 trucks operating at Heidelberg Materials’ sites around the world over the next three years. Pronto designs the ... Read more ›
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Rival crypto exchanges are stepping in to shore up the finances of the world’s third biggest exchange, Bybit, after hackers stole $1.4 billion from the firm last week. In doing so, the crypto industry is hoping to calm investor worries that the hack could lead to another FTX-like implosion. Several exchanges, including Bitget and MEXC, have made emergency loans to Bybit to replenish tokens lost in the hack so Bybit’s... Read more ›
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Anthropic on Monday released its latest artificial intelligence model, Claude 3.7 Sonnet, and Claude Code, a coding assistant that aims to compete with similar products from Anysphere and Replit. Those companies’ coding assistants are powered by Anthropic software, meaning that Anthropic is ... Read more ›
0
You don’t have to look far to find examples of artificial intelligence startups fetching wild valuations, as some in-the-works deals for robotics and startups founded by OpenAI alumni have shown. But such examples obscure changes in how investors are valuing AI startups. The biggest developers of foundation models, such as OpenAI and Anthropic, are now cheaper than they were a year ago, based on their valuations as a multiple of... Read more ›
1
Microsoft said its plan to spend $80 billion on data centers in the fiscal year that ends in June “remains on track” despite a report from the investment firm TD Cowen on Friday saying the company was cancelling leases with data center operators. The report did not specify when the leases were ... Read more ›
0
Cohere, one of the earliest venture-backed developers of artificial intelligence models, has faced plenty of headwinds in the last two years. The company has been under threat from better-funded competitors like OpenAI and Anthropic and faces competition from cheap, open-source alternatives like DeepSeek.In spite of all that, the company is still growing at a decent clip, though its business remains tiny compared to those of its competitors. Annualized revenue hit... Read more ›
0
Salesforce announced it had picked Google Cloud as a major cloud provider, in addition to Amazon Web Services, after negotiations that also encompassed Microsoft and Oracle. The deal gives Salesforce customers to use Google’s Gemini artificial intelligence models to build Salesforce-branded AI ... Read more ›
0
Just over a year ago, Brex had the makings of the latest Silicon Valley trainwreck. The corporate credit card startup was blowing through the billions in venture capital it had raised. Growth had slowed, competition increased and its valuation had tumbled. Brex named its 28-year-old cofounder Pedro Franceschi as sole CEO. He launched a turnaround, preaching a new less-is-more, command-and-control ethos to stem the bleeding. His cofounder and face of... Read more ›
0
Alibaba Group said Monday it plans to invest at least 380 billion yuan ($53 billion) over the next three years in cloud computing and artificial intelligence infrastructure. The amount is larger than the company’s total cloud and AI spending over the past decade. Alibaba is betting on the ... Read more ›
0
Apple has long-term plans to integrate its new in-house modem into its iPhone processor, Bloomberg reported Sunday. The move, which could happen as early as 2028, could make the iPhone more energy efficient and further reduce its costs, the report said. Modems typically have their own processors ... Read more ›
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Elon Musk told federal workers Saturday to detail their achievements for the last week or risk losing their jobs. In a post on X Saturday, Musk said federal employees would “receive an email requesting to understand what they got done last week,” adding that “failure to respond will be ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: How Apple and Qualcomm share tech’s rockiest marriage • Policy and Safety: New push for safety laws could lift parents fatigued by tech worries• The Top 5: Silicon Valley’s favorite snow toys • Shopping: Tech’s winter it item? The humble woolen ski sweater• Plus, our Recommendations: The podcast disassembling “Severance”; a godfather who gets another life; and the Hilary Duff show you... Read more ›
2
For decades, skiers and snowboarders have seen the techiest, most highly engineered synthetic fabrics as the pinnacle of alpine function and fashion—a sentiment held with particular vehemence by the hordes of snowsports enthusiasts who stream out of the Bay Area each weekend for places like Palisades Tahoe and Heavenly. These days, though, one of the hotter items on the slopes is the traditional knitted wool ski sweater. The humble and... Read more ›
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Clint and Pam Legaspi tried to take a balanced approach when introducing their now-12-year-old daughter to technology. Her first device was an educational LeapPad tablet, not an iPad. Later, they ignored her requests for an iPhone and instead gave her an iPod Touch, but only after carefully curating its apps: giving her access to Pinterest, Messenger Kids and Roblox but not TikTok, Instagram or Snapchat. When her Bay Area elementary... Read more ›
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In between the Crypto Finance Conference and the World Economic Forum last month, a group of investors and founders enjoyed a busy few days in St. Moritz. They networked, and they enjoyed a fireside chat with venture capitalists Bill Tai and Daniel Gutenberg. For play, rather than ski, snowboard or shvitz in a sauna, they snow kited. Snow kiting is a mix of kitesurfing, water skiing and snow skiing. Riders... Read more ›
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Welcome to the official start of crypto’s regulatory vacuum. That’s the state we’re in now that the Securities and Exchange Commission has decided to drop its long-running lawsuit against Coinbase (according to Coinbase, at least—we’ll have to wait until the SEC confirms the news after a commission vote).It seems the top financial cop is pressing the pause button on enforcing decade-old securities rules as they relate to crypto, as it... Read more ›
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Most popular sources
Business Insider
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24% 21 |
Gizmodo
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9% 9 |
Wired
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8% 6 |
Tom's Hardware
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7% 23 |
Engadget
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7% 6 |
| View sources » | |
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11.11.2025 01:50
Last update: 01:45 EDT.
News rating updated: 08:41.
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