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 ›
81
Meta Platforms plans a new round of job cuts in the coming weeks, the company told employees on Tuesday, focused on employees who are considered weak performers. In a post on the company’s internal chat system, Meta CEO Mark Zuckerberg said the company would make more extensive performance based cuts during this performance review cycle. Meta’s announcement signals that the social media company’s efforts to rein in costs are continuing... Read more ›
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It’s the final week of the Biden presidency, and the administration kicked it off by announcing new export control rules for AI-related technologies, causing quite a stir. The rules aim to limit how many of Nvidia’s artificial intelligence chips other countries or foreign companies can obtain, helping American AI developers companies stay ahead, and to force American companies to develop large AI chip clusters primarily in the U.S.In case you... Read more ›
6
JPMorgan has elevated the co-head of its commercial and investment bank, Jennifer Piepszak, to chief operating officer, replacing Daniel Pinto who is retiring from the role at the end of June. Pinto, the right-hand man of CEO Jamie Dimon, is planning to retire at the end of 2026, the bank said ... Read more ›
0
Chinese-owned bargain seller Temu has spooked Amazon by selling ultracheap household gadgets, electronics and more, oftentimes undercutting the e-commerce giant on price. Now Temu is looking to capitalize on its popularity by going head to head with Amazon in another business: advertising. Temu has started testing selling ad space to merchants that want to promote their products on its site, three people close to the company said, similar to how... Read more ›
0
Chinese government officials are evaluating a potential option for TikTok that involves Elon Musk acquiring the app’s U.S. operations, Bloomberg reported. Under one scenario that the officials have discussed, Musk’s social media company X would take control of TikTok’s U.S. business and run it ... Read more ›
0
To those of us who are longtime Sonos customers, it wasn’t much of a surprise that the maker of internet-connected speakers parted ways this morning with Patrick Spence, its embattled CEO. Last May, the company introduced a new version of its mobile app for controlling its speakers. But the updated app left out a number of features that had been available in the older app for years. The changes enraged... Read more ›
0
Data analytics firm Databricks raised $5 billion in debt in a new round of financing that will help the company offset taxes from employee share sales, Bloomberg reported. The financing, which included loans from Blackstone, Apollo Global Management and Blue Owl Capital, comes on the heels of a ... Read more ›
0
Instagram head Adam Mosseri said the app will prioritize original content in 2025. The comments follow a week of major changes at parent Meta Platforms over how the company will handle content moderation. They also come just days ahead of a possible ban of TikTok, set to take effect on Sunday, ... Read more ›
0
Google’s cloud-server rental unit is forming a new team of salespeople and engineers to attract more spending from artificial intelligence customers such as Anthropic and Cohere, according to a person with direct knowledge of the move, which could be announced later this week. The team will also ... Read more ›
0
Blockchain analytics firm Chainalysis said it has acquired Alterya, a startup that uses artificial intelligence to detect and prevent scams for crypto and fintech companies. Chainalysis declined to share the deal value, but Business Insider reported the total acquisition amount was about $150 ... Read more ›
0
The CEO of Sonos, Patrick Spence, is leaving the maker of internet-connected speakers following the introduction of a flawed new app last year that tarnished the company’s reputation. Spence will be replaced by an interim CEO and Sonos board member, Tom Conrad, who previously worked at Quibi, ... Read more ›
0
Microsoft is reorganizing its cloud and AI teams to form a new “Core AI” unit, which will be tasked with building the AI tools that Microsoft’s developers and cloud customers use to create applications, CEO Satya Nadella said in a note to employees on Monday. The new unit will be led by Jay ... Read more ›
0
Meta Platforms’ announcement last week that it had relaxed its content moderation stance immediately raised the question of whether others, such as OpenAI, would follow suit.When I asked Chris Lehane, OpenAI’s chief global affairs officer, about that during an interview on Friday, he pointed me to a new broad-ranging policy proposal from the startup—released publicly on Monday morning. Lehane highlighted a section on users being able to personalize AI tools.... Read more ›
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Some of Nvidia’s biggest customers are facing new delays in getting its most advanced artificial intelligence chips up and running in data centers. The first shipments of racks equipped with Nvidia’s newest chips, Blackwell, have been plagued by overheating as well as glitches involving the way the chips connect to one another, according to three people working at suppliers and two customers that have dealt with the issues. These kinds... Read more ›
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The Biden administration announced a set of controversial restrictions on the export of advanced artificial intelligence chips on Monday, in an attempt to plug loopholes that have led to voluminous amounts of cutting-edge chips smuggled to China and Russia. The new regulation introduces a ... Read more ›
0
Blue Origin, the space company founded by Jeff Bezos, said it is postponing the launch of its New Glenn rocket that was planned for early Monday, citing a vehicle subsystem issue. “We’re standing down on today’s launch attempt to troubleshoot a vehicle subsystem issue that will take us beyond ... Read more ›
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The U.K.’s government plans to announce a significant increase in the country’s computing capacity for artificial intelligence on Monday. Although it isn’t clear how much the effort will cost, the effort came in a response to a government-commissioned report on AI opportunities for the U.K.’s ... Read more ›
0
Meta Platforms CEO Mark Zuckerberg criticized the Biden administration, complained about the “culturally neutered” corporate world and said Apple hasn’t “invented anything great in a while,” during a multi-hour interview with podcaster Joe Rogan. Zuckerberg, who has been trying to align himself ... Read more ›
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Welcome, Weekenders! In this newsletter:• The Big Read: A casual sex website with an underage sex problem• Power and Influence: DOGE goes headhunting • The Top 5: Where to travel after Davos • Plus: When a corporate marvel may be a communist spy ring; piecing together “Severance”; and an uncomfortable masterpieceA couple years ago, Donald Trump was banned from Facebook, and just a few months ago, he was threatening to... Read more ›
2
The World Economic Forum’s annual meeting in Davos is the Super Bowl of schmoozing. And let’s face it, after a week of nonstop on-calendar panel discussions, off-calendar networking and late-night parties—Google and McKinsey & Co. are known for throwing some of the best ones!—even the most extroverted movers and shakers need a little R&R and time to plot their next moves. We canvassed a mix of seasoned Davos attendees, as... Read more ›
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Most popular sources
Business Insider
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20% 3 |
Gizmodo
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11% 2 |
Slashdot
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10% 7 |
Android Authority
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8% 2 |
Tom's Hardware
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7% 1 |
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12.11.2025 03:42
Last update: 03:35 EDT.
News rating updated: 10:32.
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