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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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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TikTok’s roughly 12-hour shutdown earlier this month, however brief, was a reality check for businesses built around the app. Before that, many brands and creators that sell goods on TikTok’s shopping service, TikTok Shop, had been kicking the can down the road on what to do if the app disappeared. Nicole Rechtszaid, the founder of Ghost Agency, a firm that has helped brands like Alo Yoga, Phix skincare and Final... Read more ›
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Revenue from OpenAI’s most expensive subscription tier of ChatGPT has surpassed revenue the company generates from customers of the artificial intelligence chatbot who are part of business team subscriptions, OpenAI leaders recently told some shareholders. The precise figure couldn’t be learned, ... Read more ›
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The DeepSeek open-source reasoning model, R1, has barely been out for a week, but businesses are already champing at the bit to use the Chinese model in their products because it’s so cheap compared to American ones.Take ZoomInfo, a provider of data about businesses, which its customers use as sales leads. The company already found that it could cut certain AI costs two-thirds by replacing OpenAI’s o1 reasoning model with... Read more ›
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Meta is transferring oversight of Reality Labs’ business operations to Meta Chief Operating Officer, Javier Olivan, away from Reality Labs’ Chief Operating Officer, Dan Reed. Meta’s chief technology officer and the head of Reality Labs, Andrew Bosworth, announced a major reorganization of ... Read more ›
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Microsoft is one of the companies in talks to acquire TikTok’s US operations, President Donald Trump told reporters on Monday, adding that he wants a “bidding war” between US firms to acquire the app. After a law requiring the Chinese-owned to sell its US operations to an American company or ... Read more ›
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A UK government watchdog recommended that the nation’s top regulator investigate Microsoft and Amazon on antitrust grounds, according to a report published Tuesday. The report found that Microsoft and Amazon each control about 40% of the country’s cloud computiung market, while Google is the ... Read more ›
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OpenAI announced on Tuesday a new version of its ChatGPT chatbot, called ChatGPT Gov, targeted at government agencies, according to a blog post. Government agencies will be able to use ChatGPT Gov more securely in their own private Azure clouds, the post said. The new chatbot will also include ... Read more ›
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The Federal Trade Commission has spoken with representatives from China-founded e-commerce site Temu about Amazon’s pricing policies, according to two people familiar with the outreach. The U.S. antitrust regulator’s outreach came after The Information reported in December that Amazon had begun ... Read more ›
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If you spent any time yesterday or this weekend on X, you might have concluded that AI developers, venture capitalists, Nvidia and cloud providers are totally screwed, thanks to new uber-cheap and impressive AI models from High-Flyer Capital Management, a Chinese hedge fund.The truth is a lot more nuanced, though, and there are still a lot of questions we have yet to answer. The TL;DR is that the success of... Read more ›
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When President Donald Trump announced a $500 billion plan for data centers to power artificial intelligence last Tuesday, one of the men standing to his left was already getting ready to write the checks. SoftBank CEO Masayoshi Son was already making plans to put a total of about $40 billion into the Stargate data center project as well as the company that is Stargate’s driving force, artificial intelligence startup OpenAI,... Read more ›
4
President Donald Trump said Monday that he plans to impose import tariffs on specific sectors including semiconductors and pharmaceuticals “in the very near future.” Trump, who was speaking at a congressional Republican retreat in Miami, said he wants to bring the production of ... Read more ›
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Workers at a Whole Foods Market store in Pennsylvania voted to unionize on Monday, according to the National Labor Relations Board, the latest development in a flurry of labor organizing at Amazon. Employees of the store in Philadelphia’s Spring Garden neighborhood voted 130-to-100 in favor of ... Read more ›
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AI search startup Perplexity, which began offering access to the Chinese AI model DeepSeek R1 earlier Monday, has now removed its content moderation features. This means Perplexity users can get answers on topics like the 1989 Tiananmen Square protests, which the original DeepSeek model won’t ... Read more ›
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Talk about a jittery market! Shares of some tech firms exposed to artificial intelligence tumbled today, prompted by new evidence that China’s DeepSeek is giving AI folks in the U.S. a run for their money. Nvidia and Broadcom each fell 17%, while Alphabet dropped 4% and Microsoft 2%. Oh, and let’s not forget Oracle, a small player in the cloud business, whose shares fell 14%. But the tech sell-off was... Read more ›
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Amazon has tapped Whole Foods CEO Jason Buechel to lead its entire grocery business, the company said Monday. Buechel is taking on more responsibilities after the departure of his former boss Tony Hoggett, who led Amazon’s global grocery business before he left for the food delivery startup ... Read more ›
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Shares in Nvidia, Broadcom and Marvell and other U.S. firms that design artificial intelligence server chips each fell more than 17% Monday following the release of AI from a Chinese quant fund, which prompted some observers to speculate that demand for specialized AI chips might drop. ... Read more ›
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Before we get to our main item, I’d recommend you read yesterday’s scoop about Meta Platforms and other American developers reacting to the threat posed by DeepSeek, the hottest new artificial intelligence model (and consumer mobile app!) that has been sweeping the industry.On to the news…Last week I was at one of the largest data center conferences in the world, the Pacific Telecommunications Council conference in Hawaii, where the elephant... Read more ›
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Late last summer, leaders at Character.AI were worried: The company—which offers artificial intelligence chatbots that simulate conversations with Aristotle, Pikachu and other historic or invented characters—was seeing a sharp slowdown in user growth. In September messages to staff, which The Information viewed, Character’s interim CEO, Dominic Perella, said the slowdown was partly due to the back-to-school season. Perella’s acknowledgment underscored the fact that a significant portion of Character’s audi Read more ›
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Most popular sources
Business Insider
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25% 3 |
Gizmodo
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10% 3 |
Android Authority
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9% 3 |
Mashable
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6% 3 |
Eurogamer.net
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6% 0 |
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11.11.2025 17:31
Last update: 17:20 EDT.
News rating updated: 00:21.
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