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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SoftBank is in talks to invest as much as $25 billion in OpenAI, in a deal that would make the Japanese firm the largest financial investor in the U.S. artificial intelligence giant, according to the Financial Times. SoftBank and OpenAI are together leading Stargate, a joint venture to develop ... Read more ›
0
If we learned anything from tonight’s December-quarter earnings announcements from Microsoft and Meta Platforms, it’s that we’re still in a wait-and-see mode on artificial intelligence. In fact, Meta CEO Mark Zuckerberg declared that 2025 would be a “big year” because the trajectory of most of the company’s big bets—such as on its AI assistant—will be a “lot clearer by the end of this year.” In other words, by December we’ll... Read more ›
0
Tesla shares rose more than 4% in after-hours trading after CEO Elon Musk said the company would deploy unsupervised driverless cars in a paid service in Austin, Texas in June and the rest of the U.S. next year. Musk told Wall Street analysts that the company would initially deploy a Tesla-owned ... Read more ›
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Meta Platforms is still enthusiastic about creators. That much was clear from the Instagram parent’s earnings call on Wednesday.Chief financial officer Susan Li said “creators are one of our central focuses,” while CEO Mark Zuckerberg said he’s focused on growing Facebook’s cultural influence. He didn’t elaborate, but it seems likely that Meta could use video creators as a key way to make the aging blue app cool again. Read more ›
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Trump administration officials are in the early stages of considering additional restrictions on Nvidia’s sales of artificial intelligence chips to China, Bloomberg reported. The rules could target an Nvidia chip, H20, designed for the Chinese market. It’s less powerful than chips sold elsewhere ... Read more ›
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Coinbase announced it added four political and economic leaders to its advisory council, strengthening its ties to Washington. They include Chris LaCivita, manager of Donald Trump’s 2024 presidential campaign and currently chief of staff for the Republican National Committee, and Bill Dudley, ... Read more ›
0
Database provider Snowflake this week discussed an acquisition of Redpanda, a data analysis software startup valued at around $500 million in 2023, according to a person who has been part of the talks. An acquisition of the firm could upgrade Snowflake’s artificial intelligence services, an area where the company has lagged rivals such as Databricks. Redpanda sells software that financial firms and retailers use to analyze continuously flowing data, known... Read more ›
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Meta Platforms, the owner of Facebook, Instagram and WhatsApp, on Wednesday reported 21% higher fourth-quarter revenue of $48 billion, slightly faster growth than the previous quarter. But the company projected a sharp slowdown in revenue growth for the first quarter, to between 8% and 15%. At ... Read more ›
0
Data storage hardware company Western Digital reported a 41% lift in revenue to $4.29 billion for the quarter ended January, thanks to sharp growth in its business of selling data storage devices to cloud computing providers. WDC reported revenue of $2.3 billion from sales to cloud ... Read more ›
0
Microsoft said Wednesday its revenue grew 12% in the fourth quarter of 2024 compared to the same period a year earlier—four points slower than its third quarter growth—as growth in its Azure cloud server rentals also slowed for the second consecutive quarter. Still, the company said revenue from ... Read more ›
0
OpenAI has found evidence that the Chinese firm behind DeepSeek, a powerful new open-source artificial intelligence, developed the AI using information generated by OpenAI’s models, according to OpenAI employees. Firms such as OpenAI forbid such practices, known as AI model distillation, but ... Read more ›
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Venture firm 8VC, known for its early investment in defense startup Anduril and growth stage check in corporate expense startup Ramp, has filed paperwork indicating it plans to raise $998 million for its sixth fund. The Austin-based firm’s last fund was an $880 million vehicle that was raised in ... Read more ›
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Meta Platforms is considering testing DeepSeek, the Chinese artificial intelligence models that have upended the AI industry and stock market, in its generative AI tools for advertisers, according to a Meta employee. Meta’s move to consider DeepSeek for its products is surprising because the ... Read more ›
0
As questions swirl about whether super-cheap-yet-high-quality Chinese artificial intelligence threatens American-made AI, a new data point suggests OpenAI has some major advantages, relative to its compatriots.We reported Tuesday that OpenAI leaders recently made comments implying that ChatGPT Pro subscriptions—which cost $200 per month, or 10 times more than regular subscriptions—are currently generating at least $25 million in revenue per month, or at least $300 million on an annual basis. That... Read more ›
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Seagate Technology and Western Digital Corp. may be best known for selling hard drives for personal computers, which means they’re likely not the first names that come to mind when one thinks of companies that will benefit from artificial intelligence investments. That mindset may be out of date. In recent years, Seagate and WDC have focused their businesses on selling hard disk drives for data centers to cloud firms such... Read more ›
1
Apple plans to make iPhones compatible with SpaceX’s Starlink satellite internet service, which works in remote areas that don’t have reliable terrestrial networks, Bloomberg reported. Apple has been working with SpaceX and T-Mobile to add support for Starlink to its latest iPhone ... Read more ›
0
Did we miss the memo that ByteDance has retained Donald Trump to sell TikTok? It’s easy to get that impression, given how enthusiastic he is in talking up TikTok’s salability. He claimed on Monday that “a lot of people” are going to bid on the app, and that Microsoft was already in talks to buy it. Does Microsoft know that?Maybe Trump is telling the truth about the software giant’s interest.... Read more ›
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Uber CEO Dara Khosrowshahi gave the tidiest summation six years ago for why tech CEOs have made countless 11-hour flights from San Francisco to Tokyo to court SoftBank’s Masayoshi Son: “Rather than having their capital cannon facing me, I’d rather have their capital cannon behind me, all right?” Sam Altman was the latest to make the pilgrimage to Son’s Tokyo mansion, and it was worth the trip. SoftBank will be... Read more ›
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Direct-to-consumer brand Quince said Tuesday it raised $120 million in new funding in a round led by Notable Capital and Wellington Management. The company, which sells low priced versions of high-end apparel and accessories, like $50 cashmere sweaters, said in a LinkedIn post the ... Read more ›
0
Skild AI, which develops artificial intelligence software to power robots, is in talks to raise funds from SoftBank at a $4 billion valuation, the Financial Times reported. The round would add to the ambitious AI investments that SoftBank has pursued under its CEO Masayoshi Son, who is planning ... Read more ›
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Most popular sources
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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