Norwayâs sovereign wealth fund plans to vote against Teslaâs proposed $1 trillion CEO compensation package for Elon Musk, the fund said on Tuesday. Norges Bank said in a disclosure that it was âconcerned about the total size of the award, dilution, and lack of mitigation of key person risk.â The ... Read more âș
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DeepSeek has shaken up Silicon Valley and Wall Street with its stunning advances in artificial intelligence. But its technological success doesnât mean Chinaâs AI industry has figured out how to make money. The rise of DeepSeek contrasts with the struggles of other Chinese competitors, especially the best-known AI unicorns dubbed the âsix little dragons.â The six startupsâMiniMax, Moonshot AI, Zhipu AI, Stepfun, Baichuan and 01.AIâspearheaded Chinaâs AI push in the... Read more âș
0
Blackstone, a major investor in data centers, told investors Thursday that itâs been looking at the potential impact of cheap, powerful artificial intelligence from China on the data center market. The release of DeepSeek R1, a reasoning model developed by a Chinese quant fund, has shaken up ... Read more âș
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Google on Thursday offered U.S. employees of its Chrome, Android and Pixel teams voluntary buyout package that included severance pay, a Google spokesperson said. The move comes nine months after Google combined the teams under executive Rick Osterloh, giving him oversight of more than 20,000 ... Read more âș
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Apple had good news and bad news when it reported December-quarter results on Thursday. The bad news was that revenues from ChinaâAppleâs second-biggest marketâshrank 11%, almost certainly a result of Apple losing share in smartphones to local rivals such as Huawei. Indeed, iPhone revenues globally shrank 0.8% in the quarter. The good news is that despite the falloff in China, Appleâs top line expanded 4%, thanks to solid growth in... Read more âș
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General Catalyst has reached out to several institutions to buy a stake in its management company according to Axios. General Catalyst itself may be the buyer, according to Axios. In 2018, Petershill Partners, an investment firm operated by Goldman Sachs Asset Management, bought a stake in ... Read more âș
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Intel on Thursday said revenue fell 7% to $14.3 billion in the fourth quarter, but the result meant the chip makerâs performance was in line with the best-case scenario the company had projected three months earlier. Its $126 million net loss in the quarter was also many times lower than what ... Read more âș
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Hi - Before we get into todayâs column, some breaking news: OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investmentânearly double its valuation late last year in a Thrive Capital-led round. OpenAI will use some of the money to fund its commitment to Stargate, which I reported last week would be... Read more âș
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Crypto exchange Kraken is re-launching staking services for U.S. clients using a different product structure, after discontinuing staking in 2023 under a settlement with the U.S. Securities and Exchange Commission. Staking is a process in which crypto investors lock up, or âstake,â their tokens ... Read more âș
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As TikTokâs future remains in turmoil, competitors are trying to take advantage of the situation. One way is bringing back a tried-and-true tactic from 2021: creator funds. This month, companies including creator commerce app Flip, which competes with TikTok Shop, and newsletter publisher Substack announced programs that offer cash incentives with the hope of attracting more TikTokers to their apps. Instagram parent company Meta Platforms also brought back limited-time bonuses... Read more âș
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Appleâs iPhone revenue shrank by 0.8% in the December quarter, the company reported, likely a result of weakness in China where the tech giant faces intense comeptition from Chinese brands such as Huawei. Despite the drop, sharp growth in revenue from sales of Macs, iPads and services ... Read more âș
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Meta Platforms CEO Mark Zuckerberg told Meta employees Thursday that Meta ended its diversity, equity and inclusion efforts because of the current political landscape, but still valued diversity, according to an employee who heard his remarks. Zuckerberg made the comments at a company ... Read more âș
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OpenAI is in talks to raise $40 billion in new funding at around a $300 billion valuation including the new capital, according to a person familiar with the discussions. The deal would nearly double the companyâs valuation from a funding round that closed in October, in which investors valued ... Read more âș
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Elon Muskâs X earned about $1.2 billion before interest, taxes, depreciation and amortization and other expenses in 2024, Bloomberg reported, citing what banks are telling investors considering buying X bank debt now being offered for sale. The Bloomberg report said X earned $400 million ... Read more âș
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The Department of Justice sued to block Hewlett Packard Enterpriseâs $14 billion acquisition of Juniper Networks, which was announced last January, on the grounds that the combination would create a duoploy, along with Cisco Systems, that would stifle competition in the market for wireless ... Read more âș
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How fast is DeepSeek open source artificial intelligence taking over the business world? Look no further than Meta Platforms, which is evaluating whether to use the Chinese-made AI in its advertising products despite spending the past two years developing its own Llama open-source models, my colleague Kalley reported Wednesday. Also this week, Goldman Sachs Chief Information Officer Marco Argenti told me his team is also interested in using DeepSeek, but... Read more âș
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The number of Amazon packages sent through United Parcel Service will drop by more than 50% by the second half of next year, UPS said. UPS shares dropped more than 15% shortly after the market opened on Thursday. Amazon spokesperson Kelly Nantel said: âUPS requested a reduction in volume and we ... Read more âș
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The only thing coming at us faster these days than advances in artificial intelligenceâs capabilities is the amount of industry jargon weâre all needing to decipher. Donât know the difference between open weights and open source? Still trying to distill the meaning of AI distillation, the process DeepSeek may have used to copycat OpenAIâs work? Our new glossary is a font of deep learningâand hopefully a useful guide to a... Read more âș
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The word of the moment in artificial intelligence is distillation. Distillation is the technical term for transferring knowledge from one large language model, which acts like a teacher, to another model that acts as a student. And itâs likely one of the key ways a Chinese quant fund replicated OpenAIâs o1 reasoning model and set the industry on fire with DeepSeek, OpenAI said publicly Wednesday. Distillation involves the student model... Read more âș
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Live sports are costly for media companies and streaming service ownersâand increasingly, for viewers too. Comcast executives hinted at upcoming price hikes at its Peacock streaming service to offset the costs for live NBA games, which will air on Peacock and its NBC network starting later this ... Read more âș
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The power demands of artificial intelligence have already led the tech giants to scale back their climate goals. Now the intense battle to dominate AI has created a frenzy of dealmaking to secure enough electricity to power a major city. Thatâs created a clash between the fast-moving, lightly regulated tech industry and the nationâs heavily regulated power grid and electric utilities. To get around the bottleneck, data centers are becoming... Read more âș
2
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Business Insider
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26% 2 |
Gizmodo
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9% 3 |
Android Authority
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8% 2 |
Tom's Hardware
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7% 4 |
Eurogamer.net
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6% 0 |
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11.11.2025 15:00
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