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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Meta Platforms is preparing to implement on Monday previously announced job cuts of 5% of its workforce. In a message to staff on Friday, Meta said employees who are laid off will be cut off from the company’s internal system within an hour and will be notified by email about their ... Read more ›
0
The Trump administration said Friday that it had temporarily reversed a ban on duty-free package shipments from China that had gone into effect just days earlier, the latest in a series of abrupt moves that have upended the e-commerce industry. Friday’s move amends an executive order that had ... Read more ›
0
In November, virologist Beata Halassy announced to the world that she had cured her own breast cancer using a treatment developed in a laboratory she runs. Many in the medical community celebrated her breakthrough, which she says has allowed her to live cancer-free for over four years. But some bioethicists worried that overpublicizing the results of her self-experimentation could encourage others with less expertise to reject conventional cancer treatment. This... Read more ›
0
Shopify, best known for selling software and services to help small entrepreneurs run online shops, wants to boost its growth by landing bigger retailers as clients. One obvious target is merchants that use e-commerce software from enterprise giants like Salesforce, Adobe and Oracle. While Shopify has highlighted its success in winning some bigger businesses, such as Reebok and Away, the company has struggled to pull other retailers completely away from... Read more ›
0
President Donald Trump said Thursday he wanted to eliminate a carried-interest tax deduction that allows venture capitalists, hedge fund managers and private equity investors to pay a lower tax rate on their share of profits from investments than the higher ordinary income tax rate. During his ... Read more ›
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General Catalyst seems to be drawing a blueprint for what it means to be a venture capital firm that is not just a venture capital firm. Earlier this week, the 25-year-old firm announced it would be expanding into wealth management, led by a team of former First Republic Bank staffers. And now, three people who have spoken to the firm tell me it is developing a program to make small... Read more ›
0
Amazon is upping the ante in tech’s great capex stakes. The commerce cloud giant’s CEO, Andy Jassy, intimated Thursday, as the company reported fourth-quarter earnings, that it would spend around $100 billion on capital expenditures this year. That’s up around 29% from what Amazon spent in 2024, and roughly $20 billion to $25 billion ahead of what fellow cloud firms Microsoft and Google each plan to spend this year. And... Read more ›
0
Salesforce is making additional executive leadership changes following its announcement on Wednesday that one of its board members, software industry veteran Robin Washington, will be assuming a dual role of chief operating officer and chief financial officer in March. The changes come amid ... Read more ›
0
How painful would it be for ByteDance to shut down TikTok in the U.S. altogether? Such a question may be moot if you only listened to President Donald Trump, who has frequently weighed in on the likelihood of a deal to sell TikTok’s U.S. operations—perhaps to Oracle, maybe to Elon Musk, or even to the U.S. government itself! But as we’ve reported here and as the Washington Post reminded us... Read more ›
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Shares of drugstore beauty giant Elf Beauty fell more than 20% in after-hours trading Thursday, after the company cut its sales forecast for its current fiscal year, which ends in March, to between $1.3 billion and $1.31 billion, down from $1.315 billion to $1.335 billion previously. Elf’s CEO ... Read more ›
0
Gemini, the crypto exchange founded by Cameron and Tyler Winklevoss, is considering going public as soon as this year, Bloomberg reported. The firm is in talks with potential advisers about a listing, the outlet reported. Last year, Gemini resolved its legal woes from its Gemini Earn lending ... Read more ›
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The startup founded by former OpenAI chief technology officer Mira Murati has hired OpenAI co-founder John Schulman, according to people who have spoken to the startup’s representatives. Schulman, an AI researcher whose team at OpenAI was responsible for innovations that contributed to the ... Read more ›
0
Amazon’s sales grew 10% year-over-year to $187.8 billion in the fourth quarter, the company said Thursday. Operating income, meanwhile, grew 61% to $21.2 billion, in part as the company kept a lid on logistics costs. Most of Amazon’s business lines reported steady or slightly slowing growth ... Read more ›
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The falling cost of artificial intelligence—underscored by the arrival of DeepSeek—is likely to pressure software firms to stop charging customers for ChatGPT-like features such as summarizing documents and automatically drafting emails, which are fast becoming a commodity, executives from security firm Palo Alto Networks and file storage firm Box told me. The executives didn’t name names, but they’re likely referring to companies such as Microsoft and Salesforce that have been... Read more ›
1
Google doesn’t get the accolades OpenAI, Anthropic and DeepSeek are getting in advancing artificial intelligence, but it’s arguably doing some things right.Case in point: On Wednesday, Google made a trio of new Gemini AI models generally available to app developers, including a reasoning model akin to OpenAI’s o1 and the much-discussed DeepSeek R1. The models themselves are nearly as good as those of Google’s rivals, according to the Chatbot Arena... Read more ›
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JPMorgan Chase’s $917 million investment in a Greek fintech company has gone so wrong that the bank last year offered to sell back half of its stake at a valuation of $175 million. The fintech, Viva Wallet, didn’t take the offer. JPMorgan responded with a lawsuit that accused Viva’s founder of bullying and threatening its representatives. It demanded its full investment back, plus interest. Whoever wins this fight, the deal... Read more ›
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Investors are warming to fintech startups after a spike in interest rates made these once-hot companies look overvalued. Mercury, a business banking startup whose profile soared after the collapse of Silicon Valley Bank nearly two years ago, is in talks to raise more capital, targeting about $250 million, according to a person with direct knowledge of the funding discussions. It has engaged in financing talks since reaching $500 million in... Read more ›
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John Schulman, an OpenAI co-founder who joined rival Anthropic last year, has left his role at the startup, an Anthropic spokesperson said. His departure hasn’t been previously reported. While at OpenAI, Schulman was one of the company’s most high-profile technical leaders. His team was ... Read more ›
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Lina Khan is out of the government, but she hasn’t given up her crusade against big tech. The former Federal Trade Commission chair has written an opinion piece for The New York Times suggesting the success of China’s artificial intelligence firm DeepSeek is a sign that “there isn’t enough competition” in the tech industry. Perhaps Lina Khan is living on a different planet. In the U.S., aside from ChatGPT parent... Read more ›
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Brian Millham, president and chief operating officer at Salesforce and one of the software provider’s longest-tenured employees, is retiring in May, the company said in a securities filing. Salesforce has appointed Robin Washington, an enterprise software veteran who has served on its board of ... Read more ›
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Most popular sources
Business Insider
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25% 4 |
Gizmodo
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12% 12 |
Tom's Hardware
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9% 18 |
Android Authority
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7% 3 |
Slashdot
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4% 1 |
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11.11.2025 10:28
Last update: 10:20 EDT.
News rating updated: 17:20.
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