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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President Trump’s plan to set up a U.S. sovereign wealth fund, which he said could play a role in buying TikTok’s U.S. business, is generating a lot of conversation this week. But here’s why it’s unlikely to work out. First of all, it’s unclear where the money to seed such a fund would come from. Sovereign wealth funds are common in oil-rich countries like Saudi Arabia, which have budget surpluses... Read more ›
0
Google will no longer set hiring targets for employees from historically underrepresented groups, the company told employees on Wednesday, according to The Wall Street Journal. Google’s parent company, Alphabet, also removed a line from its annual report stating that the company was “committed ... Read more ›
0
Lenders to Elon Musk’s X, formerly known as Twitter, sold a total of $5.5 billion of debt on Wednesday, the Wall Street Journal reported, more than two years after Musk borrowed $13 billion to help fund his $44 billion buyout of Twitter in 2022. The debt was sold at 97 cents on the ... Read more ›
0
Uber said Wednesday revenue for the fourth quarter rose 20% to $12 billion, helped by strength in its ride hailing and delivery businesses, which both reported 18% growth in gross bookings, or total value of customer orders. But its stock dropped 7.5% Wednesday after it warned that bookings ... Read more ›
0
Hugging Face, a repository for open-source artificial intelligence, has laid off about 10 people from its sales team, according to a person with direct knowledge of the cuts. That’s around 4% of the 250-person company. The cuts impacted Hugging Face’s consulting business, “Expert Support ... Read more ›
28
Human resources software firm Workday said Wednesday it would lay off 1,750 employees, 8.5% of its workforce. Its shares rose more than 6%. In a statement, CEO Carl Eschenbach said the company would continue hiring in high-priority areas like AI product development. Workday last year launched an ... Read more ›
0
MicroStrategy, the software maker that has turned itself into one of the world’s biggest bitcoin buyers, says it’s changing its name to Strategy. The Tysons Corner, Virginia-based firm says the rebrand, which also includes changing its logo to an orange “B”, reflects its focus and broad appeal ... Read more ›
0
President Donald Trump’s weekend decision to simultaneously hike tariffs and eliminate a popular duty-free import method for direct-from-China sellers including Temu and Shein has forced e-commerce companies, logistics firms and customs authorities into triage mode to minimize disruptions. The most immediate headache is figuring out how to meet stiffer customs entry requirements now that retailers can’t use the tariff-free entry method, known as de minimis, for shipments from China. One... Read more ›
0
To understand how OpenAI has been improving the quality of its reasoning models in recent months, check out the following question the company recently asked scores of biology PhDs:“Please write a summary of wet-lab experimental approaches available before August 2024 for assessing in parallel the gene expression effects of many different variants in human non-coding regulatory DNA sequences (e.g., promoters & enhancers). For each approach, note how the gene expression... Read more ›
0
Disney’s streaming business posted another quarter of profits as the company seeks to generate $1 billion in profits for Disney+ and Hulu during its fiscal 2025. The company said its direct-to-consumer division, which encompasses Disney+ and Hulu, generated an operating income of $293 million ... Read more ›
0
Investors in artificial intelligence startups have been wowed by the growth of many young AI startups, which are hitting revenue milestones years earlier than a previous generation of software companies did. But they are worried many of those startups won’t be able to hang on to this phenomenal growth—and are hunting for clues on which ones will survive. To do so, they’re zeroing in on a favored metric of enterprise... Read more ›
0
China’s anti-monopoly regulator is weighing a probe into Apple over its App Store policies, Bloomberg reported. Officials from China’s State Administration for Market Regulation have spoken to Apple executives and app developers since last year, which was before President Donald Trump took ... Read more ›
0
Google has ended a policy against using artificial intelligence for weapons or surveillance, six years after first committing to the restriction. OpenAI made a similar change at the beginning of last year. Google’s new policy says it would use AI responsibly by “implementing appropriate human ... Read more ›
0
The U.S. Postal Services said on Tuesday that it would temporarily suspend acceptance of inbound international parcels from China and Hong Kong Posts until further notice, after President Trump’s order to plug a trade loophole used by the likes of Shein and Temu took effect. Trump on Saturday ... Read more ›
0
Robotaxi company Cruise laid off nearly 50% of its workers Tuesday after parent General Motors stopped Cruise’s robotaxi development work because of increasing competition and problems stemming from a pedestrian accident. GM also said it had completed the purchase, announced in December, to buy ... Read more ›
0
The federal judge hearing opening arguments in Elon Musk’s lawsuit against OpenAI and its main backer Microsoft, which seeks to block the ChatGPT maker’s conversion to a for-profit company, said it would be unusual for the court to issue the temporary injunction that Musk is seeking. The judge ... Read more ›
0
Tech’s AI-driven capex splurge lives! Google parent Alphabet today said it expected to lay out $75 billion on capital expenditures this year, a 43% lift over 2024. That puts Google very close to Microsoft, which has said it will spend $80 billion building artificial intelligence data centers in its fiscal year ending June. Meta Platforms, with plans to spend as much as $65 billion on capex, is only a little... Read more ›
0
Shares of Advanced Micro Devices dropped nearly 9% in after-hours trading as investors reacted to a tepid sales forecast for its current quarter and GPU sales figures that show the chip designer is still lagging far behind Nvidia. AMD generated more than $5 billion in sales from the MI300, its ... Read more ›
0
We’re hearing a lot of YouTube creators and media executives have already descended on New Orleans ahead of Super Bowl Sunday. Back at home in rainy Mountain View, Google leaders have been talking up the last national event that boosted YouTube—the 2024 presidential election. In a call with investors late Tuesday, Alphabet CEO Sundar Pichai said more than 45 million viewers in the U.S. watched election-related content on YouTube on... Read more ›
0
The U.S. should start a sovereign wealth fund and maybe it should invest in TikTok, President Trump suggested earlier this week. Well, maybe. But if the fund ever does come to life, its money would be arguably better spent on a bigger, more speculative investment: Stargate, the $500 billion OpenAI-SoftBank-Oracle data center expansion that Trump announced last month.Plans for both the sovereign wealth fund and Stargate are hazy and easy... 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 10:27
Last update: 10:20 EDT.
News rating updated: 17:20.
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