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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Uber has accused DoorDash of engaging in unfair practices by threatening to charge restaurants higher fees if they work with both apps to deliver food to consumers, according to a lawsuit Uber filed Friday in a California state superior court. Uber, which operates Uber Eats food delivery, ... Read more ›
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Elon Musk’s xAI is in talks to raise $10 billion at a $75 billion valuation, according to Bloomberg. Sequoia Capital, Andreessen Horowitz and Valor Equity Partners, three firms that are already existing investors in the maker of the Grok chatbot, are in the discussions, the report said. The ... Read more ›
0
Meta Platforms might be laying off staff, but it’s proving to be something of a haven for recently unemployed senior executives. Bloomberg broke news today that the Facebook parent had hired a recently departed CEO of TheRealReal as a vice president of retail, and the former CEO of General Motors’ self-driving–car unit, Cruise, to oversee a new team building humanoid robots. Wowee!Both these hires will be part of the company’s... Read more ›
0
OpenAI’s board has formally rejected Elon Musk’s bid to buy the assets of its nonprofit for $97.4 billion, according to a statement posted to X. The decision, which was expected, comes four days after the entrepreneur originally offered to effectively take control of the OpenAI for-profit arm ... Read more ›
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On More or Less: The gang discusses Elon’s latest curveball. Apple Spotify YouTube Read more ›
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Nasdaq is urging the U.S. Securities and Exchange Commission to create a “level playing field” for various venues for trading crypto assets, including national securities exchanges, showing how the exchange operator is trying to ensure it can be among the beneficiaries as the agency overhauls ... Read more ›
0
Taiwan Semiconductor Manufacturing Co., the world’s leading manufacturer of advanced chips for artificial intelligence, is considering whether to take a controlling stake in Intel’s chip manufacturing factories after Trump administration officials asked it to do so, according to a Bloomberg ... Read more ›
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Elon Musk’s artificial intelligence startup xAI is looking to set up a new data center as it plans to substantially increase the number of Nvidia chips it uses, according to someone involved in the discussions. The move comes as xAI nears a deal with Dell Technologies, a server maker, to buy $5 ... Read more ›
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Meta Platforms has hired ex-Cruise CEO Marc Whitten to lead a new division in its Reality Labs Department focused on AI-powered humanoid robots. The company has also brought on John Koryl, the former CEO of luxury retailer The RealReal, to help boost retail sales of its wearable devices. The ... Read more ›
0
Over the past two years, the explosive growth of artificial intelligence has created a dilemma for tech behemoths: How can their data centers meet AI’s mind-boggling need for electricity without befouling the planet in the process? Amazon, for one, may have found an answer to that question 200 miles southeast of its headquarters, on a patch of sagebrush and tumbleweeds in Richland, Wash. A local public power agency, Energy Northwest,... Read more ›
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Around the time Jigar Shah became director of the loan programs office at the U.S. Department of Energy, his venture capitalist friends gave him an earful about the idea of investing in nuclear power startups. “Like, 20 of my best friends in 2021 told me, ‘Jigar, we will never, ever in a million years invest in nuclear power,’” said Shah, whose office doled out tens of billions of dollars in... Read more ›
0
Nuclear isn’t the only source of carbon-free power that has energized the tech industry. For years, solar and wind have been mainstays for tech companies looking to reduce the greenhouse gases emitted by their data centers and other operations. The tech industry is also forming partnerships to build power plants that use new technologies to tap geothermal energy, some of which are already operational. The most speculative, and promising, technology... Read more ›
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Some of the biggest U.S. banks are muscling into crypto services for big funds, investors and traders, taking advantage of fast-loosening regulations under President Donald Trump to launch digital asset versions of businesses they have long dominated. For now, most of the action involves the business of custody, or safekeeping crypto on behalf of investors. State Street, one of the world’s biggest custody banks for stocks and bonds, is planning... Read more ›
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Getaround, a San Francisco-based short-term car rental company, is ceasing operations in the U.S. and laying off most of its U.S. based employees, according to a securities filing made last week. AJ Lee, the company’s COO and interim CEO, will leave the company and will be replaced by interim ... Read more ›
0
Airbnb’s stock rose 14% in after-hours trading after the company said revenue for the fourth quarter rose 12% to $2.5 billion, exceeding its revenue forecasts, and the fastest growth in three quarters. The short-term rental company said gross booking value, or the total value of customer sales, ... Read more ›
0
Google has brought TikTok back to its Google Play app store nearly a month after removing it following a congressional ban, a spokesperson said on Thursday. It was not immediately clear what prompted the change. Apple also said it would restore TikTok to its app store on Thursday evening, ... Read more ›
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Coinbase ran a victory lap tonight, delivering boffo fourth-quarter numbers that capped a good year both business-wise and politically for the crypto giant. In a shareholder letter, Coinbase signaled its optimism for the future with the most predictable of cliches. Thanks to Donald Trump’s election as president, “It’s the dawn of a new era for crypto.…The era of regulation via enforcement that crippled our industry in the U.S. is on... Read more ›
0
Artificial intelligence startups such as coding assistant Cursor and legal AI software-maker Harvey have become fundraising beasts, raising hundreds of millions of dollars in rounds just months apart. But some founders are bucking that trend, instead opting to “seed-strap” their businesses, using revenue to expand operations after an initial round of venture capital. This approach appeals to entrepreneurs who don’t want to cede much control to outside investors and are... Read more ›
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TikTok CEO Shou Zi Chew had some good news for employees at the company’s all-hands meeting Wednesday night—and then some less than stellar news.While its short-lived shutdown in the U.S. nearly a month ago hurt the business, the app has seen “positive momentum” since then, Chew said, adding: “100% of our ad campaigns that were paused as a result of this are now live.”What’s more, TikTok’s top 1,000 most-followed creators... Read more ›
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Coinbase, the largest U.S. crypto exchange, reported $2.3 billion in revenue for the fourth quarter, more than double from a year ago, driven by a market rally following the election of President Donald Trump in November. Net income surged to $1.29 billion, up from $273 million a year ago. ... Read more ›
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Most popular sources
Business Insider
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19% 21 |
Tom's Hardware
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10% 21 |
Gizmodo
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9% 9 |
Engadget
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8% 6 |
Eurogamer.net
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6% 5 |
| View sources » | |
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11.11.2025 06:14
Last update: 06:06 EDT.
News rating updated: 13:04.
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