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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Temu and Shein’s U.S. sales dropped in the days following an executive order by President Donald Trump that briefly ended an import exemption used by both bargain sellers to avoid paying China tariffs, Bloomberg reported on Wednesday. Between Feb. 4 and Feb. 9, Shein’s daily sales dropped as ... Read more ›
0
How fierce is the fight for talent at OpenAI and its rivals?One sign came Tuesday when Josh Kushner, founder of major OpenAI investor Thrive Capital, gave a presentation to some of OpenAI’s staff. As part of his talk about why Thrive had committed over $1 billion to the ChatGPT maker, Kushner drove home this message: Leaving would be a bad economic decision.At a staff meeting, Kushner and partner Vince Hankes... Read more ›
14
The last time SoftBank CEO Masayoshi Son bet tens of billions of dollars on hot startups, he made snap decisions and took advice from a group of swashbuckling investors known as much for their infighting as for their deals. Today, he’s moving more deliberately and listening to people like Vikas J. Parekh, who has emerged as Son’s trusted deputy for SoftBank’s big push into AI. Read more ›
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Trendy soda brand Olipop announced $50 million in fresh funding Wednesday at a valuation of $1.85 billion, a jump from the company’s last publicly disclosed valuation of $200 million in early 2022. JPMorgan Growth Equity Partners led the round. The company is profitable, CEO Ben Goodwin said in ... Read more ›
0
As the OpenAI-Elon Musk drama bogged down in arguments about whether Musk’s group had actually sent the takeover offer to the board, another issue surfaced. While OpenAI is signalling it will dismiss the Musk-led group’s offer, it turns out any of OpenAI’s 10 board directors could take matters into their own hands. That’s because of a California corporate law that says a board director can “bring an action to enjoin,... Read more ›
2
So far, most of the spotlight on Silicon Valley’s Washington invasion has focused on how Elon Musk and a band of young techies from his companies are scouring the federal government looking for waste. But a significant cohort of staff from other Valley firms are assuming outsize roles in the Trump administration as well. In fact, you could practically call this the Andreessen Horowitz administration. In our org chart showing... Read more ›
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Alibaba’s stock closed 8.5% higher in Hong Kong Wednesday, following The Information’s report on the e-commerce giant’s partnership with Apple. Apple has partnered with Alibaba to roll out its AI features for iPhone users in China, and the two companies have submitted the features they ... Read more ›
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Positron, a developer of artificial intelligence chips that compete with Nvidia’s, raised $11 million from Flume Ventures, Valor Equity Partners and Atreides Management, all of which are known for backing hardware firms, The Information reported. Valor and Atreides have invested in companies ... Read more ›
0
Here’s a question: If you had to choose between Sam Altman and Elon Musk as the best person to safeguard the future of humanity, who would you pick? It’s a tough choice—you can be forgiven if you say neither. A (slightly) easier question is: If you had to pick one of them to run OpenAI, who would it be? Conventional wisdom is that a Musk-led group’s bid for OpenAI on... Read more ›
0
Lyft’s stock dropped 11% in after-hours trading after the company forecast gross bookings for its ride-hailing and bike rental business will slow in the current quarter as winter weather and lower pricing weigh on sales. The San Francisco company said revenue for the fourth quarter rose 27% year ... Read more ›
0
Food delivery service DoorDash reported on Tuesday 25% growth in revenue in the fourth quarter, in line with the third quarter growth rate. The company posted net income of $141 million, a big swing from the $154 million it lost in the corresponding quarter a year ago. The quarter also showed ... Read more ›
0
Will a private tech company reach a $1 trillion valuation in the coming years? It’s not a ridiculous question. A couple of companies seem like potential candidates. OpenAI is closing in on $300 billion in its financing with SoftBank, and SpaceX recently shot to $350 billion. Read more ›
14
TikTok now has 53 days to figure out a deal to keep it alive in the U.S.—otherwise it will have to go dark again under a law passed last year. While President Donald Trump delayed enforcement of that law until early April and has signaled he wants to find a way for TikTok to stay in the U.S., it’s worth looking at what happened to the video app’s staff and... Read more ›
0
Meta Platforms is in talks to buy South Korean AI chip startup FuriosaAI, according to Forbes. If the talks progress, such an acquisition would give Meta more firepower in its efforts to develop custom chips. Founded in 2017, FuriosaAI is reportedly holding discussions with multiple companies ... Read more ›
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Two artificial intelligence trends have converged at Pinterest: the growing usefulness of AI in improving advertising, and how falling costs of such technology can benefit large application developers more than other types of companies.Pinterest is a bit of a rarity in AI. For years, the online scrapbooking company has trained its own AI models to power content recommendations and advertising technology, but it’s also now a major buyer of AI... Read more ›
2
E-commerce software giant Shopify warned on Tuesday that its free cash flow margin could shrink to the mid-teens in the first quarter, down from 22% in the fourth quarter. Executives attributed the outlook to marketing spending to drive growth, faster growth in the company’s payments business ... Read more ›
0
You've got to hand it to Elon Musk: He is great at getting attention for his causes. In the latest example, the OpenAI cofounder-turned-rival made a $97.4 billion bid for the assets of OpenAI’s nonprofit—namely, control over the OpenAI for-profit arm that runs ChatGPT. This is all part of Musk’s monthslong effort to stop the for-profit from getting out from under the control of the nonprofit by converting to a... Read more ›
0
Apple has recently started working with Chinese internet and e-commerce giant Alibaba Group to roll out artificial intelligence features in China, according to one person with direct knowledge of the decision. The move is part of Apple’s strategy to offer more compelling software features to counter declining sales in the country, where it faces increasing competition from domestic brands like Huawei and Vivo. Apple and Alibaba have submitted the Chinese... Read more ›
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Shortly after Elon Musk made a surprise $97 billion bid for OpenAI’s assets on Monday, its CEO Sam Altman told staff in a message that its board of directors intends to make clear it has no interest in Musk’s “supposed ‘bid’” and that the offer wasn’t in the interest of OpenAI’s mission to develop advanced artificial intelligence for all of humanity, according to a person who saw the message. The... Read more ›
0
Stripe is considering arranging a sale of shares held by employees that would value the company at $85 billion or more, according to a person who has spoken to the company. The transaction would extend a series of share buybacks, secondary sales and fundraises that have lifted the payments provider’s valuation close to its $95 billion peak, which it reached in a 2021 fundraise. These financings have allowed the 15-year-old... Read more ›
0
Most popular sources
Business Insider
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21% 20 |
Gizmodo
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11% 10 |
Android Authority
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9% 7 |
Tom's Hardware
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8% 18 |
Eurogamer.net
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6% 3 |
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11.11.2025 08:16
Last update: 08:12 EDT.
News rating updated: 15:12.
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