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 paid around $1 billion to secure creative control of the James Bond franchise, according to a person familiar with the matter. The news was first reported by Deadline. Yesterday, Amazon MGM Studios announced a deal to form a new joint venture with Barbara Broccoli and Michael G. Wilson, ... Read more ›
0
New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor. The company has told investors in recent weeks that it expects Stargate, the fledgling data center expansion project to be heavily financed by SoftBank, to support three-quarters of the computing power it will need to run and develop its AI models by 2030. That would represent... Read more ›
5
Apple is withdrawing its iCloud security feature, Advanced Data Protection, from the UK market rather than comply with the UK government’s demands that the company build a “backdoor” in the system so the government could bypass Apple’s encryption to see user data, various news outlets reported. ... Read more ›
0
Coinbase, the biggest U.S. crypto exchange, said it has reached an agreement with staff at the Securities and Exchange Commission to dismiss its lawsuit accusing the company of running an illegal securities exchange. Coinbase stock rose 2.2% Friday morning. The plan is subject to approval by the ... Read more ›
0
There are companies that dislike each other. And then there’s Apple and Qualcomm. The world’s most powerful consumer electronics and wireless chip companies have long maintained one of the unhappiest marriages in tech. Over the past 15 years, the vast majority of iPhones have contained a Qualcomm modem chip that allowed those devices to connect wirelessly to cellular networks. But it has long stuck in Apple’s craw that it has... Read more ›
0
Disney’s ESPN and Major League Baseball announced on Thursday that they have elected to opt out of their current media rights agreement, another sign that traditional TV companies are being forced to be choosier with which expensive sports rights they pursue as cable TV revenues continue to ... Read more ›
0
Uncertainty about the economic impact of President Donald Trump’s trade policies is dampening expectations for how consumer spending will hold up this year. Just look at Walmart, which today projected that its revenue growth this fiscal year would slow to between 3% and 4%, compared with 5% for the year that ended Jan. 31, 2025. Executives used variations of the word “uncertain” five times on a call with analysts. And... Read more ›
18
Special purpose vehicles are now a mainstay in venture capital, showing up in some of the biggest deals in artificial intelligence, from OpenAI to Anthropic, as a flexible way to raise cash from a larger pool of investors.Now fund managers are considering using SPVs to fund a huge new round for Figure AI, a three-year-old startup that builds humanoid robots, I’ve learned. Read more ›
0
Energy drink maker Celsius said it planned to acquire competing brand Alani Nu in a deal valued at $1.8 billion, the latest transaction involving a big beverage company snapping up a fast-growing younger brand. Celsius shares jumped more than 29% in aftermarket trading. Founded in 2018 by ... Read more ›
0
A group of powerful bank lobbying groups wrote a letter Thursday urging federal banking regulators to rescind or substantially revise policies that the group said hindered banks’ ability to offer crypto-related services. The letter, addressed to crypto and AI czar David Sacks, said banks shouldn ... Read more ›
0
Activist investor Ryan Cohen has built up a $1 billion stake in Chinese e-commerce giant Alibaba, the Wall Street Journal reported Thursday. Cohen’s investment was built up over the past two years, a period when Alibaba stock has been in the doldrums, although it has recently perked up. Cohen, ... Read more ›
0
Facebook wants to be cool again—and it plans to revamp itself in large part by leveraging creators, as my colleague Sylvia and I detailed in a story on Thursday. Facebook staffers have been talking to the teams of prominent YouTubers including MrBeast and former NASA engineer Mark Rober to get their feedback on how to make the app better for creators, according to a person with direct knowledge of the... Read more ›
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The Federal Trade Commission has launched a public inquiry into whether technology platforms “censor” users by denying access to services based on “the content of their speech or affiliations,” the agency announced Thursday. It’s the latest sign of how the Trump administration is pressuring tech ... Read more ›
0
Klaviyo announced the launch of customer service features for e-commerce merchants on Thursday, marking a significant expansion for the software firm, which mainly sells software for small businesses to send marketing emails and text messages to shoppers. The new features will allow websites to ... Read more ›
0
YouTube is testing a cheaper version of its paid, ad-free YouTube Premium service, the company confirmed. It’s unclear what the price of this cheaper tier will be, while YouTube Premium is priced at $13.99 per month. The news was first reported by Bloomberg. In a statement, a YouTube ... Read more ›
0
Kleiner Perkins is leading an investment round into Codeium at a nearly $3 billion valuation, including the capital, according to two sources with direct knowledge of the matter. The deal comes just months after the coding assistant startup raised at $150 million a $1.25 billion valuation and ... Read more ›
0
TikTok told employees Thursday that it is planning to make cuts to its global trust and safety team, according to two people with knowledge of the situation. The internal announcement comes a week after CEO Shou Zi Chew hinted at the possiblity of cuts during an all-hands meeting for ... Read more ›
0
It’s now common to hear CEOs talk about how they’re using artificial intelligence to cut costs. But here and there some are poking holes in their peers’ rosy statements. Airbnb CEO Brian Chesky, for instance, said on the company’s earnings call that AI-powered coding assistants haven’t led to a “fundamental step change in productivity yet.” Read more ›
0
Figure Markets, a crypto startup led by SoFi Technologies co-founder Mike Cagney, said it is launching an interest-bearing stablecoin available for retail investors in the U.S., the first in the industry, after successfully registering the product with the Securities and Exchange Commission. ... Read more ›
0
Salesforce CEO Marc Benioff has long been a vocal critic of Microsoft. A couple of years ago, he accused the company of violating antitrust laws in how it sells software bundles. More recently, he has slammed its artificial intelligence chatbot for giving inaccurate responses and being difficult to use. But that history hasn’t stopped Salesforce from including Microsoft in negotiations it is having with several cloud providers—also including Google and... 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
|
8% 6 |
Tom's Hardware
|
7% 23 |
Engadget
|
7% 6 |
| View sources » | |
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11.11.2025 01:51
Last update: 01:45 EDT.
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