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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As uncertainty around TikTok’s future has built for months, some U.S.-based employees at the short-form video app have left for other companies. Nearly one in ten of those departures have been to Meta Platforms, the parent of Instagram and Facebook, according to a new analysis from Live Data Technologies, which tracks personnel movements based on public information on job changes. The data includes more than 800 departures of U.S. TikTok... Read more ›
0
President Donald Trump signed an executive order on Thursday to promote digital assets in the U.S., including evaluating the possibility of creating a national digital asset stockpile. The executive order also creates an interagency working group to propose a federal regulatory framework for ... Read more ›
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Goldman Sachs elevated three dealmakers to the top of its tech investment banking division on Thursday, according to an internal memo, part of an effort to push a new generation of bankers up its ranks. The bank named Jung Min and Barry O’Brien global co-heads of the technology, media and ... Read more ›
0
OpenAI announced a new ChatGPT feature called “Operator” that will automate complex tasks typically done through the Web browser, such as planning trips or ordering groceries. The announcement, in a blog post on Thursday, confirmed earlier reporting in The Information. With Operator, users ... Read more ›
0
OpenAI’s development of an “agent” to automate the work of a senior software engineer—which my colleagues scooped yesterday—will raise the stakes in an already competitive market for AI coding tools. But OpenAI still has to overcome a major data problem before such a product can become widely available.While the internet is full of coding examples for training models, there is a dearth of information on how senior engineers turn a... Read more ›
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Seattle-based venture capital firm Madrona Ventures, an early backer of Amazon and Snowflake, has some strong takes on where artificial intelligence is going next—and fresh capital to back them up.The firm, which turned 30 this year, has raised $770 million for new funds to invest in private AI, cloud and software companies. Madrona raised $495 million for early-stage startups, which it plans to invest across 30 companies, and $275 million... Read more ›
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Readers of The Information are sharply divided on the future value of OpenAI, with roughly one-fourth expecting the value of the ChatGPT maker to soar past $500 billion in three years—and an almost equal number expecting it to plunge below $100 billion. OpenAI was most recently valued at $157 billion in October. Separately, readers are more optimistic about the outlook for tech companies than at any time since February last... Read more ›
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When OpenAI previewed o3, its latest reasoning model, in December, one of the ways the company demonstrated its strength was by showing off its 25.2% score on FrontierMath, a test of AI models’ math abilities that Epoch AI developed. (You might remember Epoch, the nonprofit research organization, from their work on AI scaling laws.)That’s not the kind of grade I would have bragged about after taking a math test, but... Read more ›
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The Kim Kardashian-founded private equity firm Skky Partners has taken a minority stake in high-end skincare brand 111Skin, the companies said Thursday. The deal marks just the second investment by Skky, which Kardashian founded in mid-2022 with Jay Sammons, who previously oversaw consumer ... Read more ›
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It’s been four days since President Donald Trump’s White House return, and swift changes for the crypto industry are already underway. Securities regulators announced a task force to overhaul crypto regulation, while a top federal bank regulator said it would take a more open-minded approach to digital assets. Crypto executives are already seizing on the big shifts in attitude to expand their businesses and plan new kinds of crypto investments... Read more ›
1
The Ministry of Commerce in China for the first time addressed Trump’s proposal that TikTok should be 50% owned by the U.S., urging the U.S. to provide “a fair and just business environment” for companies from around the world including China. “We hope that the U.S. side will listen more to the ... Read more ›
0
A top technology banker at Morgan Stanley is in talks to take up a job in the Trump administration, The Wall Street Journal reported. Michael Grimes, who has been at Morgan Stanley for three decades, has worked on initial public offerings of numerous tech companies including Google, ... Read more ›
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Google is investing more than $1 billion in Anthropic, The Financial Times reported on Wednesday. Already, Anthropic has raised $8 billion from Amazon, and Google committed $2 billion to Anthropic in 2023. Separately, Anthropic is in discussions with investors led by Lightspeed Venture Partners ... Read more ›
0
Ron Conway’s SV Angel, known for early checks into Airbnb, Pinterest and Meta Platforms, has raised $330 million for its second growth fund, according to a securities filing. The financing comes two years after SV Angel raised its debut growth-stage fund, a $270 million vehicle, and expanded its ... Read more ›
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The term “bottomless pit of need” usually refers to an insecure person, but it could also apply to artificial intelligence startups, with their insatiable appetite for cash. Take Anthropic, one of OpenAI’s biggest rivals, which the Financial Times reported on Wednesday was raising $1 billion from Google. Just two weeks ago, we reported Anthropic was raising $2 billion from venture investors, and in November Amazon pumped $4 billion into the... Read more ›
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Together AI, a two-year-old startup that rents out servers with Nvidia chips to AI developers, recently raised at least $200 million at a valuation of more than $3 billion, according to two people familiar with the funding discussions. General Catalyst has discussed leading the investment, ... Read more ›
0
OpenAI and Japanese conglomerate SoftBank will each commit $19 billion to fund a joint venture to develop data centers for artificial intelligence in the U.S., OpenAI CEO Sam Altman told some colleagues Wednesday. The ChatGPT developer would effectively hold a 40% interest in the venture, Stargate, and it would act as a kind of extension of OpenAI, he said. Stargate stems from Altman’s longtime concern about his company’s access to... Read more ›
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It’s been a whirlwind 24 hours of headlines pointing to a possible deal for TikTok, which could save it permanently from a U.S. ban. The big question is whether any of these overtures will pass muster with China’s government, which will likely have the final word on a sale. It’s not clear that TikTok’s Chinese parent ByteDance is even entertaining any of these deals. To recap, Bill Ford, the CEO... Read more ›
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Microsoft executive vice president Chris Young, who oversaw the company’s deals and investments, resigned on Wednesday, Microsoft said in a filing. As the head of business development, Young ran a team of several hundred employees tasked with overseeing Microsoft’s deals with OpenAI and other ... Read more ›
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OpenAI’s artificial intelligence for writing software code has fueled a multibillion-dollar revenue business, with human programmers using the company’s ChatGPT as a coding helper. Now the company is working on AI to help senior software engineers handle more complex programming tasks, a key step in the company’s attempt to develop artificial general intelligence that outperforms people at most economically valuable work, according to three people who spoke to OpenAI leaders... Read more ›
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Most popular sources
Business Insider
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24% 1 |
Gizmodo
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11% 4 |
Android Authority
|
9% 3 |
Tom's Hardware
|
8% 1 |
Eurogamer.net
|
6% 1 |
| View sources » | |
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11.11.2025 19:55
Last update: 19:50 EDT.
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